Ari Lehtoranta is leaving his post as head of the Nokian Tyres.

Nokian Tyres’ President and CEO Ari Lehtoranta has resigned. The company says he will stay on until the end of 2016. The company’s Board of Directors will start the recruitment process to select a new President and CEO for the company.

“I want to thank Ari Lehtoranta for his contribution in leading and developing the company,” said Petteri Walldén, Nokian Tyres’ Chairman of the Board of Directors. “Nokian Tyres’ position in the market is strong and the outlook positive. Several significant strategic development projects are under way in the company. Most important among these has been the increase in sales in the company’s growth markets Central Europe and North America. Company’s management and personnel are highly skilled, and now we will select a new and best possible CEO for the company.”