Board Changes at Teekay Corporation

March 15, 2018

Teekay Corporation announced changes to its Board of Directors.

Alan Semple has been appointed as the new Chair of the Audit Committee following the retirement of Eileen A. Mercier effective March 12, 2018.

Semple joined the Teekay Board and its Audit Committee in 2015. He has over 30 years of finance and energy industry experience, including as Director and Chief Financial Officer at John Wood Group PLC until his retirement in May 2015. Semple currently also serves on the Board of Cobham PLC, where he is the Chair of its Audit Committee.

Mercier was Audit Committee Chair and served for 17 years as a member of the Board of Directors.

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