Teekay Announces Senior Management Appointments

(Press Release)
Friday, January 14, 2011

Teekay Corporation (Teekay or the Company) (NYSE:TK) announced that its current President of its Shuttle Tanker and FSO business unit, Kenneth Hvid, has been appointed to the position of Executive Vice President and Chief Strategy Officer effective April 1, 2011. In his new role, Mr. Hvid will be located in Vancouver, Canada and will be succeeding Peter Evensen, who will take over as Teekay's President and Chief Executive Officer in April 2011 as a result of the previously announced retirement of Bjorn Moller.Mr. Hvid joined Teekay in 2000 from A.P. Moller, and was responsible for leading the Company's global procurement activities until he was promoted in 2004 to Senior Vice President, Teekay Gas Services. During this time, Mr. Hvid was involved in leading Teekay's entry and growth in the LNG business. In 2006, he was appointed to his current role as President, Teekay Navion Shuttle Tankers and Offshore.Mr. Evensen commented, "Kenneth has done an extraordinary job in growing our shuttle tanker and FSO activities and in positioning the Stavanger-based business unit for the future. With his broad expertise, natural leadership skills and strategic mindset, Kenneth is the ideal candidate to lead Teekay's strategic initiatives."

Ingvild Sæther has been appointed Mr. Hvid's successor as President, Teekay Navion Shuttle Tankers and Offshore effective April 1, 2011. Ms. Sæther joined Teekay in 2002 as part of the Company's acquisition of Navion from Statoil. She held various management positions in Teekay's conventional tanker business unit before she was appointed Vice President, Teekay Navion Shuttle Tankers in 2007, with commercial responsibility for Teekay's shuttle tanker activities in the North Sea."Ingvild has been instrumental in managing the growth of our North Sea activities including the recent successful contracting of our new generation shuttle tankers and is the natural successor as President of Teekay's Shuttle Tanker and FSO business unit," commented Mr. Evensen. "She is a visionary leader with passion for her work and extensive shipping experience. She has worked closely alongside Kenneth for the last few years which will ensure a seamless leadership transition."

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Fleet Pro to Manage Haimark Cruise Ship

FleetPro says it will manage the technical and hotel operational services of Haimark Line's newly acquired MS Saint Laurent” from May 3rd, 2015. Haimark Line,

Suez Canal 5-Year Investment Promises 12%

Banque du Caire received Suez Canal investment certificates on Tuesday, according to an official source at the bank, and the certificates will probably be available

Scottish Independence Vote Worries Shipping Industry

If the Scots vote for independence in September's referendum, it could hit the country's shipping and offshore maritime sector, according to a survey by leading

Tanker Trends

MOL & Viken in Shuttle Tanker Ownership J/V

Mitsui O.S.K. Lines, Ltd. (MOL) says it has decided to establish a ship-owning joint venture with Norway's Viken Shipping AS  to participate in a shuttle tanker project.

Newbuilding Orders: Summer Lethargy Lingers

Despite some anticipation in increased activity as the summer holidays come to an end, there are just two orders to report this week both focused on the more specialised markets,

Algeria in Talks to Export Crude to Venezuela

Algeria is in talks to export crude oil to fellow OPEC member Venezuela, Algerian Energy Minister Youcef Yousfi said on Tuesday, confirming a Reuters report. Last week,

People in the News

Power of Siberia construction launched

Yakutsk hosted today celebrations dedicated to welding the first joint of the Power of Siberia gas transmission system (GTS) meant to be a crucial element of

Newport International Boat Show Highlights

Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today activities and amenities for those planning to attend its 44th boat show season,

Shell CEO: US Should Export Oil, Embrace Global Markets

The head of energy company Royal Dutch Shell said on Tuesday that U.S. policymakers should lift the crude oil export ban because allowing the shipments would make global energy system more stable.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1254 sec (8 req/sec)