05 November 2010

Neste Oil's Nomination Committee appointed

Published in Releases and news

Neste Oil Corporation     
Stock Exchange Release  
5 November 2010 at 2.30 pm (EET)

 

Neste Oil's Nomination Committee appointed
 
The following persons have been appointed to Neste Oil Annual General Meeting's Nomination Committee: Director General Pekka Timonen from the Ownership Steering Department at the Prime Minister's Office; Timo Ritakallio, Deputy CEO, Ilmarinen Mutual Pension Insurance Company; and Mika Kivimäki, Managing Director, OP Fund Management Company Ltd. The Chairman of Neste Oil's Board of Directors Timo Peltola serves as the Committee's expert member.
 
According to the decision made by the Annual General Meeting on 15 April 2010, the Nomination Committee consists of the representatives of the three largest shareholders as of 1 November 2010, and - as an expert member - the Chairman of the Board of Directors. The Nomination Committee is to prepare by 1 February 2011 a proposal concerning the composition and remuneration of the Board of Directors to be elected in the Annual General Meeting.
 
Neste Oil Corporation
Hanna Maula
Director, Corporate Communications
 
 
Further information: Matti Hautakangas, General Counsel, tel. + 358 50 458 5350


Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company is the world's leading supplier of renewable diesel. Neste Oil's refineries are located in Porvoo and Naantali and have a combined crude oil refining capacity of approx. 260,000 barrels a day. The company had net sales of EUR 9.6 billion in 2009 and employs around 5,100 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki.

Neste Oil has been selected into the Dow Jones Sustainability World Index and awarded 'Best in Class' recognition for its social accountability by Storebrand. The company is also featured in the Ethibel Pioneer Investment Register and included in Innovest's Global 100 list of the world's most sustainable corporations. Forest Footprint Disclosure (FFD) has ranked Neste Oil as the best performer in the oil & gas sector. Further information: www.nesteoil.com.