Teekay Corporation

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Press Release $TK Teekay Corporation

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Teekay Announces Senior Management Change

HAMILTON, BERMUDA--(Marketwired - April 4, 2013) - Teekay Corporation (Teekay or
the Company) (NYSE: TK) announced that Geir Sekkesaeter, Senior Vice President,
Conventional Fleet Operations, and Head, Technical, Safety and Quality, has
decided to leave Teekay for personal reasons, effective as of March 31, 2013.

Peter Evensen, Teekay's President and Chief Executive Officer said, "Geir
Sekkesaeter has played an important role in the operational life of Teekay over
the last few years." Mr. Evensen continued, "Geir led the marine management team
with great focus and determination. He was instrumental in the successful recent
establishment of the Teekay Marine Ltd. joint venture and the transfer of ship
management accountability into the Business Units. I would like to thank him for
his efforts and wish him well in his future endeavors."

Geir Sekkesaeter said, "When I joined Teekay in 2008 I was excited not just to
work for an industry operational leader, but also to be involved in the long-
term development of the Teekay fleet operational strategy. It has been an
immensely enjoyable journey. Now is the right time to pursue new opportunities
where I can apply my operational and execution experience."

Mr. Sekkesaeter's responsibilities have been transferred to the respective
Business Unit Presidents of the Conventional, Shuttle, and Gas fleets, each of
whom is a member of the Teekay Senior Leadership Team.

About Teekay

Teekay Corporation is an operational leader and project developer in the marine
midstream space. Through its general partnership interests in two master limited
partnerships (MLPs), Teekay LNG Partners L.P. (NYSE: TGP) and Teekay Offshore
Partners L.P. (NYSE: TOO), its controlling ownership of Teekay Tankers Ltd.
(NYSE: TNK), and its fleet of directly-owned vessels, Teekay is responsible for
managing and operating consolidated assets of over $11 billion, comprised of
approximately 170 liquefied gas, offshore, and conventional tanker assets. With
offices in 16 countries and approximately 6,400 seagoing and shore-based
employees, Teekay provides a comprehensive set of marine services to the world's
leading oil and gas companies, and its reputation for safety, quality and
innovation has earned it a position with its customers as The Marine Midstream

Teekay's common stock is listed on the New York Stock Exchange where it trades
under the symbol "TK".

Contact Information

Teekay Corporation
Kent Alekson
Investor Relations Enquiries
+1 (604) 844-6654

Teekay Corporation
Priscilla Sharun
Media Relations Enquiries
+1 (604) 844-6631

This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
    other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
     originality of the information contained therein.

Source: Teekay Corporation via Thomson Reuters ONE

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