Sørensen nominated as Danfoss chairman

DENMARK: Jens Bjerg Sørensen has been nominated as chairman of the Danfoss A/S board of directors at the company’s AGM on Friday (March 25). 

Currently vice chairman, Sørensen’s nomination follows the decision last year by current chairman Jørgen Mads Clausen, the son of company founder Mads Clausen, to step down.

Danish national Jens Bjerg Sørensen (64) has been CEO of Danish engineering services company Schouw & Co since 2000, and board chairman of a number of companies. He has been a member of the board of Danfoss since 2020.

Clausen was CEO of Danfoss from 1996 to 2008, and chairman of the board since 2009. Although stepping down from the board, he intends to maintain his strong commitment to Danfoss.

Going forward, the family ownership of Danfoss A/S and the Foundation will continue with Mads-Peter Clausen, the son of Peter Mads Clausen, serving on the board of Danfoss A/S. He will also become a new member of the board of the Bitten & Mads Clausen Foundation.

In addition, the board of Danfoss A/S will be supplemented by the addition of Mads Clausen, the son of Jørgen Mads Clausen, who will continue as a board member of Bitten & Mads Clausen Foundation.

Danfoss is now a stronger, bigger and more global company, but also one with a clear goal of contributing to the green transition and combatting climate change with our energy-efficient products and solutions. It has been a pleasure to safeguard my parents’ life work for the benefit of Southern Jutland, Denmark, and the world. Now it’s time for the next generation to take the lead,” Jørgen Mads Clausen said.

“I will continue to be available to the company and represent the family to employees and business associates. But both my siblings and my wife and I are delighted that the third generation of the family is showing their commitment to Danfoss by taking on greater responsibility,” he added.

William Erwin Hoover, Jr, a board member since 2007 and chairman of the audit committee will also be stepping down at the AGM and Karin Dohm is nominated as his replacement. Dohm is said to have extensive experience in strategy, finance, and risk management, including MaRisk and compliance, and has been global head of government & regulatory affairs at Deutsche Bank and a Partner (Financial Services) in Deloitte. She is currently CFO of Hornbach Holding AG & Co.

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Danfoss announces family succession in 2022 – 27 March 2021
DENMARK: Danfoss has announced plans to pass on its family ownership to the grandchildren of the company’s original founder, Mads Clausen, in 2022. Read more…