Kim Fausing, the new president and CEO of Danfoss. Photo credit: Danfoss
Before Kim Fausing became Danfoss’ new CEO, he had served the company as COO for nine years, where he worked closely with former CEO of Danfoss, Niels B. Christiansen to create a high-performing organisation, growth, strong financial results, and bring about a digital transformation. He will continue with Danfoss’ strategy to focus to growth and digitalisation.
“I have felt at home in Danfoss from day one, and I look very much forward to continuing the journey as 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 made,” Fausing said. “We have a good momentum, and we make significant investments in growth and digital transformation in order to stay ahead of competition and serve our customers in the best possible way. 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.”
“I am 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,” Jørgen M. Clausen, Chairman of the Board, said. “Danfoss can continue the positive development, with good growth, investing in digitisation and reaping constant improvements from the engine room.”