Peter Vanacker is well-acquainted with disruption and battle. Because the president and CEO of Neste Company, he leads an organization with a market capitalization of about US$40 billion that stands with a foot in two contrasting camps. Primarily based in Espoo, Finland, Neste has a heritage in oil refining. However Neste’s future on the world stage is being formed by robust progress in renewables and the corporate’s function in driving the round financial system. Vanacker, 55, holds Belgian and German citizenship; he was appointed president and CEO in 2018, after years as an govt within the chemical substances and polymers business. He’s open in regards to the challenges he faces sustaining the refinery facet of the enterprise whereas aggressively constructing the renewables operation.
The COVID-19 pandemic solely added to those complexities. For Neste’s enterprise pursuits in oil, the pandemic created important obstacles. Main shoppers of oil, such because the aviation