NO: DELENG / 2017 / 70663
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Stolt-Nielsen's New CEO: Udo Lange Takes the Helm
By Sea and Coast | 12/08/2023
Norwegian chemical and bulk liquid transportation specialist, Stolt-Nielsen, is set for a leadership transition as CEO Niels G. Stolt-Nielsen concludes his 23-year tenure, relinquishing his role on September 1, 2023. Udo Lange is poised to succeed him, taking over the CEO mantle and concurrently, Niels G. Stolt-Nielsen will assume the position of Chairman of the Board of Stolt-Nielsen Limited, as announced by the company.
Udo Lange's appointment as Chief Executive Officer, effective September 1, 2023, adds a new chapter to Stolt-Nielsen's leadership narrative. With a distinguished career spanning over two decades in the international trade sector, Udo Lange brings invaluable expertise in freight forwarding, express and parcel logistics, as well as airline catering.
Notably, Udo Lange's previous role as the president of Healthcare, Logistics, and Americas International at FedEx Express, where he led a formidable team across 80 countries, underscored his prowess in steering complex global operations. His active involvement in the FedEx Senior Management Committee, responsible for shaping the strategic trajectory of the approximately $90 billion revenue enterprise, further attests to his strategic acumen.
This transition aligns with Stolt-Nielsen's strategic initiatives geared towards environmental sustainability. The company has set ambitious targets, including a 50% reduction in carbon intensity by 2030, a carbon-neutral ship in the fleet by 2030, and achieving a carbon-neutral business by 2050. These goals are integral to Stolt-Nielsen's commitment to fostering a sustainable future for the maritime industry.
The stewardship towards sustainability extends across Stolt-Nielsen's units. Stolthaven Terminals, a critical component of the company's operations, is committed to achieving carbon neutrality in its primary activities, encompassing storage and handling, by 2040. Notably, Stolt Tank Containers aims to attain 50% renewable energy usage in its depots by 2030, while striving to reduce its partners' transport carbon footprint by 40% in the same timeframe. Stolt Sea Farm, a subsidiary, is dedicated to achieving zero waste to landfill by 2030 and making substantial reductions in fish feed usage.
As a testament to its commitment to innovation and sustainable energy solutions, Stolt-Nielsen's units, Stolthaven Terminals, and Stolt Tankers, are actively exploring the potential of ammonia as a viable alternative to traditional petroleum-based marine fuels. This initiative underscores the company's resolve to contribute to the industry's transition to low and zero-carbon energy sources.
With Udo Lange assuming the helm, Stolt-Nielsen is poised to navigate the evolving landscape of sustainable maritime practices. This leadership transition not only marks the end of an era under Niels G. Stolt-Nielsen's visionary guidance but also heralds a new chapter characterized by Udo Lange's leadership and the company's steadfast commitment to shaping a greener, more environmentally-conscious future for the maritime domain.