Neste Oil's Nomination Committee appointed
Neste Oil Corporation
Stock Exchange Release
9 November 2009 at 3.00pm (EET)
The following persons have been appointed to Neste Oil AGM's Nomination Committee: Director General Pekka Timonen from the Ownership Steering Department at the Prime Minister's Office; Timo Ritakallio, Deputy CEO, Ilmarinen Mutual Pension Insurance Company; and Risto Murto, Chief Investment Officer, Varma Mutual Pension Insurance Company. The Chairman of Neste Oil's Board of Directors Timo Peltola and Vice Chairman Mikael von Frenckell serve as the Committee's expert members.
According to the decision made by the Annual General Meeting on 3 April 2009, the Nomination Committee consists of the representatives of the three largest shareholders as of 2 November 2009, and - as expert members - the Chairman of the Board of Directors and one member elected by the Board from among its members unaffiliated with any of the Company's major shareholders. The Nomination Committee is to prepare by 1 February 2010 a proposal concerning the composition and remuneration of the Board of Directors to be elected in the Annual General Meeting.
Neste Oil Corporation
Director, Corporate Communications
Further information: Matti Hautakangas, General Counsel, tel. + 358 50 458 5350
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company is the world's leading supplier of renewable diesel. Neste Oil's refineries are located in Porvoo and Naantali and have a combined crude oil refining capacity of approx. 260,000 barrels a day. The company had net sales of EUR 15 billion in 2008 and employs around 5,200 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki.
Neste Oil has been selected into the Dow Jones Sustainability World Index and awarded 'Best in Class' recognition for its social accountability by Storebrand. The company is also featured in the Ethibel Pioneer Investment Register and included in Innovest's Global 100 list of the world's most sustainable corporations. Further information: www.nesteoil.com.