| |
(Originally Posted May 21, 2012 from the DailyMail website.)
LEGO tycoon Kjeld Kirk Kristiansen gives more than a third of the voting shares
to his three children
By DAILY MAIL REPORTER
LEGO tycoon Kjeld Kirk Kristiansen has given more than a third of the voting
shares in his $6bn holding company to his three children, beginning the process
of handing over the toy empire to the next generation, writes Richard Orange
from Denmark.
The latest filings for Kirkbi, the holding company that controls LEGO and the
LEGOLAND theme parks, show that Kirk Kristiansen, has diluted his own vote to
just under 65 per cent, leaving Sofia (35), Thomas (33) and Agneta (29), with
11.61 per cent, 11.71 per cent, and 11.69 per cent respectively.
Kristiansen is Denmark’s richest man. Born in 1947, just before the company was
founded, he was the grandchild on whom LEGO founder Ole Kirk Christiansen tested
his original prototypes before arriving at the modern brick design in 1958. He
succeeded his father Godtfred as president and chief executive in 1979.
A spokesman for Kirkbi said: ‘We’ve made this change to prepare for an effective
change of generations in the future. We want to prevent any unpleasant family
disputes that might occur.’
The three children’s 49 per cent stake in Kirkbi was previously comprised solely
of non-voting shares, leaving their father Kjeld in total control. Their
increased say is expected to be formalised with executive positions.
Dailymail.co.uk
-end of report-
|
|
1 Message in This Thread:
- Entire Thread on One Page:
- Nested:
All | Brief | Compact | Dots
Linear:
All | Brief | Compact
|
|
|
|
