Sector News

Matti Lehmus appointed as President and CEO of Neste as of 1 May 2022

March 27, 2022
Chemical Value Chain

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

Source: neste.com

comments closed

Related News

May 21, 2022

Sika opens new manufacturing plant in Bolivia 

Chemical Value Chain

Sika AG (Baar, Switzerland) has opened a new plant in Santa Cruz de la Sierra, thus doubling its production capacity for mortar and concrete admixtures in Bolivia. With this new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market.

May 21, 2022

Chevron increases renewable fuel market share with REG acquisition

Chemical Value Chain

Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) announced on Monday a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.

May 21, 2022

Lotte Chemical to invest $8 bn on hydrogen energy, battery materials by 2030

Chemical Value Chain

Lotte Chemical Corp. will invest 10 trillion won ($8 billion) on hydrogen and battery materials through 2030 to achieve annual revenue of 50 trillion won and carbon neutrality. The Korean chemical producer on Thursday unveiled its new corporate vision outlining key corporate strategies with focus on growth through hydrogen energy and battery materials businesses.