In Good Company
In Good Company

HIGHLIGHTS: Gilles Andrier - CEO of Givaudan

We've curated a special 10-minute version of the podcast for those in a hurry. Here you can listen to the full episode: https://podcasts.apple.com/no/podcast/givaudan-ceo-the-art-of-perfumery-creating-iconic/id1614211565?i=1000750254613&l=nb What's the secret behind the world's mo

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Norges Bank Investment Management Host

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Episode Summary

Executive Summary: The conversation profiles Givaudan’s business and leadership philosophy, explaining how the company creates fragrances and flavors through a collaborative briefing process with clients, why perfumer talent and resilience matter, and how Givaudan differentiates itself through a caring, performance-driven culture. It also highlights the company’s broader purpose: making consumers happier and healthier.

Main Topics: Givaudan’s core business and purpose (Priority: 5/5): Gilles Henneron explains that Givaudan develops fragrances and flavors, but frames the company’s mission more broadly as improving consumers’ well-being through taste and smell experiences. How fragrance development works (Priority: 5/5): The discussion walks through the client briefing process for creating a perfume, from defining the consumer brief to co-developing ideas with perfumers and selecting leads through testing. The role of perfumers and the Givaudan perfumery school (Priority: 5/5): Henneron emphasizes the importance of selecting talented, passionate, resilient perfumers and notes the long-standing influence of Givaudan’s perfumery school on the global industry. Difference between fragrances and flavors (Priority: 4/5): The interview contrasts fragrances, which evolve over hours, with flavors, which deliver immediate sensory impact in food and beverages and often need to restore volatile notes lost in processing. Corporate culture and leadership style (Priority: 4/5): Henneron describes Givaudan’s culture as performance-driven, creative, caring, and accessible, saying it aligns with his own leadership style and the company’s DNA. Leadership principles: ambition, delivery, and innovation (Priority: 4/5): He argues that ambitious targets, disciplined execution, and entrepreneurial innovation are central to effective leadership and to how Givaudan has operated over multiple five-year cycles.

Key Arguments: Givaudan’s purpose is not just to make products smell or taste good, but to make consumers happier and healthier. The creation of a perfume is a collaborative, competitive process that begins with a client brief and may involve several fragrance houses. Perfumers need more than a good nose; they need passion, resilience, and creativity because most briefs are not won and setbacks are frequent. Givaudan’s perfumery school has had major global influence, with graduates contributing to a large share of perfumes sold worldwide. Fragrances and flavors use similar creative and technical methods, but differ in consumer experience: fragrances unfold over time, while flavors act quickly at first taste. A differentiating factor for Givaudan is its human and caring culture, which customers and others perceive strongly. Ambitious targets and consistent delivery are key leadership habits that have helped Givaudan succeed across repeated five-year cycles. Innovation and an entrepreneurial mindset are presented as essential to the company’s long-term performance.

Data Points: CEO tenure: 20 years - Gilles Henneron says he has been CEO for 20 years. Perfumery school age: almost 80 years - He notes the Givaudan perfumery school was established more than almost 80 years ago. Share of perfumes sold globally created by Givaudan-trained perfumers: 40% - He says perfumers from the school created 40% of perfumes sold in the world. Typical win rate for an individual perfumer on briefs: 1 out of 10, or 2 out of 10 - Henneron says a perfumer usually loses most briefs and wins only a minority. Company planning cycle: 5-year cycles - He explains Givaudan runs the company in five-year cycles. Number of completed cycles referenced: 4 cycles - He says they have done four five-year cycles.

Pivotal Quotes: "we make the world taste and smell very good" — Gilles Henneron: A simple description of Givaudan’s business at the start of the interview. "make consumers happier and healthier" — Gilles Henneron: He reframes the company’s purpose beyond fragrances and flavors. "you are going to lose a brief nine times out of 10 or 8 times out of 10" — Gilles Henneron: He explains why resilience is essential for perfumers.

Implications: For consumers and brands, the interview shows that sensory products are built through rigorous collaboration and creativity. For the industry, it highlights the strategic value of talent pipelines, culture, and disciplined innovation.

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About In Good Company

The CEO of the largest single investor in the world, Norges Bank Investment Management, interviews leaders of some of the largest companies in the world. You will get to know the leader, their strategy, leadership principles, and much more. Hosted on Acast. See acast.com/privacy for more information.

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