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 (pictured) said Teekay's existing risk-and-reward profile will remain "roughly the same" after the departure.
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