SOURCE: Neste Oil Oyj

November 11, 2008 06:47 ET

ILKKA SALONEN APPOINTED NESTE OIL'S NEW CFO

ESPOO, FINLAND--(Marketwire - November 11, 2008) -


Mr. Ilkka Salonen, M.Sc. Econ, age 43, has been appointed Neste Oil's new Chief Financial Officer and a member of the Neste Oil Executive Team. He will join Neste Oil on 1 February 2009 at the latest. Ilkka Salonen will take responsibility for corporate control and accounting, treasury, investor relations, corporate IT, mergers and acquisitions and joint ventures, corporate risk management and Neste Oil business services. He joins Neste Oil from Pohjola Bank, where he currently holds the position of CFO.

"His successful careers as a CFO and a financial analyst and his experience in developing corporate financial systems have equipped Ilkka well to take over the CFO position at Neste Oil. We very much welcome Ilkka to Neste Oil", said Mr. Jarmo Honkamaa, Deputy CEO of Neste Oil.

Appendix: Ilkka Salonen's brief cv

Neste Oil Corporation
Osmo Kammonen
Senior Vice President, Corporate Communications

For further information, please contact Deputy CEO Jarmo Honkamaa,
tel. +358 10 458 4758.
Photo of Mr. Salonen: www.nesteoil.com

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company's strategy is based on growing both its oil refining and premium-quality renewable diesel businesses. Neste Oil's refineries are located in Porvoo and Naantali and have a combined crude oil refining capacity of approx. 260,000 barrels a day. The company had net sales of EUR 12.1 billion in 2007 and employs around 5,200 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki. www.nesteoil.com.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Ilkka Salonen CV: http://hugin.info/133386/R/1268558/280247.pdf

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