IFF Announces CFO Departure, Appoints Interim CFO
Ticker: IFF · Form: 8-K · Filed: May 6, 2024 · CIK: 51253
Sentiment: neutral
Topics: executive-change, cfo, board-changes
TL;DR
IFF's CFO is out, interim CFO in. Board changes too.
AI Summary
International Flavors & Fragrances Inc. announced on May 1, 2024, the departure of its Chief Financial Officer, Michael J. F. Smith, effective May 3, 2024. The company also appointed Christopher J. Hall as interim CFO. Additionally, the company announced the election of new directors and changes to its executive compensation arrangements.
Why It Matters
The departure of a CFO can signal financial strategy shifts or internal challenges, while the appointment of an interim CFO suggests a transition period for financial leadership.
Risk Assessment
Risk Level: medium — Changes in key executive positions, especially the CFO, can introduce uncertainty regarding financial strategy and future performance.
Key Players & Entities
- Michael J. F. Smith (person) — Departing Chief Financial Officer
- Christopher J. Hall (person) — Appointed Interim Chief Financial Officer
- International Flavors & Fragrances Inc. (company) — Registrant
- May 1, 2024 (date) — Date of earliest event reported
- May 3, 2024 (date) — Effective date of CFO departure
FAQ
Who has been appointed as the interim Chief Financial Officer?
Christopher J. Hall has been appointed as the interim Chief Financial Officer.
When is Michael J. F. Smith's departure as CFO effective?
Michael J. F. Smith's departure as CFO is effective May 3, 2024.
What is the name of the company filing this report?
The company filing this report is International Flavors & Fragrances Inc.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is May 1, 2024.
Besides the CFO change, what other items are reported in this 8-K?
The filing also reports on the election of directors and changes to compensatory arrangements of certain officers.
Filing Stats: 485 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-05-06 16:21:08
Filing Documents
- d827266d8k.htm (8-K) — 26KB
- 0001193125-24-131952.txt ( ) — 186KB
- iff-20240501.xsd (EX-101.SCH) — 3KB
- iff-20240501_def.xml (EX-101.DEF) — 14KB
- iff-20240501_lab.xml (EX-101.LAB) — 23KB
- iff-20240501_pre.xml (EX-101.PRE) — 15KB
- d827266d8k_htm.xml (XML) — 7KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INTERNATIONAL FLAVORS & FRAGRANCES INC. By: /s/ Jennifer Johnson Name: Jennifer Johnson Title: Executive Vice President, General Counsel and Corporate Secretary Date: May 6, 2024