James B Hurlock News

Stolt-Nielsen S.A. (Oslo Børs: SNI) announced that James B. Hurlock has resigned as a Director of the Company, effective immediately. Jacob Stolt-Nielsen, Chairman of Stolt-Nielsen S.A. stated:  "We thank Jim for his service as a Director of the Company since 2004.  We also thank him for his service as interim Chief Executive Officer of Stolt-Nielsen Transportation Group from July 2003 to June 2004.  Jim also served as Chairman of the Legal Affairs Committee of the Board of Directors and in that capacity helped guide the Company through difficult times."

Stolt-Nielsen S.A. appointed Otto H. Fritzner as CEO of Stolt-Nielsen Transportation Group (SNTG). Fritzner most recently served as Managing Director, Ship Owning at SNTG. He succeeds James B. Hurlock, who was named Interim CEO of SNTG in July 2003. • SNTG's global operations will be organized into three regions - the Americas, administered from Greenwich, Conn.; Asia-Pacific, administered from Singapore; and Europe, the Middle East, India and Africa (EMEIA), administered from Rotterdam, SNTG's corporate headquarters. • SNTG's Indian Ocean Service and the Europe-to-Asia Pacific Service will be operated out of Rotterdam. I.M. Skaugen ASA announced that Skaugen PetroTrans (SPT), its 50 percent owned joint venture company, has appointed Per Voie as its President.

Nine separate organizations, including a foreign sovereign government, leading trade associations and other groups have filed amicus curiae briefs with the Supreme Court of the United States urging the Court agree to hear the Stolt-Nielsen S.A. v. United States case. Stolt-Nielsen S.A. expressed its appreciation that these organizations urged review of a decision by U.S. Court of Appeals for the Third Circuit, which held that federal courts lack the authority to enforce prosecutors' promises pre-indictment, which is in conflict with the decisions of the Seventh Circuit. "In breaching its promises with Stolt-Nielsen, the Department of Justice overstepped any legitimate prosecutorial boundary," James B.

Stolt-Nielsen has announced organizational and management changes at the company's Transportation Group. Jacob Stolt-Nielsen, Chairman of Stolt-Nielsen S.A. Effective immediately, the Board of Directors of Stolt-Nielsen S.A. has elected James B. Hurlock, 69, as Interim Chief Executive Officer of Stolt-Nielsen Transportation Group. Mr. Hurlock currently serves as a Director of Stolt Offshore S.A. He succeeds Reginald J. R. Lee, who will serve as an advisor to the company until his planned retirement at the end of 2003. "We are pleased that Jim has agreed to take on this task," said Mr. Stolt-Nielsen. "His credentials, integrity and character are of the highest order. Stolt-Nielsen S.A.