Teekay LNG Partners Announces Changes to Board of Directors
September 13 2018 - 5:12PM
Teekay LNG Partners L.P. (Teekay LNG or the Partnership)
(NYSE:TGP) announced today the following changes to the Board
of Directors of Teekay GP LLC (TGP GP), the general partner of the
Partnership:
- Kenneth Hvid, Teekay Corporation’s
(Teekay) (NYSE:TK) President and CEO, has been reappointed as a
member of the Board of Directors, replacing Vince Lok, Teekay’s
Executive Vice President and CFO.
- Bill Utt has been appointed as a
member of the Board of Directors. Mr. Utt also currently serves as
the Director and Chairman of Teekay and Teekay Offshore GP LLC (TOO
GP), the general partner of Teekay Offshore Partners L.P. (Teekay
Offshore) (NYSE:TOO).
“On behalf of our board and leadership team, I
would like to thank Vince for his significant contributions and
dedication to Teekay LNG,” commented Jane Hinkley, TGP GP’s
Chairperson. “I would like to welcome back Kenneth to the Board and
I am also pleased to welcome Bill to our Board, who has extensive
experience in the energy industry and across the Teekay Group, and
we look forward to working with both of them as we continue
executing on Teekay LNG’s strategic plan.”
Mr. Utt has been a Teekay Board member since
December 2015 and was appointed Chairman of Teekay and a Director
and Chairman of TOO GP in June 2017. Mr. Utt has over 30
years of engineering and energy industry experience. Until his
retirement in 2014, he served as Chairman, President and Chief
Executive Officer of KBR Inc., a global engineering, construction
and services company. Before that, Mr. Utt served as the President
and CEO of SUEZ Energy North America and President and CEO of
Tractebel’s North American energy businesses. Mr. Utt also
currently serves as Chairman on the Board of Directors at Cobalt
International Energy and is a member of the Board of Directors for
Brand Energy & Infrastructure Services, a Clayton, Dubilier
& Rice, LLC portfolio company.
About Teekay LNG
Teekay LNG Partners is one of the world’s
largest independent owners and operators of LNG carriers, providing
LNG, LPG and crude oil marine transportation services primarily
under long-term, fee-based charter contracts through its interests
in 49 LNG carriers (including seven newbuildings), 29 LPG/Multigas
carriers and four conventional tankers. The Partnership’s interests
in these vessels range from 20 to 100 percent. In addition, the
Partnership owns a 30 percent interest in a regasification
facility, which is currently under construction. Teekay LNG
Partners is a publicly-traded master limited partnership formed by
Teekay Corporation (NYSE: TK) as part of its strategy to expand its
operations in the LNG and LPG shipping sectors.
Teekay LNG Partners’ common units and preferred
units trade on the New York Stock Exchange under the symbols “TGP”,
“TGP PR A” and “TGP PR B”, respectively.
For Investor Relations enquiries
contact:
Ryan HamiltonTel: +1 (604) 609-2963Website: www.teekay.com
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