Teekay Tankers Announces Changes to Board Audit Committee
March 16 2018 - 4:45PM
Teekay Tankers Ltd. (Teekay Tankers or the Company)
(NYSE:TNK) announced today the following changes to its Board Audit
Committee:
- Richard D. Paterson has been appointed as the new Chair of the
Audit Committee, effective March 15, 2018.
- William Lawes has stepped down as Audit Committee Chair, but
remains on the Audit Committee and Board.
Mr. Paterson joined the Board of Directors of
Teekay Tankers on August 1, 2017. He is a certified public
accountant who retired from PriceWaterhouseCoopers LLP (PwC) in
2011 after 37 years of service. At the time of his
retirement, Mr. Paterson served as the global leader of PwC’s
Consumer, Industrial Products and Services Practices comprising the
automotive, consumer and retail, energy utilities and mining,
industrial products, pharmaceutical and health industry
sectors.
Mr. Lawes joined the Board of Directors of
Teekay Tankers in 2008. He also served as Audit Committee Chairman
on the Board of Tanker Investments Ltd. from 2014 until its merger
with Teekay Tankers in November 2017.
“I would like to thank Bill for chairing Teekay
Tankers' Audit Committee for the past 10 years. I know he will
continue to add value as a Committee and Board member,” commented
Mr. Arthur Bensler, Teekay Tankers’ Chairman of the Board. “On
behalf of the Board, I look forward to working closely with Rich as
he steps into the Audit Committee Chair role, and continuing to
benefit from his extensive financial and energy industry
experience.”
About Teekay Tankers
Teekay Tankers currently owns a fleet of 52 double-hull tankers,
including 26 Suezmax tankers, 17 Aframax tankers, and nine Long
Range 2 (LR2) product tankers, and has four capital leased Suezmax
tankers and one contracted time charter-in vessel. Teekay Tankers’
vessels are employed 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
ship-to-ship transfer business. 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.”
For Investor Relations enquiries
contact:
Ryan HamiltonTel: +1 (604) 609-2963Website:
www.teekay.com
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