Neste’s President and CEO, Peter Vanacker (b. 1966, MSc, Chemical Engineering, Polymers Engineering) manages the Company’s business operations in accordance with the Finnish Companies Act and instructions issued by the Board of Directors. The President and CEO shall oversee the executive management of the company in accordance with instructions and orders given by the Board of Directors and is responsible for ensuring that the Company’s accounts are in compliance with the law and that its financial affairs have been arranged in a reliable manner. The President and CEO is appointed by the Board of Directors, which evaluates the performance of the President and CEO annually and approves his remuneration on the basis of a proposal by the Personnel and Remuneration Committee.
The Executive Committee assists the President and Chief Executive Officer in the management and coordination of the implementation of the Neste’s strategic and operational goals. The present Executive Committee consists of the following persons:
President and CEO, Chair of the Executive Committee
M.Sc. (Chemical Engineering, Polymers Engineering)
President and CEO since 2018
President and CEO Peter Vanacker has on 9 December 2021 given notice of his resignation from the company. He will leave his position at Neste at the latest in June 2022.
Joined the company in 2018. Served as CEO and Managing Director, CABB Group GmbH 2015–2018 as well as CEO & Managing Director of Treofan 2012–2015. Worked as Executive Vice President and Member of the Executive Board of Bayer MaterialScience (today Covestro AG) 2004–2012 with responsibility of the global Polyurethanes business and as Chief Marketing and Innovation Officer. Before that had several directorial and managerial positions in Belgium, Brazil, US and Germany at Bayer since 1990. Chair of the Advisory Board for the European Institute for Industrial Leadership. Member of the Supervisory Board of Symrise AG.
Executive Vice President, Renewable Polymers and Chemicals
Member of the Executive Committee since 2019
Joined the company in 2019. Responsible for the Renewable Polymers and Chemicals business unit. Previously served as Marketing Director Advanced Polymer Solutions Europe in LyondellBasell in 2019, Managing Director Eng. Composites Europe 2016–2019, and Global Director Corporate Marketing in A. Schulman Inc. 2013–2016, as well as Global Business Excellence Leader, Advanced Materials in Dow Chemical Inc. Europe GmbH 2010–2013. Member of the Board of The European Chemical Industry Council (Cefic) 2020–.
Executive Vice President, Marketing & Services
Member of the Executive Committee since 2016
Joined the company in 1996. Responsible for the Marketing & Services business unit. Previously served as Vice President in Oil Retail Sales in Finland and Baltic Rim 2014–2015, Vice President in Oil Retail Russia and Baltic Rim 2010–2014, General Manager in St. Petersburg Russia in 2009, Business Development Manager in Renewable Products 2007–2008, Sales Director in 2006, General Manager in Latvia 2003–2005 and in several other positions in the company. Member of the Board of East Office 2016–.
Executive Vice President, Oil Products
Member of the Executive Committee since December 2021
Joined the company in December 2021. Responsible for the Oil Products business unit. Served previously as SVP, Group Portfolio Development at Marquard & Bahls, in Germany, 2019–2021. EVP, Base Chemicals & Member of Executive Board in Austria, 2010–2018. Before that had several directorial and managerial roles at Borealis in Austria, Finland, Denmark and Belgium 1994–2010. Has also served in various roles at Neste Chemicals in Finland, 1990–1994. Member of the Board of Directors of Nordic Electrofuel AS in Norway 2020-2021. Member of the Board of Directors of Oiltanking GmbH in Germany 2021-.
Executive Vice President, Renewable Aviation
(M.Sc.) Banking and Auditing
Member of the Executive Committee since January 2020
Joined the company in January 2020. Responsible for the Renewable Aviation business unit. Previously served as Head of Fuel Procurement (global) at Lufthansa Group 2001–2019. Has also served as Product Manager, Automotive Lubricants at FUCHS DEA Schmierstoffe GmbH&Co KG 1999–2001, Director Industry Lubricants at DEA Mineraloel AG 1998–1999 as well as Marketing Manager and Pricing Groundfuels at DEA Mineraloel AG 1992–1997. Member of the IATA Fuel Steering Group. Previously as the Chairman of the IATA Commercial Fuel Group and Member of the IATA Fuel Working Group as well as a Member of the Star Alliance Fuel Advisory Group.
Executive Vice President, Renewables Platform
M.Sc. (Eng.), eMBA
Member of the Executive Committee since 2009
Joined the company in 1997. Responsible for the Renewables Platform. Previously responsible for the Oil Products business area 2014–2019. Has also served as Executive Vice President of the Oil Products and Renewables business area 2011–2014, Executive Vice President of the Oil Products business area 2009–2010, Vice President of the Base Oils business in the Specialty Products Division 2007–2009, Vice President of Oil Refining Business Development in 2007 and Gasoline Exports and Trading Manager 2004–2007 in the Oil Refining Division. Vice Chairman of the Board of the Chemical Industry Federation of Finland. Member of the Board of the Confederation of Finnish Industries (EK) until the end of 2020.
Executive Vice President, Renewable Road Transportation
M.Sc. (Economics and Business Administration)
Member of the Executive Committee since 2019
Joined the company in 2005. Responsible for the Renewable Road Transportation business unit. Served in various positions at Neste, most recently as Vice President of Sales Scandinavia of the Renewable Products business area 2016–2019, Vice President, Supply, Oil Products at Neste Geneva 2014–2016 and Trading Manager, Crude Oil 2013–2014. Managing Director of Neste AB 2017–2019. Member of the Board of SPBI (Swedish Petroleum and Biofuels Institute) 2018–2019.
Senior Vice President, Sustainability and Corporate Affairs
Member of the Executive Committee since April 2020
Joined the company in April 2020. Senior Vice President, Sustainability and Corporate Affairs. Served previously as the EVP Marketing & Corporate Affairs at Konecranes 2018–2020, VP, Corporate Affairs at Nokia 2015–2018, SVP, Marketing, Communications & Corporate Responsibility at Outotec 2012–2015 as well as Head of Communications, Federation of Finnish Financial Services 2010–2012. Various roles in global communications, investor relations, corporate responsibility and government relations at Elcoteq 2004–2009. Various roles at European Commission 1992–2004. Chair of the EU and Trade Policy Committee at the Confederation of Finnish Industries EK. Vice Chair of the Business at OECD Trade Committee. Member of the Board at Finland-China Trade Association and National Defense Course Association.
Senior Vice President, Human Resources, HSSEQ and Procurement
Member of the Executive Committee since 2006
Joined the company in 1990. Senior Vice President of Human Resources, HSSEQ and Procurement. Previously responsible for the Group’s Human Resources and Safety corporate functions. Served as Vice President, Human Resources at Oil Refining (2004–2005) and Laboratory and Research Manager at the Technology Center (1998–2004). Member of the Board of Directors of Finnair. Member of the Board of Directors of LUKE (Natural Resources Institute Finland) until the end of 2020.
Senior Vice President, Innovation
Ph.D. (Tech.), MBA
Member of the Executive Committee since 2009
Joined the company in 2007. Senior Vice President of Innovation. Previously responsible for Research & Development, Investment Management, Information Technology, Procurement, and Business Processes. Served previously as Senior Vice President, Technology and Strategy 2009–2012, Vice President for the company’s Research and Technology unit 2007–2009, Member of the Executive Committee of the Perstorp Group 2001–2007, as Executive Vice President, Renewal and Development 2001–2004 and prior to that at Neste as R&D Manager and various other positions 1989–2001. Member of the Board of the Fortum and Neste Foundation and Tikkurila Oyj.
Chief Financial Officer, Strategy and IT
Member of the Executive Committee since 2013
Joined the company in 2013. Chief Financial Officer and responsible for the Group’s strategy, financial management, investor relations, and risk management. Served in various business and corporate financial positions at Kemira 2005–2013. Previously worked for Finnish Chemicals. Member of the Supervisory Board of Ilmarinen Mutual Pension Insurance Company. Member of the Board of Directors and Audit Committee of Altia Corporation.
Chief Financial Officer (CFO), Strategy and IT, will take up the position on 8 May 2022, at the latest.
Dr.Sc. (Econ.), Lic.Sc. (Tech.)
Member of the Executive Committee since 2017
Joined the company in 2017. Responsible for the Group’s legal affairs and compliance. Secretary to the Executive Committee, the Board of Directors, the Audit Committee, the Shareholders’ Nomination Board and to the Stakeholder Advisory Panel. Served previously as General Counsel of Rettig Group Ltd 2015–2017, Director, Legal in Pohjola Bank plc 2011–2014, Senior Legal Counsel in Neste Oil Corporation 2007–2011 and Senior Associate in Roschier Attorneys Ltd 1998–2007.