Neste Oyj — Board/Management Information 2024

Oct 28, 2024

Neste appoints a new Leadership Team and Eeva Sipilä as CFO

Neste appoints a new Leadership Team and Eeva Sipilä as CFO

Neste Corporation, Stock Exchange Release, 28 October 2024 at 9:00 (EET)
In order to improve operational efficiency and performance, Neste has appointed
a new Leadership Team as of today. The members of the Leadership Team are:
Heikki Malinen, who in addition to his President and CEO role, takes the lead of
Neste's Renewable Products business area, which will play an important role in
the company's value creation in the coming years.
Markku Korvenranta continues in the Leadership Team and has been appointed
Executive Vice President, Oil Products, and Chief Operating Officer (COO) of the
company.
Eeva Sipilä has been appointed Chief Financial Officer (CFO) and she will start
at Neste no later than 1 May 2025. Until then Anssi Tammilehto, Vice President,
Investor Relations, will act as interim CFO.
Hannele Jakosuo-Jansson continues in the Leadership Team as Executive Vice
President, People & Culture.
Korvenranta, Sipilä and Jakosuo-Jansson report to Heikki Malinen. The other
members of the former Executive Committee will continue in different positions
within the company except Martti Ala-Härkönen, Neste's current CFO, who will
leave the company and continue his career outside of Neste.
Eeva Sipilä (M.Sc. (Econ.), CEFA, born 1973) joins Neste from Metso Corporation
where she has served as CFO and Deputy CEO. She has been Vice Chair of the Board
of Neste since 2023 and Member of the Board since 2022.
"I'm delighted to welcome Eeva to Neste. She has an exceptional track record
from many demanding positions and as a current Board member, she already knows
Neste and its business environment. I wish Eeva the best of luck at Neste. I
would also like to thank Martti for his valuable contribution at Neste. He has
been very dedicated to his work and I wish him all the success in his future
endeavours,” says Heikki Malinen, President and CEO, and continues:
“I believe our new organisation is well suited to Neste's current situation. It
reflects our need to sharpen leadership and speed up decision-making to better
manage wide-ranging complexity in a challenging business environment. I wish all
members of the Leadership Team every success in their duties and look forward to
excellent, efficient and effective cooperation.”
Neste Corporation
Hanna Maula
Vice President, Communications and Brand

Further information: Please contact Neste's media service, tel. +358 800 94025 /
media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to
Neste's releases at https://www.neste.com/for-media/releases-and-news/subscribe.

Neste in brief

Neste (NESTE, Nasdaq Helsinki) uses science and innovative technology to
transform waste and other resources into renewable fuels and circular raw
materials. The company creates solutions for combating climate change and
accelerating a shift to a circular economy. Being the world's leading producer
of sustainable aviation fuel (SAF) and renewable diesel and a forerunner in
developing renewable and circular feedstock solutions for polymers and
chemicals, the company aims to help its customers to reduce their greenhouse gas
emissions by at least 20 million tons annually by 2030.
The company's ambition is to make the Porvoo oil refinery in Finland the most
sustainable refinery in Europe. Neste is committed to reaching carbon-neutral
production by 2035, and will reduce the carbon emission intensity of sold
products by 50% by 2040. Neste has also set high standards for biodiversity,
human rights and the supply chain. The company has consistently been included in
the CDP and the DJSI lists of the world's most sustainable companies. In 2023,
Neste's revenue stood at EUR 22.9 billion. Read more:
neste.com (http://www.neste.com)