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    Home > Headlines > Finland votes against Neste CEO's salary package
    Headlines

    Finland votes against Neste CEO's salary package

    Published by Global Banking & Finance Review®

    Posted on March 3, 2025

    1 min read

    Last updated: January 25, 2026

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    Tags:Compensationcorporate governancefinancial community

    Quick Summary

    Finland's government voted against Neste CEO's salary package, citing it as unreasonable. The decision was made before Neste's AGM on March 25.

    Finland votes against Neste CEO's salary package

    COPENHAGEN (Reuters) - Finland has voted against oil refiner and biofuel maker Neste's remuneration report, the government, which owns a 44.2% stake in the company, said on Monday.

    "The government considers that the remuneration package of the company's CEO has been structured in such a way that it cannot be considered reasonable as a whole," the government said in a statement.

    The government said it had voted in advance while Neste's annual general meeting will be held on March 25.

    (Reporting by Stine Jacobsen, editing by Louise Rasmussen)

    Key Takeaways

    • •Finland voted against Neste CEO's salary package.
    • •The government owns a 44.2% stake in Neste.
    • •The remuneration package was deemed unreasonable.
    • •The vote was cast in advance of the AGM on March 25.
    • •Neste is an oil refiner and biofuel maker.

    Frequently Asked Questions about Finland votes against Neste CEO's salary package

    1What was the outcome of Finland's vote regarding Neste's CEO?

    Finland voted against Neste's remuneration report, indicating disapproval of the CEO's salary package.

    2What percentage of Neste does the Finnish government own?

    The Finnish government owns a 44.2% stake in Neste.

    3When is Neste's annual general meeting scheduled?

    Neste's annual general meeting is scheduled to be held on March 25.

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