Teekay Tankers Announces New CEO
May 28 2014 - 8:00AM
Marketwired
Teekay Tankers Announces New CEO
HAMILTON, BERMUDA--(Marketwired - May 28, 2014) - Teekay Tankers
Ltd. (Teekay Tankers or the Company) (NYSE:TNK)
today announced the appointment of Mr. Kevin J. Mackay as Chief
Executive Officer (CEO) of Teekay Tankers, effective June
20, 2014.
Mr. Mackay will join Teekay Tankers from Phillips 66 Corporation
(Phillips 66), where he is currently head of the global
marine business unit for this industry-leading downstream company.
In this role, he is responsible for all aspects of marine
transportation, including chartering, operations, demurrage,
strategy & freight trading, business improvement and marine
risk management. He held a similar role as the General Manager,
Commercial Marine at ConocoPhillips from 2009 to 2012 before the
formation of Phillips 66.
Mr. Mackay started his career working for Neptune Orient Lines
in Singapore from 1991 to 1995. He then joined AET Inc. Limited
(AET) (formerly American Eagle Tankers Inc.) in Houston,
where he ultimately was the Regional Director - Americas, Senior
Vice President, responsible for AET's business in the Americas,
including commercial and business development, operations,
technical, finance and human resources.
Mr. Mackay holds a B.Sc. (Econ) Honours from the London School
of Economics & Political Science. He has extensive
international experience, having lived in Japan, Singapore, London
and Houston.
"The Board is very pleased to welcome Kevin Mackay as the new
CEO of Teekay Tankers," commented Arthur Bensler, Teekay Tankers'
Chairman. "Mr. Mackay is a seasoned industry professional with the
experience and skill sets to effectively lead Teekay Tankers in its
next growth phase. At Teekay Tankers, we work hard to develop and
deepen long-term partnerships with our customers. Kevin's current
experience at Phillips 66 as well as his previous extensive
international experience, will ensure Teekay Tankers continues to
focus on our customers' needs."
Mr. Mackay commented, "Teekay Tankers is a well-established
leader in the tanker business and I have followed its performance
closely over the years. I am excited to be given the opportunity to
lead the Teekay Tankers team. Their well-deserved reputation for
operational excellence and customer focus puts us in a great
position to take advantage of a tanker market recovery."
Mr. Mackay will be relocating to Vancouver in the coming weeks
to effect the transition of leadership from the current CEO, Bruce
Chan, who has resigned effective June 20, 2014.
About Teekay Tankers Ltd.
Teekay Tankers currently owns a fleet of 27 double-hull vessels,
including 11 Aframax tankers, 10 Suezmax tankers, three Long Range
2 (LR2) product tankers, three Medium-Range (MR)
product tankers and has one time-chartered in Aframax tanker, all
of which vessels an affiliate of Teekay Corporation (NYSE:TK)
manages through a mix of short- or medium-term fixed-rate
time-charter contracts and spot tanker market trading. The Company
also owns a Very Large Crude Carrier (VLCC) through a 50
percent-owned joint venture. In addition, Teekay Tankers owns a
minority interest in Tanker Investments Ltd. (OSLO:TIL). Teekay
Tankers was formed in December 2007 by Teekay Corporation as part
of its strategy to expand its conventional oil tanker business.
Teekay Tankers' common stock trades on the New York Stock
Exchange under the symbol "TNK".
Teekay Tankers Ltd. - Investor Relations EnquiriesRyan
Hamilton+1 (604) 609-2963Teekay Tankers Ltd. - Media Relations
EnquiriesPriscilla Sharun+1 (604) 844-6631www.teekaytankers.com
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