Teekay Corp chief financial officer Vince Lok will step down on 1 January after spending three decades at the energy shipping giant, the company said.

Lok, who also holds the title of executive vice president, had spent 16 years in the CFO chair at the company, a time period that saw New York-listed Teekay spawn some of what became a network of spin-off companies then sell them down to just the holding company and Teekay Tankers.