Teekay Offshore Partners Announces Changes to Board of Directors
08 Luglio 2019 - 10:15PM
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership)
(NYSE:TOO) announced today the following change to the Board of
Directors of Teekay Offshore GP LLC (TOO GP), the general partner
of the Partnership:
- Brookfield Business Partners L.P. (Brookfield Business
Partners) (NYSE:BBU) (TSX:BBU.UN), together with its institutional
partners (collectively Brookfield), appointed Gregory Morrison
as a member of the TOO GP Board of Directors, replacing Walter
Weathers, who was appointed by Brookfield in September
2017.
“On behalf of our board and leadership team, I
want to welcome Greg to the board. We look forward to leveraging
his expertise and experience as we continue to develop the
Partnership strategies. At the same time, we thank Walter for his
contributions to the board over the last two years,” commented Bill
Utt, TOO GP’s Chairman.
Gregory Morrison has more than 35 years of
experience in the insurance and reinsurance industries. He served
as CEO of Trisura Group Ltd. (TSX:TSU) and Platinum Underwriters
Holdings Ltd., previously traded on the NYSE, both multi-line
insurance and reinsurance companies. Mr. Morrison also served
as CEO of London Reinsurance Group Inc. and Imagine Group Holdings
Ltd, reinsurers in the life and property casualty markets. Mr.
Morrison currently sits on a number of boards including Trisura
Group Ltd., Aetna Life & Casualty (Bermuda) Limited, Weston
Insurance Holdings Corporation, Aspen Bermuda Limited, Multi-Strat
Holdings and various international subsidiaries of Brookfield Asset
Management. He is a Fellow of the Society of Actuaries (retired)
and is an active member of various audit and risk committees.
About Teekay Offshore
Teekay Offshore Partners L.P. is a leading
international midstream services provider to the offshore oil
production industry, primarily focused on the ownership and
operation of critical infrastructure assets in offshore oil regions
of the North Sea, Brazil and the East Coast of Canada. Teekay
Offshore has consolidated assets of approximately $5.2 billion,
comprised of 57 offshore assets, including floating production,
storage and offloading (FPSO) units, shuttle tankers (including six
newbuildings), floating storage and offtake (FSO) units,
long-distance towing and offshore installation vessels, and a unit
for maintenance and safety (UMS). The majority of Teekay Offshore’s
fleet is employed on medium-term, stable contracts.
Teekay Offshore's common units and preferred
units trade on the New York Stock Exchange under the symbols "TOO",
"TOO PR A", "TOO PR B" and “TOO PR E”, respectively.
For Investor Relations enquiries
contact:
Jan Rune SteinslandTel: +47 5144 2826Website:
www.teekayoffshore.com
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