Neste Corporation, Stock Exchange Release, 6 September 2022 at 6 p.m. (EET)
The following members have been appointed to Neste's Shareholders' Nomination Board:
The Chair, Director General Kimmo Viertola 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 2023.
Vice President, Communications
More information: Matti Kähkönen, Chair of the Board of Directors, Neste, tel. +358 10 458 0902 / Krista Lundell
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 sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce their greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. We have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. We also have set high standards for biodiversity, human rights and supply chain. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2021, Neste's revenue stood at EUR 15.1 billion. Read more: neste.com