28 April 2022
Mika Kulju, until recently the president of ABB Drive Products division, has been announced as the new president of Danfoss Drives, succeeding Vesa Laisi who will leave Danfoss after eight years.
Vesa Laisi became part of the Danfoss executive team in December 2014 when global AC drives manufacturer Vacon became part of the Danfoss Group.
CEO and president of Danfoss, Kim Fausing, said: “I am excited to welcome Mika Kulju to Danfoss. Mika has broad business experience in the drives and power electronics industry. Mika is a respected leader and has extensive experience in developing and executing business strategy, including mergers and acquisitions, and we are looking forward to welcoming him to the team. I am sure that Mika, together with the Danfoss Drives team, can take the segment to the next level.
"It is of course sad to see Vesa leaving as he has been instrumental in building the Drives segment to be what it is today, but we respect that he wants to start a new chapter of his life. There is a great growth potential in the Drives segment; electrification is a cornerstone of the green transition, and Danfoss Drives has great potential, also due to the increasing demand for hybrid and fully electric drivetrains and systems in both Automotive and Marine.”