BJERRINGBRO, Denmark - Grundfos Holding's Board of Directors has appointed Group Executive Vice President Poul Due Jensen as the new CEO of Grundfos.
Due Jensen has said yes and will take up the post immediately.
"The job as CEO of Grundfos is one of the most exciting jobs in Denmark," said Jens Moberg, chairman of the board of Grundfos. "After a thorough process where a number of highly qualified options were assessed, it became clear that Poul was the right choice. Poul has been an invaluable part of Grundfos since the turn of the millennium and since 2015 he has been a central part of the Group Management.
"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."
Due Jensen said he looks forward to further developing Grundfos' global leadership position within water and pump solutions, as well as contributing to solving the world’s water and climate challenges and improve the lives of people in collaboration with their partners worldwide.
Jensen replaces Mads Nipper, who resigned earlier this year.
Due Jensen will be the third generation of his family to lead the company since its founding in 1945. Due Jensen has an MBA in business administration and marketing and executive education from Stanford University. He was appointed group executive vice president in 2015 with responsibility for dales, marketing and service. Before joining Grundfos, he worked as sales manager for Computerstore from 1995-2000. At Grundfos he has held numerous positions as a in marketing, as a segment director, group senior vice president and more since 2000.