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Tue May 26 10:00 pm 2020 in category Stock exchange releases

Jukka Moisio appointed President and CEO of Nokian Tyres plc

Nokian Tyres plc Inside Information May 26, 2020 at 10:00 p.m.

Nokian Tyres’ Board of Directors has appointed Jukka Moisio as President and CEO of Nokian Tyres plc starting May 27, 2020. 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, building Nokian Tyres' success at both its home and growth markets.

Jukka 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. These past years have been characterized by an intensive investment phase, during which the company has built a factory in the US, 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”, says Hienonen.

"I am honored to be appointed to lead Nokian Tyres, which is such a great company with fantastic products, a valued brand and leading position in its home markets, and a lot of opportunities for development. I look forward to working with the Nokian Tyres team, and creating future success together with our existing and new customers,” says Jukka Moisio.  

Nokian Tyres plc

Päivi Antola
SVP, Communications and Investor Relations

Media enquiries and interview requests: media@nokiantyres.com , tel. +358 10 401 7912 (Tarja Kuittinen)

About Jukka Moisio

Born: 1961

Nationality: Finnish

M.Sc. Economics, MBA

Professional experience:

- Huhtamäki Oyj, President and CEO 2008-2019

- Ahlstrom Oyj, President and CEO 2004-2008

- Ahlstrom Oyj, various management positions 1991-2004

- McKinsey & Company, Associate 1989-1991

Positions of trust:

Paulig Group, Member of the Board of Directors 2019-

Sulapac Oy, Member of the Board of Directors 2019-

Atria Oyj, Member of the Board of Directors 2014-

 

Distribution: Nasdaq Helsinki, media, and www.nokiantyres.com