Teekay Announces Senior Management Changes
HAMILTON, BERMUDA, Nov 14, 2012 (Menafn - MARKETWIRE via COMTEX) --Teekay Corporation (Teekay or the Company) TK announcedthat Executive Vice President, Innovation, Technology and Projects,Graham Westgarth, has informed the Company of his intention to resignfrom his position effective December 31, 2012, after more than 13years of service with the Company.
Peter Evensen, Teekay's President and Chief Executive Officer said,"I was sorry to hear from Graham Westgarth that he has decided tomove on from Teekay." Mr. Evensen continued, "Graham has been aninstrumental part of Teekay's growth. He is a reflection of whatTeekay is today - a leader with a reputation for operationalexcellence and integrity."
Graham Westgarth said, "My time with Teekay has been exciting,intellectually stimulating and professionally rewarding. Having saidthis, I feel the time is right to move on, and seek opportunitieswhere I can best bring my operational knowledge and experience tobear."
Mr. Westgarth joined Teekay in 1999 as Vice President, MarineOperations. In 2003, Mr. Westgarth was appointed President of TeekayMarine Services division, with a responsibility for the marine andtechnical operations of Teekay's fleet, and also newbuildconstruction. During this time, Mr. Westgarth was the electedChairman of the International Association of Independent TankerOwners (INTERTANKO). In 2011, he assumed his new role as ExecutiveVice President for Innovation, Technology and Projects. Mr. Westgarthhas 40 years of industry experience, which includes 18 years of seaservice, with five years in a command position.
Teekay has appointed Chief Strategy Officer and Executive VicePresident, Kenneth Hvid to assume Mr. Westgarth's portfolio ofresponsibilities.
Teekay Corporation provides a comprehensive set of marine services tothe world's leading oil and gas companies, helping them seamlesslylink their upstream energy production to their downstream processingoperations. Teekay is growing its operations in the offshore oilproduction, storage and transportation sector through itspublicly-listed subsidiary, Teekay Offshore Partners L.P. TOO, continues to expand its significant presence in the liquefiednatural gas shipping sector through its publicly-listed subsidiary,Teekay LNG Partners L.P. TGP, and seeks to grow itsconventional tanker business through its public subsidiary, TeekayTankers Ltd. TNK. With a fleet of approximately 150 vessels,offices in 16 countries and approximately 6,400 seagoing andshore-based employees, Teekay transports 10 percent of the world'sseaborne oil and its reputation for safety, quality and innovationhas earned it a position with its customers as The Marine MidstreamCompany.
Teekay's common stock is listed on the New York Stock Exchange whereit trades under the symbol "TK".
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SOURCE: Teekay Corporation
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