Neste Jacobs Renews its Organization

ESPOO, Finland, Oct. 30, 2014 (GLOBE NEWSWIRE) -- Neste Jacobs changes its leadership model and organization to respond better to its Growth Strategy and future challenges. The Company Board approved at the end of 2013 the new long term Growth Strategy which targets to double the turnover of Neste Jacobs. The focus of Neste Jacobs is in project management, engineering and technology services for process industry.

Strategy calls for expanding the customer base and becoming more international. Strategy implementation is well on its way. Both Sales and Operating Profit have increased during 1-9/2014 versus 1-9/2013 by some 40% and Order Stock has increased during the same period some 10 % and the Company's future looks currently positive.

In the new organization there are three main entities linked into business - Sales, Delivery and Business Enabling processes. Business enabling processes are Business Support (Finance, ICT, Legal & Risk), HR and HSEQ.

The above mentioned three main processes operate in matrix with each other.

At the same time the next level and regional operations have changed their organizations to match process driven business model.

Management Team of Neste Jacobs starting 1 November 2014 is formed by:

Jarmo Suominen, Chairman of the Management Team
Risto Takkala, Finance and Business Support
Heikki Pikkarainen, Sales
Ilkka Poranen, Delivery
Miia Lehmuskoski, HR
Kirsi Rintamäki, HSEQ
Anne Simolinna, Secretary of the Management Team

Out of the previous Management Team members Mr. Jan Wahlström, Ms. Marja Nyyssönen-Askola and Mr. Kari Kaskes continue in other challenging duties within Neste Jacobs.

Further information:
Jarmo Suominen, Managing Director, Neste Jacobs, tel +358 50 458 3399

Neste Jacobs is a preferred solution provider of high-quality technology, engineering and project services for a wide range of
industries in the oil and gas, petrochemicals, chemicals and biotechnology fields. We have more than 50 years of experience in
technology development and industrial investment projects as well as maintenance and performance improvement in Europe, North
and South America, Asia and the Middle East. In addition to the Nordic countries we are looking to grow in the expanding markets
of the Middle East and Russia in particular. We employ more than 1000 professionals globally. www.nestejacobs.com

HUG#1867042

Source:Neste Oil Corporation