IFF Names Michael DeVeau Chief Financial Officer
IFF has announced the appointment of Michael DeVeau as Executive Vice President and Chief Financial Officer, effective January 1, 2025. DeVeau, currently Senior Vice President of Corporate Finance and Investor Relations, will succeed Glenn Richter, who will retire at the end of 2024.
DeVeau brings 15 years of experience at IFF, having served in multiple senior finance leadership roles including Divisional CFO of Scent and Chief Strategy Officer. In his current role, he oversees corporate and divisional financial planning and analysis, corporate strategy, and investor relations. Prior to IFF, he held positions at PepsiCo and started his career as an equity research analyst at Citigroup Investment Research.
IFF ha annunciato la nomina di Michael DeVeau come Vice Presidente Esecutivo e Direttore Finanziario, con effetto dal 1 gennaio 2025. DeVeau, attualmente Vice Presidente Senior della Finanza Aziendale e Relazioni con gli Investitori, succederà a Glenn Richter, che andrà in pensione alla fine del 2024.
DeVeau porta con sé 15 anni di esperienza in IFF, avendo ricoperto molteplici ruoli di leadership senior in ambito finanziario, tra cui CFO di Divisione Scent e Direttore Strategico. Nel suo attuale ruolo, sovrintende alla pianificazione e analisi finanziaria aziendale e divisional, alla strategia aziendale e alle relazioni con gli investitori. Prima di IFF, ha ricoperto posizioni in PepsiCo e ha iniziato la sua carriera come analista di ricerca azionaria presso Citigroup Investment Research.
IFF ha anunciado el nombramiento de Michael DeVeau como Vicepresidente Ejecutivo y Director Financiero, efectivo a partir del 1 de enero de 2025. DeVeau, que actualmente es Vicepresidente Senior de Finanzas Corporativas y Relaciones con Inversores, sucederá a Glenn Richter, quien se retirará a finales de 2024.
DeVeau aporta 15 años de experiencia en IFF, habiendo ocupado múltiples roles de liderazgo financiero senior, incluyendo CFO de la División Scent y Director de Estrategia. En su función actual, supervisa la planificación y análisis financiero corporativo y divisional, la estrategia corporativa y las relaciones con inversores. Antes de IFF, ocupó puestos en PepsiCo y comenzó su carrera como analista de investigación de equidad en Citigroup Investment Research.
IFF가 2025년 1월 1일부로 마이클 드부를 임원 부사장 겸 최고 재무 책임자로 임명한다고 발표했습니다. 드부는 현재 기업 재무 및 투자자 관계의 수석 부사장으로 일하고 있으며, 2024년 말 은퇴할 글렌 리히터의 후임이 됩니다.
드부는 IFF에서 15년의 경험을 보유하고 있으며, Scent 부문 CFO 및 최고 전략 책임자를 포함한 여러 고위 재무 리더십 역할을 수행해왔습니다. 현재 역할에서는 기업 및 부서의 재무 계획 및 분석, 기업 전략 및 투자자 관계를 감독하고 있습니다. IFF 이전에는 PepsiCo에서 근무했으며, Citigroup Investment Research에서 주식 연구 분석가로 경력을 시작했습니다.
IFF a annoncé la nomination de Michael DeVeau en tant que Vice-Président Exécutif et Directeur Financier, prenant effet le 1er janvier 2025. DeVeau, actuellement Vice-Président Senior des Finances d'Entreprise et des Relations Investisseurs, succédera à Glenn Richter, qui prendra sa retraite à la fin de 2024.
DeVeau apporte 15 ans d'expérience chez IFF, ayant occupé plusieurs postes de direction financière, y compris celui de CFO de la division Scent et de Directeur de la Stratégie. Dans son rôle actuel, il supervise la planification et l'analyse financière d'entreprise et divisionnaire, la stratégie d'entreprise et les relations avec les investisseurs. Avant de rejoindre IFF, il a occupé des postes chez PepsiCo et a commencé sa carrière en tant qu'analyste de recherche en actions chez Citigroup Investment Research.
IFF hat die Ernennung von Michael DeVeau zum Executive Vice President und Chief Financial Officer bekannt gegeben, die am 1. Januar 2025 wirksam wird. DeVeau, derzeit Senior Vice President für Unternehmensfinanzen und Investor Relations, wird Glenn Richter nachfolgen, der Ende 2024 in den Ruhestand gehen wird.
DeVeau bringt 15 Jahre Erfahrung bei IFF mit, in denen er in mehreren leitenden Finanzpositionen tätig war, darunter CFO der Division Scent und Chief Strategy Officer. In seiner aktuellen Rolle überwacht er die Unternehmens- und divisionsbezogene Finanzplanung und -analyse, die Unternehmensstrategie und die Investor Relations. Vor IFF hatte er Positionen bei PepsiCo inne und begann seine Karriere als Aktienforschungsanalyst bei Citigroup Investment Research.
- Internal promotion ensures continuity and deep understanding of company operations
- Appointee brings 15 years of company experience across multiple senior finance roles
- Structured transition period planned with current CFO through 2024
- None.
Insights
The appointment of Michael DeVeau as CFO represents a strategic internal promotion that brings valuable continuity to IFF's financial leadership. His 15-year tenure at IFF, combined with experience at PepsiCo and Citigroup, suggests a deep understanding of both the company's operations and the broader market context. The planned transition period through 2024 should ensure a smooth handover of responsibilities from Glenn Richter.
DeVeau's background in divisional finance, corporate strategy and investor relations positions him well to address IFF's current challenges, particularly its need to strengthen its financial foundation. His experience as Divisional CFO of the Scent division - IFF's largest segment - provides important operational insights that will be valuable in his new role.
While leadership transitions can create uncertainty, this appointment appears to be a calculated move to maintain stability while pursuing the company's strategic objectives.
DeVeau has served in senior global financial leadership roles across the organization during his 15-year IFF tenure, most recently as SVP, Corporate Finance and Investor Relations
“We could not be more pleased than naming Mike as our CFO,” said Erik Fyrwald, IFF CEO. “Mike is a trusted, experienced executive at IFF and has been a pivotal leader across our company’s global finance functions over the last 15 years. We conducted a thorough evaluation process, and I am proud that we identified the right leader with decades of industry experience and longstanding relationships with the investment community and our global colleagues from within IFF. Mike will be a strong partner as we continue to strengthen IFF’s financial foundation and execute our long-term strategy to drive shareholder value creation. I would also like to thank Glenn for his many contributions to IFF and wish him all the best in his well-earned retirement.”
“I am honored to assume the CFO role and begin the next chapter of my IFF career,” said DeVeau. “Glenn has been a terrific partner who has significantly improved our balance sheet and positioned IFF for financial success, and I am grateful for his support over the past several years. I look forward to working with him during this transition period and alongside Erik, our Board and the rest of our talented global team to build on our strong business momentum.”
Since joining IFF in 2009, DeVeau has held multiple senior finance leadership roles across the global organization, including as SVP, Corporate Finance and Investor Relations; Divisional CFO, Scent, where he led financial planning, forecasting, analysis, acquisitions and performance management for the company’s largest division; and Chief Strategy Officer, where he guided a refreshed corporate strategy focused on long-term profitable growth, portfolio development and transformation. In his current role, DeVeau oversees the company’s corporate and divisional financial planning and analysis team, with responsibility for corporate strategy and investor relations. Prior to joining IFF, he served in leadership positions in investor relations, finance and corporate development at PepsiCo. DeVeau began his career as an equity research analyst at Citigroup Investment Research. He holds a bachelor’s degree from Fordham University and completed a Global Executive Leadership Program at INSEAD.
DeVeau will continue to be based in
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