Chair of the board of Danfoss, Jørgen Mads Clausen, will officially resign at the company’s annual general meeting on 25 March, 2022.
The board has nominated current vice chair Jens Bjerg Sørensen to succeed Clausen.
“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. The timing is right for me,” Clausen said.
Clausen said Danfoss is now a stronger, bigger and more global company.
He was CEO of Danfoss from 1996 to 2008, and chair from 2009.