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Bunker Holding Global Head of Commercial Operations departs for CM Biomass CFO position

01 Mar 2022

Bunker Holding, the world’s largest bunker trader and supplier, on Monday (28 February) announced the departure of its Global Head of Commercial Operations, Ask Michael Munck, as he transitions to sibling company CM Biomass as new CFO.

“Ask Michael Munch has since his hire with Bunker Holding added great value to the organization – and this goes double for his work maturing Bunker Holdings digitalization strategy. We are going to miss his insights as well as good spirits but are delighted knowing that he will be staying within the USTC-Group,” says Christoffer Berg Lassen, CCO of Bunker Holding.

Since his hire at Bunker Holding in 2020, Ask Michael Munck was promoted to Global Head of Commercial Operations, where he has been focused on putting digitalization first, deep diving into Bunker Holding M&A projects with a keen focus on due diligence and his work with New Fuels Task Force helped grow the sustainable fuels agenda in Bunker Holding.

“Having worked with the sustainable fuels agenda in Bunker Holding, the switch to CM Biomass feels natural,” says Ask Michael Munck.

“It’s an exciting company growing at a fast rate both by organic growth and via acquisitions. It’s the perfect opportunity for me to apply my professional focus as CFO in a company bursting with growth energy, while still playing to my strengths in M&A’s and organization,”

The need for a CFO is the result of CM Biomass’ impressive growth and having a background as CFO in the shipping industry, Ask Michael Munck was an obvious candidate. Being able to recruit from within parent company USTC Group and taking advantage of a hire with pre-existing insights of the company, is a sure plus.

“Having gotten to know Ask at first as the USTC representative in our own due diligence process, I know firsthand his professionalism and thoroughness; later having gotten to know him as a sister-company colleague I’m even more excited to bring him on our team and taking full advantage of his expertise,” says Simon Rodian Christensen, CEO of CM Biomass.

Ask Michael Munck will depart from Bunker Holding on the 28 February 2022 starting immediately after with his new duties as CFO of CM Biomass.

 

Photo credit: Bunker Holding
Published: 1 March, 2022

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