Gunvor's New Leader: Pedersen Takes Helm
Update: 2025-12-02
Description
Torbjörn Törnqvist, founder of Gunvor Group, steps down after three decades, with Gary Pedersen, an American oil trader, taking over. Pedersen, known for his down-to-earth management style and emphasis on market analysis, aims to foster a sense of ownership among employees. The leadership transition was planned, with Pedersens appointment seen as a move to reassure the US administration. Gunvor reported a stronger second half of 2025, despite earlier challenges, and Törnqvist remains connected through a loan for the management buyout of his stake.
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