Jacob Stolt-Nielsen to step down as Chairman of the Stolt-Nielsen S.A. Board of Directors
September 01 2009 - 9:33AM
Marketwired
Stolt-Nielsen S.A. (Oslo Børs: 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.
Contacts:
Jan Chr. Engelhardtsen
U.K. +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com
Jens F. Grüner-Hegge
U.K. +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com
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 announcement was originally distributed by Hugin. The
issuer is solely responsible for the content of this
announcement.
Copyright © Hugin AS 2009. All rights reserved.
Stolt Nielsen . (NASDAQ:SNSA)
Historical Stock Chart
From Apr 2024 to May 2024
Stolt Nielsen . (NASDAQ:SNSA)
Historical Stock Chart
From May 2023 to May 2024