Nokian Tyres is renewing its leadership and operational model to support global business

Nokian Tyres plc Stock Exchange Release December 4, 2017, 10:00 a.m.

Nokian Tyres is accelerating profitable growth, customer orientation and innovative future solutions by renewing its leadership and operational model. Purpose of this change is also to create a scalable structure and to increase efficiency through global functions and processes. The new organization structure will be valid starting from January 1, 2018.

Nokian Tyres’ business unit structure will remain unchanged, consisting of Passenger Car Tyres, Nokian Heavy Tyres and Vianor. Company’s external reporting model will continue to include business units and geographical areas.

From the beginning of the year, the Passenger Car Tyres’ business unit will be managed from market and product line perspectives. Business areas will be responsible for profit and loss and customer-oriented business development according to the strategy.

The new business areas are:

- Americas (United States, Canada and Central and South America)
- Europe (Nordic countries and the rest of Europe)
- Russia and Asia (Russia, China, Japan and the countries of the Caucasus and Central Asia)

The new Products and Technologies unit will be responsible for creating growth through competitive product offering in all key markets and for product profitability. Target is also to ensure that Nokian Tyres continues to be a leader in innovation in terms of both products and solutions. Product Management and Product Development will transfer to the new unit.

– With our new leadership and operational model, we will have more management focus on our main markets. It accelerates the implementation of common ways of working, increases cross-unit and international cooperation, and provides excellent opportunities for competence development. Furthermore, the change strengthens our ability to react quickly to market changes and customer needs, says Hille Korhonen, President and CEO of Nokian Tyres.

Nokian Tyres’ management team from 1 January 2018 onwards:

Hille Korhonen, President and CEO
Andrei Pantioukhov, Executive Vice President, Russia and Asia business area
Pontus Stenberg, Europe business area
Tommi Heinonen, Americas business area
Pontus Stenberg, interim, Products and Technologies unit
Manu Salmi, Nokian Heavy Tyres business unit
Anna Hyvönen, Vianor business unit
Anne Leskelä, Finance & IR
Esa Eronen, Supply Chain & Sustainability
Antti-Jussi Tähtinen, Marketing & Communications
Tarja Kaipio, HR
Frans Westerlund, IT & Processes
Susanna Tusa, Legal & Compliance
Timo Tervolin, Strategy & M&A

Nokian Tyres plc
 
Antti-Jussi Tähtinen
VP, Marketing and Communications

Further information:
Mrs. Hille Korhonen, President & CEO, tel: +358 10 401 7733 

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

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 approximately 1,500 stores in 27 countries. In 2016 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: www.nokiantyres.com