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Teekay Gas Services President to Retire; Successor Named

Share Print Bookmark    |    Friday,October 09,2015

Teekay Corporation announced that long-time Teekay leader David Glendinning, President, Teekay Gas Services, has decided to retire, as of December 17, 2015, after more than 28 years at Teekay.

Stepping up to replace Mr. Glendinning is Mark Kremin, currently Vice President, Teekay Gas Services. Mr. Kremin recently took over reporting line accountability for the Teekay gas operations team, and will complete the full handover of leadership accountabilities on Mr. Glendinning's retirement date.

Peter Evensen, Teekay's President and Chief Executive Officer said, "It will be a bittersweet day to say goodbye to David in December. We will all miss his energy and drive and commitment to Teekay. David is often referred to as Mr. Teekay. His enthusiasm and deep knowledge of the marine markets - and of Teekay - will be sorely missed.

"However, after 28 years of Teekay service, and more than 45 years in the industry, at sea and on shore, David deserves a long and happy retirement. On behalf of everyone at Teekay - past and present - we wish him well."

Mr. Glendinning commented, "I consider myself to be very lucky to have participated in the long and continued successful growth of Teekay. When I began with the company in 1987, we were a small team of managers under Founder Torben Karlshoej's astute leadership, operating a small fleet of oil tankers in the Pacific basin. Now, we have diversified and grown incredibly, and the last 12 years of leading the gas business has been most enjoyable - and successful! I know Mark will continue that success."

Mr. Glendinning's successor, Mark Kremin, has been with Teekay since 2000 and has been instrumental in the growth of Teekay's gas business through the NYSE-listed Teekay LNG Partners L.P. (TGP), working alongside Mr. Glendinning.

Evensen adds: "Mark is a highly experienced gas business leader. He has led the project development of many of TGP's largest and most successful growth investments. I have no doubt he will take up the gas leadership mantle from David and take that business forward with great success."