June 26, 2025 – Bunker Holding, one of the world’s leading marine fuel supply and risk management group, has announced the appointment of Mikkel Kannegaard as Head of its newly established Global Supply organization. The move marks a key step in the company’s strategic transformation under its “Fit for Future” framework, aimed at improving operational agility and driving sustainable growth in the evolving maritime energy landscape.
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A Unified, Greener Supply Structure
The newly formed Global Supply organization consolidates physical operations, regional sourcing centers, technical support, and green transition initiatives into a single, coordinated global unit. It is a central component of Bunker Holding’s Fit for Future strategy, designed to improve cross-regional cooperation and sharpen the group’s competitive edge.
“As part of Bunker Holding’s Fit for Future strategy, we have established a brand new Global Supply organization,” said Peder Møller, Group Chief Operating Officer at Bunker Holding. “I’m thrilled to announce that this will be headed up by Mikkel Kannegaard. Our new Global Supply organization will have an enhanced focus on cross-regional co-operation, and I’m confident that this will sharpen our competitive edge and make us deliver even stronger customer solutions. Welcome on board, Mikkel!”
A Cultural and Strategic Shift
According to Møller, the reorganization represents more than operational efficiency—it reflects a cultural shift that aligns with the global decarbonization of the shipping sector.
“This is not just a structural shift – it’s a mindset change. With our new supply organisation, we are bringing the best of our global expertise and local agility together to serve our customers smarter, faster and greener,” Peder Møller added. “By unifying our supply structure, we are eliminating blind spots and creating one shared direction – from sourcing to delivery.”
The transformation is built around three core principles: agility, lean operations, and customer focus — all designed to improve responsiveness and sustainability in a complex marine energy market.
Veteran Industry Leader Returns to Bunkering
Kannegaard, who will officially assume his new role on August 1, brings a wealth of experience from the maritime, logistics, and energy sectors, having held senior positions at DHL, Maersk, and Monjasa. His leadership is expected to accelerate Bunker Holding’s global supply integration and help position the company to meet rising customer and regulatory expectations across the shipping fuel supply chain.
“Happy to share that I am joining Bunker Holding on Aug 1st and thus also re-joining the bunker industry at a very exciting time where there is a real opportunity to be part of shaping the future,” said Mikkel Kannegaard.
Over a career spanning more than two decades, Kannegaard has led high-impact teams and multimillion-dollar operations across global hubs. Most recently, he served as Global Head of Growth at DHL Global Forwarding. Prior to that, he was Head of Maersk Oil Trading, overseeing a USD 10 billion business unit and a team of 100+.
He also held senior executive roles at Monjasa, including Managing Director for Europe, and served as CCO and COO at Damco for the IMEA region. His experience includes oil trading, derivatives risk management, and operational leadership across markets from China to Canada and the Middle East.
Education and Global Perspective
Kannegaard has consistently reinforced his leadership capabilities through elite executive education. He completed leadership programs at Stanford Graduate School of Business and IMD Business School, as well as the Blue Board Maritime Leadership Program from CBS Executive. He also holds an HD in Finance from Copenhagen Business School, with a focus on valuation, corporate finance, and private equity.
His global outlook is shaped by early experiences in China and the Middle East, along with studies in Mandarin at Beijing Language and Culture University and military leadership training from the Danish Military Police Sergeant Academy.
About Bunker Holding Group
Bunker Holding is part of the family-owned USTC Group and is a global leader in the purchasing, selling, and supplying of marine fuel and lube oil, as well as providing risk management and other vital services for the shipping industry. The company operates via more than 1,613 ports worldwide and is present in 32 countries with 62 offices and over 1,300 skilled employees.
Bunker Holding has a long history but remains forward-looking and focused on answering the needs and challenges of an ever-changing industry. The Group is advancing and expanding its efforts in the green transition with an ambition to facilitate the decarbonization of the shipping industry.
Source Bunker Holding Group | Mikkel Kannegaard