Press release -
Changes to CM Biomass leadership team
CM Biomass announces that, after mutual agreement, Morten Buchgreitz has stepped down from his role as CEO of CM Biomass.
During his time with CM Biomass, Morten Buchgreitz has contributed to the professionalisation and structuring of the company’s internal procedures and risk management, as well as the development of CM Biomass’ strategy for the coming years. The Board of Directors is now focused on identifying a new CEO with a clear commercial profile to guide the company in its next phase of growth. The performance of the company can especially be attributed to CM Biomass’ robust strategy, agile business model, and its dedicated employees.
“The board of directors would like to extend a thank you to Morten Buchgreitz for his efforts, his contribution, and his professionalism during his three years with CM Biomass; first as board member and then as Group CEO. We wish him every success in his future undertakings,” says Christian Junker, Chairman of the Board of Directors of CM Biomass.
In the interim, Ask Michael Munck, CFO of CM Biomass, will assume the role of Acting CEO. He has been with CM Biomass since 2022 and brings an in-depth knowledge of the company, its operations, and its ambitions.
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CM Biomass is the world’s largest trader of wood pellets and a top-5 producer, employs more than 230 dedicated professionals in more than 13 countries and works with a variety of clients across several markets trading annually around 3.6 million tons of wood pellets and agricultural residues striving to decarbonize power and heat production.
CM Biomass has its roots in the family-owned Copenhagen Merchants Group; still being a minority owner.
CM Biomass' majority owner is the family-owned United Shipping & Trading Company (USTC), which is represented in 40 countries via the group's activities within fuel & energy, shipping & logistics, risk management, car activities, IT and sustainable energy.
