CEO Niels B. Christiansen leaves Danfoss – COO Kim Fausing will become new CEO

Date: 23/03/2017

Niels B. Christiansen has decided to leave Danfoss after nine years as CEO. COO, Kim Fausing is appointed new CEO of Danfoss as of July 1st and will continue the Danfoss strategy focusing on growth and digitalization.

After nine years as the CEO of Danfoss, with impressive financial results, a high performing organization, increasing growth and a digital transformation on track, CEO Niels B. Christiansen has decided to leave Danfoss.

COO Kim Fausing, who has worked closely together with Niels B. Christiansen in the Executive Committee, will become the new CEO.

CEO Niele B Christiansen and COO Kim Fausing

Chairman of the Board, Jørgen Mads Clausen praises Niels B. Christiansen’s significant importance to Danfoss.

“Niels’ mission in Danfoss is completed with honors. All financial figures are pointing in the right direction, the business is growing, and the organization is in great shape. I find it only natural that a CEO after 12 years at the helm would want new challenges and on behalf of the Board of Directors and myself, I would like to thank Niels for his outstanding leadership of Danfoss. At the same time, I am very pleased that we have such a highly competent successor in Kim Fausing, who for the past nine years has also played an important part in driving the positive development of Danfoss, “says Jørgen Mads Clausen.

Niels B. Christiansen says goodbye with pride in the results created during his time in Danfoss.”We have focused the business, optimized the engine room, we are growing, and our digital transformation is on track. It has been a huge team effort to conduct such a fundamental transformation. I am pleased to hand over a strong Danfoss in the best shape knowing that it will be in good hands. The time is right – both for Danfoss and for me. I am ready to take on new challenges – what exactly I haven’t decided yet,” says Niels B. Christiansen.

Kim Fausing knows what he takes on and is passionate about his new challenge. “I have felt at home in Danfoss from day one, and it will be an exciting challenge to continue the journey in the role of CEO. In the management team we have defined the strategy and future direction for Danfoss, and we will continue to follow the plans we’ve laid out. I am looking forward to the new tasks, which 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, “says Kim Fausing.