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Business Briefs: Nokian Tyres names new CEO for company

Staff photo by Erin O. Smith / Shaun Liner, a tire building machine operator, works one of the machines during the grand opening event for the Nokian Tyres production plant Wednesday, Oct. 2, 2019 in Dayton, Tennessee. At full production, the plant is expected to produce 4 million tires annually.
Staff photo by Erin O. Smith / Shaun Liner, a tire building machine operator, works one of the machines during the grand opening event for the Nokian Tyres production plant Wednesday, Oct. 2, 2019 in Dayton, Tennessee. At full production, the plant is expected to produce 4 million tires annually. Staff photo by Erin O. Smith / Shaun Liner, a tire building machine operator, works one of the machines during the grand opening event for the Nokian Tyres production plant Wednesday, Oct. 2, 2019 in Dayton, Tennessee. At full production, the plant is expected to produce 4 million tires annually.

By Staff and wire reports / Dave Flessner, compiler 3 min read

Nokian Tyres names new CEO for company

Finnish tire maker Nokian Tyres, which has a new plant in Dayton, Tennessee, has named Jukka Moisio as president and chief executive.

Moisio replaces Hille Korhonen, who stepped down after leading the company for three years and, prior to that, as a member of the board of directors.

Moisio last headed Huhtamäki Oyj, a global packaging company. Prior to that, he was CEO at Ahlstrom Oyj.

“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,” said Jukka Hienonen, chairman of Nokian Tyres’ board of directors.