Neptune Orient Lines (NOL) today announced the appointment of US business consultant, Robert Holland, Jr., to the company’s Board of Directors.

Mr Holland, a New York-based business consultant and corporate director, will join the NOL Board on 1 January 2004.

NOL Group Chairman Mr Cheng Wai Keung said Mr Holland’s global business experience – spanning consumer goods, banking, manufacturing, business development and the food service industries – would be extremely valuable to NOL.

Mr Holland is a former President and CEO of ice cream-maker Ben & Jerry’s and has more recently served as Chairman and CEO of WorkPlace Integrators, one of the largest steelcase office furniture dealerships in the United States. His current directorships include financial services company, The MONY Group Inc., printing solutions company, Lexmark International, and the world’s largest quick-serve restaurant company, Yum! Brands Inc., which operates A&W All-American Food, KFC, Long John Silver’s, Taco Bell and Pizza Hut globally.

Other changes to the NOL Board announced today are the appointment of Mr Gan Chee Yen to the NOL Nominating Committee and the NOL Audit Committee. Mr Gan joined the Board on 1 October 2003.

NOL Directors Robert Chua and Dirk Goedhart will retire from the Board at the end of the year (with effect from 31 December 2003).

ENDS.