Latest / Boardroom Conversations with Fexingo: CEOs, Strategy, and Corporate Leadership Explained
How the Lego Board Built a Billion-Dollar Turnaround
In the early 2000s, Lego was near bankruptcy — sales had dropped 30 percent year-over-year, and the company was drowning in debt. This episode of Boardroom Conversations with Fexingo examines how the Lego board orchestrated one of the most famous corporate turnarounds in history. Lucas and Luna walk through the board's decision to fire CEO Kjeld Kirk Kristiansen, the appointment of Jorgen Vig Knudstorp as the first non-family CEO, and the hard pivot from 13,000 unique parts to a core portfolio. They discuss the board's role in selling off theme parks, exiting non-core product lines…
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