Neste appoints Markku Korvenranta as EVP of Oil Products

Markku Korvenranta, M.Sc. (Eng), has been appointed as executive vice president of Neste’s Oil Products business unit and a member of the Neste Executive Committee. 

He will join Neste in January 2022, at the latest, and will report to President and CEO Peter Vanacker. Korvenranta succeeds Marko Pekkola, who has decided to leave Neste.

Sami Oja, vice president, Supply Chain Management and Business Development of Oil Products, will take up the role as an interim leader of the Oil Products business unit effective July 27.

Korvenranta will transfer to Neste from Marquard & Bahls, Germany, and will be based in Finland.

“I am pleased to welcome Markku to lead our Oil Products business unit and strengthen our executive committee with his extensive leadership experience. He has a solid track record from successful transformational strategy execution in an international business environment,” says Vanacker.

“I am thrilled to join Neste, and excited to lead the Oil Products to reach its full potential aligned with the company strategy of becoming a global leader in renewable and circular solutions,” says Korvenranta. 

“I want to express my warm thanks to Marko Pekkola who has been leading our Oil Products business unit through turbulent times of the global pandemic and carrying out a major turnaround of Porvoo refinery in very challenging circumstances. I wish him all the best in his future career,” says Vanacker.