Bunker Holding, one of the world’s largest marine fuel traders, has seen a series of personnel changes in two main subsidiaries in recent weeks.
TradeWinds reported that the Danish conglomerate decided to close LQM Petroleum Services’ London office in January and removed chief executive Daniel Rose.
But Bunker Holding announced it would now hire Rose as a senior business development manager in the group strategy department.
“I am very excited to welcome Daniel Rose to the strategy team. His sharp strategic mindset and strong commercial business acumen will benefit the entire organization,” Bunker Holding’s head of strategy, Jens Axel Adamsen, said in a statement.
“He knows the industry exceptionally well, and we have the best of confidence that Daniel will bring high value to the team.”
Rose was chief commercial officer at OceanConnect Marine before joining LQM in London in 2019 as chief executive to spearhead its operations.
The brokerage established the office in the City of London to offer credits to the bunker industry, but the ambition was affected by strong industry headwinds during the Covid-19 pandemic.
Front-runners
Rose will be winding down LQM’s London operations before taking up his new position to work on projects related to innovation, new fuels, and mergers and acquisitions on 1 May.
“I really look forward to joining Bunker Holding’s strategy team,” Rose said. “I am not least eager to play a part in developing and driving forward the group’s strategic agenda, thus ensuring we remain as front-runners in the industry and can continue our role as a global leader.”
KPI OceanConnect, a trading arm of Bunker Holding, made some staffers redundant in Singapore, London and Athens in early 2021.
The company hired several new employees in Singapore, Denmark and the US almost simultaneously.
KPI OceanConnect was born of the merger between KPI Bridge Oil and OceanConnect Marine last year. TradeWinds understands the rejigs at LQM and KPI OceanConnect were unrelated.
“We say goodbye to a few, and we hire a few,” KPI OceanConnect chief executive Soren Holl told TradeWinds. “Overall our staff size stays roughly the same.”
