NEW YORK — Carlos Lobbosco, a former teacher and longtime executive in South America for International Flavors & Fragrances, is retiring after 27 years with IFF. Currently executive vice president of business development based in New York and a board member, Lobbosco will officially depart May 7, the day of the company’s annual shareholders meeting. The position will not be filled upon his exit.

A native of Argentina, Lobbosco held various senior management roles, including positions as affiliate manager of IFF in Argentina and vice president of operations for flavors in North America.

But it was during a nine-year period beginning in 1989 that Lobbosco served as area manager for fragrances in Latin America at the company’s creative center in Argentina. While there, he led numerous IFF initiatives in the region, and one of his primary responsibilities was building business in Argentina, Brazil, Colombia and Mexico. Lobbosco also set up an organization and developed an infrastructure and a strategy. He was named an IFF vice president in 1993.

“It would be impossible to overestimate Carlos’s enormous contribution to our company and our industry,” stated Richard A. Goldstein, chairman and chief executive of IFF, who also spoke of Lobbosco’s “contagious good humor” and “natural talent [and] unparalleled understanding of our customers and our business.”

Lobbosco lived in Buenos Aires from 1988 to 1998, during which time he taught business strategy at the Catholic University, his alma mater. He received a master’s degree in business administration with a major in economic science from the university.

From 1998 to 1999, Lobbosco was based in London, serving as area manager for fragrances in Europe, Africa and the Middle East. In October 1999, he became president of IFF’s worldwide fragrance division. Named executive vice president in a companywide reorganization in October 2000, he has headed global business development, overseeing category strategy, consumer research, product development global sales, marketing and research and development.

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