Pekka Aksel Herlin (15 July 1932 – 4 April 2003) was a Finnish businessman, the president of the elevator and escalator maker

Kone Kone Oyj (; officially stylized as KONE and trading as KONE Corporation) is an elevator engineering company employing over 60,000 personnel across 60 countries worldwide. It was founded in 1910 and is now headquartered in Espoo near Helsinki, F ...

from 1964. In 1954, Pekka Herlin joined Kone, and succeeded his father as president in 1964, and started planning a new elevator factory in

Hyvinkää Hyvinkää (; sv, Hyvinge, ) is a city and municipality of Finland. It is located in the Uusimaa region, approximately north of the capital Helsinki. The city was chartered in 1960. The population of Hyvinkää is (). Its neighboring municipal ...

to replace the "cramped and inefficient" Helsinki plant. When he died in 2003, and it was discovered that he had rewritten his will in 1999, leaving most of the elevator and escalator maker

to his son

Antti Herlin Antti Herlin (born 14 November 1956) is a Finnish billionaire businessman, and the chairman of the Finnish KONE Corporation. He is the son of Pekka Herlin, former chairman of KONE. He is the former chairman of the Confederation of Finnish Indust ...

Ilkka Herlin Ilkka Heikki Herlin (born 25 January 1959) is a Finnish billionaire, the chairman and one of the owners of Cargotec, and one of the owners of the elevator and escalator maker Kone. His father Pekka Herlin died in 2003, and it was discovered that ...

and his siblings Ilona and Niklas were unhappy about not being informed, and the dispute finally ended in 2005. The Kone company was split, with Antti receiving a majority stake in its core elevator business. Ilkka and his siblings received a majority of

Cargotec Cargotec Oyj (trading internationally as Cargotec Corporation) is a Finnish company that makes cargo-handling machinery for ships, ports, terminals and local distribution. Cargotec was formed in June 2005 when Kone Corporation was split into two ...

and a minority stake in the new Kone company. All four siblings became billionaires.

References

{{DEFAULTSORT:Herlin, Pekka Aksel 1932 births 2003 deaths 20th-century Finnish businesspeople

Pekka Pekka is a Finnish male given name. It was most popular around the middle of the 20th century. As of 2013 there were more than 100,000 people registered with this name in Finland. The nameday is the 29th of June in the Finnish tradition and the 25th ...