The next milestone in Lego’s generational change has been taken

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A generational change in LEGO has long been underway.

The change took off in earnest when LEGO announced in september 2021 that Kjeld Kirk Kristiansen would step down as chairman of the family’s Holding and investment company Kirkbi in the spring of 2023.

Now another milestone in the ongoing generational change has been taken.

The CVR register states that LEGO heir Kjeld Kirk Kristiansen has resigned as chairman of the board of the billion-dollar company Koldingvej 2, Billund a/S. His son, Thomas Kirk Kristiansen, takes over the post.

The company owns 25 percent of LEGO and is behind the group’s experience House, LEGO House.

It writes Finance.

Kjeld Kirk Kristiansen has been chairman of the board since 1996.

In 2016, the family took the first formal steps in the generational change, when Kjeld Kirk Kristiansen and his son Thomas Kirk Kristiansen changed roles on the board of LEGO A/S, where Thomas Kirk Kristiansen became vice chairman, and Kjeld Kirk Kristiansen became a board member.

Similarly in the LEGO Foundation’s Board of directors, where Thomas Kirk Kristiansen became chairman and Kjeld Kirk Kristiansen vice chairman.

In 2019 Kjeld Kirk Kristiansen stepped down from the board of LEGO A/S.

“For a number of years, we have prepared thoroughly for how we want to pass on family ownership through the generations. Now is the right time for the next step, where I step down from the board of LEGO A/S. My son Thomas and I have worked closely together on the LEGO A/S board since 2007, and I am very pleased to see the development he has undergone and the responsibility he is taking on,” said Kjeld Kirk Kristiansen in a press release in 2019.

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