Monday, April 1, 2019 - The Metropolitan Club, New York City

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Music by Menelaos Kanakis


C. Sean Day
Chairman Emeritus
Teekay Corporation

Sean Day is Chairman Emeritus of Teekay Corporation. He was Chairman of Teekay from 1999 until 2017 during which time the company grew very rapidly. Today Teekay is active in the oil and gas tanker businesses, and in the offshore business. He is also Chairman of Compass Diversified Holdings which owns a portfolio of companies in the light manufacturing and retail businesses, and is a director of Kirby Corporation, the largest US tank barge and tug owner. Formerly he was also Chairman of TK LNG, TK Offshore and Teekay Tankers. In 2005 he was awarded the Connecticut Maritime Association's Commodore Award, which is given each year to the person who has contributed most to the growth and development of the international maritime industry.

Day was born and raised in South Africa. He went to sea as a 17 year old cadet in the merchant marine in South Africa, and subsequently completed his national service as a navigating officer on a destroyer in the SA Navy. He continued on to undergraduate studies in business at the University of Cape Town, and was then awarded a Rhodes Scholarship, allowing him to study law at Oxford University in England.

After graduating from Oxford he joined the legendary Scottish trading house Jardine Matheson in Hong Kong. He spent two years as commercial manager of their ship-owning group, the Indo China Steam Navigation Company. After two years with Jardines in Hong Kong and a year in Taipei, a chance meeting led him next to Canadian ship owning group Fednav in Montreal where he spent a couple of years as Operations Manager.

He spent his first years in New York doing freelance work for banks, assisting them with distressed shipping portfolios. In 1982 he was asked to help reorganize Navios Corporation, which Fednav had recently acquired in joint venture with US Steel, and which needed fresh energy and ideas. Day joined the team which took over an ailing Navios and restored it.

By 1986 he was eager for a fresh challenge and so went to work for Citicorp Capital Investors in New York where he learned about equity investing and the leveraged buyout business. He worked several years at Citicorp during the go-go buyout days of the late '80s. Using this knowledge, he persuaded Citicorp and Fednav to back him in the leveraged acquisition of Navios in 1989, which he successfully ran for the next 10 years before selling his interest in the company in 1999 and joining Teekay.