Teekay Corporation Announces Changes to Board of Directors
September 13 2017 - 6:55AM
Teekay Corporation (Teekay or the Company) (NYSE:TK) announced
today the following changes to its Board of Directors:
- Axel Karlshoej, Director and Chairman Emeritus, and Thomas
(Tommy) Kuo-Yuen Hsu, Director, have retired from their
positions effective September 12, 2017, after 25 years with the
Company’s Board.
- Mr. Karlshoej and Mr. Hsu are being replaced by Rudolph W.J.
Krediet and Heidi Locke Simon.
- In addition, David Schellenberg has been appointed to the
Company’s Board.
“Twenty-five years ago, Tommy Hsu and I joined
Teekay’s Executive Board following the untimely passing of my
brother Torben Karlshoej,” commented Mr. Karlshoej. “Torben’s
dream was to build one of the best shipping companies in the world
– an ambition we continue to aspire to and a purpose shared by our
Board of Directors and employees throughout the world.”
“I am proud to be able to look back and say that
we have continued to build on Torben’s dream and I am confident in
passing the baton to the next generation of Board members and
leaders that share the same Teekay Spirit values and will continue
to navigate this great company for many years to come,” Mr.
Karlshoej continued. “I would like to thank Tommy Hsu for all his
invaluable support and counsel to Teekay over the past 25 years and
wish our new Board members all the best as we set our sights on the
future.”
“Axel’s mantra in his leadership at Teekay has
always been to do the right thing,” commented Mr. Bill Utt,
Teekay’s Chairman. “It has been clear to me from when I
joined Teekay that both Torben and Axel lead from the basic
principle that Teekay is first and foremost a people company that
runs great ships instead of a shipping company that employs great
people. Teekay is built on a strong culture that sets us up in a
unique way. I would like to thank Axel and Tommy for their
unwavering commitment to the Teekay mission for the past 25 years
and I look forward to working with the new Board members in the
future.”
Mr. Krediet has over 15 years of experience as a
financial investment professional. Since 2013, Mr. Krediet has
served as a Partner at Anholt Services (USA) Inc., a wholly-owned
subsidiary of the Kattegat Trust, which oversees the Trust’s
globally-diversified investment portfolio. Between 2001 and
2013, Mr. Krediet acted as a Principal, Vice President and an
Investment Analyst with Compass Group Management LLC, the manager
of Compass Diversified Holdings, a publicly-traded investment
holding company. From 2003 to 2004, Mr. Krediet acted as Vice
President at CPM Roskamp Champion, a global leader in the design
and manufacturing of oil seed processing equipment. Mr. Krediet
holds an MBA.
Ms. Locke Simon has over 20 years of strategic
management experience. Ms. Locke Simon was formerly a Partner at
Bain & Company Inc., a global management consulting
organization, where she worked from 1993 to 2012. Prior to
this, Ms. Locke Simon was an Investment Banking Analyst at Goldman
Sachs. Ms. Locke Simon has contributed to HBS Community Partners
from 2013 to 2016, which is a volunteer consulting
organization. Ms. Locke Simon has served as a director of
KQED Public Media from 2008 to 2014 and director of Turning Green
from 2004 to present. Ms. Locke Simon holds an MBA.
Mr. Schellenberg brings over 25 years of
financial and operating leadership experience. Mr.
Schellenberg is currently a Managing Director and Principal with
Highland West Capital, a private equity firm in Vancouver, Canada.
Prior to that, Mr. Schellenberg was with Conair Group and its
subsidiary Cascade Aerospace, specialty aviation and aerospace
business, from 2000 to 2013 and was President and CEO from 2007 to
2013. Mr. Schellenberg also acted as a Managing Director in
the Corporate Office of the Jim Pattison Group, Canada’s second
largest private company, from 1991 to 2000. Mr. Schellenberg
is a member of the Young Presidents’ Organization and holds an MBA
as well as Chartered Accountant and CPA designations.
About Teekay
Teekay Corporation operates in the marine
midstream space through its ownership of the general partners and a
portion of the outstanding limited partner interests in Teekay LNG
Partners L.P. (NYSE:TGP) and Teekay Offshore Partners L.P.
(NYSE:TOO). The general partners own all of the outstanding
incentive distribution rights of these entities. In addition,
Teekay has a controlling ownership interest in Teekay Tankers Ltd.
(NYSE:TNK) and directly owns a fleet of vessels. The combined
Teekay entities manage and operate consolidated assets of
approximately $13 billion, comprised of approximately 220 liquefied
gas, offshore, and conventional tanker assets. With offices in 14
countries and approximately 8,000 seagoing and shore-based
employees, Teekay provides a comprehensive set of marine services
to the world's leading oil and gas companies.
Teekay’s common stock trades on the New York
Stock Exchange under the symbol “TK”.
For Investor Relations enquiries
contact:
Ryan HamiltonTel: +1 (604) 844-6654Website:
www.teekay.com
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