leadership
confidence high
sentiment neutral
materiality 0.60
IFF CFO Rustom Jilla to depart Oct 30; Glenn Richter named successor effective Sept 27
INTERNATIONAL FLAVORS & FRAGRANCES INC
- Rustom Jilla's departure treated as qualifying event under executive severance policy.
- Glenn Richter appointed EVP, CFO effective Sept 27, 2021; previously CFO at TIAA.
- Richter receives base salary $750k, 90% bonus target, prorated LTIP grant of $938k.
- One-time sign-on RSU grant of $5,000,000 approved by Compensation Committee.
- Normal 2022 LTIP target grant date fair value set at $2,200,000.