Teekay Corporation announced that Executive Vice President, Innovation, Technology and Projects, Graham Westgarth, has informed the company of his intention to resign from his position effective December 31, 2012, after more than 13 years of service with the company. Mr. Westgarth joined the company in 1999 as Vice President, Marine Operations. In 2003, Mr. Westgarth was appointed President of Teekay Marine Services division, with a responsibility for the marine and technical operations of Teekay's fleet, and also newbuild construction.

During this time, Mr. Westgarth was the elected Chairman of the International Association of Independent Tanker Owners (INTERTANKO). In 2011, he assumed his new role as Executive Vice President for Innovation, Technology and Projects. Mr. Westgarth has 40 years of industry experience, which includes 18 years of sea service, with five years in a command position.

The company has appointed Chief Strategy Officer and Executive Vice President, Kenneth Hvid to assume Mr. Westgarth's portfolio of responsibilities.