The TK Foundation Appoints Former Teekay Executive, Bruce Chan, to Board

May 11, 2015

Nassau, Bahamas

The TK Foundation is pleased to announce the appointment of Bruce Chan to the Board of Directors of its trustee, the TK Trust Company Limited, subject to approval of the Central Bank of The Bahamas. The TK Foundation is the only client of the TK Trust Company Limited and both are herein referred to as the TK Foundation.

“The TK Foundation continues to commemorate and uphold the values of the late Torben Karlshoej by serving as a strong funding vehicle for non-profit organizations that support disadvantaged youth development and maritime programs,” says Arthur F. Coady, Chairman. “We are focused on the future and ensuring we continue to have an effective and lasting impact on recipients. Mr. Chan’s experience aligns with our areas of focus and supports our long-term strategy.”

Bruce Chan, a Chartered Accountant and Chartered Financial Analyst, is a Portfolio Manager with Anglemont Financial Services, an affiliate of the Kattegat Trust, a charitable trust endowed by Mr. Karlshoej. Mr. Chan joined Anglemont Financial Services following 20 years with Teekay Corporation (NYSE:TK) where he held a number of broad-based senior roles. Prior to his time with Teekay Corporation, Mr. Chan was with Ernst & Young LLC. He holds a Masters in Business Administration, serves on the Board of British Columbia Ferry Service, the second largest ferry operator in the world, and is active on not-for-profit boards.

Mr. Chan joins Board members, Mr. Coady, Susan Karlshoej, Captain Kuba Szymanski and Jeff Schaffer.

About the TK Foundation

The TK Foundation is an independent, private, grant-making foundation supporting non-profit maritime and disadvantaged youth development programs. It was established in honor of J. Torben Karlshoej, founder of the Teekay Shipping Group (now Teekay Corporation). Since its inception in 2002, the Foundation’s grants of $41 million have helped provide valuable research, health care, facilities, education and other development opportunities in its areas of focus.

Information Contact

Susan Karlshoej
Managing Director, The TK Foundation
+1 (242) 502‐8935 (Bahamas)