ENOC appoints new Chief Financial Officer
03/11/2008 12:46 pm EDT

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An accomplished professional, Pentti has over 22 years of experience spanning the energy, aviation and metal industry sectors. He moves to ENOC from Neste Oil Corporation, the State of Finland majority owned refining and marketing company focusing on renewable and clean traffic fuels.

As Chief Financial Officer, Pentti played a major role in setting up Neste Oil through an IPO and was part of the Neste Oil team that set up the world’s first second generation bio diesel refinery. He holds a Masters Degree in Economics and Business Administration and started his career at the Finnish metal industry group, Wartsila Limited.

Prior to joining Neste Oil, Pentti was Senior Vice President and Chief Financial Officer of the Finnish flag carrier Finnair OYJ. He played a key role in the restructuring of the aviation company and opened new business streams through the establishment of Finnair Aircraft Finance Limited group. Pentti was also a member of the financial committee of the International Air Transport Association (IATA).

Saeed Abdullah Khoory, ENOC Group Chief Executive said that the appointment of Pentti will bring a new direction and dynamism to the overall financial activities of ENOC.

“We are excited to welcome him to ENOC at this crucial phase of expansion and unprecedented challenges. With his strategic leadership and best practice approach to financial management, Mr. Pentti will be set to steer ENOC through these challenges, turning them into further growth opportunities,”

added Khoory.

Pentti commented, “Over the years, ENOC has positioned itself as a forward-looking company that shares the financial strengths and ambitions of Dubai. It is also encouraging to see ENOC aligning its financial success with the ideals of sustainability and community development. I look forward to working with such a strong and responsible corporate.”

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