World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Fausing takes over as Danfoss CEO

DENMARK: Kim Fausing officially takes over as the new CEO of Danfoss this morning, following the departure of Niels B Christiansen.

Christiansen bowed out of the position he has held for the last nine years with a special reception in Nordborg last Thursday. Danfoss chairman Jørgen Mads Clausen saluted him by saying: “You have been the driving force in securing Danfoss’ great reputation. The strategy for the digital transformation is in place. Niels, your mission at Danfoss has been completed with prime results.”

Danfoss chairman Jørgen Mads Clausen (left) thanked outgoing CEO Niels B Christiansen for his efforts

The new CEO, 52-year-old Kim Fausing, joined Danfoss in 2007 as president of the Refrigeration & Air Conditioning Division.

Kim Fausing has broad management experience from leading positions in global industrial companies. In 2008, he became executive vice president and COO, with responsibility for all the Danfoss segments as well as the Danfoss Business System and Global Procurement.

Prior to his time at Danfoss, Fausing was employed by the Hilti Corporation for 16 years, latterly as division president and member of the group executive management team.

 

Related stories:

Christiansen steps down as Danfoss CEO – 24 March 2017
DENMARK: Niels B Christiansen is to step down after nine years as CEO of Danfoss. Executive vice-president and COO Kim Fausing will become the new CEO. Read more…

Latest News

29th March 2024

BUS applications up 75% in February

UK: Applications for grants under the UK government’s Boiler Upgrade Scheme (BUS) in February were 75% higher than during the same month last year, new statistics reveal.
29th March 2024

EBM-Papst opens new Chinese HQ

CHINA: German fans and motors manufacturer EBM-Papst has established a new 33,000m² local headquarters in China, bringing together the company’s previous four locations in Shanghai.
28th March 2024

Hudson warns of unsafe US recovery cylinders

USA: The US refrigerant supplier and reclaimer Hudson Technologies has warned of illegal and unsafe recovery cylinders entering the US market.
28th March 2024

Topical talks at Bath breakfast meeting

UK: The next South West South Wales Refrigeration Society breakfast briefing will feature talks from three experienced and knowledgable speakers on varied refrigeration and air conditioning topics.
28th March 2024

CO2 compressor for multiple applications

ITALY: Frascold’s new TK HD series transcritical CO2 compressors are designed for a wide range of refrigeration and air conditioning applications, as well as high-temperature heat pumps up to 100°C.
28th March 2024

Copeland releases 50hp scroll in Asia

CHINA: US compressor manufacturer Copeland is to launch a 50hp scroll for heat pump OEMs in Asia.