Neste Corporation’s Board of Directors has appointed Matti Lehmus (born 1974) as President and CEO as of 1 May 2022. He succeeds Peter Vanacker, who will hold the position until 30 April 2022.
Matti Lehmus holds a M. Sc. in chemical engineering and an eMBA. He joined Neste in 1998, and has held several key leadership positions during his career in both the oil products business and renewables. He has been a member of the Neste Executive Committee since 2009, and currently serves as Executive Vice President, Renewables Platform.
“The Board of Directors commenced an international recruitment process immediately after Peter Vanacker’s resignation in December last year. The Board has carefully evaluated several candidates for their suitability to lead Neste’s next steps in delivering profitable growth. I am pleased to note that we found an excellent internal successor who is very well equipped to take over the role,” says Matti Kähkönen, the Chair of Neste’s Board of Directors.
“Matti Lehmus has the right experience and expertise to continue executing Neste’s proven growth strategy of becoming a global leader in renewable and circular solutions. His proven track record of major investment projects and M&A, along with his solid leadership and interpersonal skills, will be an excellent combination to ensure Neste’s further success,” continues Kähkönen.
“I have been deeply involved in a number of strategic decisions on Neste’s transformation journey, including the establishment of a production joint venture in the US, our Singapore expansion and the planning for a possible next capacity increase investment in Rotterdam. I am very pleased to take the helm at a moment when we are well on our way in the execution phase of our growth strategy, and I am looking forward to continuing our success story together with all my Neste colleagues in the Executive Committee and around the world. I want to thank the Board of Directors for the trust they have placed in me. I am excited about this opportunity to lead a company and people I know well and care about very much,” says Matti Lehmus.
“On behalf of Neste’s Board of Directors, I want to thank Peter Vanacker for his excellent work in making Neste a global leader in renewable and circular solutions. During his time as the CEO, the company has made major investments, expanded its geographical reach and increased the diversity of our personnel. Neste is in a very strong financial position and well prepared for its future expansion. I want to wish Peter all the best in his next role,” says Matti Kähkönen.
“It has been a privilege and pleasure to serve Neste for the past three and a half years. I am very glad that I will be able to pass the baton to my successor and trusted colleague in a smooth and organized transition process in the coming weeks,” says Peter Vanacker, Neste’s President and CEO.
By Neste, Press Release
INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.
The merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business has resulted in the formation of Polyvantis. This new company will offer extruded products in the forms film, sheet, pipe and rod for markets that include building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.
Abu Dhabi National Oil Co. (Adnoc) is considering plans to acquire upstream oil and gas company Wintershall DEA, an affiliate of BASF SE, according to a Bloomberg report citing people with knowledge of the matter. A deal to acquire Wintershall DEA could be worth more than €10 billion, the report said. BASF and Adnoc declined to comment on the report.