NASHVILLE, Tenn.—Nokian Tyres P.L.C. has hired Stephen DeCastro as its head of finance and controlling for the Americas region.
In his role, DeCastro will lead North American financial operations from the company's corporate office in Nashville, working together with senior management to analyze and organize financial operations for the tire company.
DeCastro formerly was with Dover Corp. in Chattanooga, Tenn., where he was senior corporate finance director for three years. Prior to that he worked in a variety of capacities at Procter & Gamble, most recently as senior manager of global IT finance at P&G's Cincinnati headquarters.
Mark Earl, Nokian Tyres senior vice president, Americas, saidDeCastro's experience "will help us build scalable financial systems that will support our growth."
According to Nokian, DeCastro has experience in financial planning and analysis, including expertise in forecasting, competitive intelligence, profit-and-loss management and cost management. Early in his tenure at P&G, he worked as a project manager in San Jose, Costa Rica, where he lived for eight years.
Executives at the Finnish tire maker said the firm aims to double North American sales by 2023. Nokian is building a production factory in Dayton, Tenn.,with capacity to produce four million tires per year. Construction remains on schedule for the plant to begin producing tires in 2020.