Neste Corporation’s Board of Directors has appointed Heikki Malinen, M.Sc. (Econ.), MBA (Harvard) as the President and CEO of Neste as of 2 November 2024, at the latest. Malinen joins Neste from Outokumpu Corporation where he has held the position of President and CEO since 2020. Malinen is currently a member of the Board of Directors of Neste, from which position he will step down before assuming the duties of the President and CEO.
“Heikki Malinen has a strong track record in developing and executing differentiated strategies, driving efficiency and leading people through a challenging business environment. He has vast experience globally from several industries, including the process industry. The Board of Directors is confident that Heikki is the right person to lead Neste forward and to execute on our growth agenda to create value for all our stakeholders,” says Matti Kähkönen, the Chair of the Board of Directors of Neste.
“Neste is globally recognized as the leader in sustainable fuels and renewable feedstock solutions. The industry is still at the beginning of a decades-long transformative growth era. The growth in sustainable aviation fuels, and in the polymers and chemicals sector, is ahead of us. Neste has a world-class R&D, technological and operational foundation and talented people on which to build its future growth. I am excited to join the great team of Neste to accelerate transformation and drive the journey towards reaching the company’s full potential,” says Heikki Malinen, Neste’s new President and CEO.
As announced on 29 April 2024, Neste’s current President and CEO Matti Lehmus will continue in his position until Heikki Malinen assumes the duties of the President and CEO.
Source: neste.com
Italy’s Treasury has sold a 2.8% stake in oil and gas company Eni, raising approximately €1.4bn. Despite this reduction, the Italian Government will own a third of Eni, with a combined stake of more than 30% held between the Treasury and state lender Cassa Depositi e Prestiti, which owns another 28.5% stake.
Umicore announces the appointment of Bart Sap as Chief Executive Officer, effective May 16th. He will succeed Mathias Miedreich who has decided to step down, in mutual agreement with the Supervisory Board. Bart Sap joined Umicore in 2004 and has been the Executive Vice President Catalysis since March 2021.
Hungarian energy and petrochemicals group MOL has inaugurated its €1.3 billion polyol complex in Tiszaújváros, Hungary, with a capacity of around 200,000 t/y of polyol, a widely used plastic raw material. According to MOL, the commissioning is a significant milestone, as it is the only company in Hungary and Central and Eastern Europe that covers the entire value chain from crude oil processing to polyol production.
