Global marine fuels supplier Bunker Holding has appointed Peder Møller as its next group CEO, effective October 6.
Møller, 39, takes over from Keld R. Demant, who steps down after 27 years with the company.
Demant, who became CEO in 2013 after joining as Sales and Marketing Director, will continue as Senior Advisor to parent company USTC Group.
Since joining Bunker Holding in 2016, Møller has held several leadership roles, including a stint as CEO of sister firm Global Risk Management. He returned to Bunker Holding last year and has been part of the executive management team since November 2024, contributing to the group’s Fit for Future strategy.
Under Demant’s leadership, Bunker Holding grew from $0.2 billion to $13.7 billion in revenue and established itself as the world’s largest bunker supplier.
“Under Keld’s leadership, the company has grown to become the world’s largest bunker supplier,” chairman of the board Klaus Nyborg said.
“He has spearheaded global expansion, delivered impressive results, and most recently strengthened Bunker Holding’s role in the green transition.”
