TEEKAY Tankers has announced changes to the company’s board, with Mr Sai W Chu stepping up to fill a vacancy created by the resignation of Richard Paterson.
Mr Paterson, an independent director, has stepped down to join the board of Teekay GP, the general partner of Teekay LNG Partners.
Mr Chu, who is an independent director, is to chair the company’s Audit Committee.
“Sai brings a wealth of financial and shipping expertise to Teekay Tankers,” said board chair Arthur Bensler.
“We are very pleased that he has agreed to join our board, and we look forward to his contribution as we continue to execute on our strategy in the years to come,” he said.
“Richard has made an invaluable contribution during his tenure. On behalf of the company, we are grateful for his service and dedication to TNK and look forward to continuing to work with Richard on the TGP board.”
Mr Chu is said to bring extensive financial experience with more than 30 years of finance, operations and strategy experience primarily with public companies in shipping and specialty finance.
From 2007 to 2015, he was chief financial officer of Seaspan Corporation, a containership lessor, and from 2004 to 2007 he served in several financial roles within its related companies.
Mr Chu is a member of the Institute of Chartered Professional Accountants of Canada.
Teekay Tankers currently owns a fleet of 56 double-hull tankers, including 30 Suezmax tankers and 17 Aframax tankers.