Cresp will be presented with the award at The Fragrance Foundation awards gala in June.
Levy is leaving her post as Macy’s divisional merchandise manager for fragrances.
Katie Holmes, Dascha Polanco and Trisha Yearwood also attended the evening, which honored Marc Puig and Harry Fremont.
The German fragrance industry toasted the best perfume releases of 2016 at its yearly prize ceremony.
Musmanno, who served as president for five years, plans to stay on to find her replacement.
Olivia Palermo will be awarded Instagrammer of the Year at a finalists’ luncheon on April 7, hosted by Brooke Shields.
Carolina Herrera, her daughter Carolina Herrera Baéz and Karlie Kloss are co-chairing the event.
John Demsey hosted the first of The Fragrance Foundation’s new Masterclass series at The French Institute Alliance Française in New York.
Sophia Grojsman, the recipient of this year’s Lifetime Achievement, Perfumer award, is known for her nurturing qualities.
Richie revealed he has a fragrance in the works, and L Brands’ Leslie H. Wexner extolled the camaraderie of the perfume business.
The German fragrance industry held its annual awards gala on Thursday night.