Saturday, 19 August, 2017

Christiansen appointed as new LEGO Group CEO

Lego growth slowed in the second half of the year Lego growth slowed in the second half of the year Credit Andrey Rudakov Bloomberg
Juana Turner | 11 August, 2017, 00:24

Christiansen will take on the role from October 1.

Toymaker Lego named Niels Christansen as chief executive replacing Balid Padda.

Jorgen Vig Knudstorp, the chairman of the LEGO Group, emphasizes that Padda's age and "realisation he could only do the job for a few years at most" have brought about a change in the top management.

During his time at Danfoss, Christiansen was credited with giving the global company a larger digital focus.

Padda, who took over as chief executive for Lego eight months ago, was Lego's first foreign CEO. The search had been expected to take longer than a year, but Christiansen was considered the right person for the role.

In March, Lego said its 2016 revenue grew 6 percent to 37.9 billion kroner ($6 billion), the highest figure in the company's 85-year history.

Mr Knudstorp said the transition to a new chief executive simply happened more rapidly than had been anticipated.

Christansan has been serving Danfoss, an engineering company, as CEO.

Christiansen is already looking ahead to his new role. Bali knew that I would immediately look for a successor.

He said he is "honoured to have the opportunity to join an organisation as iconic and purpose-driven as the LEGO Group".

Lego, a competitor to Mattel, has been focusing on manufacturing of colorful plastic internet locking bricks and minifigures.

Recommended

  • Dr Ruth Pfau passes away

    Dr Ruth Pfau passes away

    The doctor of German descent had been feeling unwell since weeks and her doctors were not very hopeful, sources said . Pfau first witnessed leprosy, an infectious disease that affects the skin and other organs of the body, in Karachi .
    How to enjoy the Perseids meteor shower in Qatar

    How to enjoy the Perseids meteor shower in Qatar

    The moon, which will be three-quarters full, will make it slightly more hard to see - as will viewing from the city. A meteors shower is a spike in the number of meteors or "shooting stars" that streak through the night sky.
    Nord Corea, Tokyo:

    Nord Corea, Tokyo: "Intercetteremo missili Pyongyang contro Guam"

    Secondo quanto riportato da diversi media internazionali, la Corea del Nord starebbe pensando aa un attacco militare contro la base statunitense di Guam .
  • Friday's Mega Millions jackpot is now $393

    Friday's Mega Millions jackpot is now $393

    While no one has won the Powerball and Mega Millions jackpots, a lucky ticket holder in the Heights struck it rich. The Powerball jackpot is expected to roll to an estimated $356 million.
    Marijuana + High Blood Pressure = Greater Death Risk

    Marijuana + High Blood Pressure = Greater Death Risk

    Marijuana stimulates the sympathetic nervous system, leading to increases in heart rate, blood pressure, and oxygen demand. Results reveal marijuana users have a 3.42 times higher risk of a high blood pressure-related death than non-users.
    Why Chris Pratt & Anna Faris are really divorcing

    Why Chris Pratt & Anna Faris are really divorcing

    Talking about the mother of his 4-year-old son , Jack , he writes, "She is fierce and very loyal, she rarely punishes people ". The actress has been crying ever since the split was made public and she has been depending on her family for support.
  • Uber's Graves stepping down from full-time job, stays on board

    Uber's Graves stepping down from full-time job, stays on board

    Benchmark itself has a seat on the board and aided efforts to get the former CEO to resign in June. The firm is also seeking "an award of related damages caused by Kalanick's fraud".
    Percent Would Support Postponing the 2020 Election

    Percent Would Support Postponing the 2020 Election

    Quick with a caveat, the pair noted that their survey "is only measuring reactions to a hypothetical situation". They believe that Trump really won the popular vote.
    Deposed Pakistani Prime Minister Continues March Toward Lahore

    Deposed Pakistani Prime Minister Continues March Toward Lahore

    And Imran Khan 's Pakistan Tehreek-e-Insaf said that Sharif failed to bring out people and the rally was already a "flop show". According to police officials, around 8,000 to 8,500 people and 900 to 950 vehicles had joined the procession.
  • Fan jumps on stage at Britney Spears show, gets tackled by security

    Fan jumps on stage at Britney Spears show, gets tackled by security

    Billboard reported that another video shows the man being held down by some male dancers and security while he's being handcuffed. Spears was noticeably distressed when she realized what happened in the midst of singing her hit song, " Crazy ".
    Trump Pushes Back Against Mitch McConnell's Criticism Of 'Excessive Expectations'

    Trump Pushes Back Against Mitch McConnell's Criticism Of 'Excessive Expectations'

    Repealing and replacing the law, commonly known as Obamacare, was also a key promise Trump had made on the campaign trail. President Trump's relationship with Congress has become more and more strained as he struggles to find legislative wins.
    Fire decimates pumping capacity for East Bank of Orleans Parish

    Fire decimates pumping capacity for East Bank of Orleans Parish

    Constant duty pumps are smaller pumps that move water through the drainage system but don't actually move water out of the city. The Orleans Parish School Board said in a statement Thursday that schools are closed Thursday "out of abundance of caution".

Kings F Zach Randolph arrested for marijuana possession Kings F Zach Randolph arrested for marijuana possession CBS 2 reports that Randolph and another man were arrested after police were confronted by a mob outside of a housing project. Randolph's agent and lawyer, Raymond Brothers, told ESPN that the charges are false and misleading.

Facebook Watch is a social video service for mobile and beyond Facebook Watch is a social video service for mobile and beyond Mike Rowe of "Dirty Jobs" fame will host a show that highlights "people doing something extraordinary for their communities". Each show will also have its own Facebook Group as a place for further discussion.

Paresh Rawal mocks Ansari over 'Muslim' remarks, says 'get well soon' Paresh Rawal mocks Ansari over 'Muslim' remarks, says 'get well soon' The Prime Minister said that Shri Ansari's family has been in public life for generations. He also wondered if Ansari was looking for "political shelter" after retirement.