Press release from Business Wire
IFF Shareholders Elect Christina Gold to Board of Directors; IFF Declares Dividend for Second Quarter 2013
Tuesday, April 30, 2013
IFF Shareholders Elect Christina Gold to Board of Directors; IFF Declares Dividend for Second Quarter 201314:41 EDT Tuesday, April 30, 2013
NEW YORK (Business Wire) -- International Flavors & Fragrances Inc. (NYSE: IFF), a leading global creator of flavors and fragrances for consumer products, today announced that its shareholders have elected Christina Gold, former chief executive officer of The Western Union Company, to its Board of Directors at the Company's 2013 Annual Meeting of Shareholders held today.
The Company also announced that its Board of Directors has declared a regular quarterly cash dividend of $0.34 per share of the Company's common stock, payable on July 11, 2013 to shareholders of record as of June 27, 2013.
The election of Ms. Gold brings the total number of directors on IFF's Board to twelve, including all incumbent directors who were re-elected at today's Annual Meeting.
"Christina brings to our Board extensive international and domestic experience, as well as insight and familiarity with our customer base,” said Doug Tough, IFF's Chairman and CEO. “Her wide-ranging global leadership skills and financial and communications experience will be invaluable to IFF as we continue to expand our geographic footprint.”
Ms. Gold served as Chief Executive Officer, President and a director of The Western Union Company, a leading company in global money transfer, from 2006 to 2010, and served as President of Western Union Financial Services, Inc. and Senior Executive Vice President of First Data Corporation, former parent company of The Western Union Company, from 2002 to 2006. Prior to joining First Data Corporation, Ms. Gold held executive positions with Excel Communications, a former telecommunications and e-commerce services provider, and Beaconsfield Group, Inc., a direct selling advisory firm that she founded. Prior to founding The Beaconsfield Group, from 1970 to 1998, Ms. Gold held a number of key positions with Avon Products, Inc., a leading global beauty company, including Executive Vice President, Global Direct Selling Development, Senior Vice President and President of Avon North America, and Senior Vice President and CEO of Avon, Canada.
Ms. Gold is currently a director of ITT Corporation, New York Life Insurance and Exelis, Inc. She also sits on the board of Safe Water Network, a non-profit organization.
International Flavors & Fragrances Inc. (NYSE: IFF), is a leading global creator of flavors and fragrances used in a wide variety of consumer products and packaged goods. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents and household goods, as well as beverages, confectionery and food products. The Company leverages its competitive advantages of consumer insight, research and development, creative expertise, and customer intimacy to provide customers with innovative and differentiated product offerings. A member of the S&P 500 Index, IFF has more than 5,700 employees working in 32 countries worldwide. For more information, please visit our website at www.iff.com.
International Flavors & Fragrances Inc.
Shelley Young, 212-708-7271
Director, Investor Relations