(IN BRIEF) Neste has announced a new Leadership Team to enhance operational efficiency and performance, effective immediately. Heikki Malinen, President and CEO, will also lead Neste’s Renewable Products business area. Markku Korvenranta has been appointed Executive Vice President of Oil Products and COO. Eeva Sipilä, previously CFO and Deputy CEO at Metso Corporation, will join as CFO by May 2025, with Anssi Tammilehto serving as interim CFO until then. Hannele Jakosuo-Jansson will continue as Executive Vice President, People & Culture. The restructured team aims to streamline leadership and decision-making at Neste. Martti Ala-Härkönen, the current CFO, will leave the company for other opportunities. Malinen expressed confidence in the new team’s ability to navigate Neste’s complex business environment and thanked Ala-Härkönen for his contributions.
(PRESS RELEASE) ESPOO, 28-Oct-2024 — /EuropaWire/ — Neste has restructured its Leadership Team to enhance efficiency and drive improved performance across the company. The changes, effective immediately, include key appointments to ensure focused leadership in a dynamic market environment.
Heikki Malinen, President and CEO, will also assume leadership of Neste’s Renewable Products business area, a strategic segment expected to be central to the company’s future value creation. Malinen highlighted the importance of this new role, emphasizing its potential to contribute significantly to Neste’s growth.
Markku Korvenranta has been named Executive Vice President of Oil Products and Chief Operating Officer (COO), continuing his role on the Leadership Team. He will be responsible for overseeing operations within the Oil Products segment, ensuring continued stability and development.
Eeva Sipilä has been appointed as Neste’s Chief Financial Officer (CFO) and will join the company by May 1, 2025. Until her arrival, Anssi Tammilehto, Vice President of Investor Relations, will serve as interim CFO. Sipilä brings extensive experience from her role as CFO and Deputy CEO at Metso Corporation. She has also served on Neste’s Board since 2022, including as Vice Chair since 2023.
“I am thrilled to welcome Eeva to our team. Her vast experience and deep understanding of our company will be invaluable as she takes on the role of CFO,” said Heikki Malinen, President and CEO of Neste. “I also want to extend my gratitude to Martti Ala-Härkönen for his dedication and hard work during his time as CFO, and I wish him every success in his future endeavors.”
In her new role, Eeva Sipilä will report directly to Heikki Malinen, along with Markku Korvenranta and Hannele Jakosuo-Jansson, who continues as Executive Vice President of People & Culture. Other members of the former Executive Committee will transition into different roles within the company, except Martti Ala-Härkönen, who will be departing Neste to pursue new opportunities.
Malinen expressed confidence in the newly formed Leadership Team, stating, “This reorganization is designed to sharpen our leadership focus and accelerate decision-making, enabling us to better navigate the complexities of our business landscape. I look forward to collaborating with the team as we work towards our strategic goals.”
With these changes, Neste aims to strengthen its ability to adapt and thrive in a competitive market, positioning the company for future growth and success.
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
Hanna Maula
Vice President, Communications and Brand
Tel.: +358 800 94025
email: media@neste.com
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First published in this link of EuropaWIRE.
