Longtime Lego CEO to be replaced next year
COPENHAGEN, Denmark — The man who for 12 years has led Lego, the Danish company famous for its popular colored toy blocks, will be replaced by the current chief operating officer, the group said Tuesday.
Lego said that 60-year-old Bali Padda will take over Jan. 1 from Joergen Vig Knudstorp, who will head up a new entity within the group.
Padda, the current chief operations officer, joined Lego in 2002 in Enfield, Connecticut.