investors · 4/5/2023

Change in the Neste Executive Committee

Neste Corporation, Stock Exchange Release, 5 April 2023 at 5:15 p.m. (EET)

Mr Thorsten Lange, Executive Vice President, Renewable Aviation since January 2020, steps down as a member of the Executive Committee and leaves the company. The search for his successor has been initiated. Mr Sami Jauhiainen, Vice President, Renewable Aviation, APAC, will take the lead in the Renewable Aviation business on an interim basis as of today. Mr Jauhiainen will not be a member of the Executive Committee, but will report directly to the President and CEO Matti Lehmus.

“I want to thank Thorsten for successfully building up our Renewable Aviation business in the past years and wish him all the best in his future endeavours,” says Matti Lehmus, President and CEO of Neste.

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: