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

Christiansen steps down as Danfoss CEO

Niels B Christiansen (left) is stepping down to be replaced by Kim Fausting (right)

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.

Niels B Christiansen joined Danfoss in 2004 with a masters degree in technical engineering and a background in top-level management. This included four years at management consultancy McKinsey & Company, two years as vice-president at tools manufacturer Hilti, and seven years as CEO at Danish telecoms company GN Netcom.

Previously president of Danfoss’ Refrigeration and Air Conditioning Division, Kim Fausing became COO in 2008.

Commenting on Christiansen’s departure, Danfoss chairman Jørgen Mads Clausen said: “Niels’ mission in Danfoss is completed with honours. All financial figures are pointing in the right direction, the business is growing, and the organisation is in great shape. I find it only natural that a CEO after 12 years at the helm would want new challenges and on behalf of the board of directors and myself, I would like to thank Niels for his outstanding leadership of Danfoss.

“At the same time, I am very pleased that we have such a highly competent successor in Kim Fausing, who for the past nine years has also played an important part in driving the positive development of Danfoss,” he added.

Latest News

16th October 2025

Power converter will electrify diesel reefers

FRANCE: Carrier Transicold is to unveil a power solution that transforms high-voltage direct current from a tractor’s battery into the alternating current needed to operate a refrigeration unit.
16th October 2025

Getting around to saving local pubs

UK: Wholesaler Hawco and refrigeration manufacturer Marstair have raised £1000 for Plunkett UK, a charity that helps communities to own and run pubs, shops and other local businesses.
16th October 2025

Lennox completes Duro Dyne and Supco brand purchase

USA: Lennox has completed the purchase of the HVAC Division of NSI Industries, including the Duro Dyne and Supco brand platforms.
15th October 2025

Panasonic glory at PRO Awards

CZECH REPUBLIC: German projects took the major glory at this week’s Panasonic Heating & Cooling Solutions PRO Awards to recognise Panasonic’s most outstanding European HVACR projects.
15th October 2025

AIT opens €3m heat pump test lab

AUSTRIA: The Austrian Institute of Technology (AIT) has officially opened what it claims is the country’s most modern heat pump laboratory. 
15th October 2025

MHI R32 AC wins good design award

JAPAN: Mitsubishi Heavy Industries Thermal Systems’ Hyper Multi LXZ Series multi-splits has won a Good Design Award from the Japan Institute of Design Promotion.