Grundfos Board Elects Poul Due Jensen as New CEO

The Board of Directors of the Denmark-based pump manufacturer Grundfos Holding has appointed Group Executive Vice President Poul Due Jensen as the company’s new CEO. During a meeting, Poul Due Jensen has said yes and took charge of the post immediately from his current post of Group Executive Vice President of Grundfos.

October 27, 2020. By Manu Tayal

The Board of Directors of the Denmark-based pump manufacturer Grundfos Holding has appointed Group Executive Vice President Poul Due Jensen as the company’s new CEO.

During a meeting, Poul Due Jensen has said yes and took charge of the post immediately from his current post of Group Executive Vice President of Grundfos.

Upon Jensen’s appointment, Jens Moberg, chairman of the board of Grundfos, said, “the job as CEO of Grundfos is one of the most exciting jobs in Denmark.”

Jens Moberg further said, “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.”

Commenting on his appointment as CEO, Poul Due Jensen, said, “Grundfos is in excellent shape. We have a well-defined and ambitious strategy and above all we have a strong management and fantastic employees who are focused on doing their best every day.”

He added “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. 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.”

Meanwhile, Jensen is looking forward to further developing the company’s 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.

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