Danfoss Power Solutions Names Domenico Traverso President of Fluid Conveyance Division

NORDBORG, Denmark – 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.

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. 

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