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Teekay Gas Services to appoint new President

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LNG Industry,

Teekay Corp. has announced that David Glendinning, the President of Teekay Gas Services, will retire on 17 December 2015. This will conclude Glendinning’s 28 years at the company. Mark Kremin, who is currently the Vice President of Teekay Gas Services, will take over from Glendinning. Kremin has been a key figure in expanding Teekay’s gas operations through the NYSE-listed Teekay LNG Partners LP, where he worked alongside Glendinning.

Teekay’s President and CEO, Peter Evensen, said: “It will be a bittersweet day to say goodbye to David in December. We will all miss his energy and drive and commitment to Teekay. David is often referred to as Mr. Teekay. His enthusiasm and deep knowledge of the marine markets – and of Teekay – will be sorely missed.

"However, after 28 years of Teekay service, and more than 45 years in the industry, at sea and on shore, David deserves a long and happy retirement. On behalf of everyone at Teekay – past and present – we wish him well.

"Mark is a highly experienced gas business leader. He has led the project development of many of TGP's largest and most successful growth investments […] I have no doubt he will take up the gas leadership mantle from David and take that business forward with great success."

Glendinning said: “I consider myself to be very lucky to have participated in the long and continued successful growth of Teekay. When I began with the company in 1987, we were a small team of managers under Founder Torben Karlshoej's astute leadership, operating a small fleet of oil tankers in the Pacific basin. Now, we have diversified and grown incredibly, and the last 12 years of leading the gas business has been most enjoyable – and successful! I know Mark will continue that success.”

This is just one of many changes made throughout Teekay Corp., as, in June 2015, several new appointments were made to the Teekay LNG board.

Edited from press release by David Rowlands

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