DSM Appoints SGS’s Matchett to Replace Finance Chief Schwalb

Royal DSM NV (DSM) said it has appointed Geraldine Matchett to succeed Chief Financial Officer Rolf-Dieter Schwalb, who in eight years in the role helped transform the Dutch chemical maker into a nutritional and performance materials company.

Matchett will join the board of Herleen-based DSM on Aug. 1 from her current post as finance chief at Swiss inspection company SGS, replacing Schwalb at the end of the year, DSM said in a statement today. The 42-year-old also held roles at accountancy firms KPMG and Deloitte.

Schwalb, 61, played a pivotal role in reshaping DSM alongside Chief Executive Officer Feike Sijbesma, with the Dutch company spending $3.2 billion on acquisitions to expand a nutrition division supplying ingredients for baby food and health supplements.

To contact the reporter on this story: Andrew Noel in London at anoel@bloomberg.net

To contact the editor responsible for this story: Simon Thiel at sthiel1@bloomberg.net

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