Mads Nipper has been appointed as the new CEO and Group President of Grundfos with effect from August 1, 2014. He comes from a position as Executive Vice President of LEGO. Jens Moberg, Group Chairman, Grundfos, said: "With Mads Nipper we get a highly competent leader who has solid background in strategy, business development, sales and marketing from the global marketplace," Moberg said.

Mads Nipper has worked for the Lego Group for 23 years and has held numerous directorships in various companies and organisations. "I have chosen Grundfos because it is a value based company," said Mads Nipper.

Niels Due Jensen, Chairman of the Poul Due Jensen Foundation, the main owner of Grundfos, said: "Nipper has tremendous commercial and strategic insight and understanding and a global mindset that will be of great benefit for Grundfos in the future."