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Jacob Stolt-Nielsen to step down as Chairman of the Stolt-Nielsen S.A. Board of Directors
LONDON, September 1, 2009 - Stolt-Nielsen S.A. (Oslo B?rs: SNI) announced today that Jacob Stolt-Nielsen, who founded the Company and served as its Chairman since 1959, will step down as Chairman effective December 15, 2009, the 50 year anniversary date of the Company. He will continue to serve as a Director of the Board. Christer Olsson, who has been a Director of SNSA since 1993, has been nominated to succeed Mr. Stolt-Nielsen.
Mr. Olsson is Vice Chairman of Wallenius Lines AB and has extensive shipping-industry experience.
Commenting on the transition, Mr. Stolt-Nielsen, said, "It has been my privilege to lead this Company and its people for the last 50 years. I step down as Chairman with sadness, but at the same time with an extraordinary sense of satisfaction and confidence, knowing that Mr. Olsson as Chairman, and Niels G. Stolt-Nielsen, the Chief Executive Officer, and his management team, will continue to capably operate the Company going forward. I anticipate this transition with the peace of mind that comes from knowing that SNSA is in good hands and in good order."
Mr. Olsson said, "Jacob's remarkable achievements speak for themselves. I enthusiastically look forward to the opportunity to carry forth his legacy of success."
In addition to his responsibilities at Wallenius, Mr. Olsson also serves as a director on the boards of Transatlantic AB, Atlantic Container Line AB, United European Car Carriers and Singapore Shipping Corporation. He holds a Bachelor of Law degree from Stockholm University and is a Swedish citizen.
Jan Chr. Engelhardtsen
U.K. +44 (0) 20 7611 8972
Jens F. Gr?ner-Hegge
About Stolt-Nielsen S.A.Stolt-Nielsen S.A. (SNSA or the "Company") is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through the parcel tanker, tank container, terminal, rail and barge services of its wholly owned subsidiary Stolt Tankers & Terminals and Stolt Tank Containers, provides integrated transportation solutions for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt-Nielsen is currently listed on the Oslo Stock Exchange.