CM Biomass, a global leader in wood pellets and biomass supply, has announced the appointment of Simon Plagborg as its new CEO, effective January 6, 2025. Since December, the company’s interim CEO role had been held by Ask Michael Munck, who will now return to his position as Group CFO.
Christian Junker, Chairman of the Board of Directors, shared that the search for a permanent CEO focused on finding a candidate with strong commercial and leadership expertise, as well as the ability to thrive in a dynamic, family-owned international business. He remarked that Simon Plagborg was the ideal choice and expressed delight at welcoming him to the CM Biomass team.
Plagborg brings over 15 years of executive experience, with a background in sales and commercial roles across various industries. Prior to joining CM Biomass, he served as Chief Commercial Officer (CCO) and a member of the executive team at Skamol Group. Upon his appointment, he highlighted his eagerness to leverage his expertise in sales and strategic execution to drive CM Biomass forward. He emphasized the company’s strong team and his confidence in achieving sustained growth within the renewable energy sector.
Since its majority acquisition by United Shipping and Trading Company (USTC) in 2021, CM Biomass has seen its ownership by USTC increase to 89 percent. The alignment of CM Biomass’s values, culture, and vision with those of USTC has strengthened its position as one of the world’s leading suppliers in its field.
Nina Østergaard Borris, a board member and co-owner of USTC, stated that Plagborg’s appointment completes CM Biomass’s management team. She praised his strong commercial acumen and his understanding of the complexities of managing a global commodity business amidst volatile markets and intricate value chains.
Moving forward, CM Biomass’s executive board will comprise Simon Plagborg as CEO and Ask Michael Munck as Group CFO, setting the stage for continued growth and development.
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