Teekay Offshore GP says it has brought in Tim Cowan to serve as interim chief financial officer while it conducts a search for a full-time replacement.
Cowan holds the position of senior vice president at Brookfield Asset Management. The diversified investment firm took a 49% stake in Teekay Offshore GP, along with a 60% stake in the publicly traded Teekay Offshore Partners, last September.
Cowan brings 15 years of finance experience, including principal investing, asset management, capital markets and advisory work, exclusively focused on the energy sector on a global basis.
Prior to joining Brookfield, Cowan worked for the wholesale banking division of a Canadian chartered bank and at an independent brokerage firm.
“Tim’s diverse financial experience and deep knowledge of the Teekay Offshore Group gained through his employment with Brookfield and its recent investment in the Partnership makes him well suited to serve as our Interim CFO,” said Ingvild Saether, president and chief executive officer of Teekay Offshore Group.