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Aatos Erkko

Died
May 5, 2012
Age
79 years
Cause
long illness

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About Aatos Erkko

Aatos Erkko was a notable figure. Erkko died in 2012 at the age of 79.

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Full Biography

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Aatos Juho Michel Erkko (16 September 1932 – 5 May 2012) was a Finnish newspaper editor, newspaper publisher, and the main owner of the Sanoma Corporation and the newspaper Helsingin Sanomat, of which he was also the editor in chief.

He was for many years the wealthiest person in Finland and directly or indirectly controlled 23.29% of the Sanoma Corporation's shares, whose value on 29 July 2009 was more than €453 million.

Family

Aatos Erkko was born in Helsinki. He married Jane Airola in 1959, but they did not have any children.

His father was the politician and journalist Eljas Erkko, who preceded him as editor in chief of Helsingin Sanomat, and his mother was the English-born Eugenia Violet Sutcliffe. Erkko's father was also the Minister of Foreign Affairs in 1938 and 1939, as the Finns negotiated with the Soviet Union.

Erkko's grandfather Eero Erkko was also a journalist and politician, best remembered as the founder of Helsingin Sanomat.

Education

Erkko earned a Master of Science degree in Journalism from the Columbia College of Columbia University.

Sanoma

Sanoma made its initial public offering in 1999, during Aatos Erkko's time as chairman of the board. Reporting news from around the world became increasingly important. Erkko founded Sanoma's own school for journalists in 1967, and Sanoma has foreign correspondents in many countries.

Wealth

Aatos Erkko was the largest single owner of Finland's largest media concern, holding just over 23% of the Sanoma stock. As one of the key parts of Sanoma, Helsingin Sanomat is the largest newspaper by circulation in the entire Nordic region. The value of his assets was in 2012 estimated as of €600 million. Ca €300 million is in international securities managed by an investment company registered in Switzerland.

Donations

Aatos Erkko once donated €2.9 million to the University of Helsinki for the establishment of a professorship.

He also donated expensive equipment to the Helsinki University Central Hospital and gave significant financial support to the Nuuksio National Park.

The Jane and Aatos Erkko Foundation donated €415,000 for child disease diagnostics in 2011.

Content from Wikipedia — licensed under CC BY-SA 3.0

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Sources

People who died on May 5

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