Gunvor’s Buccaneering Founder Hands Reins to American Oil Trader

Gunvor and Pedersen emphasized that the leadership transition was long planned, and formed part of the discussions when he was hired. Still, the new CEO’s US credentials and experience may help to reassure the US administration that Gunvor really has achieved the “definitive reset” it touted in announcing Törnqvist’s sudden departure. The management buyout is being financed in part by a loan from Törnqvist, which means a connection to the company will continue even after his exit.Gunvor’s also had a “much s ...