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Monday, 17 February 2014, 21:45 HKT/SGT
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Source: Grundfos
To the Press: Grundfos Hires New Chief Financial Officer

Denmark, Feb 17, 2014 - (ACN Newswire) - Grundfos has found its new CFO. It will be 45-year old Mikael Geday, who has previously worked as CFO in DONG Energy and Rockwool International.

Mikael Geday holds a Master of Laws and a PhD from the University of Aarhus, as well as a Master of Business Administration from INSEAD.

"Mikael Geday has a very strong professional background and international experience, which is key for a global company such as Grundfos. Mikael will become part of Group Management and refer to the new CEO," says Group Chairman Jens Moberg.

Working as an independent consultant, Mikael Geday has among other tasks managed the sale of a number of businesses since 2011. Prior to that, he was CFO for the business areas Thermal- and Wind Power in DONG Energy and Vice President for Group Controlling at Rockwool International. Earlier Mikael Geday has also been working as a lawyer with the law firm Kromann Reumert in Aarhus and Bruxelles.

"It is a dream job becoming CFO for Grundfos - a company that is internationally recognized as one of the greatest and most successful ones in Denmark," Mikael Geday states. "I have a great respect for the results Grundfos has achieved, and I am looking forward to being part of the managerial team who is to realize the company's potential in development and growth."

Mikael Geday takes up the CFO position at the end of April.

About Grundfos

Grundfos is a global leader in advanced pump solutions and a trendsetter in water technology. Grundfos contribute to global sustainability by pioneering technologies that improve quality of life for people and care for the planet.

Grundfos was founded in 1945 and has 19,000 employees and a turnover of over 3 billion euro and is represented by more than 80 companies in 60 countries. Please visit www.grundfos.com.

Further information contact:
Kim Nohr Skibsted
Group Vice President, Corporate Communication and Public Affairs
T: +45 87 50 69 00
M: +45 30 52 50 20
E: kskibsted@grundfos.com


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Grundfos via Globenewswire


Topic: Executive appointment
Source: Grundfos

Sectors: Water, Daily Finance
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