NOKIA, Finland—Jukka Moisio, who has served as president and CEO of Nokian Tyres P.L.C. since May of 2020, has announced his retirement, the tire maker said.
Moisio told the company's board of directors he will retire this year. The board has started looking for a successor.
During his tenure, Nokian decided to sell its passenger tire factory in Russia, following the country's 2022 invasion of Ukraine.
The plant, opened by Nokian in 2005 and located in Vsevolozhsk, Russia, was acquired by Russian oil and energy major P.J.S.C. Tatneft in 2023 and rebranded as Ikon Tire L.L.C.
Also under his watch, Nokian's North American passenger and light truck tire plant in Dayton, Tenn., reached a milestone of hiring 400 workers.
Moisio was president and CEO of global packaging company Huhtamaki Oyj prior to joining Nokian Tyres.
