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Neste Oil Oyj (PINKSHEETS:NTOIF) Neste Oil's Chief Financial Officer (CFO), Petri Pentti, will leave the company at the end of September to take up a position as CFO of the Emirates National Oil Company (ENOC) in Dubai. Neste Oil's Corporate Controller, Risto Takkala, will take over Pentti's duties as of 1 October until a successor is appointed.
Petri Pentti has been CFO since Neste Oil was spun off from Fortum and listed on the Nordic Exchange in Helsinki in April 2005. He joined Fortum's oil refining division in summer 2004 to help prepare the spin-off and IPO.
"Neste Oil is a great company, which is set to see interesting developments for many years ahead. I've enjoyed working for the company, but I felt I could not pass up the opportunity of working in Dubai, one of the growth centers of the Persian Gulf, especially as my family liked the idea of a move there as well," says Pentti. Neste Oil Corporation
Further information: Risto Rinne, President and CEO, tel. +358 10 458 11
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 €12,103 million in 2007 and employs around 5,100 people; and is listed on the Nordic Stock Exchange in Helsinki. www.nesteoil.com.
