Change in membership in Neste's Shareholders' Nomination Board

Neste Corporation, Stock Exchange Release, 16 May 2019 at 3 pm. (EET)

The following members were appointed on 12 September 2018 to the Shareholders' Nomination Board of Neste Corporation: The Chair, Senior Financial Counsellor Jarmo Väisänen of the Ownership Steering Department in the Prime Minister’s Office of Finland; President and CEO Jouko Pölönen of Ilmarinen Mutual Pension Insurance Company; Deputy CEO Reima Rytsölä of Varma Mutual Pension Insurance Company and Matti Kähkönen, the Chair of Neste's Board of Directors.

Due to the retirement of Mr. Väisänen, Director General Kimmo Viertola of the Government Ownership Steering Department in the Prime Minister’s Office of Finland has been appointed as the Chair of the Shareholders' Nomination Board as of 16 May 2019.

The members of the Nomination Board are elected annually and their term of office ends when new members have been elected to replace them. The largest shareholders entitled to elect members to the Nomination Board are determined annually on the basis of the registered holdings as of the first weekday in September in accordance with the detailed rules included in the Charter for the Nomination Board.

Neste Corporation

Kaisa Lipponen
Director, Communications

More information: Matti Kähkönen, Chair, Board of Directors, Neste, tel. +358 10 458 0902 / Krista Lundell

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2018, Neste's revenue stood at EUR 14.9 billion. In 2019, Neste placed 3rd on the Global 100 list of the most sustainable companies in the world. Read more:


About Us

Neste in brief Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world’s leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the company’s comparable operating profit coming from renewable products. Read more:


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