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MarketScreener Homepage  >  Equities  >  Nyse  >  International Flavors & Fragrances Inc.    IFF

INTERNATIONAL FLAVORS & FRAGRANCES INC.

(IFF)
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International Flavors & Fragrances : Shoji Kumasaka Named IFF Master Perfumer, Celebrated for Contributions to Perfumery

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05/07/2020 | 06:02am EDT

Regulatory News:

IFF, (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), a leading innovator of taste, scent, and nutrition & ingredients, named Shoji Kumasaka Master Perfumer. The Company’s designation recognizes perfumers who have demonstrated consistent and outstanding levels of creativity and craftsmanship in the art of perfumery, and exceptional leadership in and measurable impact on the industry. Mr. Kumasaka, a nearly 50-year IFF veteran and its seventh Master Perfumer, has a storied career with success within hair care and personal care with wins that span the globe.

“Kumasaka-san embodies everything that is wonderful about IFF,” said Andreas Fibig, Chairman & CEO, IFF. “His commitment to his art, delivering beautiful fragrances to consumers all over the world, and sharing his knowledge with the next generation of perfumers are just some of the reasons he is treasured at IFF. And at a time of such uncertainty, it is a genuine pleasure to celebrate something so enduring.”

Born in Fukushima, Japan, Mr. Kumasaka was influenced at an early age by ancient Japanese literature. As a teenager, he read Tale of the Genji, written in the early 11th century. He became fascinated with the descriptions of how the aristocracy loved the smell of burning incense, and his lifelong passion for scent began. After college, he joined a Japanese fragrance house, starting his basic training in perfumery. In 1971, he joined IFF and studied with the Company’s legendary perfumer, Ernest Shiftan, before returning to Japan and focusing on hair care and personal wash.

Mr. Kumasaka said, “I have worked for IFF for 49 years. In that time, I have been so lucky to work at a job that I have loved for my whole life. I have been fortunate enough to train with Mr. Shiftan, my great mentor and benefactor. I have been able to travel and work globally, meet so many wonderful colleagues, and share what I have learned with young perfumers.” He continued, “When people ask me my philosophy of perfumery, I tell them what has guided me all my life: Simple is best.”

Nicolas Mirzayantz, IFF Divisional CEO, Scent, offered, “For nearly 50 years, Kumasaka-san has learned and shared great wisdom that benefits everyone in his sphere. As one of Mr. Shiftan’s apprentices, he is part of the storied continuum of passion and creativity that has been part of IFF from the start. His creations over the course of his career are part of the olfactive tapestry of consumers around the world. And his mentees will shepherd this knowledge and wisdom well into the future. I am so proud to count Kumasaka-san as one of IFF’s Master Perfumers!”

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Welcome to IFF

At IFF (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), we’re using Uncommon Sense to create what the world needs. As a collective of unconventional thinkers and creators, we put science and artistry to work to create unique and unexpected scents, tastes, experiences and ingredients for the products our world craves. Learn more at iff.com, Twitter , Facebook, Instagram, and LinkedIn.


© Business Wire 2020
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Financials (USD)
Sales 2020 5 123 M - -
Net income 2020 485 M - -
Net Debt 2020 3 647 M - -
P/E ratio 2020 30,2x
Yield 2020 2,42%
Capitalization 13 268 M 13 268 M -
EV / Sales 2019
EV / Sales 2020 3,30x
Nbr of Employees 13 668
Free-Float 82,9%
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Mean consensus HOLD
Number of Analysts 16
Average target price 132,83 $
Last Close Price 124,17 $
Spread / Highest target 25,6%
Spread / Average Target 6,97%
Spread / Lowest Target -16,2%
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Managers
NameTitle
Andreas Fibig Chairman & Chief Executive Officer
Francisco Fortanet Executive Vice President-Operations
Rustom F. Jilla Chief Financial Officer & Executive Vice President
Gregory Yep Chief Global Scientific & Sustainability Officer
Vic Verma Chief Information Officer & Senior Vice President