Teekay Tankers Ltd. Announces Changes to Board of Directors
March 15, 2019 at 06:50 am EDT
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Teekay Tankers Ltd. announced the following changes to its Board of Directors: 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 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. Mr. Moller will remain a Director of Teekay Corporation. In addition, David Schellenberg, Director of Teekay, has been nominated to stand for election to join the Teekay Tankers Board effective at the company’s AGM on June 12, 2019. Mr. Schellenberg brings over 25 years of financial and operating leadership experience. Mr. Schellenberg is currently a Managing Director and Principal with Highland West Capital.
Teekay Tankers Ltd. is a provider of marine transportation to global oil industries. The Company is engaged in the business of owning and operating crude oil and product tankers. It provides vessel operation services for various vessels under the contracts with the Australian Government. Under these contracts the Company delivers all constituent support capabilities: vessel operations, engineering support, maintenance support, supply support, crewing and training and provide support services. The Company owns a fleet of approximately 45 double-hull tankers, including 25 Suezmax tankers, 10 Aframax tankers and nine LR2 product tankers. The Company also owns a very large crude carrier (VLCC) through a 50% owned joint venture. Its tanker segment consists of the operation of its tankers, including the operations from those tankers employed on full-service lightering contracts and the United State based ship-to-ship support service operations, including its lightering support services.