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Teekay Corporation : Teekay Announces Senior Management Change

        Teekay Corporation : Teekay Announces Senior Management Change

HAMILTON, BERMUDA--(Marketwired - April 4, 2013) - Teekay Corporation (Teekay
or the Company) (NYSE: TK) announced that Geir Sekkesaeter, Senior Vice
President, Conventional Fleet Operations, and Head, Technical, Safety and
Quality, has decided to leave Teekay for personal reasons, effective as of
March 31, 2013.

Peter Evensen, Teekay's President and Chief Executive Officer said, "Geir
Sekkesaeter has played an important role in the operational life of Teekay
over the last few years." Mr. Evensen continued, "Geir led the marine
management team with great focus and determination. He was instrumental in the
successful recent establishment of the Teekay Marine Ltd. joint venture and
the transfer of ship management accountability into the Business Units. I
would like to thank him for his efforts and wish him well in his future
endeavors."

Geir Sekkesaeter said, "When I joined Teekay in 2008 I was excited not just to
work for an industry operational leader, but also to be involved in the
long-term development of the Teekay fleet operational strategy. It has been an
immensely enjoyable journey. Now is the right time to pursue new opportunities
where I can apply my operational and execution experience."

Mr. Sekkesaeter's responsibilities have been transferred to the respective
Business Unit Presidents of the Conventional, Shuttle, and Gas fleets, each of
whom is a member of the Teekay Senior Leadership Team.

About Teekay

Teekay Corporation is an operational leader and project developer in the
marine midstream space. Through its general partnership interests in two
master limited partnerships (MLPs), Teekay LNG Partners L.P. (NYSE: TGP) and
Teekay Offshore Partners L.P. (NYSE: TOO), its controlling ownership of Teekay
Tankers Ltd. (NYSE: TNK), and its fleet of directly-owned vessels, Teekay is
responsible for managing and operating consolidated assets of over $11
billion, comprised of approximately 170 liquefied gas, offshore, and
conventional tanker assets. With offices in 16 countries and approximately
6,400 seagoing and shore-based employees, Teekay provides a comprehensive set
of marine services to the world's leading oil and gas companies, and its
reputation for safety, quality and innovation has earned it a position with
its customers as The Marine Midstream Company.

Teekay's common stock is listed on the New York Stock Exchange where it trades
under the symbol "TK".

Contact Information

Contacts:
Teekay Corporation
Kent Alekson
Investor Relations Enquiries
+1 (604) 844-6654

Teekay Corporation
Priscilla Sharun
Media Relations Enquiries
+1 (604) 844-6631
www.teekay.com

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information contained therein.

Source: Teekay Corporation via Thomson Reuters ONE
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