Board of Directors
The GRM FS Board of Directors defines the general principles for the company, assesses strategic risks and opportunities, and appoints the Executive Board.
The chairman and the three board members draw on their executive management experience from Danish and international companies within the financial sector and markets. They are familiar with the industry and with commodity trading.
Global Risk Management strengthens Board of Directors
Two strong external profiles will step into the Global Risk Management (GRM) Board of Directors. Together, Ata Bærentsen and Tine Lundegaard bring with them extensive experience in risk management, strategy, M&As, sustainability strategy, and governance and will thus contribute to bolstering Global Risk Management’s strategy of growth, agility, and cleaner energy.
On November 1st, 2022, Ata Bærentsen and Tine Lundegaard will step into the Board of Directors for Global Risk Management.
Ata Bærentsen comes from a strong commercial background and has vast experience working as legal counsel for a number of larger Danish and global companies. Most recently, she was Head of ESG and Board Services at Danish SAXO Bank A/S. Ata Bærentsen currently sits on the Board of Magn, a Faroese energy company, where she is developing the company’s first ESG strategy.
Tine Lundegaard is Chief Commercial Officer and Head of the Sustainability Committee in the Copenhagen-based Asset Management company Qblue Balanced. She has pursued a career in the financial sector, having worked for several larger Danish companies developing and implementing strategies, working with risk management, sales, and ESG. Tine Lundegaard is currently a member of the Board of Gaia Fintech A/S, a startup in the area of sustainable investing.
“We are very pleased to welcome Ata Bærentsen and Tine Lundegaard to the GRM Board of Directors. Both come with strong proven track records and competencies, not least from their memberships of several Boards. Their vast experience will not only help drive GRM’s growth strategy forward but also contribute to bolstering the overall sustainability strategy that is being developed in close alignment with GRM’s owner company USTC,” says Kenneth Steengaard, Chairman of the Board of Directors for Global Risk Management.
Together with Global Risk Management’s Executive Management Team and the Board of Directors, Mia Østergaard Rechnitzer, Chief Governance Officer and co-owner of parent company USTC has driven the recruitment of the two new board members.
“During recent years, GRM has started to place more concentrated focus on the sustainability agenda. Not only by putting a more solid emphasis on promoting cleaner energy choices but also internally through fostering employee well-being and diversity. That the GRM Board of Directors now has a more balanced gender composition is, therefore, a very positive step in the right direction towards promoting a more balanced composition,” says Mia Østergaard Rechnitzer, Chief Governance Officer and co-owner of USTC.
Going forward, the Global Risk Management Board of Directors will consist of Chairman Kenneth Steengaard, Michael Krabbe, Ata Bærentsen, and Tine Lundegaard.
Jacob Bro and Kaj Damgaard will thus step out of Global Risk Management’s Board of Directors effective November 1st.
“We would like to thank Jacob Bro and Kaj Damgaard for their commitment and valuable contribution to GRM and the Board. We greatly appreciate their dedicated efforts, which means that GRM today rests on a very strong foundation,” says Kenneth Steengaard.
With strong sustainability strategy and governance know-how, Ata Bærentsen and Tine Lundegaard will contribute to further strengthening and growing Global Risk Management’s market position in line with the company’s ambitious strategy. In recent years, Global Risk Management has had a strong focus on growth, which among other achievements, led to the appointment of a new management team in 2020, the launch of a new strategy in 2021, followed by the appointment of Kenneth Steengaard as Chairman of the Board of Directors.
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Kenneth Steengaard joined the Board in 2020 and has served as Chairman since January 2021. Kenneth has several years of experience in the field of finance and hedging.
Tine Lundegaard is CCO and Head of the Sustainability Committee in the Copenhagen-based Asset Management company Qblue Balanced. Tine has previously worked for several larger Danish companies developing and implementing strategies, working with risk management, sales, and ESG.
Michael Krabbe is Chief Financial Officer in GRM’s parent company, Bunker Holding A/S. He joined the GRM board in 2019.
Ata Bærentsen comes from a solid commercial background and has vast experience working as legal counsel for several larger Danish and global companies.
Strategy
GRM’s vision is to become the preferred global energy risk manager, and it has launched a new strategy to reach this goal.
The company’s focus remains providing clients with optimal energy price risk management and developing the best financial hedging programs available.
Building on these core competencies, the new strategic initiatives are designed to drive growth and agility, geographical expansion, the promotion of cleaner energy, and the development of flexible customer solutions.
As GRM prepares to expand its presence, one of the first steps is to establish new offices in the Middle East and the Americas. Another initiative is to intensify collaboration with parent company Bunker Holding in providing clients with expert insights into new and alternative energy sources.