Nomination to Nokian Tyres' management team

Nokian Tyres plc Stock Exchange Release 18 May, 2016 09.30 a.m.

Timo Tervolin has been appointed as Vice President, Strategy and Corporate Development and a member of Nokian Tyres' management team. His responsibilities will include leading the company's strategy process and strategic programs, mergers and acquisitions, and monitoring markets and competition.

Tervolin is currently working for Ingram Micro, the leading global technology distributor based in Irvine, California, leading Ingram Micro’s mergers and acquisitions team. He has substantial international experience in strategy and business leadership and development having worked in Europe and the United States with Nokia Corporation. Prior to his position at Nokia, Tervolin worked as management consultant with the Boston Consulting Group. Timo Tervolin will join Nokian Tyres on 6 June, 2016 and will report to the President and CEO.

"Timo has strong international experience in the field of strategic leadership, mergers and acquisitions and business development. Timo will bring new perspectives to the development of Nokian Tyres' strategy and I believe that with him, our company will make further progress along the road to successful, profitable growth," says Ari Lehtoranta, President and CEO of Nokian Tyres.

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

Further information: Ari Lehtoranta, President and CEO, Tel: +358 10 401 7733

Distribution: Nasdaq Helsinki Ltd, media and

Nokian Tyres is the world’s northernmost tyre manufacturer. The company promotes and facilitates safe driving in demanding conditions. It supplies innovative tyres for cars, trucks and special heavy machinery mainly in areas with special challenges on tyre performance: snow, forests and harsh driving conditions in different seasons. Nokian Tyres’ product development is consistently aiming for sustainable solutions for safety and the environment, taking into account the whole life cycle of the tyre. A part of the Nokian Tyres group, the tyre chain Vianor has 1,475 outlets in 26 countries. In 2015 Nokian Tyres had approximately 4,400 employees and net sales of approximately 1,4 billion euros. Nokian Tyres’ share is listed on the Nasdaq Helsinki. Further information:

About Us

Nokian Tyres is the world’s northernmost tyre manufacturer and one of the most sustainable companies in the industry. We offer peace of mind in all conditions by developing high-quality, safe and eco-friendly tyres for passenger cars, trucks and heavy machinery. We are especially well known for our innovative winter tyres. Our group also includes the Vianor chain, specialising in vehicle maintenance and tyre services. In 2017, the company’s turnover was approximately EUR 1.6 billion and it employed some 4,600 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: