KIRKBI Investment Management serves as KIRKBI’s financial backbone and became an independent entity on 1 January 2026 as part of KIRKBI’s updated governance structure. The appointment of Morten Borge as Chair marks an important step in the continued development of the organisation.
Morten Borge is a seasoned investment executive with more than 20 years of experience in strategic leadership, governance, and capital allocation across both private and public markets. He currently serves as Chief Executive Officer at Ferd, one of Norway’s largest family-owned investment companies, where he has had the overall responsibility for the company’s strategy and governance since 2017. In addition, he serves on the boards of Folketrygdfondet and Wilh. Wilhelmsen Holding ASA.
Thomas Kirk Kristiansen, Owner and Chair of the KIRKBI A/S Board of Directors, said:
“KIRKBI Investment Management plays a key role as the foundation for our long-term family ownership. Morten brings deep investment expertise and strong governance capabilities, and we are very pleased to welcome him as Chair of KIRKBI Investment Management.”
Morten Borge, incoming Chair of the Board of Directors of KIRKBI Investment Management, said:
“KIRKBI has a long-term approach to ownership and investment, grounded in strong values and a clear purpose. I am excited to take on the role of Chair of KIRKBI Investment Management and to work with the board and leadership team to support the continued development of the organisation and its investment activities.”
Søren Thorup Sørensen, CEO of KIRKBI A/S, said:
“Morten’s experience in building and leading an investment organisation within a family-owned context is highly relevant. We look forward to benefiting from his insight and experience as we continue to strengthen and simplify KIRKBI Investment Management’s governance and long-term investment capabilities.”
KIRKBI Investment Management safeguards capital and generates attractive risk-adjusted returns to ensure long-term financial resilience. The organisation manages a globally diversified investment portfolio with a total value of approximately DKK 80 billion.
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.
Contact
Carsten Birkeland Kjær
Communications Director, KIRKBI Investment Management
