people · 11/1/2018

Peter Vanacker starts as President and CEO of Neste Corporation

Neste Corporation Stock Exchange Release 1 November 2018 9 am. (EET)

As disclosed on 9 February 2018, Peter Vanacker (born 1966, M.Sc. Chem. Eng.) starts today on 1 November 2018 as the President and CEO of Neste Corporation. He joined Neste in September 2018 as a Senior Executive and since then has familiarized himself with Neste's business and operations.

Peter Vanacker joins Neste after working as the CEO and Managing Director of CABB Group GmbH. CABB is a leading globally active fine and specialty chemicals company. Prior to CABB, Vanacker has had a long career in various executive positions at Bayer, where he was responsible for the global polyurethanes business and many significant investment projects. A CV and photo of Peter Vanacker are included in this release.

“Neste has been very successful in the past ten years in changing from a national oil refining company to the world's largest sustainable producer of renewable diesel. We will continue to work hard together with Neste's employees, the Board of Directors and my colleagues in the Executive Board to deliver profitable growth and be focused on creating the future. At the same time, we will continue renewing and challenging ourselves," says Peter Vanacker, the President and CEO of Neste.

“I am impressed with the drive and motivation every single employee at Neste has for being part of the company. I have learned that, as employees, we are passionate about creating a healthier planet for our children. For me, this is very inspiring and forms the DNA of our company”, Vanacker continues.

Matti Lievonen, who has served as Neste Corporation's President and CEO since 2008, will retire after reaching his retirement age.

Neste Corporation

Kaisa Lipponen
Director, Corporate Communications and Brand Marketing

More information: Kaisa Lipponen, Corporate Communications and Brand Marketing, tel. +358 50 458 5044, kaisa.lipponen(at)


Peter Vanacker’s CV
Picture of Peter Vanacker

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing  renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2017, Neste's revenue stood at EUR 13.2 billion. In 2018, Neste placed 2nd on the Global 100 list of the most sustainable companies in the world. Read more: