GRUNDFOS ANNOUNCES ORGANISATIONAL CHANGES TO IMPROVE CUSTOMER PROXIMITY AND FUEL INNOVATION

22/09/2020

GRUNDFOS ANNOUNCES ORGANISATIONAL CHANGES TO IMPROVE CUSTOMER PROXIMITY AND FUEL INNOVATION

Today Grundfos announces the next step in their global transformation to strengthen its position as one of the world’s leading water technology companies, pioneering solutions to the world’s water and climate challenges and improving quality of life for people.

The company is responding to trends in changing customer needs by reorganising for simplicity and speed, and by investing significantly into innovation and digital capabilities.

The company is organising its sales, marketing, technology and operations functions to serve four different customer segments: Commercial Building Services, Domestic Building Services, Industry, and Water Utility. This creates a more customer centric structure, where the whole value chain is focused on meeting customers’ unique needs.

Even though the COVID-19 pandemic has had a significant impact on markets globally in the first half of 2020, Grundfos is making these changes from a position of strength.

Jens Moberg, Chairman of the Holding Board of Directors, stated:

“Our strong performance allows us to make these changes from a position of strength. Now is the right time for us to make the changes to put our strategy into action.”

This transformation results in a reduction of approximately 600 employees worldwide. In line with its values, Grundfos will treat its employees with the utmost respect and provide them with support.

Jens Moberg, Chairman of the Holding Board of Directors, expressed:

“It will be very sad to see some of our colleagues leave us at this pivotal time, and I would like to thank everyone for their hard work and loyalty. We will make sure to care for them as they have cared for us and our customers during their time with Grundfos.”

“I am proud of the company we are today, built by Grundfos people on the firm foundations of the Poul Due Jensen family. Since the birth of the business back in 1945 we have changed many times to ensure our success. Now is no different, we are taking these important moves to proactively put our strategy in to action and better fulfil our purpose.”