Nokian Tyres plc has appointed one of its board members, Hille Korhonen, as the company's next CEO and president.

Hille Korhonen has spent 11 years serving on the Nokian board, and next she'll serve as the tire maker's CEO and president.

Hille Korhonen has spent 11 years serving on the Nokian board, and next she'll serve as the tire maker's CEO and president.

She will take her new position June 1.

”We are very pleased to bring on Hille Korhonen as CEO," says Petteri Walldén, chairman of the board of directors. "We conducted an extensive international recruitment process. Nokian Tyres is in excellent shape, and Hille Korhonen brings extensive leadership experience and excellent brand expertise to this position."

Korhonen has more than 20 years of experience in international consumer business and global industrial operations. She has been a member of the executive team of Fiskars Oyj Abp (2008–2012) and Iittala Corp. (2003–2008). Korhonen has worked as CEO of Alko Inc. since 2013.

She has been a member of the Nokian board since 2006. She will not stand for election to board in the 2017 general meeting.

Andrei Pantioukhov has served as interim CEO and president since January 2017 and will continue in this role until Korhonen assumes her duties as CEO. After June 1, 2017 Pantioukhov will continue on as the executive vice president of Nokian, general manager of its Russian operations, and as a member of the group’s management team.

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