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Danfoss A/S Announces Top-Level Managerial Changes

18 December 2007

Fausing will oversee three divisions; Staerk will become president of Danfoss Refrigeration & Air Conditioning

Danfoss A/S, the Denmark-based parent company of Danfoss Inc. (U.S. and Canada), has announced several top-level managerial changes following the retirement of Hans Kirk, executive vice president and chief development officer.

Effective Jan. 1, 2008:

Kim Fausing will become executive vice president and chief operations officer, and join the Danfoss Executive Committee. He will assume responsibility for the company’s three product divisions: Danfoss Refrigeration & Air Conditioning, Danfoss Heating and Danfoss Motion Controls. He was previously president of Danfoss Refrigeration & Air Conditioning.
Kjeld Staerk will become president of Danfoss Refrigeration & Air Conditioning. He was president of the Danfoss Services Division.
Ole M. Daugbjerg will become chief reputation officer. He was previously chief of staff.
Roland Fritsch will become senior vice president of the Danfoss Services Division. He was senior vice president of Danfoss Global Business Services.

Kirk will remain a member of the Sauer-Danfoss board, chairman of the Danfoss Bionics A/S board, and vice chairman of the Bitten and Mads Clausen Foundation. He will also continue to be in charge of Danfoss Ventures until the Danfoss A/S Annual General Meeting on April 25, 2008.

As of Jan.1, 2008, the Danfoss Group’s Executive Committee will consist of Jorgen M. Clausen, chief executive officer; Niels B. Christiansen, vice chief executive officer; Kim Fausing, chief operations officer; and Frederik Lotz, chief financial officer.

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