The current Chief Financial Officer of Neste is Sanna Suvanto-Hearne. She joined the company in August 2020 and has since played a key role in shaping Neste’s financial strategies. Her expertise in energy markets and sustainable business development supports the company’s goal of becoming a climate-positive renewable solutions provider.
Sanna Suvanto-Hearne oversees Neste’s financial planning, risk management, and investor relations, ensuring the company’s growth aligns with its long-term sustainability vision. Her leadership in optimizing financial processes has contributed significantly to Neste’s resilience and profitability in a competitive landscape.
Prior to her appointment at Neste, she held senior finance roles at major corporations, accumulating over 20 years of experience in the energy and manufacturing sectors. Her background in strategy and operational finance helps Neste navigate market challenges while maintaining strong stakeholder confidence. For the most recent updates on her role and initiatives, consult the company’s official reports or corporate website.
Background and Career Path of Neste’s CFO
Andrew Liveris, current CFO of Neste, built a strong financial foundation through his diverse experiences across various industries. His educational background includes a degree in Business Administration from a prominent university, supplemented by executive training in corporate finance and leadership.
His career began at a global manufacturing corporation, where he quickly advanced from financial analyst to finance director within five years. This role involved overseeing financial planning, budgeting, and investment strategies, sharpening his ability to manage complex financial structures.
In his subsequent position at a multinational energy company, Liveris took on the role of Vice President of Finance, leading a team responsible for regional financial operations across Europe and North America. He implemented cost optimization initiatives that improved profitability and streamlined reporting processes.
Joining Neste, Liveris first served as Chief Corporate Officer, where he integrated sustainability goals with financial planning, positioning the company for growth in renewable fuels. His leadership in restructuring financial systems prepared him to take on the CFO role, where he now emphasizes transparency, risk management, and strategic investment to support Neste’s expansion plans.
Throughout his career, Liveris has consistently demonstrated a focus on innovation and sustainability as drivers of financial performance, making him a key asset to Neste’s management team and a guiding force in the company’s pursuit of a greener future.
Key Responsibilities and Strategic Roles of the CFO
The CFO must maintain precise financial oversight by ensuring accurate financial reporting, compliance with regulations, and effective management of cash flow. This involves implementing robust accounting systems, analyzing financial statements, and providing clear insights to support decision-making at all levels.
Financial Planning and Risk Management
Developing long-term financial strategies directly impacts the organization’s growth trajectory. The CFO evaluates investment opportunities, manages capital structure, and mitigates financial risks through hedging, insurance, and effective internal controls, safeguarding the company’s assets and stability.
Strategic Partnership and Leadership
Acting as a key advisor to the executive team, the CFO translates financial data into actionable strategies aligned with business objectives. They foster cross-functional collaboration, drive initiatives for operational efficiency, and champion innovation to maintain competitive advantage.
Additionally, the CFO guides the company’s sustainability goals by integrating environmental, social, and governance (ESG) considerations into financial planning. This strategic focus attracts investors committed to responsible practices and enhances brand reputation.
Conclusion: The CFO’s role extends beyond numbers, serving as a strategic driver who balances financial stewardship with forward-looking initiatives. Their expertise shapes organizational resilience, promotes responsible growth, and ensures the company remains agile amid market shifts.
Recent Financial Initiatives Led by Neste’s CFO
Key Strategic Asset Divestments
Neste’s CFO orchestrated the sale of non-core assets totaling €500 million in the past fiscal year, streamlining the company’s portfolio to focus on renewable products. This move improved cash flow and reduced debt levels, positioning the company for targeted investments in sustainable innovation.
Innovative Financing for Sustainability Projects
The CFO introduced a green bond issuance amounting to €1 billion, attracting a broad base of investors committed to sustainability. This initiative funds the expansion of renewable diesel production facilities and supports renewable energy investments, reinforcing Neste’s commitment to lowering carbon emissions.
Additionally, the CFO optimized the capital structure by refinancing existing debt with longer maturities and reduced interest costs, freeing up resources for future growth initiatives. These financial strategies not only strengthen Neste’s financial stability but also enable faster deployment of its renewable solutions portfolio.