Neste Corporation has announced that its Board of Directors has appointed Peter Vanacker President and CEO of Neste, with effect from, 1 November 2018, and will take over from Matti Lievonen, who will act as the President and CEO, until 31 October 2018.
Currently, Peter Vanacker serves as the CEO and Managing Director of CABB Group GmbH, a leading globally active fine and specialty chemicals company. Vanacker held various executive positions at Bayer, where he was responsible for the global polyurethanes business and many significant investment projects, prior to CABB.
"The Board of Directors has assessed that Peter Vanacker's experience and expertise are well suited to the strategic goals of Neste,” said Jorma Eloranta, Chair of Neste's Board of Directors. “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. Vanacker's broad international experience from the chemicals and polymers industry, proven track record in several strategic transformations and large-scale investment projects, and multicultural leadership skills will be very welcome for Neste.”
Peter Vanacker said, "I am looking forward to continuing Neste's success story by further pushing boundaries together with all Neste's employees, the Board of Directors and my colleagues in the Executive Board. Neste is an amazing company characterized by an innovative spirit, high performance, global leadership and the enthusiasm of its employees."
Matti Lievonen, Neste's President and CEO said, "It has been a privilege to develop this company together with skilled and committed personnel for ten years. I have enjoyed every moment and I will continue with full energy and excitement until the final day of my duties at Neste. I am glad that I will be able to pass a successful and strong Neste onto my successor." PWKD12022018