ROTTERDAM, August 14, 2003 (PRIMEZONE) -- Stolt-Nielsen Transportation Group (SNTG), a wholly owned subsidiary of Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo Stock Exchange: SNI), announced today that Hans Feringa has been appointed as Managing Director of Tanker Chartering, and that Tom Monssen has been named Managing Director of Terminals.
"We are delighted to announce the appointments of Hans and Tom to these important positions at the Stolt-Nielsen Transportation Group," said James B. Hurlock, Interim Chief Executive Officer of SNTG. "Innovation, performance and a relentless dedication to customer service have long been the hallmarks of SNTG. Each of these individuals has both the capabilities and integrity to help ensure that we continue to deliver against our mission of providing our customers with the best value in bulk liquid logistics."
Hans Feringa
Mr. Feringa most recently served as Managing Director of Stolthaven Terminals since July of 2000. He joined the Stolt-Nielsen Transportation Group in 1996, as General Manager of Stolthaven Terminals Asia Pacific Business Development (Singapore), and was named Stolthaven Terminals Asia Pacific Director and Senior Vice President (Singapore) in 1999.
From 1987 to 1996, Mr. Feringa was with Van Ommeren Tank Terminal, holding the title of Commercial Director before moving to SNTG.
Mr. Feringa received an MBA from Erasmus University in Rotterdam, and a BSC from Swansea University, where he majored in oceanography.
Tom Monssen
Mr. Monssen was previously Managing Director SNTG South America (Brazil) from July 2000. Before that he was Stolt Parcel Tanker Atlantic Ocean Service Business Director and Senior Vice President. Mr. Monssen joined SNTG in 1984 as a Shipbroker, and was later promoted to Round Voyage Manager.
From 1980 to 1981, he was a member of the Royal Guards of Norway. He graduated from Ostfold Distrikthoyskole in 1985.
About Stolt-Nielsen S.A.
Stolt-Nielsen S.A. 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 its parcel tanker, tank container, terminal, rail and barge services, provides integrated transportation for its customers. The Company also owns 63 percent of Stolt Offshore S.A. (NasdaqNM: SOSA; Oslo Stock Exchange: STO), which is a leading offshore contractor to the oil and gas industry. Stolt Offshore specializes in providing technologically sophisticated offshore and subsea engineering, flowline and pipeline lay, construction, inspection, and maintenance services. Stolt Sea Farm, wholly-owned by the Company, produces and markets high quality Atlantic salmon, salmon trout, turbot, halibut, sturgeon, caviar, bluefin tuna, and tilapia.
Forward-looking Statements
Certain statements made in this press release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of 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 our current views and assumptions and are subject to risks and uncertainties. The following factors, and others which are discussed in our 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 our forward-looking statements: the terms, conditions and amount of our indebtedness; our ability to recover costs on significant projects; the general economic conditions and competition in the markets and businesses in which we operate; the outcome of legal proceedings; the impact of negative publicity; environmental challenges and natural conditions facing our aquaculture business; the impact of laws and regulations; uncertainties inherent in operating internationally; our relationship with significant customers; and operating hazards, including marine disasters, spills or environmental damage. Many of these factors are beyond our ability to control or predict. Given these factors, you should not place undue reliance on the forward-looking statements.
-0- Reid H. Gearhart The Dilenschneider Group USA 1 212 922-0900 rgearhart@dgi-nyc.com