Peter Elverding, chairman of the DSM Managing Board, to be succeeded by Feike Sijbesma on 1 May 2007

11-Dec-2006

The Supervisory Board of Royal DSM N.V. has appointed Feike Sijbesma as chairman of the Managing Board with effect from 1 May 2007. Mr. Sijbesma will succeed Peter Elverding, who will retire with effect from the same date. Peter Elverding has been on the DSM Managing Board since 1995 and has been its chairman since 1999. Feike Sijbesma has been a member of the DSM Managing Board since 2000.

Peter Elverding: "In close consultation with the Supervisory Board I have decided to step down after having served DSM for eight years as chairman of the Managing Board. My successor is ready for the task and my retiring will render it possible to further internationalize the Managing Board and lower its average age."

The Supervisory Board will propose to the Annual General Meeting of Shareholders on 28 March 2007 to appoint Stephan B. Tanda to the Managing Board of DSM with effect from 1 May 2007 as successor to Feike Sijbesma. Mr. Tanda will join DSM on 1 March 2007. He is currently President and Chief Executive Officer of Freudenberg Nonwovens, Weinheim (Germany) and Durham (USA).

Feike Sijbesma was born in Nieuw-Loosdrecht (the Netherlands) on 25 August 1959. He studied medical biology at the University of Utrecht and Business Administration at the Erasmus University of Rotterdam, both in the Netherlands. In 1987 Feike Sijbesma joined the Industrial Pharmaceuticals division of Gist-brocades, where he became responsible for strategic planning and business development. From 1990 to 1993, he was the division's Marketing and Sales Director. He then became responsible for Savoury Ingredients, which later became a business unit of Gist-brocades' Food Specialties Division. In 1995, he became director of that division and joined the Gist-brocades Executive Committee. With the acquisition of Gist-brocades by DSM in 1998 Feike Sijbesma joined DSM. In 2000, he was appointed to DSM's Managing Board.

Stephan B. Tanda was born in Innsbruck (Austria) on 14 July 1965. He studied mechanical and plastics engineering at the University of Leoben, Austria, and Business Administration at the Wharton Business School of the University of Pennsylvania, USA. Stephan B. Tanda started his career in 1991 as Business Segment Manager Europe - Nomex® /Kevlar® Protective Apparel, with DuPont, Switzerland. From 1993 he had responsibilities in Finance and Operations with DuPont in the USA. In 1996 he was appointed Global Business Director with DuPont in Luxembourg. As of 1998 he was Director Corporate Planning and later Vice President Strategic Planning & New Business Development Agriculture, Nutrition and Bio-Based Materials for DuPont in the USA. In 2000 he became President of Protein Technologies International, Inc. and later President and CEO of The Solae Company, USA with DuPont. The Solae Company is a Joint Venture between DuPont and Bunge in the area of food innovation and food ingredient manufacturing. Since 2004 Stephan B. Tanda has been President and CEO of Freudenberg Nonwovens, Weinheim, Germany and Durham, USA.

https://www.chemeurope.com/en/news/60016/peter-elverding-chairman-of-the-dsm-managing-board-to-be-succeeded-by-feike-sijbesma-on-1-may-2007.html