Monjasa Holding A/S has appointed Svend Stenberg Mølholt, 33, as new Group Chief Operating Officer (COO). He steps up from an internal position as Business Development Manager and he will assume his new role with immediate effect. Prior to his employment at Monjasa in 2015, Svend Stenberg Mølholt has developed his career within global shipping and logistics, working with e.g. Danish conglomerate A.P. Moller-Maersk Group.
It is a natural step forward for Monjasa Holding to appoint a Group COO. In recent years, the Monjasa Group has developed into a more diversified trading group and saw total revenue of USD 2.5 billion in 2014 and 5 million tonnes of oil products supplied. Therefore, the Group has to stay ahead of the curve and adapt the right global organisational structures. The new structure will enable the Group in capitalising on one of the most important resources, its employees, by further exploiting synergies across the organisation.
Prior to his employment at Monjasa in 2015, Svend Stenberg Mølholt has developed his career within global shipping and logistics, working with e.g. Danish conglomerate A.P. Moller-Maersk Group.
“Keep delivering value on our global brand promise”
“Today, our core business includes bunker fuel supply, oil trading, terminal operations, agency, and ship-owning activities and we are operating eight global offices in all major time zones. We are privileged to run a one brand name business and thereby creating value for our stakeholders through our global brand promise ’We are Monjasa in every port”. However, this highly transparent market approach also demands a lot from our organisation, as we work worldwide on the same set of terms, standards and ISO-certifications. Our clients and business partners must always receive the same benefits and service levels no matter where in the world we do business.
Therefore, we need to further strengthen our corporate backbone and Svend Stenberg Mølholt’s professional and personal profile matches Monjasa’s aspirations and values perfectly. We are confident that this newly established position will immediately strengthen our global activities,” says Anders Østergaard, Group CEO at Monjasa Holding.
Group consolidation top of agenda
“I am of course excited to take on this new challenge. In the coming years we will be looking to further consolidate the Monjasa Group in the oil and shipping industry. In this process, my primary responsibility is to enable all business units in servicing their customers and markets at their best. This includes establishing the right operational and organisational backbone across the Group. In particular, I am looking forward to focusing my efforts on aligning corporate strategies, goals and performance across the Monjasa Group while overseeing Group HR, Legal & Advisory and Credit Management functions,” concludes Svend Stenberg Mølholt.