Gunvor Gets an All-American CEO as Törnqvist Exits
The credentials of the trader’s new CEO may help reassure the US administration.
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Welcome to our guide to the commodities driving the global economy. Today, reporter Archie Hunter looks at the sudden replacement of Gunvor Group’s chief executive officer with an all-American successor.
Just one month ago, Gunvor’s co-founder Torbjörn Törnqvist was talking up his firm’s bid for the international assets of Russian oil producer Lukoil PJSC in what would have been a transformational deal for the trader.