Hans Feringa Joins Team Tankers International Ltd. as New President and CEO

HAMILTON, Bermuda--()--Team Tankers International Ltd. (“Team Tankers”) announced today that its Board of Directors has appointed Hans Feringa as the company’s new President and CEO. Feringa is the former President of Stolt Tankers, a division of Stolt-Nielsen Limited. He succeeds Jens Gronning, who has left the company.

“Under Jen’s leadership, Team Tankers completed a comprehensive financial restructuring and established a solid operational model”

“Under Jen’s leadership, Team Tankers completed a comprehensive financial restructuring and established a solid operational model,” said Morten Arntzen, Team Tankers International Ltd. Executive Chairman. “We are delighted that Hans will now be leading Team Tankers as the company focuses on growth and expansion. Hans brings unequalled industry experience and an outstanding track record of success. His insights and experience will drive Team Tankers’ strategy to excel at serving our clients and their markets in the years ahead.”

Feringa joined Stolthaven Terminals in 1996, holding various positions of increasing responsibility within the Stolt organization before his appointment as President of Stolt Tankers in 2007. Prior to Stolt, he was Commercial Director of Van Ommeren’s Tank Terminal at Botlek, Rotterdam. Feringa holds a BSc in Oceanography and received an MBA from Rotterdam School of Management, Erasmus University in the Netherlands.

“Team Tankers has a long and proud tradition in the shipping industry, and I am honored to continue this tradition while leading the company into new areas of opportunity,” said Feringa. “Team Tankers’ commitment to providing value to its customers will establish it as a market leader in the market segments in which we will compete.”

Feringa will be based at the company’s office in Westport, Conn. Arntzen will act as interim CEO until Fergina joins the company on September 1.

ABOUT TEAM TANKERS INTERNATIONAL LTD.

Team Tankers International Ltd. is a leading marine chemical tankers company, with history and roots that trace back as far as 1883. The Company transports a wide variety of cargoes including organic chemicals, non-organic chemicals, petroleum products, vegetable oils and lube oils. Team Tankers International Ltd. is listed on the Oslo Stock Exchange.

Contacts

Team Tankers International Ltd.
Janet Brown, 203-913-1908
jbrown@industrialsearchpartners.com

Release Summary

Team Tankers International Ltd. announced today that its Board of Directors has appointed Hans Feringa, former President of Stolt Tankers, as the company's new President and CEO.

Team Tankers International Ltd.