President & Chief Executive OfficerBorn: August 31, 1964Kim Fausing has broad management experience from leading positions in global industrial companies. In 2017, Kim Fausing was appointed President & CEO. Prior to this, since 2008, he was Executive Vice President & COO, thus responsible for all the Danfoss segments as well as the Danfoss Business System and Global Procurement. In 2007, he joined Danfoss as President of the Danfoss Refrigeration & Air Conditioning Division. Kim Fausing was employed in the Hilti Corporation from 1990 to 2006, a family-owned company headquartered in Liechtenstein with more than 21,000 people worldwide. Kim Fausing held a range of international positions at Hilti and, in 2003, he was appointed Division President and member of the Group Executive Management Team at the company’s headquarters. Kim Fausing holds a Degree in Mechanical Engineering and an MBA from Henley. Considerable board activities:
Executive Vice President & Chief Financial OfficerBorn: November 3, 1969Jesper V. Christensen has a broad financial and business experience from several management positions in Danfoss and the former Sauer-Danfoss Inc.In 2009, he was appointed Executive Vice President & CFO in Sauer-Danfoss Inc., a position he held until 2013, where he was appointed Executive Vice President & CFO of Danfoss A/S in connection with the acquisition and integration of Sauer-Danfoss Inc. in Danfoss.
In 1993, he joined Danfoss A/S in the Post Rotational Program (today called the Post Graduate Program). In 1998, he became Global Finance Manager in Danfoss Drives, and in 2004, Vice President, Financial Services in Danfoss Global Business Services. In 2007, he was appointed Vice President, Finance, IT and HR in Danfoss Motion Controls. Jesper V. Christensen holds a Master of Science in Accounting and Finance.
Considerable board activities:
Senior Vice President, Human ResourcesBorn: December 5, 1969Lene Reitzel is a versatile HR executive with solid HR and leadership experience from leading positions in global industrial companies.In 2017, Lene Reitzel joined Danfoss as Senior Vice President for Human Resources with responsibility for the overall leadership and direction setting across the HR value chain.Prior to this, since 1999, she was employed with A.P. Møller - Mærsk, covering several senior and executive HR positions in corporate functions and Maersk entities. Most recently, in 2015-2017, as Chief HR Officer (CHRO) in Maersk Drilling, and in 2013-2015, as CHRO in Maersk Tankers. In 1991-1999, she served in various commercial positions with Damco and was expatriated in the US 1991-1996.Lene Reitzel holds several degrees from executive education programs at the University of Michigan, IMD Business School, and Harvard Business School in addition to company leadership programs.
President, Danfoss Power SolutionBorn: April 26, 1966Eric Alström has a broad management experience from leading positions in global industrial companies.In 2012, he joined Danfoss as President and CEO for Sauer-Danfoss Inc., a publicly listed company on the New York Stock Exchange, whose majority shareholder was Danfoss. When Danfoss bought the remaining shares in 2013, the company was renamed, and Eric Alström became President for Danfoss Power Solutions.In 2008-2012, Eric Alström served as Managing Director (Geschäftsführer) at Benteler Automotive. 1992-2008, he held several leading positions within General Motors in Europe, the US, and the Asia-Pacific region, concluding as Vice President of Purchasing and Supply Chain for GM Europe and Geschäftsführer Adam Opel GmbH.Eric Alström holds a Master of Science in Management from the Stanford University Graduate School of Business as well as a Bachelor of Science degree in Business Administration & Economics from the Gothenburg University.
President, Danfoss CoolingBorn: December 12, 1963Jürgen Fischer has a broad leadership experience from global industrial companies within IT, telecommunication, and machine-building.In 2015, Jürgen Fischer was appointed President of Danfoss Cooling. In 2008, he joined Danfoss as Vice President for Industrial Automation, and in 2010, he became Senior Vice President for Automatic Controls. In 2013, he was appointed President of the Refrigeration and A/C Division.Prior to Danfoss, he was Global Vice President at GN Netcom and Jabra®. He also held leading positions at Genicom, California Kleindienst Autowaschtechnik, and Digital Equipment.Jürgen Fischer holds a Master Degree in Economics from the University of Augsburg. In addition, he has taken several degrees from executive education programs at INSEAD and IMD.
President, Danfoss DrivesBorn: June 21, 1957Vesa Laisi has a broad management experience from leading positions in global industrial companies.In 2014, Vesa Laisi was appointed President of Danfoss Drives in connection with the acquisition and integration of Vacon Plc., a global AC drives manufacturer, listed at NASDAQ OMX Helsinki and headquartered in Vaasa, Finland. For 13 years, Vesa Laisi was President and CEO of Vacon Plc.In 1982-2001, he held various positions at Vaisala, ABB Industry (Drives Group), ABB Strömberg Drives, Strömberg UK (England), and Kymi-Strömberg.He holds an M.Sc. in Electronics from the Tampere University of Technology in Finland, and an M.Sc. in Marketing from the Helsinki University of Economics in Finland. Moreover, he has taken additional studies in the Euro MBA program at the Helsinki University of Technology in Finland.
President, Danfoss HeatingBorn: June 26, 1963Lars Tveen has a broad management experience from leading positions within Danfoss.In 2015, Lars Tveen was appointed President of Danfoss Heating. Prior to this, since 2009, he held leading positions as President of Danfoss District Energy and as Senior Vice President of Danfoss District Heating.In 1989, he joined Danfoss as a management trainee, and from 1989 to 2009, he held various positions within Danfoss, e.g. 1994-1996, expatriated in Chicago, USA, as Market Manager of the US HVAC market. In 1999, he took over as Sales and Marketing Director of the High-Pressure Division.Lars Tveen holds a Bachelor degree (Prod.Eng) from the Faculty of Engineering in Odense and a Bachelor of Commerce from the University of Southern Denmark.