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

Parkland Corporation Welcomes New Leadership

On January 1, 2025, Marcel Teunissen will officially transition from Chief Financial Officer to President of North America at Parkland Corporation. This strategic move aims to guide the company's operations in Canada and the United States and is part of a broader succession plan designed to cultivate strong leadership within the organization.

A Thoughtful Approach to Leadership

Bob Espey, President and CEO of Parkland, emphasized the company’s commitment to effective executive development and progression. Teunissen has held the role of CFO since 2020 and has showcased exceptional leadership capabilities alongside his deep understanding of the business landscape. His appointment signals confidence in his ability to propel Parkland's continued growth and success in both the Canadian and U.S. markets.

New Interim CFO

Simultaneously, Parkland has announced that Brad Monaco will step in as the interim Chief Financial Officer. Monaco has a rich history of impactful leadership roles within the company, including Director of Capital Markets and Vice President of Finance for their Canadian business segment. With substantial experience in finance and capital markets, he is well-positioned to support Parkland's upcoming leadership transitions.

Bob Espey remarked, "I am delighted Brad is stepping in as the interim CFO. His comprehensive experience within corporate structures and operational roles will greatly benefit our financial management during this period of transition."

Parkland Corporation's Mission and Values

Parkland Corporation is recognized as a leading international fuel distributor and convenience retailer across twenty-six countries in the Americas. The company is committed to meeting the needs of over a million customers daily by providing a vast retail network that encompasses essential fuels and convenience products. Additionally, they are taking steps to minimize environmental impacts through innovative offerings such as renewable fuels and ultra-fast EV charging options.

The company operates approximately 4,000 retail and commercial locations across Canada, the U.S., and the Caribbean, which underscores its capability to serve a wide customer base efficiently. Parkland’s operational strategy revolves around two primary pillars: Customer Advantage and Supply Advantage. The Customer Advantage strategy focuses on cultivating customer loyalty through competitive pricing, reliable service, and an extensive product range, while the Supply Advantage emphasizes a low-cost service model through robust supply and logistics capabilities.

Looking Ahead

Parkland has engaged a prominent global executive recruitment firm to assist in finding a permanent CFO, ensuring a seamless transition and continued focus on strategic objectives. With a workforce that embodies the values of safety, integrity, community, and respect, Parkland is well-equipped to navigate the challenges and opportunities in the evolving energy market.

Forward-Looking Statements:
While Parkland expresses strong confidence in its leadership transitions, it acknowledges the inherent risks associated with forward-looking statements and assures stakeholders that it will continue to adapt and evolve in response to market dynamics. The company remains committed to transparency and will provide updates as necessary regarding its strategic progress and executive appointments.