Thomson Reuters

Proposal for the members of Neste Oil's supervisory board

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Source: Thomson Reuters

Neste Oil Corporation

Stock Exchange Release

18 February 2010 at 9.30 am (EET)

 

 

Proposal for the members of Neste Oil's supervisory board

 

The Finnish State, representing 50.1 percent of Neste Oil's shares and voting rights, has announced that it will propose the following persons to be elected to Neste Oil's Supervisory Board for the upcoming term at the company's Annual General Meeting, which is to be held on 15 April 2010:

 

Heidi Hautala, Member of the Finnish Parliament (Chairman)

Kimmo Tiilikainen, Member of the Finnish Parliament (Vice Chairman)

Esko Ahonen, Member of the Finnish Parliament

Timo Heinonen, Member of the Finnish Parliament

Miapetra Kumpula-Natri, Member of the Finnish Parliament

Markus Mustajärvi, Member of the Finnish Parliament

Anne-Mari Virolainen, Member of the Finnish Parliament

 

Ms. Hautala, Mr. Tiilikainen, Mr. Ahonen, Mr. Heinonen, Mr. Mustajärvi and Ms. Virolainen should be re-elected for a further term of office. A candidate for new member of the Supervisory Board is Ms. Kumpula-Natri. All those concerned have given their consent.

 

The Finnish State proposes that the remuneration paid to the members of the Supervisory Board shall remain unchanged i.e. the Chairman be paid EUR 1,000 per month, the Vice Chairman EUR 600 per month, and other members EUR 500 per month. In addition, an attendance payment of EUR 200 per meeting shall be paid, and members' expenses reimbursed in accordance with the Company's travel policy.

 

Neste Oil's Nomination Committee's proposal for composition of the Board of Directors was published on 1 February 2010.

 

 

Neste Oil Corporation

Hanna Maula

Director, Corporate Communications

 

 

Further information:

Osmo Kammonen, Senior Vice President, Communication, Marketing and Public Affairs, tel. +358 50 458 4885

 

 

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 9.6 billion in 2009 and employs around 5,100 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.

HUG#1385837

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