USA — IFF has appointed, Frank Clyburn, currently executive vice president and president of human health for Merck & Co., as Chief Executive Officer and a member of the IFF Board of Directors, effective February 14, 2022.
Clyburn will succeed Andres Fibig who is retiring after serving the flavor and fragrances giant as Chairman and Chief Executive Officer since 2014.
The New York-based flavour and fragrances company also announced that it is separating the roles of chairman and CEO.
Dale Morrison, a director, will become non-executive chairman of the board of directors once Fibig retires on Feb 14.
“Frank is the best executive to lead IFF into its next chapter at the pace we need,” Mr. Morrison said.
“His strong operating experience plus his hands-on approach and customer-centric perspective will accelerate the execution of IFF’s strategic and operating priorities.”
Mr. Clyburn served on the board of directors of DuPont from June 1, 2019, to Jan. 20, 2022, which makes him familiar with the merger between IFF and DuPont’s Nutrition & Biosciences business that was completed in 2021.
“Frank joins IFF at a time when there are significant value creation opportunities ahead of us,” said Ed Breen, a director for IFF.
“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.”
Mr. Clyburn joined Merck in 2008 leading its Biologics business. As vice president and president of human health he had a profit-and-loss responsibility for nearly 90% of Merck’s $48 billion business.
He also was president of the Primary Care and Women’s Health businesses, president of the Global Oncology business, and chief commercial officer.
Before joining Merck, he was vice president of the Oncology and Internal Medicine business units at Sanofi Aventis.
“This is an iconic company and industry leader with tremendous opportunity to deliver outstanding customer experience and long-term, sustainable growth,” Mr. Clyburn said of IFF.
“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.”
Andreas Fibig expressed his pleasure to welcome Frank into the Chief Executive role adding that he joins IFF at a time when it was delivering its full year 2021 financial goals.
“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.”
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