Kinda of SOSA news.
News for 'SOSA' - (New Chairman of Stolt Sea Farm Appointed)
LONDON, Jan 22, 2003 (BUSINESS WIRE) -- Stolt-Nielsen S.A. (Nasdaq: SNSA;
Oslo
Stock Exchange: SNI) announces that during its meeting earlier this month,
Jacob
Stolt-Nielsen informed the Board of Stolt-Nielsen S.A. (SNSA) that as part
of
the handover of his responsibilities he wishes to resign as Chairman of
the
Stolt Sea Farm Holdings plc (SSF), SNSA's wholly owned seafood business
subsidiary.
Jacob Stolt-Nielsen is the founder of SSF and has been a pioneer in the
aquaculture industry in Norway in the early 1970's. He remains Chairman of
SNSA
and Stolt Offshore S.A.
The Board of SNSA has decided to appoint Niels Gregers Stolt-Nielsen as
the new
Chairman of SSF. He will take on this responsibility with immediate
effect.
Niels Gregers Stolt-Nielsen is also a Board member and CEO of SNSA. From
1996 to
2001, he was CEO of SSF.
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.
Stolt-Nielsen S.A. also owns 63 percent of Stolt Offshore S.A. (Nasdaq:
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 Stolt-Nielsen S.A., produces and markets high quality Atlantic salmon,
salmon
trout, turbot, halibut, sturgeon, caviar, bluefin tuna, and tilapia.
This news release contains forward-looking statements as defined in the
U.S.
Private Securities Litigation Reform Act of 1995. Actual future results
and
trends could differ materially from those set forth in such statements due
to
various factors. Additional information concerning these factors is
contained
from time to time in the Stolt-Nielsen S.A. U.S. SEC filings, including
but not
limited to the Stolt-Nielsen S.A. report on Form 20-F for the year ended
November 30, 2001. Copies of these filings may be obtained by contacting
the
Company or the U.S. SEC.
CONTACT: Stolt-Nielsen S.A.
USA
Richard M. Lemanski, 203/625-3604
rlemanski@stolt.com |
