New 2017 LEGO CEO for the LEGO Group – Bali Padda

Starting January 1st, 2017, the LEGO Group will be getting a new CEO. Bali Padda (currently a Chief Operations Officer) will be replacing Jørgen Vig Knudstorp.  Currect LEGO CEO Jørgen Vig Knudstorp will be responsible for a new LEGO Group entity working with Thomas Kirk Kristiansen.

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The LEGO Group has announced that Bali Padda, current Chief Operations Officer, is appointed CEO of the company as of January 1, 2017.

Bali Padda takes over from Jørgen Vig Knudstorp who will head up the new entity LEGO Brand Group.

Bali Padda has been with the LEGO Group for 14 years and is at present heading up Operations while at the same time being overall responsible for people and organisational development. During the past ten years, he has been a member of the LEGO Group’s top management.

Commenting on the appointment of Bali Padda as CEO, Niels Jacobsen, Chairman of the Board of Directors of the LEGO Group, says:

“Bali Padda has a fantastic track record in the LEGO Group with more than 14 years of experience especially within supply chain functions, but more recently also focusing on people and organisational development. Bali has demonstrated an ability to drive the changes required in operations through the significant growth we have experienced during the past years. I am confident that Bali will continue to develop the company in close cooperation with management.”

You can read more about this press release here.

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Jørgen Vig Knudstorp to head up LEGO brand entity to increase focus on the long-term brand potential.

Current CEO of the LEGO Group, Jørgen Vig Knudstorp will chair the new entity in close partnership with deputy chair, Thomas Kirk Kristiansen.

“It has been very exciting to make these preparations for the future – not just for the next generation but also for generations to come. I am very pleased about the partnership between Thomas and Jørgen because I am convinced that their joint efforts and skills support our mission to inspire and develop the builders of tomorrow in the best possible way,” says Kjeld Kirk Kristiansen, third generation owner of the LEGO Group and Chairman of KIRKBI A/S.

As a consequence of his new role in the LEGO Brand Group, the Board of Directors of LEGO A/S will nominate Jørgen Vig Knudstorp to become Chairman of the Board in May 2017. Niels Jacobsen, present Chairman of the Board of Directors of LEGO A/S, will continue in his role as Deputy Chairman in KIRKBI A/S.

You can read more about this press release here.

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