IFF and DuPont N&B have identified an executive committee for the combined company that draws upon the unique talent and experience of both organizations. The parties continue to expect that the transaction will be completed in the first quarter 2021.
Chairman and Chief Executive Officer
Andreas Fibig joined IFF’s Board in 2011 and has served as Chairman and Chief Executive Officer since 2014, where he has overseen the organization’s transformational strategy and industry-leading sustainability efforts. Mr. Fibig will continue to serve in this role for the combined company.
Previously, he served as President and Chairman of the Board of Management of Bayer HealthCare Pharmaceuticals, the pharmaceutical division of Bayer AG, from September 2008 to September 2014. Prior to that role, Mr. Fibig held a number of positions of increasing responsibility at Pfizer Inc., a research-based pharmaceutical company, including Senior Vice President of the US Pharmaceutical Operations group from 2007 through 2008 and President, Latin America, Africa and Middle East from 2006 through 2007. Mr. Fibig’s prior work experience with various pharmaceutical companies has provided him with extensive experience in international business, product development and strategic planning, which are directly translatable to his work as our Chairman and CEO.
Mr. Fibig was appointed to the board of Bunge Limited in September of 2016 where he served through 2018. Currently, Mr. Fibig is chairman of the German American Chamber of Commerce, Inc. New York, a position he has held since May 2018, and has been a board member of Novo Nordisk since March 2018.
Executive Vice President, Chief Financial Officer
Rustom Jilla has served as IFF’s Executive Vice President, Chief Financial Officer since January 2020. He brings deep experience in leading global financial organizations and will continue to serve in this role for the combined company.
Prior to joining IFF, Mr. Jilla was Executive Vice President and Chief Financial Officer of MSC Industrial Supply Co. from July 2015 to January 2020. Previously, he was the CFO for Dematic Group, a global provider of warehouse logistics and inventory management solutions, from April 2013 to September 2014, and prior to that, CFO of Ansell Limited, an Australian-listed global leader in protective solutions from September 2002 to April 2013.
Earlier in his career, he held a number of positions at PerkinElmer Inc. and The BOC Group, a public multinational industrial gas company. Mr. Jilla began his career in auditing with PricewaterhouseCoopers LLP.
Mr. Jilla received an MBA in finance and corporate policy & management from the Wharton School of Business at the University of Pennsylvania, and a bachelor’s degree in commerce from the University of Sri Jayewardenepura in Sri Lanka. He is also a Chartered Accountant (Sri Lanka) and Chartered Management Accountant (United Kingdom).
President, Taste, Food & Beverage
Kathy Fortmann will be President, Taste, Food & Beverage of the combined company, where she will oversee the division’s strategy and commercial and creative execution. The division will comprise IFF’s Taste offering, including flavor compounds and natural taste solutions, along with N&B’s food and beverage portfolio, which includes natural and plant-based specialty food ingredients such as Functional Solutions, Protein Solutions and Emulsifiers & Sweeteners.
In August 2020, Ms. Fortmann was named Divisional CEO, Taste for IFF, a role that will take effect on October 1. She joined IFF in April 2020 as Head of Taste Strategy and Cross-fertilization, where she plays a key role preparing for a seamless integration of the two organizations. Ms. Fortmann has more than 30 years of industry experience and a proven track record of growth and innovation at global food and ingredients companies.
Prior to joining IFF, Ms. Fortmann served as President of FrieslandCampina Ingredients, a multi-billion-dollar food ingredients business. Earlier in her career, she was President of Business Services and a member of the Executive Committee at Cargill and held various positions with DuPont.
She holds a bachelor’s degree in chemical engineering from the University of Tulsa and an MBA from Washington University in St. Louis.
Nicolas Mirzayantz will continue to lead the Scent division of the combined company as President, Scent. The division is composed of IFF’s Fine Fragrance, Consumer Fragrance, Cosmetic Actives segments, as well as natural and synthetic ingredients. He was appointed to lead the Fragrances business (now Scent) in 2006 and is responsible for driving the business’ strategy and financial execution. Mr. Mirzayantz’s career at IFF spans more than 30 years.
Prior to his current position, he held the dual roles of Senior Vice President for IFF’s Fine Fragrances & Beauty Care unit, and North America Regional Manager. He was responsible for IFF’s Global Fine Fragrances Group, including Beauty Care, as well as the general management of the business development and operations activities in North America, including flavors and fragrances. Additionally, he oversaw the integration and development of IFF’s Creative Centers in New York and Paris.
Mr. Mirzayantz serves on the board of the International Fragrance Association (IFRA), the official representative body of the fragrance industry worldwide. He is also a board member of the Industry Advisory Board for the Fashion Institute of Technology (FIT) Master’s Program. He holds a Master of Economics from the University of Paris II ASSAS and completed the International Executive Program at INSEAD in Fontainebleau in 1998 and the Executive Program at Singularity University in Palo Alto, California in 2018.
President, Health & Biosciences
Simon Herriott will lead the Health & Biosciences division of the combined company as President, Health & Biosciences. This division will contain N&B’s current Health & Biosciences business along with IFF’s legacy Health Ingredients and parts of Natural Products Solutions. This division’s portfolio will include sustainable, clean label and high-performance solutions such as Probiotics, HMO, Fibers; Cultures, Food Enzymes; Home & Personal Care; Animal Nutrition; Biorefineries and Microbial Control.
Since 2019, Mr. Herriott has served as Platform Leader, Health & Biosciences for N&B. He has driven top-line growth and operational effectiveness through innovation and supply chain development.
In a 16-year career with DuPont, Mr. Herriott has held various leadership positions including in Industrial Biosciences Sustainable Solutions and Chemical Solutions businesses. During his career, he also held multiple roles at ICI, Zeneca and Avecia Inc. in Europe, Asia and North America
He holds a bachelor’s degree in Geology/Geography and International Masters in Practicing Management from McGill University.
President, Pharma Solutions
Angela Strzelecki will lead the Pharma Solutions division of the combined company as President, Pharma Solutions. This division will include N&B’s leading portfolio of functional excipients for pharma and dietary supplements and will provide specific solutions such as controlled and immediate release dosage formats, soft and hard capsules and alginates for anti-reflux applications. She currently serves as Platform Leader, Pharma Solutions for N&B. She was appointed in 2019 and is responsible for developing and executing the organization’s structure, business processes and strategic direction.
Over a nearly 30-year career with DuPont, Dr. Strzelecki has held a variety of leadership positions across the company, including in Nutrition and Health, Corporate M&A, Titanium Technologies, Building Innovations, Corporate Strategy and Performance Coatings.
Dr. Strzelecki holds a bachelor’s degree in Chemistry from King’s College, as well as a Ph.D. in Chemistry from The Pennsylvania State University.
Executive Vice President, Chief Research & Development and Global Integrated Solutions Officer
Dr. Gregory Yep will be Executive Vice President, Chief Research & Development and Global Integrated Solutions Officer of the combined company, where he will lead the company’s new Integrated Solutions Center of Excellence and focus on incubating new business opportunities, cross-selling and product development. He currently serves as Executive Vice President, Chief Global Scientific & Sustainability Officer at IFF. He was appointed to this position in 2016 and is responsible for guiding the global R&D strategy, leading and developing IFF’s efforts in innovation, technological development and external collaborations, furthering IFF’s legacy of pioneering firsts. He is also responsible for the company’s global sustainability efforts.
Prior to joining IFF, Dr. Yep held the position of Senior Vice President of Research, Development & Applications with The Kerry Group, where he was responsible for strategy creation and implementation of technical platforms in the taste and nutrition, food and beverage and the biotechnology industry. Previously, he held the role of Senior Vice President of R&D at PepsiCo, where he created long-term science-based strategies for core ingredients and their impact on food, flavor, metabolism and nutrition.
Dr. Yep holds a bachelor’s degree in biology and chemistry from the University of Pennsylvania and worked as a researcher in the University’s Smell and Taste Center. He also holds a master’s degree and a Ph.D. in organic chemistry from The Johns Hopkins University.
Senior Vice President, Commercial Excellence
Greg Soutendijk will be Senior Vice President, Commercial Excellence of the combined company, where he will lead the company’s new Center for Commercial Excellence and oversee the company’s business and commercial teams through development of best practices, customer insights analysis, resource deployment and the optimization of pricing strategies and solutions. He currently serves as Head of Corporate Development at IFF. He was appointed to this position in 2015 and focuses on developing and executing IFF’s transformational strategy. He was responsible for IFF’s expansion into Nutrition and High Value Specialty Ingredients including through M&A.
Prior to his current role, Mr. Soutendijk led IFF’s Asian Fragrance business for nine years and worked in investment banking at Credit Suisse and Donaldson Lufkin & Jenrette.
He holds a bachelor’s degree from Boston University and an MBA from Northwestern University, Kellogg School of Management.
Executive Vice President, General Counsel
Jennifer Johnson will be Executive Vice President, General Counsel of the combined company. She currently serves as Associate General Counsel at N&B, leading its legal department. She was appointed to this position in 2019 and has driven critical litigation wins, significant changes to N&B’s patent strategy and complex M&A transactions.
Dr. Johnson joined the DuPont legal team in 2013 and has served as Associate General Counsel and Assistant Chief Intellectual Property Counsel for the company’s Industrial Biosciences division before joining N&B. Prior to DuPont, Johnson was a Partner at the law firm of Finnegan, Henderson, Farabow, Garrett & Dunner, L.L.P.
She holds a J.D. from the University of Washington and a Ph.D. in Plant Biology from University of California, Berkeley.
Susana Suarez Gonzalez
Executive Vice President, Chief Human Resources and Diversity & Inclusion Officer
Susana Suarez Gonzalez was appointed as IFF’s Executive Vice President, Chief Human Resource Officer in 2016 and will continue to serve in this role for the combined company. She is responsible for championing the growth and development of IFF people aligning HR to IFF’s business strategy while launching a solid D&I platform.
Prior to joining IFF, Dr. Suarez Gonzalez spent 25 years at Fluor Corporation, where she held leadership positions across several business groups and functions including construction, marketing, sales, project engineering and human resources. As Senior Vice President Global Operations, Human Resources with Fluor, she was responsible for the global execution of HR services as well as all corporate HR functions, encompassing global benefits, compensation, talent development, recruiting and human resources information systems.
She has published two books and authored or co-authored numerous industry articles. Dr. Suarez Gonzales holds an executive MBA from the IUDE University and a doctorate in psychology from the University of Oviedo in Spain where she graduated summa cum laude.
Executive Vice President, Global Operations Officer
Francisco Fortanet will be Executive Vice President, Global Operations Officer at the combined company. He has served as Executive Vice President, Operations at IFF since 2012 and has broad-scale responsibilities for IFF’s global operations ranging from procurement through manufacturing.
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.
Mr. Fortanet holds a degree in Industrial and Systems Engineering from Instituto Tecnológico y de Estudios Superiores de Monterrey in Cuernavaca, Mexico.
Executive Vice President, Chief Information Officer
Vic Verma will be Executive Vice President, Chief Information Officer (CIO) at the combined company. He has served IFF’s CIO since 2016. He is responsible for delivering on the company’s global information technology strategy, the digital technology transformation program and overseeing infrastructure, data, application delivery and end user services across the enterprise.
Before joining IFF, Mr. Verma served as Vice President of Global Infrastructure Operations at American Express from 2010 to 2016, where he was accountable for global infrastructure operations across the full breadth and lifecycle of technology products. Prior to that role, Mr. Verma held several leadership positions at American Express, as well as Vice President, Division CIO and management consulting roles with GlaxoSmithKline, Bristol Myers Squibb and PricewaterhouseCoopers.
Mr. Verma holds an MBA from The University of Southern California, a master’s degree in chemical engineering from Marshall University and a bachelor’s degree in biochemical engineering from Rutgers University. He currently sits on the advisory board at Rutgers University’s Center for Innovation Education.
Senior Vice President, Chief Investor Relations & Communications Officer
Michael DeVeau will be Senior Vice President, Chief Investor Relations & Communications Officer of the combined company, where he will lead the company’s investor engagement efforts, communications strategy, media relations, employee communications and corporate branding. He currently serves as VP, Investor Relations, Communications and Chief of Staff, where he has built a robust investor engagement and integrated corporate communications program, while managing IFF’s reputation management efforts and serving as a strategic advisor to IFF’s Chairman and CEO.
Since joining IFF in 2009 as head of investor relations, Mr. DeVeau has held various roles of increasing scope and responsibility in communications, finance and corporate strategy. Prior to joining IFF, he served in leadership positions in investor relations, finance and corporate development at PepsiCo. Mr. DeVeau began his career as an Equity Research Analyst at Citigroup Investment Research.
He has a bachelor’s from Fordham University and completed a Global Executive Leadership Program at INSEAD.
Senior Vice President, Finance & Corporate Strategy
Etienne Laurent will be Senior Vice President, Finance & Corporate Strategy of the combined company. He will lead enterprise-level business development and financial planning and analytics (FP&A) for each IFF division with analytics-driven insights and operations expertise, reporting to CFO Rustom Jilla for his financial planning and analysis responsibilities and Chairman and CEO Andreas Fibig for strategy. He currently serves as Finance Leader of N&B, appointed to this position in 2014, and leads the division’s finance function, acquisition and integration processes, and preparation for reporting and external communication and preparing for external reporting communication cycles.
Prior to this role, he held a variety of positions at DuPont including Regional CFO and Leader of Sourcing and Logistics in the EMEA region; Global Strategy and Planning Leader at DuPont’s Imaging Technologies; Global Leader of Color Communications; General Audit Leader; and multiple roles in Treasury, Controllership and FP&A.
Mr. Laurent has an MBA from Northeastern University.