November 11, 2009
HAMILTON, BERMUDA–(Marketwire – Nov. 11, 2009) – Teekay Corporation (Teekay) (NYSE:TK) is pleased to announce that Graham Westgarth, President, Teekay Marine Services, was today elected Chairman of INTERTANKO – the International Association of Independent Tanker Owners.
Captain Westgarth has been an active member of INTERTANKO’s Council for the last nine years, has sat on the Executive Committee since 2006 and was previously elected Vice Chairman in 2009. More broadly, he has over 38 years of industry experience including 17 years at sea. As President of Teekay Marine Services at Teekay Corporation, Captain Westgarth is responsible for Teekay’s large fleet of owned and technically managed vessels, as well as over 5,500 staff at sea and onshore. The INTERTANKO Chairman is a non-executive position and Captain Westgarth will maintain his current role at Teekay.
Upon his election, Captain Westgarth spoke of the honour in taking on this representative role for the tanker industry. “INTERTANKO works extremely hard to ensure the voice of the industry is heard amongst all its stakeholders. This means highlighting the value we bring to society at large; as well as working cooperatively and proactively with legislative and industry bodies on continually striving for improved industry performance.” Captain Westgarth continued, “I am proud to be able to represent our industry through INTERTANKO because I believe the industry does a remarkable job in the safe and efficient delivery of the world’s energy. However, we still have much to do, and I will continue to commit my energy and passion into the work of the organisation.”
Bjorn Moller, Teekay’s Chief Executive Officer commented, “On behalf of everyone at Teekay I congratulate Graham Westgarth on being named the next Chairman of INTERTANKO. We are very proud that the world’s independent tanker owners have selected our colleague to hold this prestigious office.” Mr. Moller added, “I believe the members of INTERTANKO have chosen wisely as Graham is a true world leader in our industry. He has been pivotal in building and maintaining the highest standards of service, safety, and innovation at Teekay over the last 10 years and I know he will be just as successful in continuing to develop and drive the INTERTANKO mission. In addition, Captain Westgarth brings the combination of strategic vision, passion, and experience; attributes he will need in order to lead INTERTANKO forward at a time when our industry faces many important challenges. I know that Graham is looking forward to working with all industry stakeholders and I am confident that he will make a valuable contribution.”
Teekay Corporation transports more than 10 percent of the world’s seaborne oil, has built a significant presence in the liquefied natural gas shipping sector through its publicly-listed subsidiary, Teekay LNG Partners L.P. (NYSE:TGP), is further growing its operations in the offshore oil production, storage and transportation sector through its publicly-listed subsidiary, Teekay Offshore Partners L.P. (NYSE:TOO), and continues to expand its conventional tanker business through its publicly-listed subsidiary, Teekay Tankers Ltd. (NYSE:TNK). With a fleet of over 160 vessels, offices in 16 countries and 6,700 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world’s leading oil and gas companies, helping them seamlessly link their upstream energy production to their downstream processing operations. Teekay’s reputation for safety, quality and innovation has earned it a position with its customers as The Marine Midstream Company.
Teekay’s common stock is listed on the New York Stock Exchange where it trades under the symbol “TK”.
About Graham Westgarth
Graham Westgarth joined Teekay in February 1999, and as President of Teekay Marine Services is responsible for the day-to-day operations of the Teekay fleet. Graham’s mandate includes newbuildings, conversions, repair and maintenance, manning and training, procurement, marine, and most importantly, health, safety, environment, and quality of our fleet. He has over 38 years of industry experience, 17 of which were at sea, including five years command experience. Prior to joining Teekay, Graham spent 12 years with the Maersk Company heading up its UK flag fleet. During this period, he established and was the general manager of AP Moller’s FPSO operations in the UK sector of the North Sea. In 2006, Graham relocated to Norway for 8 months following Teekay’s acquisition of Petrojarl ASA, and as interim CEO, successfully led the company and integrated it into Teekay. Graham has held a number of Board positions over the years, has completed the Columbia Business School Senior Executive Development Program, and is currently a member of the INTERTANKO Executive Committee.
NOTE TO EDITORS: A photo of Captain Graham Westgarth is available on request.