IFF Director and CEO Purchase $16 Million in Company Shares

On March 12, Paul J. Fribourg, a member of the board of International Flavors & Fragrances Inc. (“IFF”), purchased 14,200 shares of the company’s common stock on the open market and indirectly acquired 142,000 shares through Continental Grain Company, investing approximately $11 million (around 150 billion Korean won at KRW 1,350 per dollar). On March 12 and 13, CEO J. Erik Fyrwald also bought an additional 14,260 shares on the open market, investing about $990,000 (roughly 1.3 billion won). As a result, Fyrwald’s direct holdings now total 91,630 shares, with his indirect holdings through family trusts also disclosed. According to the filings, Fribourg’s combined direct and primary indirect stake is valued at approximately $173 million (about 230 billion won) at current market prices, and certain trusts and foundation accounts disclaim beneficial ownership beyond their economic interest.

In its fourth-quarter and full-year 2025 financial results announced on February 11, IFF reported a net loss of about $374 million, driven by a $1.15 billion impairment charge in its Food Ingredients business, and has officially launched a divestiture process for that division. At the CAGNY 2026 conference, the company reaffirmed its strategy to reshape its portfolio toward high-value fragrance & flavor and Health & Bioscience businesses, targeting revenue of $10.5–$10.8 billion and improved margins in 2026.

IFF, listed on the New York Stock Exchange, is a leading U.S. supplier of flavors, fragrances, enzymes, and probiotics to food and beverage, perfume, and personal care companies worldwide. Erik Fyrwald has served as IFF’s CEO and director since February 2024. Paul J. Fribourg, CEO of Continental Grain Company (now ContiGroup Companies), sits on IFF’s board, advising on portfolio strategy and key transactions.