The toymaker said Bali Padda would make way for Niels Christiansen, a 51-year-old former chief executive of Danfoss, a Danish manufacturing and technology company. Under Knudstorp, Lego enjoyed a decade of growth, tying up with movie franchises such as Star Wars, Harry Potter and Indiana Jones in deals spanning Lego sets, video games, movie franchises and smartphone applications. The success story continued with the launch of The Lego Movie in 2014. He played an integral role in its turnaround and during his time as chief executive he created a solid foundation from which to continue to transform the company. The first Lego piece rolled off the production line in 1949 and the company started exporting in 1956.

Source: The Guardian August 10, 2017 18:52 UTC