International Flavors & Fragrances Inc. Appoints Gregory Yep as Executive Vice President, Chief Global Scientific & Sustainability Officer, Effective June 20, 2016
June 09, 2016 at 09:15 pm
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International Flavors & Fragrances Inc. has appointed Dr. Gregory Yep to the role of Executive Vice President, Chief Global Scientific & Sustainability Officer, effective June 20th, 2016. In this position, Dr. Yep has responsibility for the leadership and development of the Company's global R&D strategy. He will lead the Company’s efforts in innovation, technological development and external collaborations, furthering IFF’s legacy of pioneering firsts. In addition, he will have responsibility for the Company’s global sustainability efforts, a key enabler of its Vision 2020 business strategy. Dr. Yep was most recently SVP of RD&A at The Kerry Group, responsible for creating strategy and implementation of technical platforms in the taste and nutrition, food and beverage and the biotechnology industry. Previously, he held the role of Senior Vice President of R&D at PepsiCo, where he created long-term science-based strategies for core ingredients and their impact on food, flavor, metabolism and nutrition and was also responsible for the Gatorade Sports Science Institute (GSSI).
International Flavors & Fragrances Inc. is one of the world leaders in designing, producing and marketing food, flavor, fragrance and pharmaceutical ingredients. Net sales break down by product family as follows:
- flavor ingredients (54.9%): primarily for the food industry (manufacturing of dairy products, beverages, prepared meals, confectionery products, etc.);
- natural, nutritional and health ingredients (18.8%): food cultures and enzymes, probiotics and specialized ingredients for the manufacturing of food supplements, functional foods and beverages, personal and household care products, animal nutrition products, etc.;
- fragrance compounds (18.5%): primarily for the manufacturing of cosmetics (deodorants, hair care products, etc.) and cleaning products (detergents, soaps, softeners, etc.);
- pharmaceutical excipients (7.8%): cellulosics and seaweed-based pharma excipients used mainly in the manufacturing of pharmaceutical products and food supplements.
At the end of 2022, the group has approximately 220 manufacturing sites in the world.
Net sales are distributed geographically as follows: North America (31%), Europe/Africa/Middle East (33.9%), Asia (23.1%) and Latin America (12%).
International Flavors & Fragrances Inc. Appoints Gregory Yep as Executive Vice President, Chief Global Scientific & Sustainability Officer, Effective June 20, 2016