LONDON (Jan. 5)—Hidde Pieter Smit, formerly managing director of the Economic and Social Institute, Free University, Amsterdam, has taken up the post of secretary-general of the International Rubber Study Group.
Smit, 60, succeeds A.F.S. Budiman, who stepped down from the post Dec. 31 after five years of directing the international organization. Smit is credited with developing economic models of the natural rubber market, which attempt to predict medium- to long-term supply and demand and price movements. He held his post at Free University from 1995-2004.
Regarding his retirement, Budiman called his time at the IRSG "challenging and rewarding."
The IRSG is an intergovernmental organization dedicated to discussing matters affecting the supply and demand for both synthetic and natural rubber. It covers all aspects of the world rubber industry, including marketing, shipping distribution, trade in raw materials and the manufacture and sale of rubber products.