INTERNATIONAL FLAVORS & FRAGRANCES INC.

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International Flavors Taps Merck's Clyburn as Next CEO

01/20/2022 | 07:35am EDT

By Colin Kellaher


International Flavors & Fragrances Inc. on Thursday said it named Frank Clyburn chief executive, plucking the executive from drugmaker Merck & Co.

The New York maker of flavors and fragrances said the 57-year-old Mr. Clyburn, who currently serves as executive vice president and president of human health at Merck, will join the company and its board on Feb. 14.

International Flavors in September said Andreas Fibig planned to retire as chairman and CEO and had launched a search for a successor.

The company Thursday said it will separate the chairman and CEO posts, with current board member Dale Morrison becoming nonexecutive chairman on Feb. 14.

Merck said Mr. Clyburn, who joined the Kenilworth, N.J., company in 2008 and has been president of human health since March of last year, is leaving on Feb. 1. The company said it plans to announce new leadership for the human-health division in the coming weeks.

International Flavors said Mr. Clyburn will be receive an annual base salary of $1.3 million and an annual bonus with a target of 150% of his base pay.


Write to Colin Kellaher at colin.kellaher@wsj.com


(END) Dow Jones Newswires

01-20-22 0735ET

Stocks mentioned in the article
ChangeLast1st jan.
HUMAN HEALTH HOLDINGS LIMITED -1.84% 1.6 Delayed Quote.34.71%
INTERNATIONAL FLAVORS & FRAGRANCES INC. 0.44% 128.485 Delayed Quote.-12.27%
MERCK & CO., INC. 0.93% 93.205 Delayed Quote.20.46%
ON SEMICONDUCTOR CORPORATION 4.95% 57.82 Delayed Quote.-18.80%
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Financials (USD)
Sales 2022 12 744 M - -
Net income 2022 772 M - -
Net Debt 2022 10 000 M - -
P/E ratio 2022 42,3x
Yield 2022 2,47%
Capitalization 32 609 M 32 609 M -
EV / Sales 2022 3,34x
EV / Sales 2023 3,19x
Nbr of Employees 24 000
Free-Float 92,3%
Chart INTERNATIONAL FLAVORS & FRAGRANCES INC.
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International Flavors & Fragrances Inc. Technical Analysis Chart | IFF | US4595061015 | MarketScreener
Technical analysis trends INTERNATIONAL FLAVORS & FRAGRANCES INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 127,96 $
Average target price 154,44 $
Spread / Average Target 20,7%
EPS Revisions
Managers and Directors
Franklin K. Clyburn Chief Executive Officer & Director
Glenn Robert Richter Chief Financial Officer & Executive Vice President
Dale F. Morrison Non-Executive Chairman
Gregory Yep Chief Research & Development Officer
Vic Verma Chief Information Officer & Executive VP