World’s largest marine fuels supplier Bunker Holding on Thursday (21 November) announced a major restructuring of its Executive Management to future-proof and gear the organisation for the increase in complex market dynamics.
Bunker Holding’s commercial department will be divided into two divisions: Bunker Holding Sales and Bunker Holding Operations. Anders Grønborg will assume the role of Chief Commercial Officer (CCO) and lead Bunker Holding Sales, which will focus on customer relations. Peder Møller will take on the newly added role of Chief Operating Officer and head up Bunker Holding Operations, which will be responsible for operations involving global sourcing, physical supply, risk management, and new fuels.
The firm said the purpose of the new structure is to better equip the Group to respond to an increasingly complex market which involves the separation of Bunker Holding’s sales and operations divisions. Not only will this separation lead to an increase in specialisation within sales, sourcing, risk management, and physical supply, but it will ensure that Bunker Holding moves closer to customers and suppliers while adapting to changing market conditions.
“We want to ensure that we prepare the company for future growth and build a world-class organisation – one that can manage the dynamics of our market. We have decided to divide the commercial responsibilities to adopt a more focused approach to both customers and operations. Our goal is to ensure that we can deliver the best service to our customers while maintaining oversight of our operations,” says Keld R. Demant, CEO of Bunker Holding.
Increasing customer specialisation and optimising operations
Bunker Holding is parting ways with CCO Christoffer Berg Lassen and utilises the opportunity to expand the Executive Management team from three to four members. Christoffer Berg Lassen is leaving Bunker Holding after having headed up the commercial department since 2018.
“I would like to thank Christoffer Berg Lassen for his immense dedication during his tenure. Christoffer joined the company more than 20 years ago and as such, he has made an impressive mark on especially the Group’s commercial operations. I highly commend his efforts and wish him the best of luck with his future endeavours,” says Keld R. Demant.
“The new structure has the full support of the Board of Directors. We are confident that the increased focus on growing and building closer ties to Bunker Holding’s customer base and streamlining our operations, will better position us to create value across the entire value chain,” says Klaus Nyborg, Chairman of the Board of Directors of Bunker Holding.
Taking effect 1 December, the new Executive Management team in Bunker Holding will thus consist of CEO Keld R. Demant, CFO Michael Krabbe, CCO Anders Grønborg, and COO Peder Møller.
Additional changes
As a consequence of the restructuring, Anders Grønborg will leave his position as CEO of KPI OceanConnect, and Dorthe Bendtsen, current COO of KPI OceanConnect, will take over as interim CEO. She has been an integral part of KPI OceanConnect’s Executive Management team for the past 16 years.
Martin Vorgod, CCO of Global Risk Management (GRM), will assume the role of CEO of GRM, following Peder Møller’s transition to Bunker Holding. Martin Vorgod joined GRM in 2022. In his role as CCO, he has focused particularly on the development of new products within energy, emission certificates, and on GRM’s customer-facing activities.
Together with the intensified focus on Bunker Holding’s commercial strategy and goal to strengthen its role as a full-service provider, the new organisational structure will enable the Group to better enhance and expand its business and streamline its operations.
Photo credit: Bunker Holding
Published: 22 November, 2024
