International Flavors & Fragrances management check
IFF · Materials · Specialty Chemicals · CEO J Erik Fyrwald
Filings as of
1 good · 3 to watch · 2 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $71, against $110 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.13 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- Watch
Do they own the stock?
CEO stake ≈ 0.6 years of payThe CEO holds 117,439 shares, directly or through trusts (unvested awards not counted): about 0.6 years of pay. Both: 1 buyer ($20.3m) and 3 sellers ($1.3m) in six months.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +0.2% a year over the last three fiscal years. Stock-based pay was 0.8% of revenue in the latest year.
- Flag
Is leadership stable?
3 CEOs in the pay tableCEOs in the pay table: Mr. Andreas Fibig, Mr. Frank K. Clyburn, Jr., Mr. J. Erik Fyrwald. 13 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Materials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 6 | 40 | |
| Pay for performance | 56 | 77 | |
| CEO cost | — | — | 40 |
| Skin in the game | 22 | 38 | |
| Dilution | 48 | 71 | |
| Stable leadership | 0 | 70 | |
| Clean books | 100 | 100 |
Closest peers
Others in Specialty Chemicals, by management score. International Flavors & Fragrances is 23rd of 24 in its sector.
Pay versus performance
From the proxy statement filed March 18, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. J. Erik Fyrwald | $15.0m | $7.5m | $4.4m | $71 | $110 | — |
| 2024 | Mr. J. Erik Fyrwald, Mr. Frank K. Clyburn, Jr. | $24.2m | $25.1m | $3.6m | $75 | $126 | — |
| 2023 | Mr. Frank K. Clyburn, Jr. | $10.7m | $2.4m | $3.3m | $71 | $127 | — |
| 2022 | Mr. Frank K. Clyburn, Jr., Mr. Andreas Fibig | $19.3m | $15.3m | $5.4m | $88 | $110 | — |
| 2021 | Mr. Andreas Fibig | $9.8m | $12.5m | $3.1m | $123 | $151 | — |
The board says pay is tied most to Currency Neutral Sales Growth. Its other key measures: EBITDA, Relative TSR, ROIC Improvement.
Insiders and the CEO's stake
J Erik Fyrwald (Chief Executive Officer) held 117,439 shares directly after their latest Form 4 on May 1, 2026, roughly $8.3m at that filing's price.
Both: 1 buyer ($20.3m) and 3 sellers ($1.3m) in six months.
- BoughtPaul J FribourgDirector$20.3mJun 1, 2026
- SoldMichael DeVeauEVP, CFO$755kAug 6, 2026
- Soldde Mendonca Ana Paula TelesPresident, Scent$476kAug 17, 2026
- SoldMarc BirenkrantController & CAO$85kAug 7, 2026
Leadership and governance on file
- Oct 22, 2025Leadership change8-K 5.02
- Aug 7, 2025Leadership change8-K 5.02
- Jul 30, 2025Leadership change8-K 5.02
- Jun 9, 2025Leadership change8-K 5.02
- Mar 13, 2025Leadership change8-K 5.02
- Feb 20, 2025Leadership change8-K 5.02
- Dec 19, 2024Leadership change8-K 5.02
- Dec 10, 2024Leadership change8-K 5.02
- May 30, 2024Leadership change8-K 5.02
- May 6, 2024Leadership change8-K 5.02
- Mar 21, 2024Leadership change8-K 5.02
- Feb 7, 2024Leadership change8-K 5.02
Latest shareholder vote results: May 4, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $3.3bn returned to owners in buybacks and dividends, and $333.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $11.7bn | $12.4bn | $11.5bn | $11.5bn | $10.9bn |
| Net income | — | — | — | — | — |
| Stock-based pay | $54.0m | $49.0m | $65.0m | $77.0m | $88.0m |
| Buybacks | — | — | $0 | $0 | $38.0m |
| Dividends | $667.0m | $810.0m | $826.0m | $514.0m | $409.0m |
| Diluted shares | 243m | 255m | 255m | 256m | 256m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.