Givaudan S.A. (0QPS) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Dear ladies and gentlemen, welcome to our 2025 full year-end results conference call. Actually, my first one was in 2006, which makes this one my 21st conference call, as well as my last year-end conference call as CEO. Stuart Harris, our CFO, joins me today. All presentation documents are available on our website. So before moving into the performance discussion, let's take a moment to look at the leadership transition. So as announced, end of last August, Christian Stamkotter will succeed me as CEO as of March 1st, 2026. But today we also announced two changes to our executive committee team. The first one, Christina Yeo, will become head of business solutions and IT. and that will be effective May 1st, 2026. She succeeds Anne Tayac, who, after more than 30 years at Givaudan, will retire. Fanny Iglesias will take over as Chief Legal and Compliance Officer, replacing our current Legal and Compliance Head, Roberto Caravagno, effective April 1st, 2026. Roberto will also retire after close to 30 years, Finally, we'll join the Executive Committee as an additional member to the EC team. For sure, I would like to thank Anne Tayac and Roberto Garavagno for their many contributions and leaderships over the many years. And I would like to turn to slide four. On the board composition side, as announced late August 2025, We have Calvin Greider, who will step down, and I will stand for re-election as chairman at the upcoming AGM in March. All board members, except Tom Knudsen, will stand for re-election. And furthermore, Esther Bejet, CEO of NovoNezis, is proposed as a new member to the board, bringing strong innovation and sustainability expertise. Now let's turn to the business performance review starting on slide 5. 2025 marks another year of very strong results. On top of r...