Danfoss A/S and Bitten & Mads Clausen’s Foundation are about to implement a well-planned generational succession of the representatives of its family ownership.
This means that, following decades of passionate contribution to Danfoss and the Foundation, Jørgen Mads Clausen at Danfoss A/S and Peter Mads Clausen at Bitten & Mads Clausen's Foundation will be passing the baton on to the next generation of the family in 2022.
foundation- and family ownership
The timing is ideal and will ensure the continued stability of the operations of Danfoss A/S and the Foundation. This is particularly crucial at a time when Danfoss is establishing a strong position in the global competition and where the company, actively supported by the Foundation, is investing heavily to ensure future growth and development.
The foundation and family ownership of Danfoss A/S and Bitten & Mads Clausen’s Foundation is fundamental to ensuring long-term success and fulfilling the enormous potential of Danfoss, particularly in a world where the green transition is an inevitable challenge.
growth and Development
When the acquisition of Eaton Hydraulics is completed, the number of employees will grow to around 40,000
Danfoss has undergone significant development and growth and is one of the world’s major technology companies, with more than 27,000 employees in over 100 countries. When the acquisition of Eaton Hydraulics is completed, the number of employees will grow to around 40,000.
Bitten & Mads Clausen’s Foundation, which celebrates its 50th anniversary in 2021, has developed hand-in-hand with Danfoss and has left its mark on the entire South Jutland region.
The Foundation has been instrumental in establishing Universe Science Park, the Gehry Harbor Project on Sønderborg's waterfront, the University of Southern Denmark's Sønderborg Campus, and the brand new Alsik Hotel in Sønderborg.
continued positive development
The generational succession has been carefully prepared and planned and will help ensure the continued positive development of Danfoss A/S and Bitten & Mads Clausen’s Foundation while highlighting the Clausen family's historic ties and affiliation with the company and the Foundation.
It is emphasized that the Clausen family is deeply committed to continuing the close and trusting cooperation with the executive boards and senior management of both the company and the Foundation.
New appointments
Going forward, the family ownership of Danfoss A/S and the Foundation will be represented as follows:
Mads Clausen, who is the son of Anette and Jørgen Mads Clausen, will join the Board of Directors at Danfoss A/S. He will continue as a board member of Bitten & Mads Clausen’s Foundation, which he joined in 2015.
In 2022, Mads-Peter Clausen, who is the son of Anne-Dorthe and Peter Mads Clausen, will become a new board member of Bitten & Mads Clausen’s Foundation.
He will continue to serve on the Board of Directors at Danfoss A/S, which he has been a member of since 2014.
Jens Martin Skibsted, son of Bente Skibsted, will continue his work in Bitten & Mads Clausen’s Foundation, which he became a member of in 2012.
changes In the board
This means that the family ownership in the future will be represented on the Danfoss A/S' Board of Directors of Danfoss A/S by Mads-Peter Clausen and also by Mads Clausen.
This means that the family-owned Bitten & Mads Clausen Foundation in the future will be represented by Mads Clausen, Mads-Peter Clausen, and Jens Martin Skibsted. The ownership structure, as well as the strategic direction of Danfoss A/S and the BMC Foundation, will continue unchanged.
responsibility
Both Jørgen Mads Clausen and Peter Mads Clausen are proud to have generational succession in place
Both Jørgen Mads Clausen and Peter Mads Clausen are proud to have the generational succession in place and to be able to ensure the necessary stability in both the Foundation and Danfoss for the next generation.
They are delighted with Danfoss’ positive development. They are delighted that the third generation of the Clausen family is showing its loyalty to the company and the Foundation by accepting greater responsibility in the future.
Final changes at the AGM
Jørgen Mads Clausen and Peter Mads Clausen will continue to support Danfoss and the Foundation with their insights and well-known commitment.
The final set-up, including the distribution of roles on the Boards of Directors of Danfoss A/S and Bitten & Mads Clausen’s Foundation, will be determined in 2022 at the annual meeting and general meeting, respectively.
