Toy manufacturer company, Lego, has replaced the 61-year-old chief executive, Bali Padda, after spending eight months leading the company, stating that the company knew he was never going to stay in his position for long due to his age.
When Mr Padda took office last December, Lego disclosed that they were was immediately looking for his successor.
The hunt “for a successor was faster than we anticipated”, it said.
The Danish firm will now be led by the Ex-boss of Danfoss, Mr Neil Christiansen.
Bali Only Wanted An Interim Role
The Danish company, Lego in a statement said to some extent, the interim action of Mr Padda’s role as chief executive was “due to Bali’s own desire- and also they were an understandable agreement between himself and Jørgen [Lego’s chairman] throughout the span but not a long-term basis”.
A Lego representative in a statement disclosed that Mr Niels Christiansen, who left the engineering firm Danfoss at the end of June was the “perfect replacement” for the job.
Mr Christiansen will resume his new seat as a chief executive in October.
Mr Bali Padda, who has served the company for over 15 years now and became the firm’s first British chief executive, will continue to work with Lego, although as a special adviser in the company affairs.
The company experienced tremendous growth under his leadership and are expected to expand even further under the new Mr Niels Christiansen.