IFF Announces Continuation of Cooperation Agreement with Icahn Capital
06 November 2023 - 10:15PM
Business Wire
IFF (NYSE: IFF) today announced the continuation of the
cooperation agreement with Icahn Capital LP and its affiliates.
Icahn Capital and IFF have agreed to renominate one Icahn director
and one mutually agreed director to the IFF board for the 2024
proxy season.
“The Icahn Group’s relationship with IFF has brought relevant
market experience to and enhanced the financial expertise of the
IFF Board. We are pleased to continue to benefit from their
expertise as we execute our growth and transformation plan to drive
increased shareholder value,” said Roger Ferguson, chairman of
IFF’s Board of Directors.
“I believe the IFF Board and management team are poised to
capture further value for shareholders as they continue on their
strategic transformation to optimize the portfolio,” said Carl
Icahn, CEO of Icahn Capital.
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At IFF (NYSE: IFF), an industry leader in food, beverage, scent,
health and biosciences, science and creativity meet to create
essential solutions for a better world – from global icons to
unexpected innovations and experiences. With the beauty of art and
the precision of science, we are an international collective of
thinkers who partners with customers to bring scents, tastes,
experiences, ingredients and solutions for products the world
craves. Together, we will do more good for people and planet. Learn
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Registered Trademark. All Rights Reserved.
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