Gotaas-Larsen Names Nyholm Executive VP

Poul C. Nyholm has been named an executive vice president of Gotaas-Larsen Shipping Corporation, a subsidiary of IU International, 1500 Walnut Street, Philadelphia, Pa. 19102. The announcement was made by Kenneth A.B. Trippe, Gotaas-Larsen's president.

In his new position, Mr. Nyholm will have overall responsibility for marketing, chartering and insurance functions. He will report to Mr. Trippe.

Mr. Nyholm joins Gotaas-Larsen with 30 years of experience in shipping and petroleum industry activities worldwide. Most recently, he was sales manager with Kuwait National Petroleum Company. His previous associations include Amoco (American International Oil Company), Gulf Oil Corporation, and A. P. Moller, Copenhagen.

Mr. Nyholm is a graduate of the Commercial University and the Naval Academy in Copenhagen. He also holds a master's degree from the Harvard Graduate School of Business Ad- ministration, and has completed Harvard's Advanced Management Program.

Gotaas-Larsen is a diversified shipping company whose activities include transportation of liquefied natural gas (LNG), crude and refined petroleum products, chemicals, coal and grain. The company also operates semisubmersible drilling rigs and has interests in cruise ships, primarily serving Caribbean ports. Its principal offices are in New York and Oslo.

IU International is a diversified company serving worldwide ocean shipping, trucking, distribution, utilities, agribusiness, and industrial markets.

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