Altera Infrastructure GP welcomes Ingvild Sæther and Benedicte Bakke Agerup to its Board of Directors

– BERMUDA, Hamilton –  Altera Infrastructure GP L.L.C. (NYSE: ALIN), the general partner of Altera Infrastructure L.P. today announced the appointments of Ingvild Sæther, President and CEO of Altera Infrastructure Group Ltd., and Benedicte Bakke Agerup to its Board of Directors effective immediately, increasing the size of the Board to ten directors.

Ms. Bakke Agerup will join the Audit and Conflicts Committees.

“On behalf of the Board and leadership team, I want to welcome Ingvild and Benedicte to the Board. We look forward to leveraging their extensive industry experience as we continue to bring the Partnership’s strategic vision to life”, commented Bill Utt, Chairman of the Board.

About Benedicte Bakke Agerup

Benedicte Bakke Agerup brings more than 30 years of experience in the finance and maritime industry. From 2010-2017 Ms. Agerup served as CFO of Wilhelmsen ASA, a global provider of maritime and logistics services. Ms. Agerup has previously served as deputy chair of the Norwegian Hull Club as well as on the board of several other listed and unlisted companies within the finance and maritime sector and has been a member of a variety of audit and risk committees.

She currently sits on the boards of Treasure ASA, Vow ASA, and Scanship AS.

Ms. Agerup holds a Degree in Economics and Business Administration from the Norwegian School of Economics and studied an Advanced Management Program at Harvard Business School.

About Ingvild Sæther

Ingvild Sæther was appointed President and CEO of Altera Infrastructure Group Ltd., a company that provides services to Altera Infrastructure L.P. and its subsidiaries, in February 2017. Ms. Sæther joined Teekay Corporation in 2002, as a result of Teekay’s acquisition of Navion AS from Statoil ASA. Ms. Sæther held management positions in Teekay’s conventional tanker business until 2007 when she assumed the commercial responsibility for Teekay’s shuttle tanker activities in the North Sea, and in 2011, Ms. Sæther assumed the position of President, Teekay Offshore Logistics.

Ms. Sæther has over 25 years of experience in the shipping and offshore sector and has been engaged in several boards and associations related to the industry.

About Altera Infrastructure:

Altera Infrastructure is a leading global energy infrastructure services group primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil, and the East Coast of Canada.

Altera Infrastructure has consolidated assets of approximately $4.5 billion, comprised of 52 offshore assets, including floating production, storage, and offloading units, shuttle tankers, floating storage and offtake units, long-distance towing, and offshore installation vessels, and a unit for maintenance and safety. The majority of Altera Infrastructure’s fleet is employed on medium-term, stable contracts. Affiliates of global asset manager Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) own 100 percent of Altera Infrastructure’s general partner.

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Talent4Boards Team