Bunker Holding Appoints New CFO from Sister Company GRM

by Ship & Bunker News Team
Thursday August 20, 2026

Bunker Holding, the world's largest marine fuels firm by sales volume, has appointed a new chief financial officer (CFO) from sister company Global Risk Management (GRM).

The new CFO, Jacob Norgaard, moves from his role as CFO of GRM and succeeds Michael Krabbe, who is stepping down by mutual agreement, the firm said in an email statement on Thursday.

Nørgaard has experience in commodity risk management, risk reporting and commodity finance.

At GRM, he also worked on strengthening the link between finance and the wider business.

In his new role, he will support Bunker Holding’s growth strategy and help bring its finance organisation closer together across the Group.

The company said the move is aimed at improving collaboration, making better use of its finance expertise and supporting faster decision-making.

“Jacob is not only an excellent CFO, but he also knows our business, our market, and the risks we work with every single day,” Peder Møller, CEO of Bunker Holding, said.

Krabbe is stepping down after eight years with Bunker Holding.

“Michael has been part of an important period in Bunker Holding’s development and has made a strong contribution to building and strengthening the financial platform the company has today,” Nina Østergaard, Chairman of the board and co-owner of Bunker Holding, said.

“At the same time, I am very pleased that we can welcome Jacob as CFO."

"He already knows our business and our culture, and we know the qualities he brings to the role."

 

Ship & Bunker News Team
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