The Grundfos Holding board of directors has appointed group executive vice president Poul Due Jensen as the new CEO of the Danish pump company.
Due Jensen, the grandson of Grundfos founder Poul Due Jensen, has taken over from Mads Nipper who is leaving to become CEO of Danish energy company Ørsted.
“After a thorough process where a number of highly qualified options were assessed, it became clear that Poul was the right choice,” said Jens Moberg, chairman of the board of Grundfos. “Crucial to the decision has been Poul’s global experience, strong results, leadership qualities and values. We are pleased that Poul wants to take on the position of CEO and we see it as an opportunity to build on and accelerate on the great results that have been created in recent years.”
“In a challenged global economy impacted by the Covid-19 pandemic, we have major tasks ahead in the short term, but at the same time we must look ahead: the strong economic results of previous years give us the best starting point for implementing a new and ambitious strategy,” said Due Jensen. I want us to strengthen our focus on a new and customer-oriented structure and focus more on innovation and digital competencies. And then I am passionate about developing Grundfos, so that we continue to be an attractive workplace for talents from all over the world.”
In September, Grundfos announced a reorganisation that will lead to the loss of approximately 600 jobs worldwide.