International. Danfoss announced that effective July 1, Kim Fausing has assumed the role of new president and CEO, and will continue the company's strategy, focusing on growth and digitalization.
For the past nine years, Fausing served as chief operating officer on the management team, where he worked closely with former Danfoss President Niels B. Christiansen on creating strong financial results, a high-performing organization, growth and a digital transformation on the way.
"I feel at home at Danfoss from day one, and I'm very excited to continue the journey as CEO. In the management team, we have defined danfoss' strategy and future direction and will follow the plans we have. We have good momentum and make significant investments in growth and digital transformation to stay ahead of the competition and serve our customers in the best possible way. I look forward to the new tasks that I will pursue with great respect, and I look forward to continuing the development of Danfoss together with the strong Danfoss team and the Board of Directors," said Kim Fausing.
Chairman of the Board, Jørgen M. Clausen, is very much looking forward to continuing the good cooperation with Kim Fausing in his new role.
"I am very happy that we have such a competent successor in Kim Fausing, who for the past nine years has also played an important role in driving positive development. Danfoss can continue the positive development, with good growth, investing in digitalization and reaping constant improvements of the engine room," says Jørgen M. Clausen.
In March of this year, Danfoss announced that Niels B. Christiansen had decided to leave the company after nine years as CEO, and Kim Fausing was named the new CEO.
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