President and CEO, and Neste Leadership Team

Neste’s President and CEO, Heikki Malinen (b. 1962, M.Sc. (Econ.), MBA (Harvard)) manages the Company’s business operations in accordance with the Finnish Companies Act and instructions issued by the Board of Directors.

The President and CEO shall oversee the executive management of the company in accordance with instructions and orders given by the Board of Directors and is responsible for ensuring that the Company’s accounts are in compliance with the law and that its financial affairs have been arranged in a reliable manner. The President and CEO is appointed by the Board of Directors, which evaluates the performance of the President and CEO annually and approves his remuneration on the basis of a proposal by the Personnel and Remuneration Committee.

The Neste Leadership Team assists the President and Chief Executive Officer in the management and coordination of the implementation of the Neste’s strategic and operational goals. The Neste Leadership Team consists of the following persons:

Heikki Malinen

Born 1962

President and CEO, Chair of the Neste Leadership Team

M.Sc. (Econ.), MBA (Harvard)

President and CEO of Neste as of 15 October 2024

President and CEO of Neste. Responsible for leading the Renewable Products business area. Previously served as President and CEO at Outokumpu Corporation 2020–09/2024, President and CEO at Posti Group Corporation 2012–2019, President and CEO at Pöyry PLC 2008–2012, Executive Vice President, Strategy, member of the Executive Team at UPM-Kymmene Corporation 2006–2008, President at UPM North America 2004–2005, President of Sales at UPM North America 2002–2003, Managing Partner at Jaakko Pöyry Consulting, New York, USA 2000–2001, several directorial and managerial roles at ie. McKinsey & Co and UPM 1986–1999. Vice Chair, EK, Confederation of Finnish Industries 2023–. Vice Chair, Technology Finland 2023–. Member of the Board of Directors of Neste Corporation 2023–06/2024.

Markku Korvenranta

Born 1966

Executive Vice President, Oil Products, and Chief Operating Officer

M.Sc. (Eng)

Member of the Neste Leadership Team since 2021

Joined the company in 2021. Previously responsible for the Oil Products business unit. Earlier served as SVP, Group Portfolio Development at Marquard & Bahls, in Germany 2019–2021. EVP, Base Chemicals and Member of Executive Board at Borealis in Austria 2010–2018. Before that had several directorial and managerial roles at Borealis in Austria, Finland, Denmark and Belgium 1994–2010. Has also served in various roles at Neste Chemicals in Finland 1990–1994. Member of the Board of Directors of Oiltanking in Germany 2021–.

Hannele Jakosuo-Jansson

Born 1966

Executive Vice President, People & Culture

M.Sc. (Eng.)

Member of the Neste Leadership Team since 2006

Joined the company in 1990. Responsible for human resources, safety, communications, brand sustainability and public affairs. Prior to her executive roles at Neste, served as Vice President, Human Resources at Oil Refining 2004–2005 and Laboratory and Research Manager at the Technology Center 1998–2004. Chair of the Skills and Competence Committee of the Chemical Industry Federation of Finland. Vice Chair of the Skilled workforce Committee at the Confederation of Finnish Industries EK. Member of the Board of Directors of Finnair, Chair of the People and Remuneration Committee of the Finnair Board Plc 2021–. Directors' Institute of Finland, Senior Advisor 2023–.

Eeva Sipilä

Born 1973

Chief Financial Officer as of 1 May 2025 at the latest

M.Sc. (Econ.), CEFA

Vice Chair of the Neste Board since 2023

Member of the Neste Board since 2022

Independent member

Member of the Neste Leadership Team as of 1 May 2025 at the latest

Chief Financial Officer, Deputy to CEO, Metso Corporation 2016– (Metso Outotec Corporation 2020–2023). Executive Vice President, Chief Financial Officer, Cargotec Corporation 2008–2016. Senior Vice President, Communications and Investor Relations, Cargotec Corporation 2005–2008. Various positions at Metso Corporation, Mandatum Stockbrokers part of Sampo Group and Arkwright AB 1997–2005. Supervisory Board Member, Varma, 2021–. Chair of Neste’s Audit Committee.

Anssi Tammilehto

Interim Chief Financial Officer, and Vice President Investor Relations

M.Sc, Economics

Interim member of the Neste Leadership Team as of 28 October 2024