IFF (NYSE: IFF) today announced the continuation of the cooperation agreement with Icahn Capital LP and its affiliates. Icahn Capital and IFF have agreed to renominate one Icahn director and one mutually agreed director to the IFF board for the 2024 proxy season.
“The Icahn Group’s relationship with IFF has brought relevant market experience to and enhanced the financial expertise of the IFF Board. We are pleased to continue to benefit from their expertise as we execute our growth and transformation plan to drive increased shareholder value,” said Roger Ferguson, chairman of IFF’s Board of Directors.
“I believe the IFF Board and management team are poised to capture further value for shareholders as they continue on their strategic transformation to optimize the portfolio,” said Carl Icahn, CEO of Icahn Capital.
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