Andreas Fibig, the former CEO of International Flavors & Fragrances (IFF), has a background mainly rooted in business and years of experience. He joined IFF in September 2014 after serving at Bayer AG, where he was the President of Bayer...

Andreas Fibig, the former CEO of International Flavors & Fragrances (IFF), has a background mainly rooted in business and years of experience. He joined IFF in September 2014 after serving at Bayer AG, where he was the President of Bayer HealthCare Pharmaceuticals. Under his leadership, IFF achieved significant milestones, including expanding global operations and investing in innovation. Interestingly, Fibig has been known to receive a substantial cash-based bonus tied to performance metrics. In 2021, his total compensation peaked at about $3.88 million, with the bulk being from a $2.07 million bonus. His performance focus included sales growth and operational efficiency. Notably, he announced plans to retire in late 2021, contributing to a smooth leadership transition until a successor was appointed. During his time, he also actively participated in insider trading activities, which showed significant fluctuations in his stock selling amounts, indicating his confidence in the company's performance over time. Andreas Fibig is a classic example of an executive who balances short-term performance incentives with long-term strategy, leading a major player in the flavors and fragrances industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other International Flavors & Fragrances CEOs

I

Andreas Fibig

Ex-CEO of International Flavors & Fragrances

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

January 1, 1963 - 62 years ago

CEO of International Flavors & Fragrances for

7 years 0 months (Sep 2014 - Sep 2021)

Previous Experience

President and Chairman of the Board of Management of Bayer HealthCare Pharmaceuticals

Rivals

Competitors/colleagues of Andreas Fibig

Holdings

See how much did Andreas Fibig make over time.

Andreas Fibig's insider trading activities showed him actively managing his stock holdings during his time at IFF. In 2022, he sold significant amounts of stock monthly, with sales ranging from approximately $600K to over $1 million, demonstrating a consistent cash-in...

Andreas Fibig's insider trading activities showed him actively managing his stock holdings during his time at IFF. In 2022, he sold significant amounts of stock monthly, with sales ranging from approximately $600K to over $1 million, demonstrating a consistent cash-in strategy. This trading peaked with a notable $1.18 million sale in April 2022, highlighting fluctuations in his confidence with the company’s performance. Over a span of two years, Fibig's stock movements reflect a strategy of capitalizing on peaks while maintaining a substantial stake in the company. His total monthly sales generally averaged around $900K to $1 million, showing his proactive approach to optimizing his financial position amid company developments.

Mar 18, 2025

E

shares

EXLS @ $46.64

I

shares

IFF @ $80.81

Insider Trading

See recent insider trades of Andreas Fibig.

EXLS

$99.51K

EXLS at $165.85/share

Feb 28, 2023

Purchase

IFF

3,503 shares

IFF

Mar 16, 2020

Received

IFF

12,022 shares

IFF

Mar 15, 2018

Received

IFF

$99.96K

IFF at $138.83/share

May 3, 2017

Received

IFF

7,868 shares

IFF

Mar 15, 2017

Received

IFF

$249.92K

IFF at $119.81/share

May 2, 2016

Received

IFF

6,114 shares

IFF

Mar 15, 2016

Received

IFF

$734.94K

IFF at $59.05/share

May 6, 2015

Received

IFF

1,482 shares

IFF

Mar 13, 2015

Received

IFF

$599.95K

IFF at $47.07/share

Oct 15, 2014

Received

Compensation History

See how much did Andreas Fibig make over time.

Andreas Fibig's compensation package at IFF was heavily tied to performance metrics. In 2021, he earned a total of about $3.88 million, primarily from a cash salary of $1.3 million and a performance bonus of $2.07 million. This trend was consistent through previous years as well, where bonuses fluctuated based on the company’s operational success. Notably, the incentives linked to performance metrics like sales growth and profit largely shaped his earnings. His compensation reflects a commitment from IFF to align executive pay with shareholder interests, emphasizing cash over stock grants during tough market times. For example, there were years like 2020 and 2019 where bonuses were well below expectations due to unmet performance targets, showcasing the direct link between performance and pay. Overall, Fibig’s earnings were designed to reward growth while managing risk effectively.

Year

2021

Total Compensation

$3.79M

Salary

$1.30M

Board Justification

The compensation philosophy is designed to align executive compensation with the achievement of financial and operational performance metrics that build shareholder value over both the short- and long-term.

Bonus

$2.07M

Board Justification

The bonus is based on the achievement of certain levels of Company financial performance and individual performance metrics, with a target AIP of 140% of base salary.

Other

$428.79K

Board Justification

Other compensation includes contributions to savings plans, auto allowances, and financial planning services.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2021 as the focus is on cash compensation and performance metrics for the year.

Performance Metrics

The performance metrics for 2021 included currency neutral sales growth, adjusted operating EBITDA, gross margin, working capital, and individual performance objectives.

Other International Flavors & Fragrances CEOs

Here are other CEOs of International Flavors & Fragrances

Douglas D. Tough

Ex-CEO of International Flavors & Fragrances

March 2010 - September 2014

Franklin K. Clyburn, Jr.

Ex-CEO of International Flavors & Fragrances

March 2022 - February 2024