Posted: 04/04/2025 03:38 am
A retrospective analysis paints a vivid picture of fluctuating executive compensation at IFF. Jennifer Johnson, serving as Executive Vice President, General Counsel, and Corporate Secretary in 2024, recorded a total compensation of approximately $3.08 million. Her salary accounted for a substantial portion, augmented significantly by stock awards and incentive plans, but no bonus or option awards were reported. This strategy underscores IFF’s emphasis on performance-linked incentives and stock-based compensation, aligning executive interests with long-term shareholder value.[^1]
Comparatively, Glenn Richter received about $3.67 million in 2023 during his tenure as Executive Vice President, Chief Financial and Business Transformation Officer. Richter's substantial stock awards share, paired with his base salary, highlights IFF’s reliance on equity as a key component of executive remuneration, accentuating the company's strategy of marrying compensation to strategic growth objectives and financial stewardship.[^2] The contrast in base salaries between Richter and Johnson further signals a potential recalibration of compensation based on role-specific demands and external market conditions.
Meanwhile, the former Chair and CEO, Andreas Fibig, observed a stark decline in compensation from $11.8 million in 2022 to $7.62 million in 2019. This variation largely stems from the “all other compensation” category, including severance or contractual payouts post-departure.[^3][^4] The absence of stock or option awards in his final year emphasizes the tightrope IFF has been walking in circumscribing executive packages amid shifting performance pressures, profitability metrics, and investor expectations.
Simultaneously, broader marketplace dynamics are influencing IFF's financial narrative. Despite posting a $11.5 billion revenue in 2024, bolstered by a solid operating EBITDA margin of 19.2%, the stock has dipped by 24% over six months, reflecting amplified market volatility and environmental stressors like high costs and declining food ingredient volumes.[^5][^6] Nonetheless, the company exceeded its revenue estimates in the fourth quarter of 2024, indicating sustained resilience and strategic agility.[^7]
Yet, the stock’s performance trajectory is emblematic of a broader tension between market sentiment and fundamental performance, with a P/E ratio of 80.47 and stock currently hovering around $76.45.[^8] As IFF gears up for future earnings announcements, the spotlight will likely remain on how its compensation frameworks evolve, adapting to new strategic imperatives and a resolutely fluctuating market backdrop.
[^1]: [2024 Compensation Details for Jennifer Johnson, SEC Filing](https://www.sec.gov/Archives/edgar/data/51253/000114036125009165/0001140361-25-009165-index.htm)
[^2]: [2023 Compensation Details for Glenn Richter, SEC Filing](https://www.sec.gov/Archives/edgar/data/51253/000114036124014498/0001140361-24-014498-index.htm)
[^3]: [2022 Compensation Details for Andreas Fibig, SEC Filing](https://www.sec.gov/Archives/edgar/data/51253/000119312523077257/0001193125-23-077257-index.htm)
[^4]: [2019 Compensation Details for Andreas Fibig, SEC Filing](https://www.sec.gov/Archives/edgar/data/51253/000119312522084681/0001193125-22-084681-index.htm)
[^5]: [IFF Reports Fourth Quarter and Full Year 2024 Results, Business Wire](https://www.businesswire.com)
[^6]: [International Flavors Stock Dips 24% in 6 Months, Zacks](https://www.zacks.com/stock/news/2434365/international-flavors-stock-dips-24-in-6-months-will-it-bounce-back?cid=CS-STOCKNEWSAPI-FT-analyst_blog|price_surge_/plunge-2434365)
[^7]: [International Flavors Q4 Earnings Beat Estimates, Zacks](https://www.zacks.com/stock/news/2418040/international-flavors-q4-earnings-beat-estimates-sales-rise-y-y?cid=CS-STOCKNEWSAPI-FT-analyst_blog|earnings_article-2418040)
[^8]: [International Flavors & Fragrances Inc. Current Price Snapshot, Market Data]
