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International Flavors & Fragrances Inc. (IFF) said Doug Tough will be stepping down as CEO, effective Sept. 1, 2014. Andreas Fibig, a member of IFF’s board of directors since 2011, will succeed as of that date.
Tough will continue to serve as chairman of IFF’s board after Sept. 1 for a period to be determined. At such time, Fibig will assume the additional role of chairman of the board. Since 2008, Fibig has served as president and chairman of the board of management of Bayer HealthCare Pharmaceuticals, the pharmaceutical division of Bayer AG.
Tough joined the IFF Board in 2008 and served as non-executive chairman from October 2009 until he became CEO. Prior to joining Ansell, Tough worked 17 years for Cadbury Schweppes Plc.