Niels B. Christiansen: "It's good for Danfoss that I'm stopping now"

After nine years on the job, Danfoss' departing CEO will not say no to foreign job offers nor board postings when he steps down in the summer.

BY MAZ PLECHINGER

Published: 22.03.17 at 13:08

On Wednesday morning, Danfoss dropped a bombshell: After nine years as CEO, Niels B. Christiansen is stepping down from as CEO of Denmark's 14th largest company. During his tenure, the executive has increased the billlion-kroner revenue by almost 50 percent and seen the bottom line go from deficit to the company's best ever result of almost DKK 3 billion after tax.

Given that the CEO has served since 2008, perhaps the departure is not so surprising. It is rare for a CEO to occupy the same chair for such a long period, and the question is, naturally, whether the resignation is Christiansen's way of saying that he had nothing more to offer Danfoss.

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