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Finland's Nokian Tyres names Paolo Pompei as new CEO

Reuters
A tyre produced by the Finnish group Nokian Tyres is on display at a dealership in Moscow

(Reuters) -Finland's Nokian Tyres has appointed Paolo Pompei as its new chief executive officer, the company said on Saturday.

Pompei will start in the position on Jan. 1, 2025, the company added.

He will replace Jukka Moisio who announced his retirement in March this year.

Pompei was most recently the President of Yokohama TWS, formerly named Trelleborg WheelSystems where he held the position since 2017.

The Finnish tyre maker on Friday posted second-quarteroperating profit roughly in line with expectations and flagged challenging market conditions.

(Reporting by Surbhi Misra in BengaluruEditing by Tomasz Janowski)