IFF Inc. announced Doug Tough will be stepping down as chief executive officer.
New York/Business Wire -- IFF Inc., a global creator of flavors and fragrances used in an array of consumer products, announced that Doug Tough will be stepping down as chief executive officer, effective September 1, 2014. The company’s board of directors has selected Andreas Fibig, a member of IFF’s board of directors since 2011, to succeed Tough as of that date. Tough will continue to serve as chairman of IFF’s board of directors after September 1 for a period to be determined. At such time, Fibig will assume the additional role of chairman of the board.
Fibig has experience overseeing an international business portfolio and expertise in emerging markets. Since 2008, he has served as president and chairman of the board of management of Bayer HealthCare Pharmaceuticals, the pharmaceutical division of Bayer AG. Prior to joining Bayer, Fibig held a number of positions of increasing responsibility at Pfizer Inc., including as senior vice president in the US Pharmaceutical Operations group and as president, Latin America, Africa and Middle East. He also held positions with Pharmacia GmbH and Boehringer Ingelheim GmbH.