Teekay Corporation announced Vince Lok's retirement as Teekay's Executive Vice President, effective January 1, 2023, after nearly 30 years with the Company, including the past 16 years as Teekay's Group CFO. Upon Mr. Lok's retirement, Mr. Brody Speers, Vice President, Finance & Treasurer, will be assuming Mr. Lok's responsibilities, along with continuing to oversee Teekay's Finance, Accounting and Tax teams. Mr. Lok has agreed to stay on as an advisor through the end of 2023 to help ensure a smooth transition as well as support the Company's strategic initiatives. Brody Speers joined Teekay in 2008 and has served in several senior financial positions in Teekay's Finance, Accounting and Strategic Development departments, working alongside Vince Lok for most of the past 14 years.

This includes serving as Chief Financial Officer for Teekay LNG Partners LP (now Seapeak LLC) in 2017 and 2018, and more recently as Teekay's Vice President, Finance and Treasurer overseeing the Finance, Accounting and Tax teams for the Company. Prior to joining Teekay, Mr. Speers worked as a Chartered Professional Accountant for an accounting firm in Vancouver, Canada. Mr. Speers is also a Chartered Business Valuator.