IFF Approves $2.45 Million in Executive Awards Tied to Food Ingredients Sale

On November 2, 2026, IFF approved transaction incentive awards totaling $2.45 million for four named executives in connection with its previously announced sale of the Food Ingredients business. CEO J. Erik Fyrwald received $700,000 in three-year vesting RSUs, while CFO Michael DeVeau, Health & Biosciences President Leticia Gonçalves Lourenço, and Taste President Yuvraj Arora received cash awards of $700,000, $700,000, and $350,000, respectively; none will be paid or vest unless the transaction closes, and the cash awards also require continued employment through payment three months after closing.