HBW Market News: DSM Taps Co-CEOs, Bayer Consumer Ex-US Changes Ad Firm, Recover 180° Sponsors Champ, More

Former PepsiCo exec Beraud's Sh’nnong Beverage launches Ma Functional Iced Teas with CBD+ Natural Botanicals; Chobani expands beyond yogurt with oat-based products; Recover 180° sponsors boxer Deontay Wilder; Mighty Self Balance CBD targets inflammation; Oki CBD drinks reach Florida; Bayer consumer taps ad firm MullenLowe; and Royal DSM will have co-CEOs when CEO Sijbesma leaves.

DSM Board
Royal DSM CEO Feike Sijbesma, center, will pass his leadership responsibilities to Geraldine Matchett, left, and Dimitri de Vreeze as co-CEOs in May 2020.

Global nutrition and health care ingredient company Royal DSM CEO Feike Sijbesma will pass his leadership responsibilities to Geraldine Matchett and Dimitri de Vreeze as co-CEOs in May 2020. In a 2 December release, the Dutch firm stated Sijbesma decided to step down after 20 years to pursue other business and personal opportunities and will hand the reigns over on 1 May.

In her co-CEO assignment, Matchett will focus on financial management and capital markets a communication, capital allocation, talent and culture development as well as digital strategy and new ways of working; in his post, Dimitri will focus on operational delivery, customer centricity, driving growth and efficiency and innovation and research and development programs. Matchett joined DSM as chief financial officer and board member in 2014 and de Vreeze has served in multiple business roles since 1990 and as a board member since 2013

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