Neste plans to simplify its organizational construction to enhance effectivity, discount of roughly 400 roles globally.
Neste plans to simplify its organizational construction and its operational mannequin to safe the execution of its progress technique with improved cost-efficiency and to strengthen its long-term competitiveness. With the deliberate modifications and the simplified construction, Neste goals to strengthen accountabilities and environment friendly resolution making.
Renewable Aviation, Renewable Highway Transportation and Renewable Polymers and Chemical compounds enterprise items will probably be merged into one Renewable Merchandise enterprise unit masking all renewables companies. Moreover, the corporate plans to align its capabilities to higher help business-driven methods of working.
Matti Lehmus, Neste’s President and CEO mentioned:
We proceed to execute our renewables progress technique, whereas on the identical time specializing in enhancing our effectivity.
“The deliberate simplified organizational construction and working mannequin will strengthen our long-term competitiveness. I’m assured that with these deliberate modifications we proceed to create worth for our clients and different stakeholders in a altering enterprise surroundings,”
Neste is anticipating the deliberate organizational modifications to result in a discount of roughly 400 roles globally, predominantly in capabilities, within the renewables enterprise and in growth roles. It’s estimated to end in whole annual value financial savings of roughly EUR 50 million. Moreover, Neste plans to streamline its growth portfolio to understand extra financial savings. Nearly all of these financial savings could be realized throughout 2024.
Neste communicated on its Capital Markets Day in June 2023 that it’s focusing on over MEUR 350 worth creation with its Neste Excellence program by the top of 2026, in comparison with the 12 months 2022 appearing as the brand new base 12 months. The deliberate organizational modifications and a extra streamlined growth portfolio are concrete steps in this system.
Because the planning progresses, Neste will interact and work carefully with its workers and worker representatives to make sure that they’re absolutely knowledgeable and consulted concerning the proposals. Processes and timelines will fluctuate in numerous international locations and capabilities.
“Because the change course of will have an effect on our folks it has not been a simple resolution to make, however it’s obligatory. We are going to supply help to our workers who’re affected by this course of,” continues Lehmus.
Modifications to Neste’s Govt Committee
The organizational modifications will have an effect on the construction and composition of the Govt Committee of Neste. Consequently the Govt Committee will, as of 1 November 2023, encompass the next members:
Matti Lehmus, President and CEO
Katja Wodjereck, Govt Vice President, Renewable Merchandise enterprise unit
Carl Nyberg, Govt Vice President, Renewables Provide Chain and Sustainability
Markku Korvenranta, Govt Vice President, Oil Merchandise enterprise unit
Martti Ala-Härkönen, CFO, Govt Vice President, Finance, Technique and IT
Bart Leenders, Govt Vice President, Know-how and Initiatives
Hannele Jakosuo-Jansson, Govt Vice President, Human Sources, Security and Communications
Christian Ståhlberg, Basic Counsel, Govt Vice President, Authorized
Panu Kopra, Govt Vice President of the Advertising & Companies enterprise unit will report back to the President and CEO Matti Lehmus whereas not persevering with as a member of the Govt Committee. Two present Govt Committee members, Minna Aila and Lars Peter Lindfors will step down from the Govt Committee and proceed at Neste in different roles.
“I want to thank Minna Aila, Panu Kopra and Lars Peter Lindfors for his or her precious contributions within the Govt Committee over time,” says Matti Lehmus, President and CEO.
The organizational change doesn’t have an effect on the Group’s reporting segments, that are Renewable Merchandise, Oil Merchandise, Advertising & Companies and Others.
Neste plans to simplify its organizational construction to enhance effectivity and to strengthen long-term competitiveness, November 1, 2023
