Team Tankers International Ltd. announced 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. He succeeds Jens Gronning, who has left the company.

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. Feringa will be based at the Company's office in Westport, Connecticut. Arntzen will act as interim CEO until Feringa joins the Company on September 1, 2015.