|
|
|
|
 |
|
The Danfoss Group: Jørgen M. Clausen to retire - Niels B. Christiansen to become new CEO
|
|
The Danfoss Group’s President and CEO since 1996, Jørgen M. Clausen, has announced to the company Board that he wishes to retire from his position, with effect from October 1st, 2008.
The Board has taken note of Jørgen M. Clausen’s request and has appointed Niels B. Christiansen as new President and CEO, with effect from the same date. |
|
|
|
|
This means that Jørgen M. Clausen will retire from his position as President and CEO a few days after his 60th birthday, which will be celebrated in Danfoss on September 23.
“I consider it to be the best time to retire from the company’s day-to-day operations and concentrate on my directorships, which include, not least, the chairmanship of Sauer-Danfoss and membership of the board of the Bitten and Mads Clausen Foundation,” says Jørgen M. Clausen.
"Since his appointment as President and CEO, Jørgen has increased Danfoss’ global presence substantially and he has played the pivotal role in a rather sensational expansion, which has seen Danfoss’ net sales, profits and its number of employees increase considerably,” points out the chairman of the Board, Henrik E. Nyegaard. Henrik E. Nyegaard also informed the Danfoss A/S Board that he will not offer himself for re-election at the company’s Annual General Meeting in the spring of 2009. Henrik E. Nyegaard says that the Board has decided to nominate Jørgen M. Clausen as new chairman when it elects its own chairman after the Annual General Meeting.
"I have had 14 fantastic years as Vice-chairman and Chairman, respectively, of Danfoss but I am rapidly approaching retirement age, so Jørgen has chosen the best time – from my point of view as well,” says Henrik E. Nyegaard.
New CEO set to head a young team
The new President and CEO, Niels B. Christiansen, joined Danfoss in 2004 as Chief Operating Officer and as a member of the Executive Committee. In May 2007, he was promoted to become the Vice-CEO. With effect from October 1, he will head the Executive Committee, which consists of the Executive Vice Presidents Kim Fausing (COO) and Frederik Lotz (CFO).
"It is a young and dynamic team that I have great expectations of and confidence in,” points out Jørgen M. Clausen, who adds that the Group’s Executive Committee will receive substantial support from the top-level management, which consists of the Presidents of the Group’s three divisions: Kjeld Stærk, Danfoss Refrigeration & Air Conditioning Division, Nis Storgaard, Danfoss Heating Division, and Sven Ruder, Danfoss Motions Controls Division.
”During his time at Danfoss, Niels has proved that he is capable of renewing our business and, at the same time, guaranteeing the company’s values and history. It is with complete peace of mind that I leave the responsibility for the day-to-day business and the continued development to him and his team,” says Jørgen M. Clausen, who invited Niels B. Christiansen to join Danfoss.
Danfoss is set to celebrate Jørgen M. Clausen’s 60th birthday and his retirement following 12 successful years as CEO on September 23. Danfoss Universe, the adventure park for nature and science, will be the focal point of the birthday celebrations and the reception – entirely in the spirit of Jørgen M. Clausen. |
|
|
|
|
|
|
|
|
|
|