Teekay Corporation Announces Changes to Board of Directors
March 14 2018 - 9:17PM
Teekay Corporation (Teekay or the Company) (NYSE:TK)
announced today the following changes to its Board of Directors:
- Eileen A. Mercier has retired from her position as Audit
Committee Chair and member of the Board of Directors of the
Company, effective March 12, 2018, after serving 17 years on the
Board; and
- Alan Semple has been appointed as the new Chair of the Audit
Committee.
Mr. Semple joined the Teekay Board, and its
Audit Committee, in 2015. He has over 30 years of finance and
energy industry experience, including as Director and Chief
Financial Officer at John Wood Group PLC until his retirement in
May 2015. Mr. Semple currently also serves on the Board of Cobham
PLC, where he is the Chair of its Audit Committee.
“I have found Alan to be an engaging and
insightful Board member,” commented Mr. Bill Utt, Teekay’s Chairman
of the Board. “His considerable finance and energy industry
experience makes him an excellent choice to chair Teekay’s Audit
Committee.”
“We owe a huge debt of gratitude to Eileen,”
continued Mr. Utt. “She is a highly experienced and strategic
thinker. On behalf of the entire Teekay Board, I want to recognize
Eileen for her exemplary service as a Teekay Board member over the
past 17 years, and thank her for the significant contributions that
she has made to Teekay during her tenure.”
About Teekay
Teekay Corporation operates in the marine
midstream space through its ownership of the general partner and a
portion of the outstanding limited partner interests in Teekay LNG
Partners L.P. (NYSE:TGP) and an interest in the general partner and
a portion of the outstanding limited partner interests in 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 operate total assets under management of
approximately $13 billion, comprised of approximately 215 liquefied
gas, offshore, and conventional tanker assets. With offices in 14
countries and approximately 8,200 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 is listed on the New York
Stock Exchange where it trades under the symbol “TK”.
For Investor Relations enquiries
contact:
Ryan HamiltonTel: +1 (604) 609-2963Website:
www.teekay.com
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