Teekay Offshore has appointed Jan Rune Steinsland as chief financial officer effective 3 September 2018. He will replace interim CFO Tim Cowan , who will remain with the company for a period to ensure a smooth transition.
Steinsland, who most recently served as the CFO of drilling contractor Songa Offshore, brings 30 years of energy and offshore industry experience with him.
“Jan Rune’s extensive financial experience gained through his role as CFO with several listed international companies and deep knowledge of the offshore energy industry makes him well-suited to serve as our CFO,” said Ingvild Saether, president and chief executive of Teekay Offshore.
Teekay Offshore recently went under the control of Canadian alternative asset manager Brookfield Business Partners.
Parent company Teekay Corp, a New York-listed diversified shipowner, will still have the right to appoint two board members as long as it owns at least 10% of the partnership’s outstanding common units.
Teekay Offshore Partners is structured as a publicly- traded master limited partnership with consolidated assets of approximately $5.7bn comprised of 62 offshore assets.
