DSM Appoints SGS’s Matchett to Replace Finance Chief Schwalb

Royal DSM NV 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.

Before it's here, it's on the Bloomberg Terminal.