In PDN’s further development to become a pension fund that implements the collective pension scheme for sixteen companies, a decision was reached to fill the vacant employer seat on the Board with a candidate from the other affiliated companies. This is to ensure that all affiliated companies’ interests are also formally represented in the PDN Board from now on.
The proposed candidate will be appointed as a Board member following review by the Supervisory Board and approval by De Nederlandsche Bank. We will introduce the new Board member to you as soon as possible following this approval.
In previous posts, we informed you of developments relating to the Board composition to create an efficient, independent Board with more focus on the affiliated companies, and not just on DSM-firmenich.
The expiry of the governance term of the current Chairman, who is also a Board member representing the employer, and the decision to opt for an independent Chairman, resulted in a vacancy for an employer’s seat that required filling. To reflect the change in the fund’s composition, in May the Board asked the affiliated companies, other than DSM-firmenich, to nominate a candidate.
The appointment of Arend de Jong as external and independent Chairman was reported in the newsletter on June 21. He now forms PDN's daily management team together with the operational Board members.
The new working method with operational Board members started early last year. In the new working method, two PDN Board members are charged with tasks that focus on process control at the fund and the implementation of decisions, including those relating to policy, made by Board. Please click here to read the full article. Eiko de Vries and Piet Molenaar were appointed for this in 2022. We introduced you to both Board members via PDN Magazine and news on the PDN website.