Altera Infrastructure GP L.L.C. Announces a Change to its Board of Directors
18 June 2020 - 9:30PM
Altera Infrastructure GP L.L.C. (ALIN GP), the general partner of
Altera Infrastructure L.P. (Altera Infrastructure or the
Partnership), announced the following change to its Board of
Directors (the Board), which was first indicated on January 23,
2020:
- Kenneth Hvid, Board member and President & Chief Executive
Officer of Teekay Corporation, has retired from the Board,
effective June 17, 2020.
“On behalf of the Board and leadership team, I
want to thank Kenneth for his dedicated service, and his many
contributions, during his tenure on the Board. Kenneth’s support
has been invaluable during the transition to Brookfield’s ownership
of the Partnership. We will miss his wise counsel, going forward,”
commented Bill Utt, Chairman of the Board.
About Altera Infrastructure
Altera Infrastructure is a leading global energy
infrastructure services partnership primarily focused on the
ownership and operation of critical infrastructure assets in
offshore oil regions of the North Sea, Brazil, and the East Coast
of Canada.
Altera Infrastructure has consolidated assets of
approximately $5.2 billion, comprised of 56 offshore assets,
including floating production, storage and offloading (FPSO) units,
shuttle tankers (including five new builds), floating storage and
offtake (FSO) units, long-distance towing and offshore installation
vessels and a unit for maintenance and safety (UMS). The majority
of Altera Infrastructure’s fleet is employed on medium-term, stable
contracts. Affiliates of global asset manager Brookfield Business
Partners L.P. (NYSE: BBU) (TSX: BBU.UN) own 100 percent of Altera
Infrastructure’s general partner.
Altera Infrastructure’s preferred units trade on
the New York Stock Exchange under the symbols “ALIN PRA”, “ALIN
PRB” and “ALIN PRE”, respectively.
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For Investor Relations enquires contact: Jan Rune
Steinsland, Chief Financial Officer Tel: +47 97 05 25 33
E-mail: investor.relations@alterainfra.com |
For Media enquires contact: Axel Wiedenmann,
Director Communications Tel: +47 95 16 30 22 E-mail:
media@alterainfra.com |
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