Gerrit Zalm

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Gerrit Zalm (born 6 May 1952) is a retired Dutch politician of the People's Party for Freedom and Democracy (VVD) and businessman. Zalm studied Economics at the Free University Amsterdam obtaining a Master of Economics degree and worked as a civil servant for the Ministries of Finance, Economic Affairs and the Bureau for Economic Policy Analysis from June 1975 until August 1994 and worked as a professor of Political economy at his alma mater from January 1990 until August 1994. After the election of 1994 Zalm was appointed as Minister of Finance in the Cabinet Kok I taking office on 22 August 1994. After the election of 1998 Zalm continued his position in the Cabinet Kok II. After the election of 2002 Zalm was elected as a Member of the House of Representatives on 23 May 2002. Shortly after the election Party Leader and Parliamentary leader Hans Dijkstal announced he was stepping down and Zalm was anonymously selected as his successor as Leader on 16 May 2002 and became Parliamentary leader on 23 May 2002. For the election of 2003 Zalm served as Lijsttrekker (top candidate) and following a successful cabinet formation that formed the Cabinet Balkenende II was appointed as Deputy Prime Minister and Minister of Finance taking office on 27 May 2003. On 27 November 2004 Zalm announced he was stepping down as Leader in favor of and Parliamentary leader Jozias van Aartsen. The Cabinet Balkenende II fell on 30 June 2006 and was replaced by the caretaker Cabinet Balkenende III with Zalm continuing his offices. In August 2006 Zalm announced his retirement and that he wouldn't stand for the election of 2006. Zalm retired from active politics at 54 and became active in the private sector as a corporate director, and worked as a banker for the DSB Bank, Fortis Bank and ABN AMRO from July 2007 until February 2017. Following his retirement Zalm became active in the public sector as a non-profit director and served on several state commissions and councils on behalf of the government, and worked as a occasional mediator for coalition agreements. Zalm is known for his abilities as a skillful manager and effective debater and as of 2022 continues to comment on political affairs. He holds the distinction as the longest-serving Minister of Finance with 11 years, 240 days in Dutch history. (Source: DBPedia)