Teekay LNG Partners L.P.

Teekay LNG Partners L.P.

June 09, 2015 17:00 ET

Teekay LNG Partners Announces Changes to Board of Directors

HAMILTON, BERMUDA--(Marketwired - June 9, 2015) - Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) announced the following changes to Teekay LNG's Board of Directors:

  • Jane Hinkley has been appointed to the Chairmanship position succeeding C. Sean Day, who will remain a Director of Teekay LNG and Chairman of the Partnership's Sponsor, Teekay Corporation (Teekay) (NYSE:TK). Ms. Hinkley has been a Director of Teekay LNG for over 10 years and has extensive management and board experience in the shipping and oil and gas industry, including serving as the Managing Director of Navion Shipping AS, a shipping company at that time affiliated with Statoil ASA, and Chief Financial Officer and Managing Director of Gotaas-Larsen Shipping Corporation, an international provider of marine transportation services for crude oil and gas, and currently serves on the Board of Directors of Premier Oil plc and Vesuvius plc, both London Stock Exchange listed companies.
  • Vince Lok, Teekay's Executive Vice President and Chief Financial Officer and Teekay Tankers Ltd.'s (NYSE:TNK) Chief Financial Officer, has been appointed as a member of the Board of Directors replacing Kenneth Hvid, Teekay's Executive Vice President and Chief Strategy Officer, who will remain a Director of Teekay Offshore Partners L.P. (NYSE:TOO).

"I am very pleased that Ms. Hinkley is taking over the Chairmanship of Teekay LNG's Board of Directors," commented Mr. Day. "Since the Partnership's initial public offering in 2005, Ms. Hinkley has been instrumental in guiding Teekay LNG's growth strategy and building the Partnership into one of the world's largest independent owners and operators of LNG carriers."

Mr. Day added, "I would like to thank Mr. Hvid for his strong contribution to the leadership of Teekay LNG since April 2011, and welcome Mr. Lok to the Teekay LNG Board."

About Teekay LNG Partners L.P.

Teekay LNG Partners is one of the world's largest independent owners and operators of LNG carriers, providing LNG, LPG and crude oil marine transportation services primarily under long-term, fixed-rate charter contracts through its interests in 48 LNG carriers (including one LNG regasification unit and 19 newbuildings), 30 LPG/Multigas carriers (including three in-chartered LPG carriers and eight newbuildings) and eight conventional tankers. The Partnership's interests in these vessels range from 20 to 100 percent. Teekay LNG Partners L.P. is a publicly-traded master limited partnership (MLP) formed by Teekay Corporation (NYSE:TK) as part of its strategy to expand its operations in the LNG and LPG shipping sectors.

Teekay LNG Partners' common units trade on the New York Stock Exchange under the symbol "TGP".

Contact Information

  • For Investor Relations enquiries contact:
    Ryan Hamilton
    +1 (604) 844-6654