investors · 6/16/2023

Change in Neste’s Executive Committee

Neste Corporation, Stock Exchange Release, 16 June 2023 at 2 p.m. (EET)

Mercedes Alonso, Executive Vice President of Neste’s Renewable Polymers and Chemicals business unit has decided to leave the company to pursue other opportunities, and she will step down by the beginning of the fourth quarter. The search for Alonso’s successor will start without delay. 

“I warmly thank Mercedes for her great contribution in developing a new business for Neste, and accelerating the company to become a global leader in renewable and circular solutions. Together with her team she has developed a good platform for Renewable Polymers and Chemicals business to continue executing the growth strategy. I wish her all the best in her future endeavours,” says Neste’s President and CEO Matti Lehmus. 

Neste Corporation

Susanna Sieppi
Vice President, Communications

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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 sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce their greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. We have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. We also have set high standards for biodiversity, human rights and supply chain. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2022, Neste's revenue stood at EUR 25.7 billion. Read more: