27 October 2025 – Altera Infrastructure announced with deep sadness that its Chief Executive Officer, Ingvild Sæther, passed away on 27 October at the age of 57, surrounded by her closest family.

Sæther had faced serious health challenges during the past two years, meeting them with the same strength and optimism that characterized her leadership at Altera. Throughout this period, she remained engaged and continued to care deeply about the people and the company she led.

Her career spanned more than three decades in the maritime and offshore industry. She joined Teekay in 2002 following the acquisition of Navion from Statoil, later holding several senior positions before being appointed President and CEO of Altera Infrastructure in 2017. She also served on multiple boards and was respected across the sector for her insight and integrity.

Under her leadership, Altera became a workplace and fleet where people could thrive, feel valued, and take pride in belonging. Sæther believed that work should be meaningful and collaboration should be enjoyed, regardless of where employees were based.

She was widely recognized for her role in guiding the company through the industry’s green transition. Her leadership combined strategic clarity with genuine warmth, and she was known for bringing out the best in people and teams.

Acting CEO Duncan Donaldson, who has served in the role during Sæther’s illness and will continue going forward, said:

“Those who knew Ingvild remember her as curious, courageous, and deeply compassionate. She listened carefully, cared for her colleagues, and inspired confidence simply by being herself. She was unpretentious and open to the ideas of others. Our thoughts and condolences go to her family and loved ones during this difficult time.”