Symrise AG: Executive Board contract of CFO Olaf Klinger extended ahead of schedule
— Supervisory Board reaffirms Olaf Klinger as CFO until January 2024
— Recognition of successful work in finance department
— Symrise relies on commitment to continuity and stability combined with further growth
The Supervisory Board of Symrise AG approved an early contract extension for CFO Olaf Klinger at its meeting on March 7, 2018. With his profound knowledge and extensive experience in the field, Olaf Klinger will continue to manage the finances of Symrise for another five years until January 2024. Through the renewal of the CFO's contract, Symrise is ensuring continuity and stability in the Executive Board.
The Chairman of the Supervisory Board, Dr. Thomas Rabe, said: "We are delighted to have Olaf Klinger on board to lead the financial department for another five years. By extending his contract now, we are demonstrating our long-term orientation, and we are also showing our recognition for his strong past performance. Olaf Klinger did an outstanding job in addressing the increasing challenges of the international capital markets and enjoys an excellent reputation within our financial community."
As a member of the Executive Board, Olaf Klinger (52) has been heading Symrise’s finance department since January 2016. Since his appointment, he has successfully supported the Company in numerous strategic growth initiatives. He provided for instance a diverse range of financing instruments for the sale of the Pinova industrial activities in November 2016 and the acquisition of the British beverage specialist Cobell in May 2017. Symrise also benefited from his extensive knowledge of transactions and integration processes. In addition, Olaf Klinger utilized the positive market environment to carry out the successful placement of €400 million in convertible bonds in June 2017.
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Symrise is a global supplier of fragrances, flavorings, cosmetic active ingredients and raw materials, as well as functional ingredients. Its clients include manufacturers of perfumes, cosmetics, food and beverages, the pharmaceutical industry and producers of nutritional supplements and pet food.
Its sales of more than € 2.9 billion in the 2016 fiscal year make Symrise a leading global provider in the flavors and fragrances market. Headquartered in Holzminden, Germany, the Group is represented with over 90 locations in Europe, Africa, the Middle East, Asia, the United States and Latin America.
Symrise works with its clients to develop new ideas and market-ready concepts for products that form an indispensable part of everyday life. Economic success and corporate responsibility are inextricably linked as part of this process. Symrise – always inspiring more …
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