Douglas D. Tough has been the CEO of International Flavors & Fragrances (IFF) since March 2010. He was appointed following a successful tenure as a member of the board, where he had valuable insights into the company’s operations. Under his...

Douglas D. Tough has been the CEO of International Flavors & Fragrances (IFF) since March 2010. He was appointed following a successful tenure as a member of the board, where he had valuable insights into the company’s operations. Under his leadership, IFF shifted its focus to align executive pay with performance, which is a significant change. In 2014, he received a total compensation of over $7.4 million, of which a good chunk was from vested stocks from previous years. This illustrates how seriously he takes aligning incentives with shareholder value, emphasizing outcomes over mere cash rewards. Fun fact: in his first year as CEO, Tough didn’t receive any bonus despite being a high earner, which is unusual in this line of work. Doug’s journey in corporate leadership began way before IFF, marking a career filled with strategic insights and value creation. He also experienced ups and downs in his stock holdings, peaking at around $34 million in 2021 before dipping a bit, showcasing the volatile nature of executive investments. His hold on a huge amount of stock signifies confidence in IFF’s future, making him a CEO who walks the talk. Tough’s style combines analytical thinking with a hands-on approach, focusing not just on financials but also on cultivating a talented team.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other International Flavors & Fragrances CEOs

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Douglas D. Tough

Ex-CEO of International Flavors & Fragrances

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

January 1, 1955 - 70 years ago

CEO of International Flavors & Fragrances for

4 years 6 months (Mar 2010 - Sep 2014)

Previous Experience

Chief Executive Officer and Managing Director of Ansell Limited

Rivals

Competitors/colleagues of Douglas D. Tough

Holdings

See how much did Douglas D. Tough make over time.

Douglas D. Tough's stock holdings illustrate a fluctuating confidence in IFF's growth. His value peaked in 2021 at approximately $35.2 million before declining to around $20 million by late 2023. In early 2019, he was at around $30 million. These...

Douglas D. Tough's stock holdings illustrate a fluctuating confidence in IFF's growth. His value peaked in 2021 at approximately $35.2 million before declining to around $20 million by late 2023. In early 2019, he was at around $30 million. These amounts show a typical volatility that comes with executive stock ownership. Tough's largest holdings were observed in 2021, when it seemed he was very optimistic about the company's prospects. While the value of his holdings went through ups and downs, Tough remains heavily invested, indicating that he believes in IFF’s continuing success and his role in leading the company forward.

Insider Trading

See recent insider trades of Douglas D. Tough.

TAP

235 shares

TAP

Mar 31, 2022

Received

TAP

270 shares

TAP

Dec 31, 2021

Received

TAP

270 shares

TAP

Sep 30, 2021

Received

TAP

233 shares

TAP

Jun 30, 2021

Received

TAP

2,528 shares

TAP

May 27, 2021

Received

TAP

245 shares

TAP

Mar 31, 2021

Received

TAP

277 shares

TAP

Dec 31, 2020

Received

TAP

373 shares

TAP

Sep 30, 2020

Received

TAP

364 shares

TAP

Jun 30, 2020

Received

TAP

3,942 shares

TAP

May 21, 2020

Received

Compensation History

See how much did Douglas D. Tough make over time.

In 2014, Douglas D. Tough earned $7.43 million, which included a base salary of $1.22 million, no bonuses, and about $3.45 million from vested stock. This total compensation structure reflects his philosophy of tying rewards to performance. Interestingly, in prior years, his bonuses were also minimal, indicating a consistent strategy focused more on stock performance rather than immediate cash. In 2013, his total compensation was $4.03 million but still had a similar trend of low bonuses. This approach is somewhat unusual for a CEO, where cash bonuses often make up a significant portion of the pay. Tough’s pay packages demonstrate his commitment to not just immediate rewards but long-term success for the company and its shareholders, which is a key part of his leadership style.

Year

2014

Total Compensation

$5.07M

Salary

$1.22M

Board Justification

The compensation philosophy is designed to align executive pay with performance metrics that build shareholder value, with a significant portion of compensation being variable and tied to company performance.

Bonus

$0.00

Board Justification

No bonus was awarded in 2014 as per the proxy statement.

Other

$384.41K

Board Justification

Other compensation includes various benefits such as contributions to retirement plans, car allowances, and other perquisites.

Restricted Stock

$3.46M(3.45M RSU)

Board Justification

The total value of vested stock awards for 2014 includes stock awards from previous years that vested in 2014.

Performance Metrics

The performance metrics for 2014 included local currency sales growth, operating profit, gross margin, and working capital.

Other International Flavors & Fragrances CEOs

Here are other CEOs of International Flavors & Fragrances

Robert Amen

Ex-CEO of International Flavors & Fragrances

July 2006 - September 2009

Andreas Fibig

Ex-CEO of International Flavors & Fragrances

September 2014 - September 2021