CALGARY, AB, Dec. 17, 2024 — Parkland Corporation has announced an executive transition that will take effect on January 1, 2025. Marcel Teunissen, the current Chief Financial Officer, will be stepping into the role of President, North America, overseeing operations across Canada and the United States.
Bob Espey, President and Chief Executive Officer, expressed his confidence in Teunissen’s capabilities, noting his extensive leadership experience since becoming CFO in 2020. “Marcel has demonstrated tremendous business acumen and is a progressive leader. I am delighted he will lead our Canadian and U.S. businesses,” remarked Espey.
Simultaneously, Brad Monaco has been appointed as Interim Chief Financial Officer, reporting directly to the President and CEO. Monaco’s track record at Parkland includes senior finance roles, showcasing his impactful leadership in both corporate and operational capacities.
Espey highlighted Monaco’s strategic expertise and diverse finance background as key assets for the company’s interim CFO position. Prior to this role, Monaco served as Director of Capital Markets and Vice President of Finance for Parkland’s Canadian segment, building valuable experience in capital markets and investment management.
In addition, Parkland has engaged a leading global recruitment firm to assist in the search for a permanent Chief Financial Officer, ensuring a smooth transition and continuity in financial leadership.
About Parkland Corporation
Parkland Corporation is a prominent international fuel distributor and convenience retailer, operating in 26 countries across the Americas. Serving over one million customers daily, Parkland’s extensive retail network addresses the fuel and convenience needs of everyday consumers. The company is committed to reducing environmental impact by offering renewable fuels, carbon trading, solar power, and ultra-fast electric vehicle charging options. With approximately 4,000 retail and commercial locations throughout Canada, the U.S., and the Caribbean, Parkland is poised for continued growth and enhanced business performance.
With a strategy centered on customer satisfaction and operational efficiency, Parkland aims to maintain its reputation as a leader in the fuel distribution industry, guided by principles of safety, integrity, community, and respect.
Forward-Looking Statements
This release may contain forward-looking statements reflecting Parkland’s visions regarding its executive transitions, business strategies, and operational objectives. These statements are subject to various risks and uncertainties that could cause actual results to differ significantly from those anticipated. Parkland does not undertake any obligation to publicly update these forecasts except as required by law.