IFF Names Michael DeVeau Chief Financial Officer

Michael DeVeau— senior vice president, corporate finance and investor relations at IFF—has been named the company’s executive vice president and chief financial officer, effective Jan. 1, 2025.

DeVeau will succeed current CFO and business transformation officer Glenn Richter, whose previously announced planned retirement will take effect at the end of 2024.

“I am honored to assume the CFO role and begin the next chapter of my IFF career,” said DeVeau. “Glenn has been a terrific partner who has significantly improved our balance sheet and positioned IFF for financial success, and I am grateful for his support over the past several years. I look forward to working with him during this transition period and alongside Erik, our Board and the rest of our talented global team to build on our strong business momentum.”

Since joining IFF in 2009, DeVeau has held multiple senior finance leadership roles across the global organization, including as senior vice president, corporate finance and investor relations; divisional CFO, scent, where he led financial planning, forecasting, analysis, acquisitions and performance management for the company’s largest division; and chief strategy officer, where he guided a refreshed corporate strategy focused on long-term profitable growth, portfolio development and transformation.

In his current role, DeVeau oversees the company’s corporate and divisional financial planning and analysis team, with responsibility for corporate strategy and investor relations. Prior to joining IFF, he served in leadership positions in investor relations, finance and corporate development at PepsiCo. DeVeau began his career as an equity research analyst at Citigroup Investment Research. He holds a bachelor’s degree from Fordham University and completed a Global Executive Leadership Program at INSEAD.