Teekay Tankers Announces Management Change
December 07 2017 - 06:59AM
Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) announced today
that Stewart Andrade has been appointed Chief Financial Officer of
Teekay Tankers, succeeding Vince Lok who will remain Teekay
Corporation’s (Teekay) Executive Vice President and Chief Financial
Officer.
Mr. Andrade joined Teekay in 2002 and has worked
in a variety of increasingly senior roles across the organization.
He has been responsible for executing a number of strategic
transactions, including acquisitions and the establishment of joint
ventures, to grow Teekay Tankers into one of the world’s leading
tanker companies. His most recent role was Vice President,
Strategy and Business Development for Teekay’s tanker business, a
position he has held since December 2015. Prior to joining
Teekay, Mr. Andrade worked in Ernst and Young’s consulting practice
providing advisory services to a variety of Canadian and
international organizations. Mr. Andrade is a Canadian
Chartered Professional Accountant.
“Stewart has been a senior leader in the Teekay
Tankers management team for a number of years. His strategic and
business insights and financial acumen have contributed to the
success of Teekay Tankers and his appointment as Chief Financial
Officer is a natural progression as Teekay Tankers continues to
develop its world-leading tanker franchise,” commented Arthur
Bensler, Teekay Tankers’ Chairman.
“I would like thank Vince for his leadership in
Teekay Tankers ever since its initial public offering in 2007,”
continued Mr. Bensler. “Vince will continue in his other
various leadership and oversight roles across the Teekay group,
including Executive Vice President and Chief Financial Officer of
Teekay Corporation.”
About Teekay Tankers Ltd.
Teekay Tankers currently owns a fleet of 53
double-hull tankers, including 26 Suezmax tankers, 18 Aframax
tankers, and nine Long Range 2 (LR2) product tankers, and has four
capital leased Suezmax tankers and one contracted time charter-in
vessel. Teekay Tankers’ vessels are employed through a mix of
short- or medium-term fixed rate time charter contracts and spot
tanker market trading. Teekay Tankers also owns a Very Large Crude
Carrier (VLCC) through a 50 percent-owned joint venture. In
addition, Teekay Tankers owns a ship-to-ship transfer business.
Teekay Tankers was formed in December 2007 by Teekay Corporation as
part of its strategy to expand its conventional oil tanker
business.
Teekay Tankers’ common stock trades on the New
York Stock Exchange under the symbol “TNK”.
For Investor Relationsenquiries
contact:
Ryan HamiltonTel: +1 (604) 609-2963Website:
www.teekaytankers.com
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