05.09.23
The combined organization of DSM and Firmenich is now operating in beauty under the name DSM-Firmenich. It will operate across nutrition, health and beauty with nearly 30,000 employees.
"Today marks a new beginning for us all that is the culmination of more than a century of ground-breaking science from two great companies. dsm-firmenich now stands out as a category of one, uniquely working at the intersection between what people individually want and what we collectively need, without costing the Earth. After all, what is essential has limited impact if it is not desirable, and that impact is not positive if it is not sustainable. And sustainable things that people don't want or need don't help much! We are truly global, built on an incredible foundation of proven world-class science with the broadest portfolio of nutrients, flavors, and fragrances. We are delighted to embark on this journey together as a single force for good as innovators in nutrition, health, and beauty,” the co-CEOs said in a statement released by the company today.
The deal between the two leading suppliers in the beaty space was first announced last year.
CEO Changes Coming
Geraldine Matchett and Dimitri de Vreeze are currently co-CEOs of new company. However, Matchett will leave the company on September 1, the firm announced. At that point, de Vreeze will be the lone CEO."Today marks a new beginning for us all that is the culmination of more than a century of ground-breaking science from two great companies. dsm-firmenich now stands out as a category of one, uniquely working at the intersection between what people individually want and what we collectively need, without costing the Earth. After all, what is essential has limited impact if it is not desirable, and that impact is not positive if it is not sustainable. And sustainable things that people don't want or need don't help much! We are truly global, built on an incredible foundation of proven world-class science with the broadest portfolio of nutrients, flavors, and fragrances. We are delighted to embark on this journey together as a single force for good as innovators in nutrition, health, and beauty,” the co-CEOs said in a statement released by the company today.
DSM-Firmenich Structure
DSM-Firmenich is now organized into four businesses: Perfumery & Beauty; Taste, Texture & Health; Health, Nutrition & Care; and Animal Nutrition & Health.The deal between the two leading suppliers in the beaty space was first announced last year.