On July 1, Danfoss 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. In March of this year, Danfoss announced that Christiansen had decided to leave the company after nine years as CEO, and Fausing was appointed new CEO. The two had worked closely together to create strong financial results, a high-performing organization, and put a digital transformation on track.