Symrise Division Scent & Care reorganizes i...

Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Corporate news announcement processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- The fragrance manufacturer aims for leadership in creativity and innovation - Michael Kocher appointed Senior Vice President Innovation - Numerous other new appointments Holzminden/Paris - The Scent & Care Division of fragrances and flavors manufacturer Symrise is systematically gearing up its organization towards innovation management : Effective April 1 Michael Kocher takes over the newly created position of Senior Vice President Innovation Scent & Care. The objective of the new position is to integrate the previously independently handled functions research, marketing and consumer/market research and to consequently orientate them towards innovation. Michael Kocher comes to Symrise from the competitor Firmenich, having previously worked for the Max-Planck-Institut and consumer goods manufacturer Reckitt Benckiser. With his solid scientific background and his experience in senior management positions in the industry, he brings the ideal qualifications for heading innovation management in Scent & Care. Reporting to Kocher in future will be fragrance and cosmetics research (fragrances, cosmetic ingredients and encapsulation), global marketing (beauty care, homecare) and the consumer & market intelligence group. Massimo Cealti is another new accession. Having worked for leading companies such as McDonald's, Nestlé and Coca Cola, Cealti possesses over 20 years of experience in market research, consumer insight and sensory and will be assuming the position of Vice President Consumer & Market Intelligence effective May 1, 2008. Along with innovation management, creativity plays a strategically vital role at Symrise. The position of Senior Vice President Fragrance Development has been created to ensure optimal use of the company's creative potentials and skills, to establish global standards for fragrance development and to promote an inspiring "fragrance culture" throughout the organization. Béatrice Favre-Bulle, previously head of evaluation Personal Care EAME for Symrise, took over this function effective April 1. For Symrise, innovation also means examining new business models and identifying potential acquisitions and partnerships. Roberto Ascoli, previously head of Sales in France and Director of the Beauty Care Creative Center in Paris, is taking the newly created position of Senior Vice President New Business Development in the Scent & Care division. Marie-Lise Jonak takes over responsibility for the creative center in Paris from Ascoli. "We have embarked on a mission to drive Creativity and Innovation as the single most important thing we do every day. This new organization is the consequent next milestone on our declared course of becoming the innovation leader of our industry", stated Achim Daub, Global President Scent & Care, in summarizing the new features of the organization. "On the one hand, we are especially proud that once again we have succeeded in attracting renowned professionals from the industry to Symrise, while on the other, we are happy that we have been able to promote talents from within our own ranks into strategically significant positions." About Symrise Symrise is a global supplier of fragrances, flavorings and raw materials and active ingredients for the perfume, cosmetics and food industry. Its sales of ¤1.23 million in 2006 place the company among the top four in the international flavors and fragrances market. Headquartered in Holzminden, Germany, Symrise maintains a total of more than 31 sites in Europe, Asia, the United States and South America. With over 50 registered patents each year, Symrise is one of the most innovative manufacturers on the market. Used by manufacturers of perfumes, cosmetics and foods, our products are an inseparable part of daily life. At Symrise we combine an awareness of consumer trends with cutting-edge technologies, focusing on innovative fashion and lifestyle products that have additional practical value for the consumer. Symrise - Always inspiring more. www.symrise.com Contact: Katja Derow red roses communications Phone: +49-40 4696770-10 E-mail: k.derow@redroses-pr.com --- End of Message --- Symrise AG Mühlenfeldstraße 1 Holzminden Germany WKN: SYM999; ISIN: DE000SYM9999; Index: MDAX, TecDAX; Listed: Amtlicher Markt in Frankfurter Wertpapierbörse, Freiverkehr in Bayerische Börse München, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart, Prime Standard in Frankfurter Wertpapierbörse;

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