Danfoss has welcomed Kim Fausing as its new president and CEO. Fausing, who for the past nine years has served as Danfoss’ chief operating officer, steps into the role after the planned departure of Niels B. Christiansen.
“I have felt at home in Danfoss from day one, and I very much look 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. 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,” said Fausing
Chairman of the Board, Jørgen M. Clausen, said: “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. Danfoss can continue the positive development, with good growth, investing in digitization and reaping constant improvements from the engine room.”
Prior to his new role, Fausing was executive vice president and COO since 2008, responsible for all the Danfoss segments as well as Danfoss Business System and Global Procurement. In 2007, he joined Danfoss as president of the Danfoss Refrigeration & Air Conditioning Division. Fausing was employed by the Hilti Corporation from 1990 to 2006, serving in a range of international positions.