Danfoss, a global leader in manufacturing heating, ventilation, air-conditioning and refrigeration solutions, said Kim Fausing, an industry veteran, has taken over as its new president and CEO.

He will continue the Danfoss strategy, focusing on growth and digitalisation, said a statement from the company.

A Mechanical Engineering degree holder and an MBA from Henley,  Fausing has for the past nine years held the COO position in the top management team, where he worked closely together with former Danfoss CEO Niels Christiansen on creating strong financial results, a high-performing organisation, growth, and a digital transformation on track, it stated.

Levent Taskin, the president of Danfoss Turkey, Middle East and Africa, said: "Fausing 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," he noted.

Welcoming the appointment, Jørgen Clausen, the board chairman, said: "I am very pleased that we have such a highly competent successor in 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 digitisation and reaping constant improvements from the engine room," he added.
 
Prior to his new role, Fausing was executive vice president and COO since 2008, thus responsible for all the Danfoss segments as well as Danfoss Business System and Global Procurement.

On the appointment, Fausing said: "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."

"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," he added.-TradeArabia News Service