Niels Christiansen Named President/CEO of Danfoss A/S

Danfoss A/S, has announced that its president and CEO, Jorgen M. Clausen, has retired and that his successor, Niels B. Christiansen, has assumed those duties. Clausen will be named chairman of the Denmark-based company after Danfoss’ Annual General Meeting in the spring of 2009, according to the Danfoss board of directors. Christiansen joined the company in 2004 as its chief operating officer and a member of its executive committee. In May 2007, he earned a promotion to the position of vice-CEO. “Niels will lead a young, dynamic team and I have great confidence in their collective ability to succeed and drive Danfoss forward,” Clausen said. “During his time at Danfoss, Niels has shown that he is highly capable of renewing our business while affirming the company’s values and history. As a socially responsible innovator in the manufacturing industry, we are committed to engineering technology that conserves energy and slows climate change, and this approach will not change at all.” Christiansen will head the company’s Executive Committee, which consists of Executive Vice Presidents Kim Fausing, COO and Frederik Lotz, CFO. “I am excited about our opportunities and challenges that lie before us,” stated Christiansen. “We are completely focused on driving our business forward and meeting the needs of our customers in tackling global energy efficiency and conservation issues.” Visit www.danfoss.us.com for additional information. Photo: Jorgen M. Clausen, front, is handing the leadership reins to Niels B. Christiansen.