Board of Directors

Under the Company’s Articles of Association, the Board of Directors consists of five to eight members elected at the Annual General Meeting for a term ending at the following AGM. The shareholdings of the Members of the Board in Neste Corporation on 31.12.2016 include own holdings and controlled entities. The Board consists of seven members who were elected for a new term on 30 March 2016:

Jorma Eloranta
(born in 1951)

M.Sc. (Tech.)
D.Sc. (Tech.) h.c.
Chair of the Board.
Member of the Board since 2011.
Independent member.
President and CEO of Metso Corporation 2004–2011. President and CEO of Kvaerner Masa-Yards Inc. 2001–2003. President and CEO of Patria Industries Group 1997–2000. Deputy Chief Executive of Finvest Group and Jaakko Pöyry Group 1996. President of Finvest Ltd 1985–1995. Chair of the Boards of Suominen Corporation and Uponor Corporation. Chair of the Board and President of Pienelo Ltd. Vice Chair of the Board of the Finnish Fair Foundation and Stora Enso. Member of the Board of Cargotec. Chair of the Personnel and Remuneration Committee's of Neste, Suominen and Uponor. Member of the Remuneration Committee of Stora Enso. Member of the Nomination and Compensation Committee of Cargotec. Member of the Shareholders' Nomination Boards of Neste, Stora Enso and Suominen. Expert member of the Shareholders’ Nomination Board of Uponor. Vice Chairman of the Supervisory Board in Finnish Naval Foundation.

Holdings in Neste Corporation on 31.12.2016: 12,985 shares
Maija-Liisa Friman
(born in 1952)

M.Sc. (Chem. Eng).
Vice Chair of the Board.
Member of the Board since 2010.
Independent member.
President and CEO of Aspocomp Group Plc 2004–2007. Managing Director of Vattenfall in 2000–2004 and Managing Director of Gyproc 1993–2000. Chair of the Board of Helsinki Deaconess Institute Foundation. Member of the Boards of SCA, Finnair, LKAB and Securities Market Association. Chair of the Audit Committee of Finnair. Partner of Boardman. Member of Neste's Personnel and Remuneration Committee.

Holdings in Neste Corporation on 31.12.2016: 6,000 shares
Laura Raitio
(born in 1962)

M.Sc. (Chem. Eng.), Lic. Tech. (forest products technology).
Member of the Board since 2011.
Independent member.
CEO of Diacor Medical Services 2014–. Executive Vice President, Building and Energy 2009–2014 and Member of the Executive Management Team 2006–2014, Ahlstrom. Ahlstrom’s Senior Vice President, Marketing (sales network, human resources, communications and marketing) 2006–2008. Ahlstrom’s Vice President and General Manager for Wallpaper & Poster, Pre-impregnated Decor, Abrasive Base in Osnabrück, Germany 2002–2005. Managing Director of Ahlstrom Kauttua 2001–2002. Several managerial positions within Ahlstrom’s specialty paper business since 1990. Member of the Board of Boardman and Suominen. Member of Neste's Audit Committee.

Holdings in Neste Corporation on 31.12.2016: 1,500 shares
Jean-Baptiste Renard
(born in 1961)

M.Sc. (Eng) and an engineering diploma in petroleum economics from the French Petroleum Institute (IFP).
Member of the Board since 2014.
Independent member.
Founder and CEO, 2PR Consulting, independent energy expert and consultant. Several positions at BP 1986–2010; Regional Group Vice President for Europe and Southern Africa BP Plc 2006–2010, Group Vice President, Business Marketing and New Markets, and member of Downstream Executive Committee BP Plc 2003–2006. Non-Executive Director of Masana Petroleum Solutions (South-Africa); Non-Executive Director of IFP Training (France); Non-Executive Director of CLH (Spain); pro bono consulting for social entrepreneurs. Supervisory Board Member of Entreprendre&+. Advisory Board Member of IFP School; Member of Neste’s Personnel and Remuneration Committee.

Holdings in Neste Corporation on 31.12.2016: 7,650 shares
Willem Schoeber
(born in 1948)

Dr. (Chem. Eng.)
Member of the Board since 2013
Independent member.
Independent business consultant. Formerly Chair of the Boards of Directors of EWE Turkey Holding AŞ, Bursagaz AŞ and Kayserigaz AŞ 2010–2015. Member of the Management Board of EWE AG, responsible for power generation and international business (Turkey and Poland) 2010–2013. Chair of the Management Board at swb AG (Bremen) 2007–2011. Several positions at Royal Dutch Shell Group’s companies 1977–2007, in particular in oil refining. Presently Member of the Supervisory Board of Gasunie N.V. (Groningen) since 2013 and Member of the Board of Directors of Societatea Energetica "Electrica" S.A. (Bucharest) since 2016. Member of Neste’s Audit Committee.

Holdings in Neste Corporation on 31.12.2016: 2,000 shares
Kirsi Sormunen
(born in 1957)

M.Sc. (Econ.).
Member of the Board since 2013.
Independent member.
Vice President, Corporate Responsibility at Nokia until December 2013. Vice President, Head of Sustainability 2009–2012, Vice President, Head of Environmental Affairs 2004–2009 and Vice President, Strategy Development at Nokia 2003–2004. Also served as Senior Vice President of Finance, Control & Planning for Nokia Americas at Nokia Inc., Irving, Texas 1999–2003, Senior Vice President of Finance & Control at Nokia Telecommunications 1995–1999, and Vice President & Group Treasurer, Head of Global Treasury activities at Nokia Group 1993–1995. Several positions within Nokia Group’s Treasury functions since 1982. Member of the Board of DNA and member of the Board of Directors of Sitra, The Finnish Innovation Fund. Member of the Board of Directors of Unicef, Finland. Member of Neste’s Audit Committee.

Holdings in Neste Corporation on 31.12.2016: 0 shares
Marco Wirén
(born in 1966)

M.Sc (Econ.)
Member of the Board since 2015.
Independent member.
Executive Vice President and Chief Financial Officer Wärtsilä since 2013. SSAB, Executive Vice President and CFO 2008–2013; SSAB, Vice President Business control 2007-2008; Eltel Networks, CFO and VP Business Development 2002–2007; NCC, VP Business Development and Group Controller 1995–2001. Chair of Neste's Audit Committee.

Holdings in Neste Corporation on 31.12.2016: 1,000 shares