Teekay LNG Partners Announces Additions to Board of Directors
HAMILTON, BERMUDA--(Marketwire - Feb. 20, 2013) - Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE: TGP) announced that Mr. Joseph E. McKechnie has accepted an invitation to join Teekay LNG's Board of Directors, effective February 19, 2013.
Mr. McKechnie brings considerable experience in the gas business to the Teekay LNG Board. Mr. McKechnie is a retired United States Coast Guard Officer, having served for more than 23 years, many of which focused on marine safety and security with an emphasis on liquefied natural gas (LNG). Commencing in 2000, Mr. McKechnie held various positions with Tractebel LNG North America (formerly Cabot LNG) and its parent company GDF-SUEZ, including Deputy Head of the Shipping Department. Mr. McKechnie is a former member of the Board of Directors for the Society of International Gas Tankers and Terminal Operators (SIGTTO).
"Joseph McKechnie's extensive LNG industry experience will make him an invaluable member of Teekay LNG's Board of Directors as we continue to expand our LNG business," commented Mr. C. Sean Day, Chairman of Teekay LNG's Board of Directors.
In addition, Mr. Kenneth Hvid rejoined the board on February 19, 2013, after briefly resigning on September 14, 2012 to maintain a majority of independent directors. Mr. Hvid is the Chief Strategy Officer, Teekay Corporation (Teekay or the Company) (NYSE: TK). Mr. Hvid joined Teekay in 2000 and has held several positions including leading the procurement team, Senior Vice President of Teekay Gas Services, and President of Teekay Navion Shuttle Tankers and Offshore Services. Mr. Hvid has 24 years of global shipping experience, 12 of which were spent with A.P. Moller in Copenhagen, San Francisco and Hong Kong. In 2007, Mr. Hvid joined the board of Gard P. & I. (Bermuda) Ltd.
About Teekay LNG Partners L.P.
Teekay LNG Partners is the world's third largest independent owner and operator of LNG carriers, providing LNG, LPG and crude oil marine transportation services primarily under long-term, fixed-rate charter contracts with major energy and utility companies through its interests in 29 LNG carriers (including one LNG regasification unit and two newbuildings), 30 LPG/Multigas carriers (including five chartered-in LPG carriers and eight newbuildings) and 11 conventional tankers. The Partnership's interests in these vessels range from 33 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".
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