Gunvor Group: Management Buy-Out & Gary Pedersen as New CEO

Gunvor Group, a global leader in physical energy trading, has announced a significant management buy-out, ushering in a new era of employee ownership. This strategic move coincides with the official appointment of Gary Pedersen as the company’s new Chief Executive Officer. The Gunvor Group management buy-out marks a pivotal moment, aiming to solidify its future direction within dynamic global energy markets.

Strategic Ownership Shift for Gunvor

Under the terms, majority owner Torbjörn Törnqvist sells his entire stake to a group of current Gunvor employees, ensuring the company remains wholly employee-owned. This transformative decision, conceived in 2022, provides a definitive reset for the company, focusing squarely on long-term commercial success and sustainable global growth in commodity trading.

Gary Pedersen Assumes Global CEO Role

Gary Pedersen’s elevation to CEO is a key component of this leadership transition. Having joined Gunvor in 2024 as CEO Americas, his appointment was strategically planned for him to eventually assume global leadership. Pedersen brings extensive experience to his new role, tasked with guiding Gunvor Group through evolving energy landscapes and reinforcing its position in international energy and commodity trading.

This change underscores Gunvor’s commitment to robust corporate governance and a clear path forward. The employee-led ownership, coupled with Pedersen’s leadership, is set to empower the company to innovate and thrive in global energy trading, ensuring continued value for its stakeholders.