Nokian Tires announced it has appointed Jukka Moisio as new President and CEO 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 Tires’ success at both its home and growth markets.
Prior to his appointment, Moisio was 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 Tires”, says Jukka Hienonen, Chairman of Nokian Tires’ 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 Tires. 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 Tires: 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 Tires 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 Tires, 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 Tires team, and creating future success together with our existing and new customers,” says Jukka Moisio.