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

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WEBVTT 00:00:00.031 -- 00:00:05.079 Dear ladies and gentlemen, welcome to our 2025 full year-end 00:00:05.079 -- 00:00:07.543 results conference call. 00:00:07.543 -- 00:00:13.612 Actually, my first one was in 2006, which makes this one my 21st 00:00:13.612 -- 00:00:18.920 conference call, as well as my last year-end conference call as CEO. 00:00:18.920 -- 00:00:24.429 Stuart Harris, our CFO, joins me today. All presentation documents are available 00:00:24.429 -- 00:00:26.440 on our website. 00:00:26.440 -- 00:00:31.164 So before moving into the performance discussion, let's take a moment to look at the 00:00:31.164 -- 00:00:33.727 leadership transition. 00:00:33.727 -- 00:00:38.992 So as announced, end of last August, Christian Stamkotter will succeed me 00:00:38.992 -- 00:00:43.554 as CEO as of March 1st, 2026. 00:00:44.076 -- 00:00:49.041 But today we also announced two changes to our executive committee team. 00:00:49.041 -- 00:00:54.045 The first one, Christina Yeo, will become head of business solutions 00:00:54.045 -- 00:00:58.240 and IT. and that will be effective May 1st, 2026. 00:00:58.240 -- 00:01:03.365 She succeeds Anne Tayac, who, after more than 30 00:01:03.365 -- 00:01:06.928 years at Givaudan, will retire. 00:01:06.928 -- 00:01:12.092 Fanny Iglesias will take over as Chief Legal and Compliance Officer, 00:01:12.092 -- 00:01:17.477 replacing our current Legal and Compliance Head, Roberto Caravagno, 00:01:17.477 -- 00:01:21.240 effective April 1st, 2026. 00:01:21.240 -- 00:01:26.445 Roberto will also retire after close to 30 years, Finally, we'll join 00:01:26.445 -- 00:01:31.552 the Executive Committee as an additional member to the EC 00:01:31.552 -- 00:01:33.552 team. 00:01:33.915 -- 00:01:39.102 For sure, I would like to thank Anne Tayac and Rober...