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Danfoss CEO steps down

Niels B. Christiansen is stepping down after nine years at the head of Danfoss, where the COO will take over.

Photo: Maria Tuxen Hedegaard
BY

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.

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