One of Denmark's top executives is stepping down. Danfoss CEO Niels B. Christiansen will step down from the company on July 1 after nine years in the post and 12 years at Nordborg. Current COO Kim Fausing will take over the helm, informs Danfoss in a press release.
"We have focused the business, optimized the engine room, we are growing, and our digital transformation is on track. It has been a huge team effort to conduct such a fundamental transformation. I am pleased to hand over a strong Danfoss in the best shape knowing that it will be in good hands. The time is right - both for Danfoss and for me. I am ready to take on new challenges – what exactly I haven’t decided yet," says Niels B. Christiansen in the press release.