Kim Fausing has been appointed as the new president and CEO of Danfoss with effect from 1 July, 2017.
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.
Talking about the appointment, Fausing said: "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.
"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."
The 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.”
Levent Taskin, president of Danfoss Turkey, Middle East and Africa, said: “Kim has extensive knowledge of Danfoss 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 Danfoss operations, and we feel extremely positive about this new era for the company.”
Fausing holds a Degree in Mechanical Engineering and an MBA from Henley.