Odfjell SE : New CEO for Odfjell Terminals

The Board of Odfjell Terminals BV is pleased to announce that Frank Erkelens will join Odfjell Terminals as CEO for its global activities. Frank has more than 20 years of experience in the terminal industry and comes from a position as President EMEA in Vopak. Frank lives in the Netherlands, and will be working out of both the Rotterdam and the Houston office.

David Ellis, currently President of Odfjell Terminals BV, has further decided to leave the company, after more than 20 years in the Odfjell Group. Dave has since 2013 guided the organisation through a challenging period for Odfjell Terminals. The Company would like to take this opportunity to thank him for his commitment and dedication during all of his years with Odfjell SE and Odfjell Terminals.

Dave will be leaving the company on 1 April 2016, and Kristian Mørch, CEO of Odfjell Group, will act as interim CEO until Frank Erkelens joins the company on 1 May 2016.

*************************
Odfjell Terminals is a joint venture between Odfjell SE and Lindsay Goldberg. The company owns nine terminals worldwide with over 4.5 million cubic meters in over 900 tanks, plus new ongoing projects in China. Odfjell Terminals' key activities include storage of chemicals, petroleum, gases and distillation with almost 1,000 personnel worldwide.

For more information, please contact:
Kristian Mørch, President/CEO Odfjell SE
Tel.: + 47 55 27 00 00
E-mail: kristian.morch@odfjell.com