Monjasa Holding A/S strengthens the board

With thorough experience and profound knowledge of international shipping, Flemming Ipsen now takes part in consolidating Danish founded bunker group Monjasa as a global operator in challenging shipping markets.

Christian Merrild comments:

“As chairman of the board I’m pleased to welcome Flemming Ipsen as a new capacity in the board room. With his profound knowledge of international shipping and strategic leadership abilities, Flemming has proved himself an energetic and accomplished leader in the Danish business community.

With thorough experience and profound knowledge of international shipping, Flemming Ipsen now takes part in consolidating Danish founded bunker group Monjasa as a global operator in challenging shipping markets.

Everyone involved in the global shipping industry experiences the current difficult market conditions and Flemming is used to roll up his sleeves and is motivated by challenging tasks. Monjasa has established a robust business foundation and is now looking to consolidate its market position. I’m confident that Flemming is the right man to take part in this work and will prove a true gain for Monjasa.”

Flemming Ipsen holds an educational background as lawyer and he has served 33 years with the A.P. Moller-Maersk Group. Most recently, Flemming has taken up the role as chairman of the board in international shipping group TORM during 2013-2015.

Jens Mathiasen resigns from the board

Concurrently, board member and lawyer Jens Mathiasen resigns from the board of Monjasa Holding A/S. However, it is agreed that Jens continues to work as lawyer and legal consultant for the Monjasa Group. This resignment also reflects the guidelines of good corporate governance, which aim for separating legal services and board services.

The board of directors for Monjasa Holding A/S hereby consists of:

Christian Merrild (chair)

Tage Bundgaard

Anders Østergaard

Flemming Ipsen