Monjasa Holding appoints Lotte Grønborg Lundberg as new Member of the Board of Directors

On 1 October 2020, Lotte Grønborg Lundberg joins the Monjasa Holding Board of Directors to take part in further sustaining Monjasa’s position as a global top-10 marine fuels supplier. Lotte comes with over 40 years of international maritime leadership and brings new competencies into play in the boardroom.

With extensive experience from the A.P. Moller-Maersk Group and related entities, Lotte has served in various commercial and corporate roles as leader and executive in primarily Maersk Line, Maersk Procurement and Maersk Broker. Today, she is active as Director of the Danish Maritime Fund and various board positions.

“Lotte brings new and interesting competencies covering many aspects of the ongoing shipping industry transformation”

Christian Merrild, Chairman of the Board:

“We are delighted to welcome a true maritime professional like Lotte into the Monjasa Holding boardroom. She brings new and interesting competencies covering many aspects of the ongoing shipping industry transformation, including ship management and newbuild programmes. We need the best people on board to navigate tomorrow’s challenges in oil and shipping.”

Anders Østergaard, Group CEO and Board Member:

“I have known Lotte for around 15 years and followed her exciting maritime career with the A.P. Moller-Maersk Group and at port authorities and maritime organisations. Lotte is driven, curious, outspoken, and has a grounded personality, which altogether makes her and Monjasa a good match. Monjasa is fast approaching 20 years in oil and shipping and Lotte’s entrance in the Board of Directors compliments the overall maturity of the Monjasa Group.”

Facts about Lotte Grønborg Lundberg

  • Born in 1959 and joined A.P. Moller-Maersk in 1978 as a Management Trainee before building a career across internal management positions until 2017.
  • Since 2019 serving as Director of the Danish Maritime Fund, with the objective of providing grants, finance and loans to projects supporting Danish Shipping and Maritime Industry.
  • Educational background includes a bachelor in International Business from Copenhagen Business School (CBS) and various leadership programmes at IMD, Colombia University and CBS.

Besides her daily responsibilities in the Danish Maritime Fund, Lotte is a non-executive board director in various boards, including the Danish ports of Frederikshavn and Kolding, the UK-based Northern Marine Group as well as the Norwegian ferry operator, Norled. Lotte also previously served as Chairman of the Board in the Danish organisation Women in Boards, promoting women into top management and boards.

Tage Bundgaard steps down from the Board

At the same time, Tage Bundgaard, who will also be celebrating his 75th birthday later this month, steps down as Member of the Board following eight years at Monjasa. Positivity, experience and loyalty have been keywords describing Tage Bundgaard, while serving Monjasa with invaluable knowledge from a life dedicated to shipping. The Monjasa Group would like to express our sincere appreciation for Tage Bundgaard’s contributions over the years and extend our warmest wishes for the future.

Monjasa Holding A/S Board of Directors hereby consists of:

  • Christian Merrild (chair)
  • Flemming Ipsen
  • Peder Gellert Pedersen
  • Lotte Grønborg Lundberg
  • Anders Østergaard

Learn more about the Board of Directors here.

The Monjasa Holding A/S Annual Report 2019 revealed total revenue of USD 2.2bn, a net result of USD 26m and consolidated equity of USD 135m. Besides its oil and shipping activities, Monjasa Holding also comprises offshore shipowning company, C-bed Floating Hotels, and IT consultancy RelateIT.