In 1935, following the death of  William Nygaard, the publishing house turned into a corporation in connection with the inheritance settlement and Williams Nygaard's son, Mads Wiel Nygaard became the Executive Officer.
After William Nygaard passed away in 1935, the publishing company transitioned into a corporation as part of his estate settlement. His son, Mads Wiel Nygaard, then assumed the role of Executive Officer.