Henrik Ehrnrooth CEO of Kone
In Good Company with Nicolai Tangen
Norges Bank Investment Management
4.7 • 236 Ratings
🗓️ 20 April 2022
⏱️ 26 minutes
🧾️ Download transcript
Summary
In this episode Nicolai Tangen talks to Henrik Ehrnrooth, CEO of Kone. They discuss Kone’s origin and company culture, their innovative edge and how Kone is dealing with its high exposure to China. They also discuss governance issues, and share some elevator stories!
The production team on this episode were Plan B’s Tor-Erik Humlen and Olav Haraldsen Roen. Background research were done by Sigurd Brekke and Bård Ove Molberg with additional input from our portfolio manager Martin Prozesky.
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Transcript
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| 0:00.0 | Well, Henrik, thank you so much for coming. |
| 0:23.2 | You are flying in from Helsinki this morning to participate in the studio. |
| 0:27.5 | So big thanks to you. |
| 0:29.0 | Very happy to be invited. |
| 0:30.5 | What does it mean to be a Finn? |
| 0:32.2 | To be a Finn, you know, what we are proud of is what we call our sizzle. |
| 0:37.0 | You know, that's the grit perseverance. |
| 0:39.4 | You know, that's something you need to have when you come from a small country. |
| 0:43.2 | You know, so we're a small and proud country. That's something to be very happy of. |
| 0:48.2 | And can we see part of this Sisu in your company in Kone? |
| 0:52.2 | I think we can. |
| 0:53.9 | Where do we see it? |
| 0:55.0 | Well, if you think about it, you know, we are a 112-year-old company. |
| 0:59.0 | You know, the elevator escalator business, and it was like one Asian customer said to me that, |
| 1:04.0 | Henrik, how did this happen? |
| 1:06.0 | You come from a country with hardly any elevators and no tall buildings, and yet you sell |
| 1:11.7 | more elevators than anyone else in the world. How did this happen? And I think there's been some |
| 1:16.9 | sizzle, some grit, perseverance, some fighting spirit behind that. So tell me, how did it happen? |
| 1:23.4 | Well, I think, you know, if you look at many Nordic companies, it's the same thing. We don't have |
| 1:27.2 | very big home markets. And when we get into something, you know, if you look at many Nordic companies, it's the same thing. We don't have very big home markets. |
| 1:29.2 | And when we get into something, you have to get into a niche and you have to make sure you become very good at it. |
| 1:36.3 | And have a very long-term mindset. |
... |
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