Antti Herlin: Elevating The Family Enterprise

Posted by & filed under Business.

Antti Herlin may have lived a life which is a step higher than most people. He is the current and fourth chairman of the Board of KONE Corporation, the Finish elevator and escalator manufacturer and installation and maintenance firm. His grandfather founded the company in 1926 and Antti took over the chairmanship role in 2003, the year Pekka, his father died.

There will always be the usual talk of having all the advantages in reaching the top post. It can’t be denied that he had. Fortunately for him and the company (which is publicly traded) he has been making the right moves.

He didn’t reach the chairmanship position immediately but was given key positions along the way to the top post. He became the CEO of the company in 1996 until 2006 and was deputy chairman from 1996 to 2003. Antti has since relinquished his CEO position but remains the company’s full time chairman.

When he was appointed deputy chairman and CEO in 1996, Antti went about to expand operations. He led acquisitions and forged alliances. There was also a series of technological advancements during his CEO tenure. The effects of these initiatives were most prominent in 2012 when KONE hit record earnings. Around 50 percent of the earnings came from the Asia-Pacific region due to new equipment orders.

With its headquarters in Helsinki, Finland KONE today has authorized distributors in more than 60 countries. The company has seven global production sites located in its main markets. KONE also has eight global R&D centers. The firm operates in over 1,000 offices in about 50 countries all over the world.

KONE’s key customers are builders, building owners, facility managers, and developers. The company had annual net sales of EUR 6.3 billion in 2012. KONE employees around 40,000 people.

Aside from his role at KONE, Antti is the chairman of Security Trading Oy, and is on the board of YIT, a Finish construction firm.  After all has been said and done Antti can look back knowing that he had made positive contributions to elevate the enterprise his grandfather started.

Leave a Reply

You must be logged in to post a comment.