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Givaudan Taps Christian Stammkoetter as Next CEO, Sets 2030 Growth Targets

The Swiss group pairs a planned 2026 handover with new 2030 goals prioritizing acquisition-led expansion, biotechnology in beauty, stronger free cash flow.

Overview

  • Christian Stammkoetter, formerly Danone’s President for Asia, Middle East and Africa, will become Givaudan CEO on March 1, 2026.
  • Gilles Andrier will retire as CEO and will be proposed as board chairman at the March 19, 2026 annual general meeting, as current chair Calvin Grieder steps down.
  • The company set 2030 targets for average like-for-like sales growth of 4% to 6% and average free cash flow of more than 12%.
  • Givaudan said it will actively pursue acquisitions and expand Fragrance & Beauty capabilities in biotechnology-based cosmetic ingredients, skin care and makeup, building on the 2024 b.kolor deal.
  • During Andrier’s 20-year tenure, headcount rose from about 5,900 to 16,900 and sales nearly tripled from CHF 2.7 billion to CHF 7.4 billion, supported by more than 20 acquisitions.