#Canada #Calgary #Parkland Corporation #Marcel Teunissen #Brad Monaco

Marcel Teunissen to Lead Parkland North America

In a significant move, Parkland Corporation has announced the appointment of Marcel Teunissen as the new President of Parkland North America, effective January 1, 2025. This transition is a part of the company's strategic executive succession plan aimed at enhancing leadership within the organization. As the current Chief Financial Officer, Teunissen has shown exceptional leadership qualities since joining the company.

Parkland's President and CEO, Bob Espey, shared his confidence in Teunissen's capabilities, stating, “Marcel has displayed extraordinary business acumen and has been a progressive leader since he took on the CFO role in 2020.” Espey emphasized that Teunissen’s vision will be instrumental in driving the company's growth across its operations in Canada and the United States. This change signifies Parkland's commitment to consistent development and the efficient progression of its leadership team.

Alongside Teunissen’s appointment, Brad Monaco has been designated as the interim Chief Financial Officer, effective January 1, 2025. Monaco, who currently serves as the Vice President of Finance in Canada, is expected to play a vital role during this transition period. He will report directly to Teunissen and closely collaborate with Parkland’s board of directors. Espey expressed his satisfaction with Monaco stepping into this crucial role, citing Monaco’s effective leadership and extensive experience in finance and capital markets.

Parkland Corporation, which operates in 26 countries and caters to over a million customers daily, takes pride in being an international fuel distributor and convenience retailer. The company’s strategy is centered around two main pillars: customer advantage and supply advantage. By focusing on building customer loyalty through distinctive offerings and competitive pricing, along with maintaining a strong logistical base, Parkland aims to consolidate its position in the market.

The firm is also committed to incorporating environmentally friendly practices into its operations, including sourcing renewable fuels and engaging in carbon trading. Teunissen and Monaco are set to lead efforts in aligning Parkland’s operational goals with sustainability initiatives to reduce the environmental impact of their services.

The company has also engaged a leading executive recruitment firm to assist in the search for a permanent CFO, further illustrating their intent to ensure robust financial leadership as they continue to evolve.

With the impending leadership changes, Parkland Corporation remains poised to leverage its extensive reach and resources in the North American market under Teunissen's guidance, aiming for sustained growth and innovation in its service offerings.