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USTC completes ownership circle with appointment of Head of Corporate Governance

May 31, 2021

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Mia Østergaard Nielsen will return to the parent group when she takes over as Head of Corporate Governance at United Shipping and Trading Company (USTC) on 1 September 2021. She has been a member of the board of Bunker Holding since 2018 and in 2020 further joined the boards of USTC and Uni-Tankers. The employment is a long-planned next step into the development of the family business.

The position as Head of Corporate Governance is a natural extension of the growth journey that USTC has been on in recent years, among other things through acquisitions of companies such as CM Biomass and FREJA Transport & Logistics. The group has grown considerably in recent years, which places higher demands on working more strategically with management based on family values.

Mia Østergaard Nielsen, 31, is the daughter of founder Torben Østergaard-Nielsen, and her entry into the company underlines the strong family ownership in the global group, where all three owners are now actively involved. Sister Nina Østergaard Borris, 37, was employed in the group's largest unit, Bunker Holding from 2014-2020, before she was appointed Chief Operating Officer of USTC in 2020 with overall responsibility for business optimization and business development.

“It is a great personal satisfaction that the family ownership is now gathered in an active and committed management of the group. There is no doubt that Mia's accession completes the circle, and I look forward to working with both of my daughters to further develop USTC. They both have some very forward-looking ideas and thoughts, and I know that together we will form a strong alliance. Mia has spent valuable time outside the company and through her external experience she has built up competencies that can strengthen USTC," says Torben Østergaard-Nielsen.

Mia Østergaard Nielsen comes from a position as Associate at the consulting house Spencer Stuart, where she has been recruiting top management. She has also previously worked at PwC in their Executive Education department. Mia has worked and studied in both London and Singapore and has an educational background in HR from CBS. At USTC, she will be responsible for strengthening the strategic framework for top management and will not least ensure a strong footprint from the parent company across the group's entities. Among other things, she will ensure that the profile requirements for c-suite positions in the group are in line with the strategic objective and the DNA of the owner family, and that the various boards continue to have the optimal composition.

As part of the updated governance structure, USTC will put further focus on the sustainability agenda in the future. Here, the task will be to participate constructively in the development within sustainability to create a basis for increased efforts and future work with both USTC and the group's subsidiaries on ESG initiatives.

“Becoming a full member of the active ownership of USTC has long been on the cards, and it is a great privilege to help lead USTC into an exciting future. At the same time, I am humbled by the task and am fully aware that I am still a young leader who has a lot to learn. But with the family values running in my veins and my many years of close work with the USTC boards, I am ready to work with the many talented colleagues in the group,” says Mia Østergaard.

The new Head of Corporate Governance will report directly to CEO and owner Torben Østergaard-Nielsen.


CV Mia Østergaard Nielsen

Born 1989

  • MSc, Human Resource Management, CBS (Cand.merc.)
  • Education from Harvard University and the London School of Economics
  • Current employment: Associate at the consulting firm SpencerStuart
  • Previous employment in PWC, Nova and various USTC companies
  • Member of the following boards:
    • USTC
    • Bunker Holding
    • Uni-Tankers

Mia Østergaard Nielsen currently lives in Copenhagen with her fiancé. She will share her time between the office in Copenhagen and the headquarters in Middelfart until ultimo 2022 when the couple will relocate permanently to Middelfart.

 

Media enquires

Group Communications

Phone: +45 7879 8228

press@ustc.dk

 

Terms of user for images

Please note that USTC Group owned images may only be used in editorial publications.

United Shipping & Trading Company (USTC) is represented in more than 35 countries through the groups’ activities in Oil & Energy, Shipping, Door-to-Door Logistics, Risk Management & IT. The family-owned group was founded in 1876 and today consists of well-known companies such as Bunker Holding, SDK Freja, Uni-Tankers, Selected Car Group and Unit IT – operating out of 130 offices with more than 3,500 employees worldwide. Headquartered in Middelfart, Denmark, USTC’s equity stands at over DKK 3 billion with a turnover of DKK 76 billion in the last fiscal year.