Financial Services

Carl Icahn owns 4% stake in International Flavors & Fragrances, sources say


Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.

David A. Grogan | CNBC

Icahn, founder and chairman of Icahn Enterprises, is a longtime activist investor. Most recently, Icahn took a sizeable stake in Southwest Gas as he pushes the Las Vegas-based utility company to drop its acquisition of natural gas company Questar Pipeline.

Separately on Thursday, International Flavors & Fragrances named Frank Clyburn chief executive officer effective Feb. 14, succeeding Andreas Fibig. Clyburn joined IFF from Merck.

In late 2019, International Flavors & Fragrances merged with DuPont’s nutrition and biosciences unit, creating a $45 billion consumer giant.

IFF, which creates flavors and fragrances, works with global brands to develop scents and tastes for products that are household names.

Shares of IFF have fallen about 6% year to date after rallying 38% last year.



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