May 2024 | Danfoss Power Solutions has appointed Domenico Traverso as the president of its Fluid Conveyance division, effective June 1. In addition to his new role, Traverso will continue to serve as president, Incubation division, and lead the Business Development and Innovation function. Traverso reports directly to Eric Alström, president of Danfoss Power Solutions, and plays a key role on the Power Solutions Leadership Team. He is based at the company’s offices in Hamburg, Germany.
Traverso will take on overall responsibilities for Fluid Conveyance, leading its four business units — Rubber Hydraulic Hose and Fittings; Connectors; Fuel, Air Conditioning, Thermoplastic, and Specialty; and Private Label and SEL Hose — and all functional areas, including sales; engineering; strategy and business development; finance; human resources; procurement; and safety, environment, health, and quality. Traverso brings a proven track record in scaling innovation and internationalization to his new role, plus demonstrated success in effectively driving growth and profitability.
“My focus will be on optimizing our Fluid Conveyance business in its current markets and positioning it for growth in emerging and rapidly expanding market sectors,” Traverso said. “Ensuring seamless operational performance is my top priority, as it directly impacts our customer experience through improved lead times, on-time delivery, and exceptional quality. Superior performance will also drive our growth and expansion efforts. There are significant needs and incredible potential for fluid conveyance systems in data centers and electric vehicles, and Danfoss is ready to deliver with the right components and deep application know-how.”
Alström adds:
“Domenico is a long-time trusted member of the Power Solutions Leadership Team, and we all value his entrepreneurial mindset, leadership experience, and positive energy. His unique perspective and skillset will make a difference as our Fluid Conveyance division adds new markets to its leading positions in mobile and industrial machinery.”
Traverso joined Danfoss in 2010 as vice president at Sauer-Danfoss, where he led a portfolio of four independent businesses. In 2014, he was appointed president, Work Function division, a role he held until being named president, Editron and Incubation divisions, in 2021.
Prior to Danfoss, Traverso held a variety of management roles at GKN Automotive. He has more than 20 years of experience, specializing in turnarounds, mergers and acquisitions, carve-outs, and post-merger integrations.
Traverso holds certificates in executive management, finance, and business from the London Business School; International Institute for Management Development; University of California, Berkeley, Haas School of Business; MIT Sloan School of Management; and UCLA Anderson School of Management.
About Danfoss
Danfoss engineers solutions for refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. It also provides solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities. Danfoss, founded in 1933, is family- and foundation-owned, employing more than 42,000 people worldwide and serving customers in more than 100 countries through a global footprint of 95 factories.
(Source: Danfoss/2024)
