Leadership

Gunvor Group has always maintained a flat structure and short chain of command to facilitate efficient decision-making while ensuring the highest level of corporate governance and best practices. This approach ensures the company remains agile and decisive in its day-to-day operations, so to secure opportunities in the interest of partners and clients.

Management Buy-Out, December 2025

Consistent with Gunvor’s governance values, the company has recently undergone a management-led buyout of the majority owner. The entirety of the company is now held by current employees. There continue to be no outside ownership or interests.

Updates to the company’s leadership, along with structural and governance changes, will be announced in due course. These have been designed to ensure the long-term commercial success and global growth of our 25-year-old company.

The goal of the new partnership is to uphold the best governance model with no dominant shareholder and to ensure that decision making is spread across a wide and diversified shareholder base.

The new ownership remains fully committed to Gunvor’s existing strategy of pursuing global growth, diversification, and investing along the energy supply chain, with a particular emphasis on investments and development within the U.S. market, along with Europe and Asia.

Gary Pedersen has been appointed as chief executive officer of Gunvor Group.