Neste Oil's Nomination Board's proposal for the composition of the Board of Directors

01.02.12 08:05
Neste Oil's Nomination Board's proposal for the composition of the Board of Directors

Neste Oil Corporation

Stock Exchange Release

1 February 2012 at 9.00 am (EET)

Neste Oil's Nomination Board's proposal for the composition of the Board of Directors

The Nomination Board, established by Neste Oil Corporation's Annual General Meeting on 14 April 2011, will propose to the Annual General Meeting to be held on 28 March 2012 that the company's Board of Directors should comprise the following members:

Mr Jorma Eloranta should be elected as the Chairman and Ms Maija-Liisa Friman as Vice Chairman of the Board. In addition, Board members Mr Michiel Boersma, Ms Nina Linander, Ms Laura Raitio, Mr Hannu Ryöppönen, and Mr Markku Tapio should be re-elected for a further term of office. Mr Timo Peltola, the long-standing Chairman of the Board of Neste Oil, has informed the company that he is not available for re-election. The Nomination Board will not propose a new member to replace Mr Peltola.

All those concerned have given their consent to serving on the Board. All nominees are considered independent, with the exception of Mr Markku Tapio, who is employed by Neste Oil's majority owner, the Finnish State.

The Nomination Board will also propose that the remuneration paid to the Board of Directors should remain unchanged and be as follows:

Chairman EUR 66,000/year

Vice Chairman EUR 49,200/year

Member EUR 35,400/year

Meeting fee EUR 600/meeting

The meeting fee also applies to Board committee meetings. The fee will be double for members living outside Finland.

The Shareholders' Nomination Board was appointed in November 2011. According to the decision made by the Annual General Meeting, the Nomination Board consisted of the representatives of the company's three largest shareholders as of 1 November 2011. The Nomination Board comprised the following members: Pekka Timonen, Director General of the Ownership Steering Department at the Prime Minister's Office; Timo Ritakallio, Deputy CEO, Ilmarinen Mutual Pension Insurance Company; and Mikko Koivusalo, Director, Investments, Varma Mutual Pension Insurance Company. The Chairman of Neste Oil's Board of Directors, Timo Peltola, served as the Nomination Board's expert member.

Career and other relevant information on all those proposed for Board service can be found at

Neste Oil Corporation

Hanna Maula

Director, Corporate Communications

Further information: Pekka Timonen, Chairman of the Nomination Board, tel. +358 50 582 2284

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentRating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world's leading supplier of renewable diesel. The company had net sales of EUR 11.9 billion in 2010 and employs around 5,000 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 is also featured in the Ethibel Excellence investment register. The company is included in The Global 100 list of the world's most sustainable corporations. Forest Footprint Disclosure (FFD) has ranked Neste Oil as the best performer in the oil & gas sector. Further information:

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the

information contained therein.

Source: Neste Oil Oyj via Thomson Reuters ONE



Breaking News

Kurs- und weitere Informationen zum Thema:

Neste OYJ

Aktuelle Diskussionen zum Thema:

Neste Oil Corp. ( A0D9U6 ) ein ... (28.07.11)
Neste Oil Corp. ( A0D9U6 ) hier ... (14.07.11)
Ein Treibstoff der anderen Art (20.04.06)

Aktuelle Nachrichten zum Unternehmen:

Auslandsaktien: Gesundgeschrumpf. (19.11.17)
GNW-News: Fahrzeuge des Fuhrpa. (21.09.17)
Neste Oil nach Zahlen deutlich fes. (25.10.11)
Neste Oil nach starken Zahlen gef. (25.10.11)

Alle Nachrichten zum Unternehmen

Aktuelle Analysen zu den Unternehmen:

Neste OYJ
Weitere Meldungen
01.02 Notice of report acc. to §§.
01.02 Hinweisbekanntmachung gem.
01.02 Marathon Petroleum Corporat.
01.02 Outokumpu - New share-bas.
01.02 Marathon Petroleum Corporat.
01.02 Ad hoc: Q-Cells SE erzielt .
01.02 NOKIA:Ad hoc: Notice of th.
01.02 Correction: Outokumpu's Ann.
01.02 Invitation to Pöyry's January.
01.02 Proposals of the Board of D.
01.02 Notice of Ahlstrom Corporat.
01.02 Ahlstrom financial statement.
01.02 Ad hoc: Deutsche Börse AG.
01.02 ÅF wins technical advisory .
01.02 RNB coordinates logistics op.
01.02 Outokumpu - notice to the E.
01.02 Outokumpu - notice of Annu.
01.02 RHJ International: Transparen.
01.02 Ad hoc: EASY SOFTWARE.
01.02 Ad hoc: Dresdner Factoring .
01.02 BWG Homes ASA: New or.
01.02 Neste Oil's Nomination Board.
01.02 Wizcom Technologies Ltd. :.
01.02 Wizcom Technologies Ltd. :.
01.02 Algeta schedules fourth qua.
01.02 Outokumpu's Annual Accoun.
01.02 Amer Sports redeems the E.
01.02 East Capital Explorer AB - .
01.02 Hydro's fourth quarter result.

Welche Social Networks nutzen Sie meistens?
Linked in

Stimmen: 28084 , Ergebnis

Status: nicht eingeloggt

Registrieren | Passwort vergessen?
Im Bereich Nachrichten:
Wirecard: Börsenampel weiter auf grün!
Experte: Stefan Hofmann, STOCK-WORLD
Mario Draghi warnt vor ...
Feingold-Research, (06:22)
Experte: Feingold-Research,
EZB: Steht eine baldige ...
Sabine Traub, Börse Stuttgart AG (06:15)
Experte: Sabine Traub, Börse Stuttgart AG
Deutsche Wirtschaft ...
Cornelia Frey, Börse Stuttgart AG (24.11.17)
Experte: Cornelia Frey, Börse Stuttgart AG
S&P500 nach Feiertag mit ...
Christian Zoller, (24.11.17)
Experte: Christian Zoller,
First Berlin - Valneva SE ...
First Berlin Equity Rese., (24.11.17)
Experte: First Berlin Equity Research,
Top-Flop-Strategie – ...
Sebastian Hell, QTrade (24.11.17)
Experte: Sebastian Hell, QTrade
Kaffee: Deutet sich ...
Jürgen Sterzbach, (24.11.17)
Experte: Jürgen Sterzbach,
Börsengeflüster: #EFG – ...
Fed, Öl und Inflation
Sven Weisenhaus, Stockstreet GmbH (24.11.17)
Experte: Sven Weisenhaus, Stockstreet GmbH
Diesel-Skandal? Börsianer ..., (24.11.17)
Schweizer Notenbankchef ...
Timo Emden, Chefanalyst von DailyFX (24.11.17)
Experte: Timo Emden, Chefanalyst von DailyFX
Siemens baut weltweit ...
Heiko Geiger, Bank Vontobel Europe . (24.11.17)
Experte: Heiko Geiger, Bank Vontobel Europe AG
Niquet's World
Neues vom Portal
Adelheid Rech: Ob kurz- oder langfristig; Wohnimmobilien lohnen sich
Letzte Börsen-Meldung
Letzte Börsen-Analyse
Top-Klicks News
Top-Klicks Analysen