Kim Fausing

Denmark, July 18: Danfoss has appointed Kim Fausing as its new President and CEO, the company said through a Press communiqué. Fausing commenced his tenure on July 1, after serving as the company’s Executive Vice President and COO for nine years. He has succeeded Niels B Christiansen, who resigned earlier this year.

Speaking on his appointment, Fausing said: “I have felt at home in Danfoss from day one, and I 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, especially by focussing on growth and digitalisation.

“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 team.” 

Jørgen M. Clausen, Chairman of the Board at Danfoss, added: “I am very pleased that we have such a highly competent successor in Kim Fausing. For the past nine years, he has played an important part in driving the positive development. We can continue the positive development, with good growth, investing in digitisation and reaping constant improvements from the engine room.”

Levent Taskin, President of Danfoss Turkey, Middle East and Africa, said: “Kim has extensive knowledge and we are looking forward to seeing how new strategies and ideas will be implemented across the organisation, as well as how we can maximise these efforts in the Middle East region. Innovation and development are at the core of all our operations, and we feel extremely positive about this new era for the company.”