Givaudan announced that in line with its longterm succession planning, Chairman Dr. Jürg Witmer has informed the board of directors of his intention to retire as Chairman and member of the board at the Annual General Meeting on 23 March 2017. The board will propose at the AGM to elect the current ViceChairman Calvin Grieder as its new Chairman and intends to appoint Prof. DrIng Werner Bauer as new ViceChairman. Calvin Grieder joined Givaudan's Board of Directors in 2014 and was nominated ViceChairman in 2016.

Dr. Jürg Witmer has overseen significant milestones in the growth of Givaudan since he joined the Company as CEO and Board member in May 1999. The company announced the appointment of Tom Hallam, currently Head of Group Controlling & Business Development, as Chief Financial Officer (CFO) effective January 2017. He succeeds Matthias Währen, who will retire as CFO on 31 December 2016.

To ensure a smooth transition, Matthias Währen will remain at the company until July 2017 to provide management advice and support on some strategic projects. Tom Hallam joined the company as Head of Group Controlling in 2008 following a successful career at Serono. He will become Chief Financial Officer and a member of the Givaudan Executive Committee effective January 2017.