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 served as the global leader of PwC’s Consumer, Industrial Products and Services Practices comprising the automotive, consumer and retail, energy utilities and mining, industrial products, pharmaceutical and health industry sectors. 

Mr. Lawes joined the Board of Directors of Teekay Tankers in 2008. He also served as Audit Committee Chairman on the Board of Tanker Investments Ltd. from 2014 until its merger with Teekay Tankers in November 2017.

“I would like to thank Bill for chairing Teekay Tankers' Audit Committee for the past 10 years. I know he will continue to add value as a Committee and Board member,” commented Mr. Arthur Bensler, Teekay Tankers’ Chairman of the Board. “On behalf of the Board, I look forward to working closely with Rich as he steps into the Audit Committee Chair role, and continuing to benefit from his extensive financial and energy industry experience.”