Key highlights
- Management buy-out finalized, removing outside ownership.
- Gary Pedersen appointed CEO, based in Houston and Geneva.
- Focus on global growth, especially in U.S., Europe, and Asia.
- Governance changes to be announced later.
Management Buy-Out
Gunvor Group's management has successfully completed a buy-out from majority owner Torbjörn Törnqvist, resulting in full ownership by current employees. This move eliminates any outside ownership or interests.
Leadership Transition
Gary Pedersen has been appointed as the new CEO. Previously CEO Americas, Pedersen will operate from both Houston and Geneva during the transition period.
Strategic Focus
The company remains committed to its strategy of global growth and diversification, with a particular emphasis on investments in the U.S., Europe, and Asia.
Governance Changes
Changes to the Board of Directors and Executive Committee are planned, excluding members of the Törnqvist family. Further details on governance updates will be announced in due course.
