Analysts expressed faith in Teekay's deep management bench a day after the tanker giant revealed that chief executive Peter Evensen is retiring in January.
Wells Fargo Securities analyst Michael Webber said that losing Evensen's experience, including his background as a banker before joining Teekay 13 years ago, is "significant" for the company.
However, "he'll be retained in an advisory role following his retirement, with Teekay maintaining a deep bench with regards to management," the analyst said.
Webber
