NOKIA, FinlandNokian Tyres P.L.C. has hired Ari Lehtoranta, an executive with Kone Corp., to become its president and CEO.
He succeeds Kim Gran, who plans to retire this fall after 14 years at the helm, Nokian said.
Mr. Lehtoranta, 51, will assume Nokian's presidency on Sept. 1 and the CEO role on Oct. 1, according to the firm. He currently is executive vice president, Central and North Europe, for Helsinki, Finland-based Kone, a producer of elevators, escalators and automatic building doors.
Nokian Chairman Petteri Walldén thanked Mr. Gran, 60, for his service, saying Nokian has become the most profitable tire maker worldwide during his tenure. The company's share value has grown 10-fold and its profits have enabled the board to distribute generous dividends.
Mr. Gran will continue on Nokian's board of directors. He joined the tire maker in 2000 after 20 years in executive positions with a variety of European companies.