IFF has announced that Frank Clyburn has been appointed to succeed Andreas Fibig as chief executive officer and a member of the IFF Board of Directors, effective February 14, 2022.
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Clyburn joins IFF from Merck & Co. (Merck), where he currently serves as executive vice president and president of Human Health. Currently having full P&L responsibility for nearly 90% of Merck’s $48 billion business, he brings experience leading global businesses. Clyburn has an understanding of R&D, integration and M&A experience and an ability to connect with customers and all stakeholders.
The company also announced its decision to separate the chairman and chief executive officer roles. Dale Morrison, long-standing IFF director, will assume the role of non-executive chairman of the Board of Directors, effective on February 14, 2022. Ed Breen will remain on the board as an independent director and the company will no longer have the lead independent director role.
Morrison said, “Frank is the best executive to lead IFF into its next chapter at the pace we need. His strong operating experience plus his hands-on approach and customer-centric perspective will accelerate the execution of IFF’s strategic and operating priorities.”
Breen added, “Frank joins IFF at a time when there are significant value creation opportunities ahead of us. We are confident in his ability to unlock profitable growth, capture synergies, maximize the N&B integration and optimize IFF’s portfolio to deliver strong value for shareholders.”
Clyburn shared, “I am honored to serve as IFF’s next CEO. This is an iconic company and industry leader with tremendous opportunity to deliver outstanding customer experience and long-term, sustainable growth. The purpose and vision of IFF is very closely linked with accelerating global trends of nutrition, wellness and sustainability, which means that together, colleagues around the world can deliver significant value for both customers and shareholders. Working with IFF’s world-class talent, unrivaled offerings and impressive innovation platform, I am excited to bring my approach to execute excellence to capitalize on IFF’s bright future.”
Andreas Fibig said, “I am pleased to welcome Frank into the Chief Executive role. He joins IFF at a time when we are delivering our full-year 2021 financial goals, with strong demand continuing in the first quarter. I am confident that Frank will excite and energize our teams around the world, and I wish him all the best as IFF’s next chapter unfolds under his leadership.”