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4-Traders Homepage  >  Equities  >  Nyse  >  International Flavors & Fragrances Inc    IFF

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International Flavors & Fragrances Inc. : IFF Appoints Francisco Fortanet Senior Vice President, Operations

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02/27/2012 | 10:20pm CET

International Flavors & Fragrances Inc. (NYSE: IFF), a leading global creator of flavors and fragrances for consumer products, today appointed Francisco Fortanet Senior Vice President, Operations, effective immediately. In this role, Mr. Fortanet will have broad-scale responsibilities for IFF's global operations ranging from procurement through outbound logistics.

"Francisco's deep institutional and manufacturing knowledge, experience in both the flavors and fragrances businesses, and substantial international experience makes him well-suited for his new role," said IFF Chairman and Chief Executive Officer Doug Tough. "He will continue to bring tremendous value to IFF by ensuring that the operational elements of our business support our strategic efforts in the emerging markets, innovation and the overall profitability improvement of our portfolio."

Mr. Fortanet's career with IFF began in 1995 as Plant Manager in Mexico and he has served in roles of increasing scope and responsibility over the years. Most recently, he was Vice President, Global Manufacturing Compounding. Earlier roles included Regional Director of North America Operations, Project Manager in Ireland, and Plant Manager in Hazlet, New Jersey. He holds a degree in Industrial and Systems Engineering from Instituto Tecnológico y de Estudios Superiores de Monterrey in Cuernavaca, Mexico. Mr. Fortanet will be based in IFF's Hilversum, The Netherlands facility.

About IFF

International Flavors & Fragrances Inc. (NYSE: IFF) is a leading global creator of flavors and fragrances used in a wide variety of consumer products. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents and household goods, as well as beverages, confectionery and food products. The Company leverages its competitive advantages of consumer insight, research and development, creative expertise, and customer intimacy to provide customers with innovative and differentiated product offerings. A member of the S&P 500 Index, IFF has more than 5,500 employees working in 33 countries worldwide. For more information, please visit our website at www.iff.com.

International Flavors & Fragrances Inc.
Investor Relations:
Michael DeVeau, 212-708-7164
Flavors Communications:
Carol Brys, 212-708-7121
Fragrances Communications:
Denise Gillen, 212-515-7308


© Business Wire 2012
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Financials ($)
Sales 2016 3 111 M
EBIT 2016 619 M
Net income 2016 427 M
Debt 2016 1 023 M
Yield 2016 2,01%
P/E ratio 2016 22,01
P/E ratio 2017 19,93
EV / Sales 2016 3,31x
EV / Sales 2017 3,11x
Capitalization 9 277 M
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 131 $
Spread / Average Target 12%
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Managers
NameTitle
Andreas Fibig Chairman & Chief Executive Officer
Francisco Fortanet Executive Vice President-Operations
Richard A. O’Leary Chief Financial Officer & Executive Vice President
Gregory Yep Chief Global Scientific & Sustainability Officer
Henry W. Howell Independent Director
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