President and CEO Peter Vanacker to resign from Neste

After three years, Vanacker will leave his position at Neste at the latest in June 2022.

Neste Corporation’s President and CEO Peter Vanacker has given notice of his resignation from the company. He will leave his position at Neste at the latest in June 2022. The search for Vanacker’s successor starts immediately.

“During these past three years, Neste has been able to renew and execute its growth strategy, become a global company and further expand into new market areas. At the same time, the company's financial results have been solid and Neste has achieved its long-term financial goals and generated value for both its shareholders and other stakeholders,” says Matti Kähkönen, Chair of Neste’s Board of Directors.

“The journey we shared has been exceptional. Neste is a strong company with great culture and I know that Neste's committed personnel will drive the strategy execution forward with determination,” says Peter Vanacker.

In 2020, Neste's revenue stood at €11.8 billion, with 94% of the company’s comparable operating profit coming from renewable products.