NIELS STOLT-NIELSEN NAMED CEO OF STOLT-NIELSEN S.A.

NIELS STOLT-NIELSEN NAMED CEO OF STOLT-NIELSEN S.A.    Niels G. Stolt-Nielsen has been appointed to succeed his father Jacob Stolt-Nielsen as chief executive officer of the Norwegian bulk shipping group Stolt-Nielsen S.A., effective Dec. 1.
   Jacob Stolt-Nielsen, the company’s founder, has held the position of CEO of Stolt-Nielsen S.A. and its predecessor companies for 41 years.
      The company said that the appointment of Niels G. Stolt-Nielsen, 35, as CEO, is part of its long-term management succession plan. Following Christopher J. Wright’s forthcoming retirement at the end of 2001, Jacob B. Stolt-Nielsen will take over his position as chief operating officer.
      Niels G. Stolt-Nielsen worked in the Stolt-Nielsen Transportation Group in Greenwich, Conn., from 1990 to 1994 before transferring to Asia to establish Stolt-Nielsen’s representative office in Shanghai, where he worked for two years. In 1996 he was appointed CEO of Stolt Sea Farm.
   Jacob Stolt-Nielsen will continue to serve as Stolt-Nielsen S.A.’s chairman and as chairman of its principal operating subsidiaries including the publicly traded Stolt Offshore 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.