Neste Appoints Members to Shareholders’ Nomination Board for Key Governance Decisions

Neste Appoints Members to Shareholders’ Nomination Board for Key Governance Decisions

(IN BRIEF) Neste has appointed members to its Shareholders’ Nomination Board, including representatives from key stakeholders. The Nomination Board plays a crucial role in proposing potential Board members and determining Board remuneration and size for the Annual General Meeting. The appointed members will present their proposals by January 31, 2024.

(PRESS RELEASE) ESPOO, 7-Sep-2023 — /EuropaWire/ —

The following members have been appointed to Neste’s Shareholders’ Nomination Board:

The Chair, Senior Ministerial Adviser, Financial Affairs Maija Strandberg of the Ownership Steering Department in the Prime Minister’s Office of Finland; Timo Sallinen, Senior Vice President, Investments of Varma Mutual Pension Insurance Company; President and CEO Jouko Pölönen of Ilmarinen Mutual Pension Insurance Company and Matti Kähkönen, the Chair of Neste’s Board of Directors.

In line with a decision taken by the Annual General Meeting (AGM) held on 4 April 2013, the Shareholders’ Nomination Board consists of four members, three of which shall be appointed by the company’s three largest shareholders as of the first weekday in September, who shall appoint one member each, with the Chair of Neste’s Board of Directors serving as the fourth member.

The Nomination Board is responsible for drafting and presenting proposals covering potential Board members to the AGM as well as the remuneration and number of members of the Board of Directors. The Nomination Board will forward its proposals for the AGM to the Board of Directors by 31 January 2024.

Neste Corporation

Susanna Sieppi
Vice President, Communications

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The company refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials.

As the world’s leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, Neste helps its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.

The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2022, Neste’s revenue stood at EUR 25.7 billion. Read more:

Media Contact:

Matti Kähkönen
Chair of the Board of Directors
tel. +358 10 458 0902
Krista Lundel

SOURCE: Neste Corporation


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