IFF opens Budapest service centre11 Apr 2019
International Flavors & Fragrances (IFF) has opened its new global service centre in Budapest, Hungary, consolidating key finance processes for its worldwide operations.
The centre is said to be part of a multi-year effort to optimize IFF’s finance operating model.
“It is gratifying to celebrate the opening of this new centre,” said Richard O’Leary, CFO of IFF. “The team has worked hard to get us to this point in our transformation journey. I want to thank everyone involved for their efforts. A transformation like this never happens in a vacuum. I would like to acknowledge and thank our many external partners that have made this possible.”“Budapest is built for companies like IFF to flourish,” said Minister of Foreign Affairs and Trade Péter Szijjártó. “Budapest offers a thriving business environment with a sophisticated workforce and strong infrastructure that supports the companies who establish themselves within our region. We are glad that IFF chose Budapest for their new global service centre.”Located in Mill Park, the centre will have more than 100 employees by the end of the year with a footprint able to accommodate a greater number as recruiting continues and the scope of IFF’s services expands.“With sustainability a key enabler of our strategy, I’m proud to say that Mill Park supports our vision as a LEED gold certified site,” said O’Leary. “Mill Park provides IFF with a sustainable work environment that is conveniently located with easy access to public transportation and excellent amenities. I am very excited to see this site grow and fulfill its potential for both IFF and Budapest.”
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