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Stolt-Nielsen S.A. Appoints New Director
LONDON, August 14, 2008 - Stolt-Nielsen S.A. (Oslo B?rs: SNI) announced today that Samuel Cooperman has been appointed to the Board of Directors of the company in order to fill the current vacancy on the board. Mr. Cooperman will be nominated for re-election at the company's 2009 Annual General Meeting. With Mr. Cooperman's appointment, the number of SNSA directors remains at seven.
Mr. Cooperman joined Stolt-Nielsen in 1974 and has held a number of senior management positions, the most recent being Chairman and Chief Executive Officer of Stolt-Nielsen Transportation Group. He retired in 2003. Mr. Cooperman is currently Chairman of SeaSupplier, an e-procurement company in the marine and offshore industries. He has held directorships at numerous organisations and currently serves as a director at New York Cruise Lines and the International Chamber of Shipping, where he was previously Vice-Chairman.
Mr. Cooperman holds BS and MS degrees in electrical engineering from Columbia University and from the Graduate School at the University of Pennsylvania, respectively, and an MBA from Temple University. He is a citizen of the United States.
"Sam Cooperman brings to the SNSA board a wealth of knowledge and experience in our business, information technology and consulting," said Jacob Stolt-Nielsen, Chairman of the Board of Stolt-Nielsen S.A. "He is a welcome addition to our board."
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
This press release contains "forward-looking statements" within the meaning of the U.S. Securities Act of 1933 and the Securities Exchange Act of 1934. These statements may be identified by the use of words like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "will," "should," "seek," and similar expressions. The forward-looking statements reflect the Company's current views and assumptions and are subject to risks and uncertainties. The following factors, and others which are discussed in the Company's public filings and submissions with the U.S. Securities and Exchange Commission, are among those that may cause actual and future results and trends to differ materially from the Company's forward-looking statements: the general economic conditions and competition in the markets and businesses in which the Company operates; changes in the supply of and demand for parcel tanker, tank container and terminal capacity in the markets in which the Company operates; changes in the supply of and demand for the products we transport, particularly the bulk liquids, chemicals and other specialty liquids that form the majority of the products that we transport; prevailing market rates for the transportation services that the Company offers and the fish products that the Company sells; changes in bunker fuel prices; the cost and feasibility of maintaining and replacing the Company's older ships and building or purchasing new ships; uncertainties inherent in operating internationally; fluctuations in currency exchange rates; the outcome of legal proceedings; the Company's relationship with significant customers; the outcome of discussions with customers concerning potential antitrust claims; the impact of negative publicity; environmental challenges and natural conditions facing the Company's aquaculture business; the impact of laws and regulations; operating hazards, including marine disasters, spills or environmental damage; the conditions and factors that may influence the decision to issue future dividends; and the market for long-term debt. Many of these factors are beyond the Company's ability to control or predict. Given these factors, you should not place undue reliance on the forward-looking statements. Should one or more of these risks or uncertainties occur, or should management's assumptions or estimates prove incorrect, actual results and events may vary materially from those discussed in the forward-looking statements.