The Board of the fund consists of ten voting members, all of whom are appointed by the Board. The employers (SABIC Europe BV, SABIC Limburg BV, SABIC Capital BV, SABIC Innovative Plastics BV, SABIC Global Technologies BV, SHPP BV, SHPP Sales BV en SHPP Global Technologies BV) collectively nominated four members. The Works’ Councils at SABIC nominate two members, while retirees nominate another two members (themselves retirees). The two external Board professionals and the external independent Chairman are appointed by the Board.

Executive Board

The Executive Board is made up of the Chair and the Deputy Chair. The Executive Board takes care of the day-to-day issues relating to implementation and other aspects arising from policy choices within the Board’s framework.

Passing of Stuf Kaasenbrood

In August, Stuf Kaasenbrood died as a result of a fatal accident. Stuf was not only a board member but also deputy chairman. Stuf’s death took a heavy toll on the board. Not only was he a board member who put his heart and soul into the proper implementation of the pension scheme, he was also closely involved in important files such as the sale of the pension administrator DPS by dsm-firmenich.

Board composition

The Board has taken note of the findings and recommendations in the Review Committee’s and the Accountability Council’s evaluations. Some of the findings and recommendations will inform the Board’s actions in 2024.

The Board's full response to the Supervisory Board and Accountability Council's evaluations, as well as the text of the evaluations, can be read in SPF's full annual report (PDF, in Dutch only), which is also available on SPF's website.