Michael DeVeau | VP, Corporate Strategy, IR and Communications |
Andreas Fibig | Chairman and CEO |
Richard O'Leary | EVP and CFO |
Mark Astrachan | Stifel, Nicolaus & Co., Inc. |
Katie Grafstein | Barclays Capital, Inc. |
Michael Sison | KeyBanc Capital Markets, Inc. |
Silke Kueck | JPMorgan Securities LLC |
Faiza Alwy | Deutsche Bank |
John Roberts | UBS Securities LLC |
Gunther Zechmann | Sanford C. Bernstein Ltd. |
Fintan Ryan | Berenberg |
Adam Samuelson | Goldman Sachs & Co. LLC |
Brett Hundley | The Vertical Trading Group, LLC |
At this time, I would like to welcome everyone to the International Flavors & Fragrances Fourth Quarter and Full Year 2017 Earnings Conference Call. All participants will be in a listen-only mode until the formal question-and-answer portion of the call. Participants will be announced by their name and company. In order to give all participants an opportunity to ask their questions, we request that you limit one question per person. I would now like to introduce Michael DeVeau, Head of Investor Relations.