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CEO Niels B. Christiansen
Leaves Danfoss After Nine Years
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.
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.
12
Water Leaders • May 2017