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IFF announced that Glenn Richter, the Chief Financial and Business Transformation Officer, will retire on Dec. 31, 2024, after three years with the company. The succession process has started to find a new CFO. Richter's contributions in improving the balance sheet and driving financial success were highlighted by Erik Fyrwald, IFF CEO.
IFF reported financial results for the first quarter of 2024, showing a decrease in net sales but an improvement in adjusted operating EBITDA. The company's CEO mentioned a good start to the year with volume growth and productivity gains, along with important strategic steps taken to optimize the portfolio. Despite uncertainty, the company expects results to trend towards the higher end of its guidance ranges for the year.
IFF will showcase its comprehensive clean-label portfolio at Vitafoods Europe 2024, focusing on plant-based solutions for supplements and OTC drugs. The company aims to address rising demand for clean-label products through innovative solutions. IFF Health will also highlight offerings for women's health and skin health, emphasizing the Healthy Aging campaign.
IFF (NYSE: IFF) announced a regular quarterly cash dividend of $0.40 per share of its common stock, payable on July 10, 2024 to shareholders of record as of June 21, 2024. The company is a leader in food, beverage, scent, health, and biosciences, providing essential solutions for a better world through science and creativity.
At Excipient World 2024, IFF's Pharma Solutions division will showcase science-backed low nitrite excipients for pharmaceutical manufacturers. These solutions aim to mitigate nitrosamine risk and enhance patient outcomes. With expertise in cellulosic excipients, IFF's Avicel® PH LN and METHOCEL™ range are proven to reduce nitrosamines. Attendees can explore regulatory compliance, quality, and product innovation benefits of IFF's excipients.
