By Tess Stynes
Teekay Tankers Ltd. (TNK) appointed Phillips 66 (PSX) executive
Kevin. J. Mackay as its new chief executive, succeeding Bruce Chan
when he steps down next month.
Mr. Mackay currently heads Phillips 66's global marine business,
responsible for all aspects of marine transportation. He had a
similar role with ConocoPhillips (COP) from 2009 to 2012 before the
exploration-and-production company spun off its refining arm as
Phillips 66.
In late January, Mr. Chan announced his plans to step down after
more than 18 years with the company.
Teekay Tankers belongs to a group of companies led by Teekay
Corp. (TK), which provide marine-transportation services to the
petroleum industry.
Several years ago Teekay Corp. spun off various operations into
separate publicly traded companies, each with a focus on a
different area of the tanker sector, including Teekay LNG Partners
LP (TGP), Teekay Tankers and Teekay Offshore Partners LP (TOO).
Write to Tess Stynes at tess.stynes@wsj.com
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