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Nokian Tyres PLC Appoints New President and CEO

Nokian Tyres’ board of directors has appointed Jukka Moisio as president and CEO of Nokian Tyres plc starting May 27.

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Hille Korhonen will step down after leading the company for three years as president and CEO, and prior to that as a member of the board of directors.

The company says Moisio has a strong background in leading international companies. His latest assignment was as president and CEO of Huhtamäki Oyj, a global packaging company. Prior to Huhtamäki, Moisio served as president and CEO of Ahlstrom Oyj.

“I am very pleased to have Jukka Moisio starting to lead Nokian Tyres”, says Jukka Hienonen, chairman of Nokian Tyres’ board of directors. “Jukka Moisio has a proven record in successfully leading stock listed companies and company turnarounds, delivering strong financial performance and shareholder returns. He also has a deep understanding of the markets in Central Europe and North America, which are the key growth markets for Nokian Tyres. Jukka Moisio has the experience and capabilities to lead the company to its next phase of development.”

“Hille Korhonen has had an important role in building Nokian Tyres: first as a member of the board, and during the past three years as president and CEO,” adds Hienonen. “These past years have been characterized by an intensive investment phase, during which the company has built a factory in the U.S., as part of the target to double Nokian Tyres sales in North America. On behalf of the entire board, I want to thank Hille for her leadership and contributions to the company.”

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