Neste Oyj Management

Management criteria checks 2/4

Neste Oyj's CEO is Matti Lehmus, appointed in May 2022, has a tenure of 1.92 years. total yearly compensation is €731.44K, comprised of 87.1% salary and 12.9% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth €585.61K. The average tenure of the management team and the board of directors is 1.9 years and 3.9 years respectively.

Key information

Matti Lehmus

Chief executive officer

€731.4k

Total compensation

CEO salary percentage	87.1%
CEO tenure	1.9yrs
CEO ownership	0.003%
Management average tenure	1.9yrs
Board average tenure	3.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Matti Lehmus's remuneration changed compared to Neste Oyj's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	€1b
Dec 31 2023	n/a	n/a	€1b
Sep 30 2023	n/a	n/a	€2b
Jun 30 2023	n/a	n/a	€1b
Mar 31 2023	n/a	n/a	€1b
Dec 31 2022	€731k	€637k	€2b

Compensation vs Market: Matti's total compensation ($USD782.46K) is below average for companies of similar size in the UK market ($USD5.63M).

Compensation vs Earnings: Insufficient data to compare Matti's compensation with company performance.

CEO

Matti Lehmus (49 yo)

1.9yrs

Tenure

€731,441

Compensation

Mr. Matti Lehmus, M.Sc. (Eng.), eMBA, serves as Supervisory Board Member at Keskinäinen Eläkevakuutusyhtiö Ilmarinen since 2024. He is President & CEO of Neste Oyj from May 01, 2022. He had been an Executi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Matti Lehmus	President & CEO	1.9yrs	€731.44k	0.0034% € 585.6k
Martti Ala-Harkonen	CFO and Executive VP of Finance	1.9yrs	no data	0.0011% € 195.8k
Hannele Jakosuo-Jansson	Executive Vice President of Human Resources	18.3yrs	no data	0.0051% € 864.8k
Bart Leenders	Executive Vice President of Technology & Projects	1.3yrs	no data	0.00099% € 168.5k
Tommi Tuovila	Chief Information Officer	11.1yrs	no data	no data
Anssi Tammilehto	Vice President of Investor Relations	no data	no data	no data
Christian Ståhlberg	Executive VP of Legal & General Counsel	6.8yrs	no data	0.00096% € 163.4k
Patrick von Essen	Managing Director of Engineering Solutions	5.3yrs	no data	no data
Carl Nyberg	Executive Vice President of Renewables Supply Chain & Sustainability	1.3yrs	no data	0.0016% € 274.1k
Markku Korvenranta	Executive Vice President of Oil Products Business Unit	2.3yrs	no data	0.00027% € 46.0k
Katja Wodjereck	Executive Vice President of Renewable Products Business Unit	less than a year	no data	no data
Chris Cooper	President of Neste Us	1.8yrs	no data	no data

1.9yrs

Average Tenure

54yo

Average Age

Experienced Management: 0O46's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Matti Kahkonen	Independent Chairman of the Board	7.3yrs	€119.40k	0.0018% € 309.8k
Eeva Sipila	Independent Vice Chair of the Board	2.1yrs	€79.40k	0.00025% € 42.6k
Nick Elmslie	Independent Director	3.9yrs	€74.50k	0.00036% € 61.3k
Johanna Soderstrom	Independent Director	3.9yrs	€73.90k	0.00049% € 83.4k
Anne Kalmari	Chairman of Stakeholder Advisory Panel	no data	no data	no data
Timo Harakka	Vice Chairman of Stakeholder Advisory Panel	no data	no data	no data
Pekka Haavisto	Member of Stakeholder Advisory Panel	no data	no data	no data
Teuvo Hakkarainen	Member of Stakeholder Advisory Panel	no data	no data	no data
Harri Jaskari	Member of Stakeholder Advisory Panel	no data	no data	no data
Sanna Lauslahti	Member of Stakeholder Advisory Panel	no data	no data	no data
Mauri Pekkarinen	Member of Stakeholder Advisory Panel	no data	no data	no data
Veera Ruoho	Member of Stakeholder Advisory Panel	no data	no data	no data

3.9yrs

Average Tenure

59yo

Average Age

Experienced Board: 0O46's board of directors are considered experienced (3.9 years average tenure).

Neste Oyj Management

Management criteria checks 2/4

Key information

Recent management updates

Neste Announces Committees Election

Neste Oyj Approves Board Appointments

Neste Corporation Announces Kimmo Viertola Not to Stand for Re-Election as Board Member

Neste Corporation Announces Appointment of Shareholders Nomination Board

Neste Corporation Announces Death of Jari Rosendal, A Member of Board of Directors

Neste Oyj Announces Resignation of Mercedes Alonso as Executive Vice President

Recent updates

First quarter 2024 earnings released: EPS: €0.21 (vs €0.31 in 1Q 2023)

Dividend of €0.60 announced

Neste Announces Committees Election

Neste Oyj Approves Board Appointments

Upcoming dividend of €0.60 per share

Final dividend of €0.60 announced

Full year 2023 earnings released: EPS: €1.87 (vs €2.46 in FY 2022)

Neste Oyj Proposes Dividend for the Year 2023, Payable in Two Installments on 2 April 2024 and on 9 October 2024

Neste Corporation Announces Kimmo Viertola Not to Stand for Re-Election as Board Member

Neste Oyj (HLSE:NESTE) acquired additional 29% stake in Neste Demeter B.V.

Neste Oyj Expects A Reduction of Approximately 400 Roles Globally, Predominantly in Functions, in the Renewables Business and in Development Roles

Third quarter 2023 earnings released: EPS: €0.70 (vs €0.18 in 3Q 2022)

Neste Oyj to Report Fiscal Year 2023 Final Results on Feb 26, 2024

Neste Announces Second Extraordinary Dividend, Payable on 6 October 2023

Neste Corporation Announces Special Dividend, Effective September 28, 2023

Neste Corporation Announces Special Dividend, Effective September 28, 2023

Upcoming dividend of €0.51 per share at 2.9% yield

Neste Oyj Updates Production Outlook for Third-Quarter 2023

Neste Corporation Announces Appointment of Shareholders Nomination Board

Neste Corporation Announces Death of Jari Rosendal, A Member of Board of Directors

Second quarter 2023 earnings released: EPS: €0.34 (vs €0.78 in 2Q 2022)

Neste Oyj Updates Dividend Policy

Neste Oyj Announces Resignation of Mercedes Alonso as Executive Vice President

Now 20% undervalued after recent price drop

Neste Oyj (HLSE:NESTE) agreed to acquire minority stake in Changi Airport Fuel Hydrant Installation Pte. Ltd.

Neste Oyj (HLSE:NESTE) acquired PetroCard, Inc.

Now 21% undervalued after recent price drop

First quarter 2023 earnings released: EPS: €0.31 (vs €0.83 in 1Q 2022)

Upcoming dividend of €0.76 per share at 2.3% yield

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: €2.46 (vs €2.31 in FY 2021)

Neste Oyj (HLSE:NESTE) acquired Used Cooking Oil Collection and Aggregation Business and Related Assets in United States from Crimson Renewable Energy Holdings LLC.

Neste Corporation Announces Change in Composition of Nomination Board

Neste Corporation Appoints Katja Wodjereck as Executive Vice President, Renewable Road Transportation and A Member of the Executive Committee, Effective 1 April 2023

Neste Oyj (HLSE:NESTE) agreed to acquire Used Cooking Oil Collection and Aggregation Business and Related Assets in United States of Crimson Renewable Energy Holdings LLC.

Insufficient new directors

Third quarter 2022 earnings released: EPS: €0.18 (vs €0.66 in 3Q 2021)

Neste Oyj to Report Nine Months, 2023 Results on Oct 26, 2023

Neste Oyj, Annual General Meeting, Mar 28, 2023

Upcoming dividend of €0.41 per share

Neste Corporation Appoints Shareholders' Nomination Board

Neste Oyj (HLSE:NESTE) acquired Walco Foods Unlimited Company.

Second quarter 2022 earnings released: EPS: €0.78 (vs €0.56 in 2Q 2021)

Neste Oyj (HLSE:NESTE) agreed to acquire Walco Foods Unlimited Company.

Now 21% undervalued

Now 20% undervalued

Neste Appoints Chris Cooper President of Neste US

Neste Raises Its Second Quarter 2022 Outlook

Now 20% undervalued

Neste Oyj Appoints Timo Sallinen as Member of Nomination Board

First quarter 2022 earnings released: EPS: €0.83 (vs €0.49 in 1Q 2021)

Insufficient new directors

Chevron Global Energy Inc. completed the acquisition of base oils business from Neste Oyj (HLSE:NESTE).

Investor sentiment improved over the past week

Neste Corporation Announces Board Appointments

Now 21% undervalued after recent price drop

Upcoming dividend of €0.41 per share

Now 20% undervalued after recent price drop

Chevron Global Energy Inc. completed the acquisition of base oils business from Neste Oyj (HLSE:NESTE).

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Neste Corporation Proposes Dividend for the Year 2021, Payable on 8 April 2022 and 7 October 2022

Jean-Baptiste Renard to Leave the Board of Neste Oyj

Investor sentiment deteriorated over the past week

Now 20% undervalued after recent price drop

Third quarter 2021 earnings released: EPS €0.66 (vs €0.45 in 3Q 2020)

Upcoming dividend of €0.40 per share

Second quarter 2021 earnings released: EPS €0.56 (vs €0.21 in 2Q 2020)

Independent Non-Executive Director Sonat Burman-Olsson has left the company

Independent Non-Executive Director Sonat Burman-Olsson has left the company