Int'l Flavors & Fragrances CEO Amen resigns
Int'l Flavors & Fragrances chairman and CEO Amen resigns, creates temporary office of the CEO
- On 6:06 pm EDT, Monday September 14, 2009
NEW YORK (AP) -- International Flavors & Fragrances Inc. said Monday that Chairman and CEO Robert Amen plans to step down at the end of the month.
The company, which supplies flavors and scents to consumer products makers, has created a temporary office of the CEO. It gave no explanation for the departure of Amen, 59, who has been CEO for three years.
Board member Douglas Tough will become non-executive chairman on Oct. 1 and take over as CEO no later than the end of the first quarter. Tough, 59, currently is CEO and managing director of Ansell Ltd.
The temporary CEO office will include Chief Financial Officer Kevin Berryman; Nicolas Mirzayantz, who is group president of fragrances, and Hernan Vaisman, group president of flavors. They will continue in their current executive roles.
Shares of International Flavors & Fragrances gained 69 cents, or 1.9 percent, to close at $37.91 Monday.
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