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Monjasa appoints Mikkel Kannegaard Managing Director of European division

20 Mar 2020

Global oil and shipping group Monjasa Ltd on Thursday (19 March) announced the promotion of Mikkel Kannegaard as new Managing Director for its activities in Europe. A role which was filled by Group COO, Svend Stenberg Mølholt, on an interim basis.

Kannegaard brings much experience from his position as General Manager at Monjasa’s office in Copenhagen where he succeeded in building up a local trading department and performed various specialist functions in Monjasa’s global trade.

As new Managing Director, Kannegaard’s responsibilities cover Monjasa’s 800,000 metric tonnes (mts) of marine fuels supplied across Europe annually. 

This includes overseeing the operation of Monjasa’s two oil terminals located in Portland Port, UK and Skaw, Denmark, a fleet of four tankers and increasing Mediterranean trading activities headed from Monjasa’s local office in Cyprus.

“I believe this is a natural next step for Mikkel and our organisation. With Monjasa’s European activities spanning across trading to contract management and supply logistics, the role as Managing Director requires a holistic approach to oil and shipping,” says Group COO, Svend Stenberg Mølholt.

“With Mikkel’s experience, drive and ability to make our business personal, I am confident that we can further develop our broad range of oil and shipping services in Europe.” says Group COO, Svend Stenberg Mølholt.

At the same time, Monjasa appointed Trading Director, Ulrik Østergaard, as new General Manager with daily management of Monjasa Europe’s activities in Fredericia. 

Ulrik has been with Monjasa for nine years and worked with both physical and back to back trading. 

His business acumen, coupled with his good understanding of employees and stakeholders, makes him naturally suited for the role of General Manager.


Photo credit: Monjasa
Published: 20 March, 2020

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