Gunvor CEO Törnqvist Steps Down, Transfers Stake to Executives

Torbjörn Törnqvist, the owner and CEO of Gunvor Group, is set to resign from his position and transfer his controlling interest in the energy trading firm to its top executives. This decision follows closely on the heels of the company's portrayal by the US government as being under the influence of the Kremlin.

Leadership Transition

Gary Pedersen, who previously served as the head of Americas for Gunvor and joined from Millennium Management LLC, will be taking over as CEO. This strategic move was announced in an official company statement.