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Toymaker Lego returns to Danish roots with sudden CEO switch

Reuters  |  COPENHAGEN 

By Jacob Gronholt-Pedersen and Teis JensenCOPENHAGEN (Reuters) - Lego abruptly removed its chief executive Bali Padda after just eight months on Thursday, replacing the 61-year-old Briton with a younger Danish industrialist in a battle to become the world's biggest toymaker.The Danish company said it had appointed Niels B. Christiansen, 51, who joins Lego after nine years as CEO of Danfoss where by focusing on digitalisation he increased sales and turned the firm into a global leader in energy efficiency.Lego is hoping Christiansen can revive its flagging growth by increasing sales in Asia ...

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First Published: Thu, August 10 2017. 20:59 IST