Endofa brings in number cruncher to clean up business

Financial reports plagued by deficits and a hole in the company's wallet last year spurned Endofa to hire CFO Torben Okkels in order to salvage the bunker company. It was now or never, he tells ShippingWatch. The group is currently headed towards its first profit ever.

Photo: PR-foto/Endofa

When Torben Okkels was recruited as CFO of Danish bunker group Endofa last fall, the task seemed simple enough. Get the books under control and plug the hole in the company's wallet.

After two years of finger pointing from accountants, the company could no longer afford to present yet another annual report containing questionable figures.

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