- Parkland advances executive development and progression as
part of succession plan
- Brad Monaco, current Vice
President, Finance Canada named interim Chief Financial
Officer
CALGARY,
AB, Dec. 17, 2024 /PRNewswire/ - Parkland
Corporation ("Parkland", "we", the "Company", or "our") announced
that, effective January 1, 2025, as
part of the Company's executive succession plan, Marcel Teunissen, the Company's current Chief
Financial Officer will transition to the new role of President,
North America, responsible for
Canadian and US operations.
"Parkland takes a thoughtful approach to senior executive
development and progression," said Bob
Espey, President and Chief Executive Officer. "Marcel has
been Parkland's Chief Financial Officer since 2020. During this
time, he has demonstrated tremendous business acumen and proven he
is a progressive and exceptional leader. I am delighted he will
lead our Canadian and US businesses and have confidence that, under
his leadership they will contribute strongly to the Company's
continued growth."
Effective January 1, 2025,
Parkland has named Brad Monaco as
Interim Chief Financial Officer. Brad will report to Parkland's
President and Chief Executive Officer and work closely with the
Company's Board of Directors.
"I am delighted Brad is stepping in as interim Chief Financial
Officer," added Espey. "Brad has proven to be a highly impactful
Parkland leader in both corporate and operational roles. His
diverse finance and capital markets experience coupled with his
strategic planning capabilities make him the natural choice to lead
our finance function on an interim basis. I am confident he will do
an excellent job."
Brad has held progressively senior finance roles at Parkland
including Director, Capital Markets, and Vice President Finance for
the Company's Canadian business segment. Prior to Parkland, Brad
built considerable experience in various capital markets, strategic
planning, and buy-side investment management roles.
Parkland has retained a leading global executive recruitment
firm to conduct a search for a permanent Chief Financial
Officer.
About Parkland Corporation
Parkland is an international fuel distributor, marketer, and
convenience retailer with operations in twenty-six countries across
the Americas. We serve over one million customers each day. Our
retail network meets the fuel and convenience needs of everyday
consumers. Our commercial operations provide businesses with
industrial fuels so that they can better serve their customers. In
addition to meeting our customers' needs for essential fuels, we
provide a range of choices to help them lower their environmental
impact. These include renewable fuels sourcing, manufacturing, and
blending, carbon and renewables trading, solar power, and
ultra-fast EV charging. With approximately 4,000 retail and
commercial locations across Canada, the United
States, and the Caribbean
region, we have developed supply, distribution, and trading
capabilities to accelerate growth and business performance.
Our strategy is focused on two pillars: our Customer Advantage
and our Supply Advantage. Through our Customer Advantage, we aim to
be the first choice of our customers, cultivating their loyalty
through proprietary brands, differentiated offers, our extensive
network, competitive pricing, reliable service, and our compelling
loyalty program. Our Supply Advantage is based on achieving the
lowest cost to serve among independent fuel marketers and
distributors in the hard-to-serve markets in which we operate,
through our well-positioned assets, significant scale, and deep
supply and logistics capabilities. Our business is underpinned by
our people and our values of safety, integrity, community, and
respect, which are deeply embedded across our organization.
Forward-Looking Statements
Certain statements contained in this news release constitute
forward-looking information and statements (collectively,
"forward-looking statements"). When used in this news release the
words "focus", "aim", "will", "continue" and similar expressions
are intended to identify forward-looking statements. In particular,
this news release contains forward-looking statements with respect
to, among other things: the Company's succession plan, the new
appointments, the timing thereof and the mandates and reporting
structures relating thereto, as applicable; confidence in the new
appointments and expectations relating thereto; the Company's
search for a permanent Chief Financial Officer; and Parkland's
business strategies and objectives.
These statements involve known and unknown risks, uncertainties
and other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. No assurance can be given that these expectations will
prove to be correct and such forward-looking statements included in
this news release should not be unduly relied upon. These
forward-looking statements speak only as of the date of this news
release. Parkland does not undertake any obligations to publicly
update or revise any forward-looking statements except as required
by securities laws. Actual results could differ materially from
those anticipated in these forward-looking statements as a result
of numerous risks, assumptions and uncertainties including, but not
limited to: Parkland's ability to execute its business strategies,
objectives and initiatives, including without limitation, its
succession plan, the new appointments relating thereto, the timing
thereof and realizing the benefits therefrom; Parkland's ability to
recruit a permanent Chief Financial Officer; and other factors,
many of which are beyond the control of Parkland. See also the
risks and uncertainties described under the headings "Cautionary
Statement Regarding Forward-Looking Information" and "Risk Factors"
in Parkland's Annual Information Form dated February 27, 2024, and under the headings
"Forward-Looking Information" and "Risk Factors" in Parkland's Q3
2024 MD&A dated October 30, 2024
and Q4 2023 MD&A dated February 27,
2024, each filed on SEDAR+ and available on Parkland's
website at www.parkland.ca. The forward-looking statements
contained in this news release are expressly qualified by this
cautionary statement.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/parklands-marcel-teunissen-named-president-parkland-north-america-302333671.html
SOURCE Parkland Corporation