Amen Named as New IFF CEO

International Flavors & Fragrances Inc. have announced the appointment of Robert M. Amen as Chairman of the Board and Chief Executive Officer, effective July 1st. An experienced executive with a proven track record and global expertise, Mr. Amen most recently served as President of International Paper Company. Mr. Amen succeeds Mr. Martinez, who has served as Interim Chairman and Chief Executive Officer since the retirement of Richard A. Goldstein following the Company’s Annual Meeting on May 9, 2006. Mr. Martinez, the former Chairman and Chief Executive Officer of Sears, Roebuck & Co., will return to his role as Lead Director of IFF.

During his 26 years with International Paper, Mr. Amen, 56, played a major role in developing the company’s international strategy and, more recently, in transforming the company’s operations and business focus to accelerate performance. He was named President of International Paper in 2003, having previously served as Executive Vice President of the company from 2000-2003 and President of International Paper Europe from 1996-2000, in addition to various other posts.

Arthur C. Martinez, Interim Chairman and Chief Executive Officer of IFF, commented, “We are delighted that Rob Amen will be joining IFF.  Having conducted a thorough search, we feel strongly that Rob is the right person to lead IFF through its next stage of growth.  Rob is a seasoned executive with a proven ability to strategically manage and grow businesses around the globe, complemented by significant sales, marketing and finance experience.  We look forward to his leadership in pursuing new opportunities for IFF.”

Mr. Amen said, “IFF has a rich history of success with a heritage of superior technology, product innovation and industry leadership.  I am very excited to be joining the Company and believe this is an excellent opportunity to apply my experience to help lead a company to the next level of performance.  IFF has established a strong foundation on which to grow, and I look forward to working with our team to capitalize on IFF’s outstanding potential.”