Neste Oyj — Board/Management Information 2021

Dec 9, 2021

President and CEO Peter Vanacker to resign from Neste

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 (http://www.neste.com/en)