×

Statement from the Board of Directors of Stolt-Nielsen Limited

LONDON, Dec. 31, 2015 (GLOBE NEWSWIRE) -- The Board of Directors of Stolt-Nielsen Limited today regretfully announced the passing of Christer Olsson, Chairman of the Board. He was 70. Mr. Olsson had served as a Director of the Company since 1993, and as Chairman of the Board since December 15, 2009, when he succeeded Jacob Stolt-Nielsen, the Company's founder. The Board of Directors will elect a new chairman at the Company's Annual General Meeting in April 2016.

"For more than two decades, Christer provided constructive guidance and thoughtful insights to Board discussions, helping the Company to capitalise on opportunities as well as overcome challenges," said Niels G. Stolt-Nielsen, Chief Executive Officer. "Christer has been a trusted support to me since he first was elected to the Board. His presence will be greatly missed."

Mr. Olsson also served as Vice Chairman of Wallenius Lines AB, and as a director of Wallenius Wilhelmsen Logistics AS, United European Car Carriers (UECC) and Atlantic Container Line AB. He received his Bachelor of Law degree from Stockholm University.

Contacts:

Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com

Jens F. Grüner-Hegge
VP Corporate Finance
UK +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com

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)

HUG#1976280

Source:Stolt-Nielsen Limited