GOLDSTEIN IS IFF TOP EXEC
NEW YORK — Richard Goldstein will join International Flavors & Fragrances Inc. as chairman and chief executive officer on June 1.
Goldstein will succeed Richard Furlaud, who has held the post of chairman and ceo since last December. Furlaud will continue as a director of IFF.
Goldstein has been with Unilever and its predecessor, Lever Bros. Co., for the past 25 years. Since 1989, he’s been president and ceo of Unilever United States after five years running the company’s Canadian operations. For the past four years, he has also been president of Unilever North American Food’s business group.
In the statement announcing the appointment, Furlaud cited Goldstein’s varied experience at Unilever, including U.S. and international operations, and in varied industries.
“He has demonstrated the ability to adapt to radical changes in the marketplace and make the most of emerging opportunities,” Furlaud said. “He spearheaded, for example, Unilever’s Internet alliances with America Online, Microsoft and Net Grocer.”
When he joined Unilever, then Lever Bros., as a staff attorney in 1975, he was closely involved in the company’s many mergers and acquisitions and its efforts to integrate them.
As reported earlier this month, IFF’s earnings slid 9.7 percent in the first quarter ended March 31 to $43.8 million, while sales increased fractionally to $367.9 million.