Teekay LNG Partners Announces CFO Transition

Teekay LNG Partners L.P. has announced that Brody Speers, the current Chief Financial Officer (CFO) of Teekay Gas Group Ltd., a management services company that provides services to the Partnership and its subsidiaries, has been appointed as Vice President, Corporate Finance, of Teekay Shipping (Canada) Ltd. (Teekay) and Scott Gayton, who currently serves as a Vice President at Teekay, has been appointed to assume the CFO position from Mr. Speers.

Gayton brings over 20 years of finance and accounting experience, including most recently serving as CFO of Tanker Investments Ltd. from the time of its initial public offering until its merger with Teekay Tankers Ltd. (NYSE:TNK).  Gayton will also continue to oversee capital markets transactions across the Teekay Group.

Mark Kremin, President and CEO of Teekay Gas Group Ltd. commented, “I would like to thank Brody for his dedication to Teekay LNG and particularly his instrumental role in the successful financing of the Partnership’s market-leading newbuilding program.  I wish him continued success in the transition to his new role where he will serve as a key member of Teekay’s finance team.  At the same time, I look forward to working with Scott as we continue executing on Teekay LNG’s strategic plan.”