IFF Chief Financial and Business Transformation Officer Glenn Richter to retire year end 2024

Rhea-AI Summary

IFF announced that Glenn Richter, the Chief Financial and Business Transformation Officer, will retire on Dec. 31, 2024, after three years with the company. The succession process has started to find a new CFO. Richter's contributions in improving the balance sheet and driving financial success were highlighted by Erik Fyrwald, IFF CEO.

NEW YORK--(BUSINESS WIRE)-- IFF (NYSE: IFF) today announced that Glenn Richter, IFF’s Chief Financial and Business Transformation Officer, plans to retire Dec. 31, 2024 after a three-year tenure with the company. A succession process has been initiated to evaluate internal and external candidates to succeed Richter as CFO.

“During his time at IFF, Glenn has driven multiple actions to improve our balance sheet and position the company for financial success,” said Erik Fyrwald, IFF CEO. “We have benefited from his experience and commitment to transformation. Notably, the work he has led on portfolio optimization, strategy development and our shared services agenda have positioned IFF to drive long-term profitable market share growth. The Board and I are grateful for all Glenn has helped IFF accomplish, and we appreciate his ongoing leadership of the finance function and support in identifying his successor and ensuring a smooth transition.”

Richter has been with IFF since 2021, leading global finance. Before joining IFF, Richter served in progressively more senior roles at TIAA, ultimately serving as CFO, having been the Chief Operating Officer of Nuveen Investments when it was acquired by TIAA. Richter also held leadership roles at Sears Roebuck, Dade Behring and PepsiCo and began his career as a strategy consultant at McKinsey & Company.

Welcome to IFF
At IFF (NYSE: IFF), an industry leader in food, beverage, health, biosciences, and scent, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences. With the beauty of art and the precision of science, we are an international collective of thinkers who partners with customers to bring scents, tastes, experiences, ingredients and solutions for products the world craves. Together, we will do more good for people and planet. Learn more at iff.com, Twitter, Facebook, Instagram, and LinkedIn.

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Investor Relations:

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Source: IFF

FAQ

When will Glenn Richter retire from IFF?

Glenn Richter plans to retire from IFF on Dec. 31, 2024.

How long has Glenn Richter been with IFF?

Glenn Richter has been with IFF since 2021.

Who will succeed Glenn Richter as CFO of IFF?

A succession process has been initiated to evaluate internal and external candidates to succeed Richter as CFO of IFF.

What are some of Glenn Richter's past roles?

Glenn Richter has held senior roles at TIAA, Nuveen Investments, Sears Roebuck, Dade Behring, and PepsiCo, as well as being a strategy consultant at McKinsey & Company.