President and CEO Peter Vanacker to resign from Neste

Stock Exchange Release, Insider Information, 9 December 2021 at 8.30 a.m. (EET)

Neste Corporation’s President and CEO Peter Vanacker has given notice of his resignation from the company. He will leave his position at Neste at the latest in June 2022. The search for Vanacker’s successor starts immediately.

“I warmly thank Peter for his great work in accelerating Neste’s transformation into a global leader in renewable and circular solutions driven by high climate ambitions. During these past three years, Neste has been able to renew and execute its growth strategy, become a  global company and further expand into new market areas. At the same time, the company's financial results have been solid and Neste has achieved its long-term financial goals and generated value for both its shareholders and other stakeholders”, says Matti Kähkönen, Chair of Neste’s Board of Directors.

“Three years as Neste's President and CEO has been a time of growth and transformation. I am extremely grateful for having had this opportunity to lead this company with the excellent Executive Committee team and with the support of Neste’s Board of Directors. Together we have expanded the markets for renewable products and developed new growth areas for the company, and set ourselves high sustainability ambitions. I would like to thank the members of the Board, the members of the Executive Committee and Neste's personnel for successful cooperation. The journey we shared has been exceptional. Neste is a strong company with great culture and I know that Neste's committed personnel will drive the strategy execution forward with determination”, says Peter Vanacker. 

Neste Corporation

Board of Directors

For more information, please contact: Neste’s media service, tel. +358 50 458 5076 / media@neste.com (weekdays between 8.30 a.m. and 4.00 p.m. EET).

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: neste.com