Chief financial officer of Teekay Offshore Group to step down

A chief financial officer of Teekay Offshore Partners L.P. will be stepping down from his position as the chief financial officer of Teekay Offshore Group.

Teekay said that David Wong, CFO of Teekay Offshore Partners L.P., would continue to work at the company until August to assist with the transition while a search for his replacement was conducted.

According to the company, Wong will leave Teekay to begin a new opportunity outside the organization.

Ingvild Sæther, president and CEO of Teekay Offshore Group Ltd. said: “On behalf of our board and leadership team, I want to thank David for his service and dedication to Teekay Offshore and his efforts during the Partnership’s transition from project execution, in a challenging market environment, to now as we begin generating cash flows from our recently-completed growth projects.”

David Wong was appointed as the CFO of Teekay Offshore Group Ltd., a company that provides services to Teekay Offshore Partners L.P. and its subsidiaries, in 2015. He joined the Teekay Corporation in 2009 and has served in a number of financial positions including MLP controller and vice president of accounting.

Wong also served from 2011 to 2014 on the board of Vancouver City Savings Credit Union. Before joining Teekay, he worked for 13 years at BC Hydro, Canada’s third-largest electric utility, in various financial positions including chief accounting officer and CFO and VP Finance of Powerex Corp., the energy trading and marketing subsidiary of BC Hydro.

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