rss icon Subscribe
desktop mobile

Teekay Changes Board of Directors

Pic: Teekay

Shailaja A. Lakshmi

The marine energy transportation company Teekay Corporation and its associate company Teekay Tankers have announced changes to its Board of Directors.

Teekay Corporation said that C. Sean Day, Chairman Emeritus and Director, Tore Sandvold, Director, and Peter S. Janson, Director, are retiring from the Board after a combined 50 years with the Company's Board. Day will remain as a Director of Teekay GP LLC (the general partner of Teekay LNG Partners LP).

William ("Bill") P. Utt will be stepping down from his role as Chairman and Director of the Company and as a Director of Teekay GP LLC, but will remain as Chairman and Director of Teekay Offshore GP LLC (the general partner of Teekay Offshore Partners LP).

The Board has selected current Teekay director, David Schellenberg, to take over as Teekay's Chairman from Utt in June 2019. Schellenberg has also been nominated to stand for election to join Teekay Tankers' Board effective at Teekay Tankers' AGM on June 12, 2019.

"We have been privileged to have Sean, Tore and Peter as members of the Teekay Board and they have been instrumental in Teekay's transformation from primarily an owner of ships in the cyclical spot tanker business into a diversified marine midstream company, including the establishment of our three Daughter Companies," commented Kenneth Hvid, Teekay's President and Chief Executive Officer.

"We have also been fortunate to have Bill's leadership and guidance as Teekay's Chairman over the past two years and we are pleased that Teekay Offshore will continue to benefit from Bill's extensive offshore expertise. On behalf of the Teekay Board, I would like to thank Sean, Tore, Peter and Bill for their significant contributions to the Company over their tenures," he added.

Meanwhile, Teekay Tankers said that William ("Bill") Lawes, Director, retired from the Board effective March 13, 2019, after more than 11 years with the Company's Board.

Bjorn Moller, Director, and Richard ("Dick") J.F. Bronks, Director, are not standing for re-election at the Company's Annual General Meeting (AGM) on June 12, 2019 and will be retiring from the Board effective the date of the AGM, after almost 12 years with the Company's Board. Moller will remain a Director of Teekay Corporation.

"We have been privileged to have Bill, Bjorn and Dick as members of the Teekay Tankers Board since the initial public offering of the Company and they have been instrumental in building Teekay Tankers' leading market position in mid-size conventional tankers," commented Arthur Bensler, Chairman of Teekay Tankers. "We also are looking forward to welcoming David to the Teekay Tankers Board."

Mar 15, 2019

 

People & Company News

BDO: Shipping Confidence Rises

“It is encouraging to begin the year with a small uptick in confidence. Despite continuing doubts and fears about trade wars, China’s GDP, uncertainty over exchange rates, President Trump’s decision-making, Brexit and general political instability in many parts of the world, shipping can still find reasons to be cheerful,” said Richard Greiner, Partner, Shipping & Transport at BDO. Image: BDO

Even in the face of a raft of geopolitical and trade disputes that have conspired to instill

Diamond S Shipping Taps Kilcullen as CFO

US-based tanker owner Diamond S Shipping Inc. said it has appointed Kevin M. Kilcullen as its new Chief Financial Officer.Kilcullen comes to Diamond S from Oslo-listed chemical

Port Authority: 'A strong start to 2019'

Tonnage on river increases 60 percent from 2018Through the first two months of 2019, the Port of Little Rock and its stevedorer, LSI, have seen a year-to-year increase of 33

Legal

US: Russian Ship Suspected of Aiding N.Korea

The U.S. government has named a Russian ship on a list of vessels suspected of providing fuel to Pyongyang, a month after Reuters reported the same ship violated sanctions by

OP/ED: The Capital Construction Fund

Tom Escher, owner, Red and White Fleet

How to make the Capital Construction Fund work for all vessel owners and operators.

Rhenus Acquires World Net Logistics

Image: Rhenus Group

European logistics provider Rhenus Group has acquired South African freight forwarding and

Maritime Apps