Teekay Names Speers EVP & CFO
Teekay Corporation announced Vince Lok’s retirement as Teekay’s Executive Vice President and Chief Financial Officer effective January 1, 2023, after nearly 30 years with the company, including the past 16 years as Teekay’s Group CFO.Upon Lok’s retirement, Brody Speers, Vice President, Finance & Treasurer, will be assuming Lok’s responsibilities, along with continuing to oversee Teekay’s Finance, Accounting and Tax teams. Lok has agreed to stay on as an advisor through the end of 2023 to help ensure a smooth transition as well as support the company’s
Whitworth Joins Gulf Copper Board
I look forward to working with my fellow board members and the management team in continuing to deliver on their past success while looking how best to grow the business.”Whitworth has over 30 years of maritime industry experience and held leadership positions at ExxonMobil, SeaRiver Maritime and Teekay Shipping before being appointed CEO of Maritrans Inc. and later CEO of Seaspan ULC. Seaspan is one of Canada’s largest marine conglomerates which included three shipyards focusing on commercial ship repair and government ship repair and new construction. Seaspan is also the largest operator
Adams Appointed as Managing Director of V.Ships
V.Group has appointed John Adams as managing director of V.Ships UK Ltd. Adams brings a wealth of experience from 30 years at Teekay Shipping, most recently holding the position of Managing Director, Glasgow and Chair of the Operational Leadership Team.In his time at Teekay, Adams played a key leadership role during Teekay’s growth, integrating acquisitions into the expanding fleet operations. He is also Chairman of Bahamas Shipowners’ Association and Vice Chair at the International Chamber of Shipping, where he Chairs a strategic industry Working Group focusing on meeting the IMO GHG
SMT’s Tech Division Offers Polar Code Training
competence.In anticipation of the increase in maritime traffic in the polar regions both for leisure and commercial purposes, Stream Marine’s Technical Training division has developed the world’s first Bahamas Maritime approved Polar Code/Polar Survival training course in partnership with Teekay Shipping.Available since January 2019, the course prepares crew regarding the actions they need to take in order to survive in icy seas for up to 5 days, as per the current requirement, in the unlikely event of abandoning ship in some of the remotest and hostile areas on the planet.SMT’s course
Westgarth to Lead V.Group
for almost 50 years. During his career, he has operated across almost all sectors and functions in the industry, with a particular focus on ship management and helping companies achieve operational excellence. Graham has held a range of senior executive roles with companies including GasLog Limited, Teekay Corporation and Maersk UK. He has also occupied a number of industry positions, most notably as Chairman of INTERTANKO, a position he held for five years.Commenting on the announcement, John Pattullo, Chairman of V.Group, said: “I would like to thank Ian for his significant contribution
Teekay Offshore Taps Steinsland as CFO
Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P., announced today that Jan Rune Steinsland has been appointed the new Chief Financial Officer (CFO) of Teekay Offshore Group Ltd., a management services company that provides services to the Partnership’s subsidiaries (together with the Partnership, the Teekay Offshore Group) effective September 3, 2018. The Partnership’s interim CFO, Tim Cowan, will step down effective September 3, 2018, but will remain with the Partnership for a period of time to ensure a smooth transition.Steinsland brings approximately 30 years
Hundreds of Norway Oil Workers Go On Strike
would contact the unions before Sunday's strike escalation.Industri Energi, the union which represents the majority of Norwegian oil drilling workers, concluded a wage deal earlier this year with the Shipowners' Association and is not on strike.Output ImpactSafe said 106 workers from the Teekay Petrojarl production ship operating at Shell's Knarr field would walk out initially.Norway pumped 1.97 million barrels of oil and natural gas liquids a day in 2017, according to BP's Statistical Review published in June.Natural gas production was 123 billion cubic metres last year, BP reported
Teekay Offshore Partners Appoints Interim CFO
Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. announced that Tim Cowan join as Interim Chief Financial Officer of Teekay Offshore Group Ltd., a management services company that provides services to the Partnership’s subsidiaries while the company conducts a search for a permanent CFO.Cowan holds the position of Senior Vice President, Energy, at Brookfield Asset Management. Brookfield became a co-sponsor of the Partnership in September 2017, when it made a significant investment in the Teekay Offshore Group in order to acquire 60 percent of the outstanding common
Teekay Offshore CFO Wong to Step Down
Teekay Offshore Partners L.P. announced today that David Wong will step down from his position as Chief Financial Officer of Teekay Offshore Group Ltd. to commence a new opportunity outside of the Teekay organization.Wong, who joined Teekay Corporation in 2009 and has served as Teekay Offshore CFO since 2015, will continue with the Teekay until August to assist with the transition while a search for his replacement is conducted.
Changes at Teekay's top deck
Teekay Tankers Ltd. (Teekay Tankers or the Company) announced today the following changes to its Board Audit Committee: • Richard D. Paterson has been appointed as the new Chair of the Audit Committee, effective March 15, 2018. • William Lawes has stepped down as Audit Committee Chair, but remains on the Audit Committee and Board. Mr. Paterson joined the Board of Directors of Teekay Tankers on August 1, 2017. He is a certified public accountant who retired from PriceWaterhouseCoopers LLP (PwC) in 2011 after 37 years of service. At the time of his retirement, Mr. Paterson
Pankaj Khanna Appointed As CEO of Ocean Rig
2012. Mr. Khanna served as the Chief Operating Officer of DryShips, Inc. from March 2009 to October 2, 2012. Prior to joining DryShips, he served in C-Suite roles at Excel Maritime Carriers Ltd and Alba Maritime Services S.A. He has also served as Vice President of Strategic Development at Teekay Corporation, from 2001 to 2007. Prior to this, he served as a Senior Analyst at SSY Shipbrokers and worked on cargo ships as a deck officer. Khanna graduated from Blackpool and the Fylde College, Fleetwood Nautical Campus and also received a postgraduate diploma in International Trade
Andrade Named CFO at Teekay Tankers
Stewart Andrade has been appointed Chief Financial Officer of Teekay Tankers, succeeding Vince Lok who will remain Teekay Corporation’s Executive Vice President and Chief Financial Officer. Andrade joined Teekay in 2002 and has worked in several senior roles across the organization. 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, Andrade, a Canadian Chartered Professional Accountant, worked in Ernst and Young’s consulting practice providing
Murphy Takes Up Role as Chief Executive of IBIA
to 2015, Murphy was CEO of Brightoil Shipping, Singapore and Executive Director at HKSE listed Brightoil Petroleum (Holdings) Ltd, an Energy conglomerate with bunkering and ship owning divisions. Prior to that, Murphy held director and board positions at several firms involved in shipping, including Teekay, AET, and a stint as head of shipping at Macquarie Bank. His most recent role was as CEO at Acuity Shipping Limited in London, a company that helps ship owners and investors with strategies to boost the overall performance of their shipping investments. Murphy takes over for Captain Peter Hall
Tug Operators Plan Strike at Port Hedland
Tug boat operators plan short strike at top Australian iron ore port Tug boat engineers at Port Hedland, Australia's biggest iron ore port, plan to stop work for four hours on Nov. 12 over a pay dispute, threatening exports from BHP Billiton and Fortescue Metals Group , according to tug operator Teekay Shipping. The Australian Institute of Marine & Power Engineers (AIMPE) has given notice of the stoppage, Teekay said, adding that it exempted towage already under way. AIMPE Federal Secretary Martin Byrne said the action was aimed at having "minimal impact" on the port's users
Teekay Veteran Glendinning to Retire
Long-time Teekay leader David Glendinning, president of Teekay Gas Services, will retire December 17, 2015, after more than 28 years at Teekay. Stepping up to replace Glendinning is Mark Kremin, currently vice president in the same division, Teekay Corporation announced today. Kremin recently took over reporting line accountability for the Teekay gas operations team, and will complete the full handover of leadership accountabilities on Glendinning's retirement date. Glendinning joined Teekay in 1987 and has since held a number of senior positions, including Vice President, Marine and
Hvid to Take Over as Teekay President and CEO
Teekay Corporation’s board of directors has elected Kenneth Hvid to succeed current president and CEO, Peter Evensen, who will retire January 31, 2017 after more than 13 years with the company. Hvid is presently serving as president and CEO of Teekay Offshore Group Ltd. “Kenneth Hvid is the natural successor to Peter Evensen as CEO of Teekay at this time,” said Teekay's Chairman, Sean Day. “He has had multiple roles in his 16 years at Teekay, including leadership positions in offshore, LNG, tankers, strategy and operations, as well as having worked extensively in
