Lego appoints first British boss in surprise shake-up
Bali Padda will replace Jorgen Vig Knudstop, who has been credited with turning round the company’s fortunes
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Lego, the plastic brick giant, is to appoint its first British chief executive as it embarks on a wide-ranging management shake-up.
Bali Padda, 60, who has been with Lego since 2002, has been appointed chief executive of the 84-year-old company and will take over on 1 January.
He will be the first non-Dane to lead the company.
The announcement comes as a surprise as Mr Padda will replace Jorgen Vig Knudstorp, who has been credited with turning Lego into the world’s most profitable toymaker during his 12-year tenure.
The company brought in Mr Knudstorp in 2001. When he was made CEO in 2004, Lego was losing about $1m a day as its traditional plastic building blocks couldn’t compete with a growing range of electronic toys.
“I have enjoyed being the chief executive of this great company, because I have a lifelong passion for the Lego idea,” said Mr Vig Knudstorp.
“The role and the job have changed very much over these years, and this is the natural next step, as I am a firm believer in the value of active family ownership,” he added.
Mr Vig Knudstorp will now be the chair of the Lego brand – a new entity that will “protect and develop” the brand, including its educational and charitable activities, and oversee its Legoland attractions.
He said he was “very pleased to hand over the management of the Lego Group to Bali Padda”.
Mr Vig Knudstorp said: “I have learnt a lot from Bali's great leadership and execution which he has displayed through all of his career here.
“I have worked closely with Bali for many years and I am confident that we will continue to build on that close collaboration in our new roles.”
Mr Padda said: “I am extremely honoured by this opportunity. It is a huge and exciting task and I look forward to the challenge.
“I have a strong passion for our product and brand, and I look forward to continuing the strategic direction we have set for the company.”
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments