Bunker Holding has announced that it is restructuring its executive management team to position itself for future growth amid evolving market dynamics.

This reorganization includes separating sales and operations divisions in order to enhance specialization in areas such as sales, sourcing, risk management and physical supply.

By separating these functions, the company aims to strengthen customer relations and improve adaptability to market conditions.

CEO Keld R. Demant acknowledged the departure of CCO Christoffer Berg Lassen, praising his contributions over 20 years, and, in particular, the mark he made on the Group's commercial operations.

The commercial department will now consist of Bunker Holding Sales, led by Anders Grønborg, focusing on customer interactions, and Bunker Holding Operations, overseen by Peder Møller, concentrating on sourcing, physical supply, risk management and new fuels.

"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," commented Klaus Nyborg, Chairman of the Board of Directors of Bunker Holding.

The new structure is due to take effect on December 1, with the executive management team expanding from three to four members and comprising CEO Keld R. Demant, CFO Michael Krabbe, CCO Anders Grønborg and COO Peder Møller.