Givaudan: scent and flavor market leader sees shake up at the top
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Givaudan: scent and flavor market leader sees shake up at the top

World-leading scent and flavor maker Givaudan will see further changes to its senior management team, as head of global science and technology, Chris Thoen, announces his retirement. Thoen has spent seven years at Givaudan. He started his tenure as head of science & technology for flavours in 2011, and was promoted to head of global science and technology in 2015. At the same time, he was made a member of the company’s executive committee.

Givaudan’s share price has risen by 16% over the past 12 months

graph 0405 givaudan

SOURCE: Yahoo Finance

Theon’s time in the industry goes beyond his tenure at Givaudan, however – he is a true veteran, with a distinguished 30-year career to look back on. As such, the company is sure to miss his expertise. Gilles Andrier, Givaudan’s CEO, made the following comment over his colleague, and employee’s, retirement:

“On behalf of Givaudan’s leadership team, I would like to thank Chris Thoen for his contributions over the past seven years. He successfully advanced key programs in Flavours, expanded Givaudan’s global innovation collaborations with external partners, and established a solid foundation to strategically manage the S&T portfolio with increased transparency. I wish him all the best for his retirement.”

Thoen’s work contributed to the forming of more than 80 patents, and Givaudan thanked him particularly for his acceleration of innovation at the company. Following his retirement, all programs under him will be managed by the company’s respective divisional science and technology organisations in flavours and fragrances.

Thoen’s retirement is the latest in a series of changes at the top. Earlier this year, Louie D’Amico was appointed president of the company’s flavor division. Former president Mauricio Graber also left the company after 23 years.

Disclosure

Dominion holds Givaudan in its Global Trends Managed Fund.


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