OREANDA-NEWS. September 11, 2013. The following members have been appointed to Neste Oil's Shareholders' Nomination Board: Eero Heliovaara, Director General of the Prime Minister's Office's Ownership Steering Department; Timo Ritakallio, Deputy CEO of Ilmarinen Mutual Pension Insurance Company; Mikko Koivusalo, Vice President, Capital Markets, Varma Mutual Pension Insurance Company; and Jorma Eloranta, the Chair of Neste Oil's Board of Directors.

In line with a decision taken by the Annual General Meeting held on 4 April 2013, Neste Oil's Shareholders' Nomination Board is now a permanent body. The Nomination Board shall consists of four members, three of which shall be appointed by the company's three largest shareholders as of the first weekday in September, who shall appoint one member each, with the Chair of Neste Oil's Board of Directors serving as the fourth member.

The Nomination Board is responsible for drafting and presenting proposals covering the remuneration and number of members of the Board of Directors and for presenting candidates as potential Board members to the AGM. The Nomination Board will forward its proposals for the AGM to the Board of Directors by 31 January 2014.