ESPOO, FINLAND, Nov 09 (MARKET WIRE) --
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
Hanna Maula
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.
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