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Peter Vanacker appointed President and CEO of Neste Corporation

Neste Corporation's Board of Directors has appointed Peter Vanacker (1966) President and CEO of Neste as of 1 November 2018.

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Peter Vanacker will join Neste on 1 September 2018 as a Senior Executive and start familiarizing himself with the business and operations. Matti Lievonen, who has served as Neste Corporation's President and CEO since 2008, will retire at the end of the year.

“Neste is an amazing company characterized by an innovative spirit, high performance, global leadership and the enthusiasm of its employees," says Peter Vanacker.

Peter Vanacker is currently CEO and Managing Director of CABB Group GmbH. CABB is a leading globally active fine and specialty chemicals company. Prior to CABB, Vanacker has had a long career in various executive positions at Bayer, where he was responsible for the global polyurethanes business and many significant investment projects.

"The Board of Directors has assessed that Peter Vanacker's experience and expertise are well suited to the strategic goals of Neste. Going forward, Neste's target is to be a leading global renewables company with solutions for decarbonizing not only road transport, but also aviation and chemical markets,” said Jorma Eloranta, Chair of Neste's Board of Directors.

Finland’s Neste is the world's largest producer of renewable diesel refined from waste and residues.

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