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Teekay GP LLC announces changes to board of directors

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LNG Industry,

Teekay GP LLC, the general partner of Teekay LNG Partners L.P., has released a statement announcing a number of changes to its board of directors.

Effective immediately, Alan Semple, David Schellenberg, Richard Paterson and Sylvia Barnes will be joining the board. Current director Kenneth Hvid, meanwhile, will become the Chair of the Board. Hvid is also the President and CEO of Teekay Corp., which owns the company.

Semple, Paterson, and Barnes will serve on the company’s audit committee, which will be chaired by Semple. Paterson and Barnes will also serve on the board’s conflicts committee, which will be chaired by Paterson. Barnes and Paterson will also serve on the board’s governance committee, which will be chaired by Barnes.

Hvid said: “Alan, David, Richard, and Sylvia bring a wealth of operational and financial expertise to Teekay LNG Partners.

“We are very pleased that they have all agreed to join the board, and we look forward to their contributions as we continue to execute on Teekay LNG’s strategy in the years to come.”

In connection with these new appointments, the company claims that Ida Jane Hinkley, Joseph McKechnie and Beverlee Park, have stepped down from the board, also effective immediately.

As previously announced, Teekay GP LLC Director William (‘Bill’) P. Utt will be stepping down from the board, effective 10 June 2019. Director C. Sean Day, meanwhile, will remain on the board.

Hvid added: “Jane, Joe and Bev have made valuable contributions to the success of Teekay LNG during their tenure. On behalf of Teekay LNG, we are grateful for their years of service and dedication. I look forward to working with our new directors, Sean Day and the management team on the next phase for Teekay LNG as we complete the delivery of our remaining newbuildings this year.”

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