International Flavors & Fragrances Inc. (NYSE: IFF) (Euronext Paris: IFF) (TASE: IFF) opened its new global service center in Budapest, Hungary, consolidating key finance processes for its worldwide operations. The center is part of a multi-year effort to optimize IFF’s finance operating model.
“It is gratifying to celebrate the opening of this new center,” said Richard O’Leary, CFO of IFF. “The team has worked hard to get us to this point in our transformation journey. I want to thank everyone involved for their efforts.” Mr. O’Leary continued, “A transformation like this never happens in a vacuum. I would like to acknowledge and thank our many external partners that have made this possible.