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Finnish Fuel-Maker Neste Starts CEO Search as Lehmus to Leave.

Authors :
Pohjanpalo, Kati
Source :
Bloomberg.com; 4/29/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Finnish fuel-maker Neste Oyj is beginning a search for a new CEO as Matti Lehmus steps down after two years in the role. The decision for him to leave was mutual, although no reason was given for his departure. Neste, which produces renewable diesel and sustainable aviation fuel, has seen its shares decline by nearly 50% since Lehmus became CEO in 2022. The company has also been exploring the use of alternative waste materials, such as liquefied plastic waste and pyrolysis oil from discarded tires, in its production processes. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
176899056