Neste Oil appoints Arvo Ruotsalainen as Vice President, Shipping and Terminals

Neste Oil Corporation
Press release
27 August 2012 at 4 p.m. (EET)

Neste Oil appoints Arvo Ruotsalainen as Vice President, Shipping and Terminals

Engineer Arvo Ruotsalainen (56) has been appointed Vice President of Neste Oil's Shipping and Terminals unit which employs approximately 700 persons and is responsible for Neste Oil's marine transportation of raw materials and products, as well as for the storage and distribution of the products. Mr. Ruotsalainen will assume the new position by 1 October, 2012.

Arvo Ruotsalainen has worked within Neste Oil Corporation since 1988, for example as Retail Business Director in Baltic Rim and Managing Director in Russia, and most recently as Vice President responsible for Traffic Service Finland. Ruotsalainen will report to Ilkka Poranen, Neste Oil's Senior Vice President of Production and Logistics. Ruotsalainen will replace Niko Ristinkankare, who will leave the company on August 31 to continue his career elsewhere.

Neste Oil Corporation

Matti Lievonen
President and CEO

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world's leading supplier of renewable diesel. Neste Oil had net sales of EUR 15.4 billion in 2011 and employs around 5,000 people, and is listed on NASDAQ OMX Helsinki.

Neste Oil is included in the Dow Jones Sustainability World Index and the Ethibel Excellence Investment Register, and has featured in The Global 100 list of the world's most sustainable corporations for a number of years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil & gas sector. Further information: www.nesteoil.com