said that Hans Feringa has been appointed President of Stolt Tankers & Terminals
as pf December 1, 2007. Hans Feringa will succeed Otto Fritzner
, who will be retiring, as planned, from the Company at the end of the year.
Feringa has been Managing Director of Tanker Trading
at Stolt Parcel Tankers Division since 2003. Prior to this he was Managing Director of Stolthaven Terminals
Division (2000 to 2003) and Asia Pacific
Regional Director, Stolthaven Terminals Division (1996 to 2000). Before joining Stolt-Nielsen S.A. in 1996, he was Commercial Director of Van Ommeren's Tank Terminal
at Botlek, Rotterdam. He gained an MBA in 1987 from Rotterdam School of Management, Erasmus University prior to joining Van Ommeren.
This appointment follows the organizational changes announced on July 20, 2007 aimed at enhancing the competitive advantage and operational efficiency across the Company. These include separating the former Stolt- Nielsen Transportation Services into two separate business units namely Stolt Tankers
& Terminals (ST&T) and Stolt Tank Containers (STC).