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.