Gina Drosos joins IFF board with extensive leadership experience

NEW YORK - International Flavors & Fragrances Inc. (NYSE: IFF), a major player in the creation of flavors, fragrances, and other sensory ingredients, has announced the addition of Gina Drosos to its board of directors, effective June 16. Drosos is recognized for her more than three decades of leadership in various consumer-focused industries including retail, beauty, and healthcare.

Drosos’s most recent role was as the CEO and a director of Signet Jewelers Ltd. (NYSE: SIG), where she served from August 2017 to November 2024. Her leadership is credited with driving a substantial transformation at Signet, particularly through the expansion of digital capabilities and customer experience improvements. Her career also includes a 25-year tenure at Procter & Gamble (NYSE: PG), where she held the position of group president for global beauty, skin, cosmetics, and personal care divisions.

In addition to her new role at IFF, Drosos serves on the boards of Foot Locker Inc. and the United States Golf Association. She has previously been a board member for American Financial Group, Inc., contributing to their audit and governance committees.

Kevin O’Byrne, IFF’s board chair, expressed enthusiasm about Drosos’s appointment, highlighting her track record in driving innovation and her commitment to purposeful leadership. Drosos herself remarked on the alignment of her values with IFF’s focus on innovation, sustainability, and purpose-driven growth.

This strategic appointment comes at a time when IFF is positioning itself to further its impact as a global leader in sectors such as food and beverage, home and personal care, and health and wellness solutions. With annual revenue of $11.4 billion and an EBITDA of $1.8 billion in the last twelve months, the company maintains a strong market presence despite current profitability challenges. The company is known for its dedication to science, creativity, and sustainable innovation aimed at enhancing the human experience through sensory advancements.

The information regarding Gina Drosos’s appointment is based on a press release statement from International Flavors & Fragrances Inc.

In other recent news, International Flavors & Fragrances (IFF) reported several significant developments that are of interest to investors. The company completed the sale of its nitrocellulose division to Czechoslovak Group, a strategic move aimed at reducing debt and focusing on core business areas. This divestiture aligns with IFF’s broader efforts to enhance its position in the flavors, fragrances, and biosciences sectors. Furthermore, IFF’s recent earnings performance has drawn attention, with BofA Securities raising its price target to $92 and maintaining a Buy rating, acknowledging the company’s strong first-quarter results and organic growth projections.

Analyst opinions have varied, with UBS maintaining a Neutral rating and a price target of $83, citing concerns about growth compared to peers. In contrast, Tigress Financial initiated coverage with a Buy rating and a $105 price target, highlighting IFF’s strategic positioning for long-term growth. Oppenheimer also reaffirmed an Outperform rating with an $89 target, emphasizing the company’s recovery and reinvestment in growth.

The company’s recent strategic actions, including the separation of its Food Ingredients business from its Taste segment, have allowed for more focused analysis and potential growth opportunities. These developments reflect IFF’s ongoing efforts to optimize its business and leverage industry trends, positioning itself for future success.

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