Leadership team

Kurt Carstensen

Chief Financial Officer

Born: 1961

Education: MSc in Finance and Accounting, University of Southern Denmark, 1990. State Authorised Public Accountant

Career and positions

1992-1997 Deloitte, Partner 1997-2004 LEGO System A/S, Vice President 2005-2006 Alstom Power FlowSystems, CFO 2006-2008 Louis Poulsen Lightning A/S, CFO 2009-2011 GPV International A/S, CFO 2011- KIRKBI A/S, CFO

Other management positions

Chairman of the Board of Kvist Industries A/S. Member of the Board in Isabellafonden (and five fully owned subsidiaries), Søstrene Grenes Holding ApS (and two fully owned subsidiaries), Dansk Skorstensteknik A/S, Great Northern A/S, CoC Office A/S and nine fully-owned subsidiaries of KIRKBI A/S

Sidsel Marie Kristensen

Head of Legal

Born: 1975

Education: Master of Law, Aarhus University, 2000. Master in International and European Business Law, University of Leuven, 2007

Career and positions

2000-2015 Bech-Bruun (2000-2013) Lawyer (2014-2015) Partner 2016- KIRKBI A/S, Head of Legal

Other management positions

Member of the board of directors of Koldingvej 2, Billund A/S and 14 fullyowned subsidiaries of KIRKBI A/S.

Steen Pedersen

Head of Global Real Estate

Born: 1960

Education: BSc in Civil Engineering, Technical University of Denmark, 1986. Executive MBA, Scandinavian International Management Institute, 2003. Executive education at INSEAD, Wharton and London Business School

Career and positions

1986-1993 ABB Energy and Industry, Project Manager and Manager 1993-2010 NNE Pharmaplan. (1993-1997) Manager 2010-2013 Alvent A/S. (2010-2011) Director. (2011-2013) CEO & Co-owner 2013- KIRKBI A/S, Head of Global Real Estate

Other management positions

Member of the Board of eight fullyowned subsidiaries of KIRKBI A/S

Thomas Lau Schleicher

Chief Investment Officer

Born: 1973

Education: MSc in Finance and Accounting, Aarhus School of Business, 1998

Career and positions

1998-2000 Handelsbanken, Associate 2000-2001 Alfred Berg Bank, Associate 2001-2010 EQT Partners, Director 2010- KIRKBI A/S, CIO

Other management positions

Member of the Board of Välinge Group AB, Boston Holding A/S and KIRKBI Burbo Extension Holding (UK) Limited, a fully-owned subsidiary of KIRKBI A/S.

Søren Thorup Sørensen

Chief Executive Officer

Born: 1965

Education: MSc in Accounting and Audit from Copenhagen Business School. State Authorised Public Accountant

Career and positions

1987-2006 KPMG, Partner 2006-2009 A. P. Møller-Mærsk, CFO 2010- KIRKBI A/S, CEO

Other management positions

Member of the Board of LEGO A/S, Falck A/S, Merlin Entertainments plc, Ole Kirk’s Foundation, Koldingvej 2, Billund A/S, Boston Holding A/S (chairman) and five fully-owned subsidiaries of KIRKBI A/S

BUSINESS AREAS

CONTENTS

Strategic Activities

32 LEGO Brand Group 34 The LEGO Group 36 Merlin Entertainments plc 38 LEGO Ventures

Other Strategic Activities

41 Renewables

Investment Portfolio

42 Investment Activities 45 Long-term Equity Investments 47 Real Estate Investments