Gaede to retire as president of Nokian Tyres Inc. North America

Oct. 29, 2007

Dennis Gaede has announced his retirement as president of Nokian Tyres Inc. North America, effective Jan. 15, 2008. He has been with the company 15 years.

He will be replaced by Bernie Del Duca, who has been vice president of sales for Nokian Tyres North American for the past 14 years.

Jari Lepisto will become managing director of Nokian Tyres Holdings North America. Lepisto is currently serving as the managing director of Nokian Plc.’s Swedish operation. He has been with Nokian Plc. for the past 10 years.

North American sales have grown from $3 million to $115 million under Gaede’s leadership, the company notes. Following his retirement, Gaede will act as an advisor for the company until October 2008.