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Lego says thank you to Padda and hires Christiansen as new CEO


Denmark

Lego says thank you to Padda and hires Christiansen as new CEO

Danish toy giant Lego has removed its British boss of only eight months from the job.

Bali Padda was Lego’s first non-Danish boss, but at 61 the company decided a change was needed at the top to establish a longer tenure and continuity. Niels Christiansen, the former chief executive of industrial technology company Danfoss is taking over.


The company warned Padda, a 15-year veteran at the company, that it would look for a younger leader, but had not expected to find one so soon. Christiansen is 51.

Padda is credited with helping save Lego, a privately-owned firm, from near bankruptcy 13 years ago.