Lars Hove-Nielsen
Group Treasurer
Grundfos, Denmark
- Industry:
- Water pumps
- Annual turnover:
- €2.6bn
- Treasury staff:
- 9
- Treasury structure:
- Regionalised
- TMS:
- Superport
- Cross-border pooling:
- No
- Cash rich or debt:
- Cash rich
Speaker profile
Lars has been Group Treasurer of Grundfos for the last 10 years. Before then, he worked at NEG Micon, a wind-turbine company, and various Danish Banks. Lars has a theoretical bachelor's degree in Foreign Trade from Aarhus University in Denmark.
Corporate profile
Grundfos aims to be the world’s leading and most successful pump manufacturer. The Group is dedicated to ongoing research in new materials and processes. It is our aim to constantly introduce outstanding new pumps and pumping systems that satisfy the markets’ needs for effective, reliable, energy-efficient solutions.
Grundfos products are sold and serviced primarily through a network of Grundfos-owned national subsidiary companies. The independent national companies ensure first-hand knowledge of market trends and conditions and provide the best possible service for our customers. Regional production also ensures fast, reliable delivery and the possibility to tailor solutions for local customers.
















