Passing of an Industry Giant: Jacob Stolt-Nielsen 1931- 2015

Jacob Stolt-Nielsen, a maritime and offshore industry giant has passed away today at his home in Oslo at age 83.

Mr. Stolt-Nielsen saw an unbelieveable level of success over his professional life. The following summarizes some of his most notable accomplishments:

1959: Founded Stolt Tankers – now the world’s largest chemical tanker company

1971: Founded Stolthaven Terminals – today operates 20 bulk-liquid storage facilities worldwide.

1971: Co-founder and the first chairman of Det Norske Oljeselskap (DNO)

1972: Founded Stolt Sea Farm – a pioneer in salmon farming, which is recognized today as a leader in high-tech aquaculture, focusing on sole, turbot and sturgeon for caviar.

1973: Established Stolt-Nielsen Seaway A/S which later became Stolt Offshore, a billion dollar diving and subsea company that is now part of Subsea 7

1982: Founded Stolt Tank Containers, now the world’s largest tank container operator.

Mr. Stolt-Nielsen served as Chairman of the Board of Directors of Stolt-Nielsen Limited since he founded the Company in 1959 until December 15, 2009 when he stepped down as Chairman, but remained as a Director until his retirement in December 2014. He held the position of Chief Executive Officer of Stolt-Nielsen Limited from 1959 until 2000.

Stolt-Nielsen Limited today employs more than 5,000 people in 42 offices around the world.

Mr. Jacob Stolt-Nielsen leaves behind his wife of 58 years, Nadia; two daughters, Siri and Lise; two sons, Jacob B. (a Director of Stolt-Nielsen Limited) and Niels Gregers (a Director and Chief Executive Officer of Stolt-Nielsen Limited), and their families, including 13 grandchildren.