KIRKBI Strengthens Investment Governance with Appointment of Morten Borge as Chair of Investment Management Board

KIRKBI Strengthens Investment Governance with Appointment of Morten Borge as Chair of Investment Management Board

(IN BRIEF) KIRKBI A/S has appointed Morten Borge as Chair of the Board of Directors of KIRKBI Investment Management A/S, the entity responsible for managing the group’s investment activities. The organisation was established as an independent structure at the start of 2026 following updates to KIRKBI’s governance framework. Borge currently serves as CEO of the Norwegian investment company Ferd and brings more than two decades of experience in investment leadership, governance, and capital management. He also holds board positions at Folketrygdfondet and Wilh. Wilhelmsen Holding ASA. KIRKBI Investment Management oversees a globally diversified investment portfolio valued at approximately DKK 80 billion, with a focus on safeguarding capital and generating long-term returns. The appointment is intended to further strengthen the organisation’s governance and support its long-term investment strategy.

(PRESS RELEASE) BILLUND, 11-Mar-2026 — /EuropaWire/ — KIRKBI A/S has announced that Morten Borge will take on the role of Chair of the Board of Directors of KIRKBI Investment Management A/S, with the appointment taking effect immediately. KIRKBI is the holding company responsible for the LEGO Group as well as other businesses owned by the Kirk Kristiansen family.

The appointment follows the creation of KIRKBI Investment Management as a standalone organisation on January 1, 2026. The entity was established as part of a broader update to the company’s governance framework and is responsible for overseeing and supporting KIRKBI’s financial and investment activities. Bringing in a dedicated chair is seen as an important step in further developing the structure and leadership of the investment organisation.

Morten Borge joins the position with extensive experience in the investment sector and corporate leadership. He currently serves as Chief Executive Officer of Ferd, a major Norwegian family-owned investment company, where he has overseen the group’s strategic direction and governance since 2017. Over the course of his career, Borge has built expertise in capital allocation, investment strategy, and organisational leadership across both private and public markets.

In addition to his executive responsibilities at Ferd, Borge holds board roles at Folketrygdfondet and Wilh. Wilhelmsen Holding ASA. His professional background also includes serving as Investment Director and Co-Head of Ferd Capital from 2008 to 2017. Earlier in his career, he held the position of Chief Financial Officer at Interwell and worked in audit and transaction advisory at PwC.

Thomas Kirk Kristiansen, Owner and Chair of the Board of Directors of KIRKBI A/S, highlighted the significance of the investment management function for the family’s long-term ownership strategy. He noted that the organisation forms the financial foundation supporting the group’s long-term commitments and said Borge’s experience in investment management and governance would contribute valuable perspective to the board’s work.

Morten Borge said he was pleased to take on the new responsibility and emphasized the importance of KIRKBI’s long-term investment philosophy, which is guided by clear values and a long-range perspective. He added that he looks forward to collaborating with the board and management team to further develop the organisation and support its investment activities.

Søren Thorup Sørensen, CEO of KIRKBI A/S, pointed out that Borge’s track record in leading an investment organisation within a family-owned environment aligns well with KIRKBI’s own structure and ambitions. He noted that the company expects his insight to support ongoing efforts to strengthen governance practices and continue building the investment organisation’s long-term capabilities.

KIRKBI Investment Management is responsible for managing a globally diversified portfolio valued at roughly DKK 80 billion. The organisation’s mandate focuses on protecting capital while delivering strong risk-adjusted returns to secure the long-term financial stability of the KIRKBI group.

Biography: Morten Borge

Selected Board Roles

• Board Member, Folketrygdfondet (2023–present)
• Board Member, Wilh. Wilhelmsen Holding ASA (2021–present)

Business Experience

• CEO, Ferd (2017–present)
• Investment Director and Co-Head, Ferd Capital (2008–2017)
• Chief Financial Officer, Interwell (2010–2011)
• Audit and Transactions, PwC (2005–2008)

About KIRKBI

KIRKBI A/S is the holding company of the LEGO Group and other companies owned by the Kirk Kristiansen family. With a purpose of building a better future for children, KIRKBI is committed to reinvesting future proceeds from the LEGO Group and other holdings into building businesses within three business areas: LEGO Holding, KIRKBI Education, and KIRKBI Climate. Rooted in the values and principles that have guided the LEGO® brand for generations, KIRKBI actively engages in its businesses with the long-term perspective needed to make a lasting difference.

Media Contact:

Carsten Birkeland Kjær
Communications Director, KIRKBI Investment Management
+45 4260 7765
carsten.birkeland.kjaer@kirkbi.com

SOURCE: KIRKBI A/S