H eikki Herlin is a Finnish billionaire and a key member of the Herlin family, which controls the KONE Corporation, a global leader in the elevator and escalator industry. He represents the fourth generation of the family to be involved in the business, which was acquired by his great-grandfather. He is the son of Ilkka Herlin, a major shareholder and board member.
KONE is a massive, publicly traded engineering company with a global presence, famous for its innovative and energy-efficient elevators, escalators, and automatic building doors. The Herlin family collectively holds a controlling stake in the company. Heikki serves on the board of directors, representing the new generation of family ownership and helping to guide the strategic direction of the multi-billion dollar enterprise. His wealth is derived from his substantial inherited stake in this enduring Finnish industrial powerhouse.
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Heikki Hugo Herlin was a Finnish businessman and a key patriarch of the Herlin family, whose fortune is rooted in KONE Corporation (KONE), a global leader in elevators, escalators, and automatic doors. His career is multi-generational: the company was purchased by his father, Harald Herlin, in 1924.
Heikki H. Herlin was a creative and enthusiastic engineer who studied and worked in Finland, Germany, and the United States, including internships with Westinghouse and Otis (major competitors). He joined the family enterprise in 1928 as assistant technical manager. His structural role was to modernize and internationalize the Finnish company, recognizing the need to expand and diversify beyond the tiny domestic market.
Heikki H. Herlin became President of KONE in 1932 and served as Chairman of the Board from 1941 to 1987. His strategic leadership guided the company through the turbulent years of World War II and the subsequent War Reparations period, where KONE was forced to produce elevators and cranes for the Soviet Union. This unique requirement forced KONE to develop advanced technology for larger equipment and expand its production capacity.
Under his guidance, KONE achieved technological strength, expanding into cranes and hoists and establishing its first foreign subsidiary (AB Kone Hissar of Sweden in 1957). By the time he relinquished the presidency to his son, Pekka Herlin, in 1964, KONE had grown into one of the ten biggest companies in Finland. His commitment to technological perfectionism and long-term vision laid the foundation for KONE's eventual status as a global industrial giant.
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Joins KONE as assistant technical manager (Corporate Entry).
Takes over as President of KONE (Executive Succession).
Serves as Chairman of the Board of Directors (Governance Apex).
KONE establishes its first foreign subsidiary in Sweden (International Milestone).
Steps down as President, succeeded by his son Pekka Herlin (Executive Transition).
Heikki Herlin's wealth was concentrated in his founding equity and continued leadership role in the industrial giant, KONE Corporation.
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Heikki H. Herlin's social impact is structural, stemming from KONE's role as a massive industrial employer and foundational provider of vertical transportation systems globally. His leadership helped modernize Finnish industry and established KONE as a global exporter.
The Herlin family's foundation continues to support various educational and community initiatives. His career is a testament to the profitability of disciplined, technology-driven industrial entrepreneurship.
Heikki H. Herlin maintained the formal, cosmopolitan style of a European industrialist. He was known for his perfectionism and formal practices, reflecting his technical background and his status as a key figure in Finnish industry.
His luxury was tied to the immense security and autonomy derived from his family's industrial empire. His life was dedicated to industrial scale, technological innovation, and the long-term management of KONE's essential infrastructure assets.
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-1.96% | -$95.81M
-0.32% | -$35.70M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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