LONDON, Feb. 15, 2015 (GLOBE NEWSWIRE) -- It is with great sadness we report that Jacob Stolt-Nielsen, 83, passed away today in the company of his family at his home in Oslo. Our condolences to the family and all those who were touched in life by this extraordinary man.
An entrepreneur and visionary of boundless enthusiasm and energy, Jacob Stolt-Nielsen founded Parcel Tankers, Inc. in 1959 and pioneered the global trade for liquid chemicals, ultimately building what is today the world's largest chemical tanker company, Stolt Tankers. In 1971, he founded Stolthaven Terminals, which today operates 20 bulk-liquid storage facilities worldwide. In 1972, he founded Stolt Sea Farm, a pioneer in salmon farming, which is recognised today as a leader in high-tech aquaculture, focusing on sole, turbot and sturgeon for caviar. A year later, in 1973, he established Stolt-Nielsen Seaway A/S to provide diving and subsea services to the offshore oil and gas industry in the North Sea, an operation that later evolved into Stolt Offshore, a billion dollar company, now part of Subsea 7. In 1982, he founded Stolt Tank Containers, now the world's largest tank container operator. He was a co-founder and the first chairman of Det Norske Oljeselskap (DNO).
Mr. Stolt-Nielsen served as Chairman of the Board of Directors of Stolt-Nielsen Limited since he founded the Company in 1959 until December 15, 2009 when he stepped down as Chairman, but remained as a Director until his retirement in December 2014. He held the position of Chief Executive Officer of Stolt-Nielsen Limited from 1959 until 2000.
Stolt-Nielsen Limited today employs more than 5,000 people in 42 offices around the world.
Mr. Jacob Stolt-Nielsen leaves behind his wife of 58 years, Nadia; two daughters, Siri and Lise; two sons, Jacob B. (a Director of Stolt-Nielsen Limited) and Niels Gregers (a Director and Chief Executive Officer of Stolt-Nielsen Limited), and their families, including 13 grandchildren.
For more information about Mr. Stolt-Nielsen, please go to www.stolt-nielsen.com/
Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
Jens F. Grüner-Hegge
V.P. Corporate Finance
UK +44 (0) 20 7611 8985
About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNL or the "Company") is a leading global provider of integrated transportation solutions for bulk liquid chemicals, edible oils, acids, and other specialty liquids through its three largest business divisions, Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea Farm produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt-Nielsen Gas develops opportunities in LPG and LNG shipping and distribution. Stolt-Nielsen Limited is listed on the Oslo Stock Exchange.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)