Neste to drive successful execution of its global growth strategy in renewable products with new organizational structure

Neste to drive successful execution of its global growth strategy in renewable products with new organizational structure

(PRESS RELEASE) ESPOO, 19-Feb-2019 — /EuropaWire/ — Neste Corporation redesigns its organizational structure to strengthen its global growth strategy in renewable products. Neste will divide its growing Renewable Products business area into three business units and one operational platform each of which has its own Executive Vice President responsible in Neste’s Executive Committee: Renewable Road Transportation, Renewable Aviation, Renewable Polymers & Chemicals, and the Renewables Platform.

Neste’s President and CEO Peter Vanacker: “Neste has become a global leader in renewable products produced from waste and residues. We see further growth opportunities and demand for renewable and circular solutions not only in road transport but also in aviation, and the polymers and chemicals value chain.”

“By redesigning our organization and executive-level positions, we want to ensure that we are able to deliver sustainable, renewable solutions to our customers even more efficiently. I am confident that this change will enable a faster and bolder execution of our global growth strategy and thus, help Neste to achieve both profitable growth and sustainability aspirations.”

New executive appointments and changes in Neste’s Executive Committee have been made. All changes will take effect as of 1st May, 2019.

Neste’s current Vice President of Sales Scandinavia, Renewable Products business area, Carl Nyberg has been appointed Executive Vice President, Renewable Road Transportation.

Executive Vice President of Neste’s Oil Products business area and a member of the Executive Committee, Matti Lehmus has been appointed Executive Vice President of the Renewables Platform. His scope of Work will cover the management and development of the renewables’ production and supply chain.

Marko Pekkola has been appointed Executive Vice President, Oil Products business unit.

Kaisa Hietala, current Executive Vice President of Neste’s Renewable Products business area, has announced her departure from the Group.

“On behalf of Neste’s Board and Executive Committee, I would like to express my warmest thanks to Kaisa Hietala for her extensive career at Neste. She has been an important and valuable member of Neste’s change journey from an oil refining company to a global leader in renewable products and the world’s third most sustainable company”, says Peter Vanacker.

The responsibilities of other members of the Executive Committee have also been adjusted as follows.

The composition of Neste Executive Committee as of 1st May, 2019:

• Peter Vanacker, President and CEO
• Carl Nyberg, Executive Vice President, Renewable Road Transportation
• Executive Vice President, Renewable Aviation to be announced later
• Executive Vice President, Renewable Polymers & Chemicals to be announced later
• Matti Lehmus, Executive Vice President, Renewables Platform
• Marko Pekkola, Executive Vice President, Oil Products
• Panu Kopra, Executive Vice President, Marketing & Services
• Jyrki Mäki-Kala, Chief Financial Officer, Strategy and IT
• Hannele Jakosuo-Jansson, Senior Vice President, Human Resources, Procurement and Safety
• Simo Honkanen, Senior Vice President, Sustainability, Public Affairs and Communications
• Lars Peter Lindfors, Senior Vice President, Innovation
• Christian Ståhlberg, General Counsel

The changes in the organizational structure will not affect Neste’s reporting segments, which remain: Renewable Products, Oil Products, Marketing & Services, and Others. All of the members of the Neste Executive Committee report to President and CEO Peter Vanacker.

SOURCE: Neste