Niels G. Stolt-Nielsen announces his intention to step down as Chief Executive Officer of Stolt-Nielsen Limited

26 Jan 2022 08:15 CET

Company Name

STOLT-NIELSEN, Stolt-Nielsen Limited 17/22 6,375% USD, Stolt-Nielsen Limited 20/23 FRN FLOOR, Stolt-Nielsen Limited 20/24 FRN FLOOR

ISIN

BMG850801025, NO0010805765, NO0010886096, NO0010874894

Marché

Oslo Børs

Symbole

SNI

LONDON, January 26, 2022 - Niels G. Stolt-Nielsen has informed the Board of
Stolt-Nielsen Limited of his wish to step down from his role as Chief Executive
Officer. He will continue as CEO and as a Director on the Board until the
appointment process for a successor has been completed. Mr Stolt-Nielsen has
served as Chief Executive Officer of Stolt-Nielsen Limited since November 2000
and has been a Director since 1996.

The intention is that once a suitable replacement is found, Mr Niels G. Stolt-
Nielsen will assume the role of Chairman of the Board of Directors, subject to
shareholder approval, replacing Mr Samuel Cooperman. Mr Cooperman has served as
Chairman since 2016 and will remain as a Board Director, Chairman of the Audit
Committee and a member of the Compensation Committee.

Niels G. Stolt-Nielsen said: "I joined Stolt-Nielsen in 1990 and have served as
CEO since 2000. It has been a privilege to lead and work with talented and
dedicated individuals throughout the organisation for so long. However, I feel
now is the right time for me to step aside and let a fresh pair of hands take
the Company forward. I am announcing my intention today to allow the Board
sufficient time to appoint my successor and to allow for a smooth handover.  I
intend to continue to work closely with the Board and the leadership team to
ensure the successful continuity of the businesses to the benefit of all
stakeholders. I have dedicated my career to Stolt-Nielsen Limited and will
continue to do so in the future."

Additional information on the composition of the Stolt-Nielsen Board can be
found at the Company's website at: https://www.stolt-nielsen.com/en/about-
us/who-we-are/board-of-directors/

For additional information please contact:

Jens F. Grüner-Hegge
Chief Financial Officer
UK +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com

Ellie Davison
Head of Corporate Communications
UK +44 (0) 20 7611 8926
e.davison@stolt.com (mailto:e.davison@stolt.com)

About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNL or 'the Company') is a long-term investor and manager
of businesses focused on opportunities in logistics, distribution, and
aquaculture. The Stolt-Nielsen portfolio consists of its three global bulk
liquid and chemicals logistics businesses - Stolt Tankers, Stolthaven Terminals
and Stolt Tank Containers - Stolt Sea Farm and investments in LNG. Stolt-Nielsen
Limited is listed on the Oslo Stock Exchange (Oslo Børs: SNI).



This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act


Source

Stolt-Nielsen Limited

Fournisseur

Oslo Børs Newspoint