CALGARY,
AB, July 28, 2023 /PRNewswire/ - Parkland
Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI)
today announced that Jim Pantelidis,
Parkland's Chair of the Board, has announced his retirement from
the Board effective today. Although Mr. Pantelidis will no longer
be a director of the Company, he will remain as an advisor to the
Board, with the honourary title of "Chairman Emeritus", until the
next annual general meeting of shareholders in recognition of his
significant contributions to the Company.
For over two decades, Mr. Pantelidis guided the company through
its evolution from a small regional player to an international
organization operating in 25 countries. "On behalf of the
Board of Directors I would like to thank Jim for his invaluable
contributions to Parkland's growth and strategy," said Bob Espey, President, and CEO of Parkland. "We
wish him well in retirement and look forward to his support as an
advisor to the company."
Effective immediately, the Board has appointed Steven Richardson as Chair of the Board. Mr.
Richardson joined the Board in 2017 and currently serves on the
Human Resources and Compensation Committee and is the Chair of the
Audit Committee. Mr. Richardson has over 30 years of experience in
the financial and retail sectors. From 2003 to 2009, Mr. Richardson
held senior financial positions at Hudson's Bay Company, including Chief
Financial Officer from 2006 to 2009. Previously, Mr. Richardson
held senior executive positions with financial services companies,
including Chief Financial Officer of Wells Fargo Financial Canada,
Executive Vice President and Chief Financial Officer of Associates
Financial Services of Canada, and
Chief Financial Officer of Beneficial Canada.
Mr. Richardson currently serves on the Board of Directors of
SupremeX Inc., where he chairs the Audit Committee. He previously
served on the Board of Directors for RONA Inc. and easyhome Ltd.
(currently goeasy Ltd.), where he served on both Audit
Committees.
Mr. Pantelidis' retirement, and Mr. Richardson's appointment as
Chair of the Board, form part of Parkland's ongoing Board
refreshment process.
About Parkland Corporation
Parkland is an international fuel distributor and retailer with
operations in twenty-five countries. Our purpose is to power what
moves people, and every day, we provide over one million customers
with the essential fuels, convenience items and quality foods on
which they depend.
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. 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 carbon and
renewables trading, solar power, renewables manufacturing and
ultrafast Electric Vehicle charging.
Our proven business model is centred around organic growth, our
supply advantage, driven by scale and our integrated refinery and
supply infrastructure, acquiring prudently, and integrating
successfully. Our strategy is focused on developing our existing
business in resilient markets, growing our food, convenience, and
renewable energy businesses, and helping customers to decarbonize.
Our business is underpinned by our people, and our values; safety,
integrity, community, and respect, which are deeply embedded across
our organization.
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SOURCE Parkland Corporation