THE WHAT? DSM and Firmenich have together announced the future leadership team for the proposed combined company DSM-Firmenich.
THE DETAILS The news follows on from the previous announcement of the intended merger between the two companies.
According to a press release, “The new company’s Executive Committee will have a balanced team of talented individuals drawn from both DSM and Firmenich and representing the diversity, skillset, and ambitions of the combined company.”
The existing executive management teams of DSM and Firmenich will remain unchanged until the completion of the merger, predicted to take place in the first half of 2023.
Geraldine Matchett and Dimitri de Vreeze, as previously confirmed, will be Co-CEOs. “Currently Co-CEOs of DSM, they will continue to hold additional CFO (Geraldine) and COO (Dimitri) responsibilities respectively for the future combined company,” said Firmenich.
Other leadership roles include Emmanuel Butstraen as Chief Integration Officer, while Dr. Sarah Reisinger will lead a global network of 15 R&D facilities.
DSM-Firmenich will have four complementary businesses, all with leadership positions and each led by a member of the future Executive Committee.
THE WHY? Geraldine Matchett and Dimitri de Vreeze, Co-CEOs of DSM, said: “We are appreciative of the support from all the leaders on the current executive management teams of DSM and Firmenich as everyone is fully committed to the successful integration of these great companies. They have laid the foundations from which DSM-Firmenich will be able to make a major difference for our customers, and ultimately for people and the planet.
“This talented team draws on the incredible expertise of both organizations and our future Executive Committee will be an incredibly strong joint leadership team with proven track records of strategic execution and value creation for all stakeholders. By coming together, we will establish a company where anyone, anywhere, wishing to make a positive impact should aspire to work.”