Martina Flöel, a member of the Board of Directors of
The Nomination Board had, according to the stock exchange release published on
"Martina Flöel was elected as a Board member of Neste in 2017. I wish to thank Martina for her excellent work for Neste and for her strong contribution as a member of the Board," says
Neste Board of Directors has decided, based on the request of the Nomination Board, to update points 12 and 13 of the Invitation to the AGM published as a stock exchange release on
"12. Deciding the number of members of the Board of Directors
The Nomination Board proposes that the Board shall have nine members.
13. Election of the Chair, the Vice Chair, and the members of the Board of Directors
The Nomination Board proposes that
Further, the Nomination Board proposes that
Of the current Board members,
All persons proposed for Board service have given their consent to serving on the Board and are considered to be independent of the Company and its major shareholders, with the exception of Director General Kimmo Viertola of the
As regards the selection procedure for the members of the Board of Directors, the Shareholders' Nomination Board recommends that shareholders take a position on the proposal as a whole at the AGM. This recommendation is based on the fact that at Neste, in line with the Nordic governance model, the Shareholders' Nomination Board is separate from the Board of Directors. The Nomination Board, in addition to ensuring that individual nominees for membership of the Board of Directors possess the required competences, is also responsible for making sure that the proposed Board of Directors as a whole has the best possible expertise and experience for the Company and that the composition of the Board of Directors also meets other requirements of the Finnish Corporate Governance Code for listed companies."
The Invitation to the AGM, updated according to the Nomination Board's amended proposals (points 12 and 13), is attached to this release. In all other respects, the invitation to the AGM remains as published on
Susanna Sieppi
Vice President, Communications
Further information:
Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from
Attachment: Invitation to the Annual General Meeting
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world's leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce their greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. Our ambition is to make the Porvoo oil refinery in
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