Nokian Renkaat Oyj announced Nokian Tyres plc is reorganizing the Group's organization and management structure to strengthen go-to-market execution. This is to improve operational efficiency and collaboration, and focus on building the new Nokian Tyres as the company is in the process of investing in new European capacity and exiting Russia. The company is combining Passenger Car Tyres commercial operations under one leadership, with increasing strategic and operational synergies across the geographical areas.

Anna Hyvönen, EVP North America, Nordics and Vianor and member of Nokian Tyres Management Team, has been appointed EVP Passenger Car Tyres and Vianor. The members of Nokian Tyres Management Team as of September 1, 2022 are: Jukka Moisio, President & CEO, Päivi Antola, Senior Vice President, Communications, Investor Relations and Brand, Anna Hyvönen, Executive Vice President, Passenger Car Tyres and Vianor, Adrian Kaczmarczyk, Senior Vice President, Supply Operations, Teemu Kangas-Kärki, CFO, Jukka Kasi, Senior Vice President, Products & Innovations, Päivi Leskinen, Senior Vice President, Human Resources, Manu Salmi, Executive Vice President, Heavy Tyres and Nokia Factory. Bahri Kurter, who has been EVP Central Europe and member of Nokian Tyres Management Team, is leaving the company to pursue his career outside of Nokian Tyres.

The changes are effective as of September 1, 2022.