Teekay Tankers Announces New CEO
HAMILTON, BERMUDA -- (Marketwired) -- 05/28/14 -- Teekay Tankers
Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today announced the
appointment of Mr. Kevin J. Mackay as Chief Executive Officer (CEO)
of Teekay Tankers, effective June 20, 2014.
Mr. Mackay will join Teekay Tankers from Phillips 66 Corporation
(Phillips 66), where he is currently head of the global marine
business unit for this industry-leading downstream company. In this
role, he is responsible for all aspects of marine transportation,
including chartering, operations, demurrage, strategy & freight
trading, business improvement and marine risk management. He held a
similar role as the General Manager, Commercial Marine at
ConocoPhillips from 2009 to 2012 before the formation of Phillips 66.
Mr. Mackay started his career working for Neptune Orient Lines in
Singapore from 1991 to 1995. He then joined AET Inc. Limited (AET)
(formerly American Eagle Tankers Inc.) in Houston, where he
ultimately was the Regional Director - Americas, Senior Vice
President, responsible for AET's business in the Americas, including
commercial and business development, operations, technical, finance
and human resources.
Mr. Mackay holds a B.Sc. (Econ) Honours from the London School of
Economics & Political Science. He has extensive international
experience, having lived in Japan, Singapore, London and Houston.
"The Board is very pleased to welcome Kevin Mackay as the new CEO of
Teekay Tankers," commented Arthur Bensler, Teekay Tankers' Chairman.
"Mr. Mackay is a seasoned industry professional with the experience
and skill sets to effectively lead Teekay Tankers in its next growth
phase. At Teekay Tankers, we work hard to develop and deepen
long-term partnerships with our customers. Kevin's current experience
at Phillips 66 as well as his previous extensive international
experience, will ensure Teekay Tankers continues to focus on our
Mr. Mackay commented, "Teekay Tankers is a well-established leader in
the tanker business and I have followed its performance closely over
the years. I am excited to be given the opportunity to lead the
Teekay Tankers team. Their well-deserved reputation for operational
excellence and customer focus puts us in a great position to take
advantage of a tanker market recovery."
Mr. Mackay will be relocating to Vancouver in the coming weeks to
effect the transition of leadership from the current CEO, Bruce Chan,
who has resigned effective June 20, 2014.
About Teekay Tankers Ltd.
Teekay Tankers currently owns a fleet of 27 double-hull vessels,
including 11 Aframax tankers, 10 Suezmax tankers, three Long Range 2
(LR2) product tankers, three Medium-Range (MR) product tankers and
has one time-chartered in Aframax tanker, all of which vessels an
affiliate of Teekay Corporation (NYSE: TK) manages 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 minority interest in Tanker Investments Ltd.
(OSLO: TIL). Teekay Tankers was formed in December 2007 by Teekay
Corporation as part of its strategy to expand its conventional oil
Teekay Tankers' common stock trades on the New York Stock Exchange
under the symbol "TNK".
Teekay Tankers Ltd. - Investor Relations Enquiries
+1 (604) 609-2963
Teekay Tankers Ltd. - Media Relations Enquiries
+1 (604) 844-6631
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