Jørgen Mads Clausen
Jørgen Mads Clausen (born 23 September 1948) is the chairman of the board of Danfoss, the large Danish heating, refrigeration, and air conditioning company started by his father, Mads Clausen. He is also the chairman of DI, the association of the Danish Industry, and has a sizeable investment in the WaveStar wave energy project.
Education
[edit]Clausen graduated as a civil engineer from the Technical University of Denmark in 1972 and received an MBA from the University of Wisconsin in 1975.[1][2]
Career
[edit]In 1978, Clausen founded an IT company in Copenhagen. The company later closed with Clausen taking a personal loss and he joined Danfoss, his family's company, as head of technical coordination and research in 1981. In 1990, he became a member of the group's executive board.
In 1996, Clausen became chief executive of Danfoss, he was the first family member to run the company since his father died in 1966.[1] He announced he would step down as CEO in 2008 after 12 years at the helm to transition to the role of chairman in April 2009.[3] At that point, Danfoss had annual revenue of DKK 22 billion ($4103814060 USD) and 22,000 employees across 25 countries.[4]
He vacated the chairmanship on March 25, 2022 transitioning the company's leadership to the family's next generation after a career as one of the most celebrated business leaders in Denmark.[5] His family continued to control the company and Clausen continues to play a role in leadership as chairman emeritus.[6]
In addition to his work at Danfoss, Clausen is on the board of Risø Research Center, Academy of Technical Sciences, and Danish Advanced Technology Foundation.[7]
Honors
[edit]Clausen has been made an honorary citizen of Nordborg in Alsace and Tianjin, China and a Knight of the 1st Class of the Norwegian Order of St. Olav in addition to multiple honors in his native Denmark.[8]
- 2018: Commander of the Order of the Dannebrog[9]
- 2010: Appointed Honorary Chamberlain[10][9]
- 2004: "Leader of the Year" award, Ledernes Hovedorganisation[11]
- 1990: Knight of the first degree, Order of the Dannebrog[8]
- 1975: Knight, Order of the Dannebrog[8]
Personal life
[edit]He flies himself in a Cessna Citation V and is a big-game hunter.[1][12] In 2005, his net worth was estimated at $3.5 billion.[13] He is married to Anette Nøhr Clausen who he works with on charitable endeavors. They have two sons, Mads Nøhr Clausen and Marcus Nøhr Clausen.[14]
Clausen supports free market economics. He is on the board of CEPOS.[7] He opposes gender quotas on the boards of Danish state-owned companies stating they lead to less qualified boards.[15] He has also criticized the Danish Tax Agency’s diesel tax rules calling for a crackdown on excessive bureaucracy and urged civil servants to apply common sense and more discretion.[16]
See also
[edit]External links
[edit]| International | |
|---|---|
| National | |
.jpg){kind=small} | This business-related Danish biographical article is a stub. You can help Wikipedia by expanding it. |
- ^ a b c "At the Controls". Forbes. Retrieved 2025-04-26.
- ^ "Interview: Jørgen Mads Clausen takker af. Men der er kun én Mr. Danfoss - og det er mig | avisendanmark.dk". avisendanmark.dk (in Danish). 2025-04-26. Retrieved 2025-04-26.
- ^ "New Chairman of the Board for Danfoss". Trade Link Media.
- ^ "Jørgen Mads Clausen stopper som direktør i Danfoss". Berlingske Business (in Danish). 2008-07-01. Archived from the original on 2018-03-04. Retrieved 2025-05-05.
- ^ "Jørgen Mads Clausen har turdet, hvor andre har tøvet". ctwatch.dk (in Danish). 2023-09-21. Retrieved 2025-04-26.
- ^ "Danfoss: Legacy of family leadership continues". Rubber News. 2022-03-23. Retrieved 2025-04-26.
- ^ a b "Danfoss-chef i Cepos bestyrelse | vafo.dk". vafo.dk (in Danish). 2008-06-25. Retrieved 2025-05-05.
- ^ a b c "Bitten Clausen, telefonistinde | lex.dk". Dansk Kvindebiografisk Leksikon | Lex (in Danish). 2024-10-21. Retrieved 2025-04-25.
- ^ a b Jensen, Claus Møller (2018-09-21). "Danfoss-arving får fornem orden af kongehuset | jv.dk". jv.dk (in Danish). Retrieved 2025-04-25.
- ^ Hansen, Emil (2024-01-03). "Jørgen Mads Clausen har kendt Dronningen siden 1951: 'Chokerende nyt'". www.bt.dk (in Danish). Retrieved 2025-04-25.
- ^ "Ledelsens Dag - Danmarks største digitale event for ledere". www.lederne.dk (in Danish). Retrieved 2025-04-25.
- ^ "Portræt: Jørgen Mads Clausen stopper på toppen | Nyhederne.tv2.dk". nyhederne.tv2.dk (in Danish). Archived from the original on 2013-12-03. Retrieved 2025-04-26.
- ^ "Forbes.com: Forbes World's Richest People 2005". www.forbes.com. Retrieved 2025-05-05.
- ^ "Generational change at Danfoss: Portrait of Mads Clausen". SonderborgNYT.
- ^ "Danfoss-chef angriber kønskvotering". Politiken - Den levende avis (in Danish). Retrieved 2025-05-05.
- ^ "Dieselsag får tidligere Danfoss-boss til at kræve opgør med bureaukrati". www.maskinbladet.dk (in Danish). 2025-03-24. Retrieved 2025-05-05.