2013-02-01 07:35:35 -
Neste Oil Corporation
Stock Exchange Release
1 February 2013 at 8.30 a.m. (EET)
Neste Oil's Nomination Board's proposal for the composition of the Board of
The Nomination Board, established by Neste Oil Corporation's Annual General
Meeting (AGM) on 28 March 2012, will propose to the AGM to be held on 4 April
2013 that the company's Board of Directors should comprise the following
Mr. Jorma Eloranta should be re-elected as Chair and Ms. Maija-Liisa Friman as
Vice Chair of the Board. In addition, Board members Mr. Michiel Boersma, and Ms.
Laura Raitio should be re-elected for a further term of office. The Nomination
Board's candidates for new Board members are Mr. Willem Schoeber Ph.D. (Tech.),
Ms. Kirsi Sormunen M.Sc. (Econ.), and Mr. Per-Arne Blomquist B.Sc. (Econ.). All
those concerned have given their
consent to serving on the Board and are
considered independent of the company and its major shareholders.
Regarding the current members of the Board, Mr. Hannu Ryöppönen has stated that
he can no longer continue as a member because of his new duties elsewhere, Ms.
Nina Linander has served for the agreed maximum time for a member, and Mr.
Markku Tapio, as an employee of the Prime Minister's Office's Ownership Steering
Department, can no longer serve on the board of a listed company under the
latest principles covering board memberships.
"On behalf of the Nomination Board, I would like to thank the members who will
step down at the AGM for the valuable contribution that they have made to the
work of Neste Oil's Board of Directors," says Jarmo Väisänen, Chair of the
The Nomination Board considers that the current number of members of Neste Oil's
Board of Directors (seven) remains appropriate.
The Nomination Board will also propose that the remuneration paid to the Board
of Directors for its following term of office should remain unchanged and be as
Chair, EUR 66,000/year
Vice Chair, 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. In addition, Board members' traveling costs
will be reimbursed in accordance with the company's travel policy.
The Shareholders' Nomination Board was appointed in November 2012. In accordance
with a decision made by the Annual General Meeting, the Nomination Board
consisted of representatives of the company's three largest shareholders as of
1 November 2012: Senior Financial Counselor Jarmo Väisänen 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 Chair of Neste Oil's
Board of Directors, Jorma Eloranta, served as the Nomination Board's expert
member. The Nomination Board was assisted by Executive Search Consultancy EWK
Career and other relevant information on all those proposed for Board service
can be found at www.nesteoil.com. Information on the proposed new members of the
Board - Mr. Schoeber, Ms. Sormunen, and Mr. Blomquist - is attached.
Neste Oil Corporation
Director, Corporate Communications
Further information: Jarmo Väisänen, Chair of the Nomination Board, tel. +358
(0)9 1602 3015
Willem Schoeber's CV and photo
Kirsi Sormunen's CV and photo
Per-Arne Blomquist's CV and photo
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. Neste Oil had net sales of EUR 15.4 billion in 2011 and employs around
5,000 people, and is listed on NASDAQ OMX Helsinki.
Neste Oil is included in the Dow Jones Sustainability World Index and the
Ethibel Pioneer Investment Register, and has featured in The Global 100 list of
the world's most sustainable corporations for many years. Forest Footprint
Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil &
gas sector. Further information: www.nesteoil.com.
Kirsi Sormunen’s CV:
Per-Arne Blomquist’s CV :
Per-Arne Blomquist’s photo :
Kirsi Sormunen’s photo:
Willem Schoeber’s photo:
Willem Schoeber’s CV :
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Source: Neste Oil Oyj via Thomson Reuters ONE