Change in Grundfos boards

Mr Due Jensen is replacing Director, Lars Kolind, who has held this post for the past 8 years. In addition Gen. Man. Ingelise Bogason was elected new Vice Chairman. Gen. Man. Thomas Lund, who has been a member of the Foundation Board since 1994, did not want re-election. Mr Lund's successor will be elected at one of the next meetings of the Foundation board.

After 8 years as Group Chairman of Grundfos Holding A/S, Niels Due Jensen found it was time to resign from the post as Chairman of the Board of the Grundfos Group. At the latest board meeting in Grundfos Holding A/S, Director, Lars Kolind, was elected as the new Chairman of the Board, and Director, Jens Moberg was elected as Vice Chairman. Mr Due Jensen will continue for two years as a common member of the Board of Grundfos Holding A/S. Gen. Man. Thomas Lund, who has been a member of the Grundfos board since 1988, announced at the board meeting that he does not want re-election at the company's general assembly on 29 April 2011.

- Throughout 23 years of board work for Grundfos, Gen. Man. Thomas Lund has had decisive importance for Grundfos' technological development and product strategy. Grundfos greatly appreciates Mr Lund's commitment which is far more comprehensive than is commonly expected from a board member, said Niels Due Jensen, new Chairman of the Poul Due Jensen Foundation.