. Having studied geophysics and environmental sciences, she joined the oil and gas production unit in 1998 but soon began working on a strategy to develop biofuels.
Renewables have since become central to Neste's revenue. In the company's most recent results, the unit accounted for 90% of total operating profit. There was no formula for a business transition, however, that she could bring from Neste to Exxon, she said. Hietala says she did not have any contact with Exxon's management before the vote, but right after the preliminary results came in last week she spoke with Exxon's Chief Executive Darren Woods. In their brief exchange, Woods came across as forward-looking, she said.
In the past 5 years, Neste's market cap has nearly quadrupled which Hietala sees as a sign of the trust she helped build with investors in the company's new strategy.
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