CALGARY, AB, March 18, 2025 — ECNETNews reports that Parkland Corporation has officially appointed Felipe Bayon and Sue Gove to its Board of Directors, effective today. This strategic move underscores the company’s commitment to enhancing corporate governance by integrating two highly skilled executives into its leadership team.
Michael Jennings, Chair of the Board, stated, “Felipe and Sue’s extensive experience in industries integral to Parkland’s operations will be essential as the company seeks to deliver maximum value for its shareholders.” Mr. Bayon brings over three decades of leadership within the global energy sector, including significant tenures at BP and as President and CEO of Ecopetrol, where he successfully transformed the company into a diversified energy group.
Ms. Gove provides a rich background in retail, having served as CEO, CFO, and COO, alongside a deep understanding of consumer behavior. Her strategic leadership has been marked by transformative initiatives and board experiences, notably her 12 years at AutoZone, which included eight years as Chair of the Nominating and Governance Committee.
These appointments are part of Parkland’s commitment to continual board renewal and governance enhancement. The company is currently undergoing a strategic review aimed at identifying opportunities to boost shareholder value, where the insights of Mr. Bayon and Ms. Gove will be particularly influential.
In recent years, Parkland has added six independent directors to ensure a diverse governance structure that incorporates seasoned expertise with innovative perspectives. The company’s Annual General Meeting of Shareholders is set for May 6, 2025, allowing for continued engagement with stakeholders as it invites Simpson Oil to rejoin the Board and the Special Committee overseeing the strategic review.
About Parkland Corporation
Parkland is a leading international fuel distributor and convenience retailer, with safe and reliable operations spanning 26 countries across the Americas. The company prioritizes meeting consumer fuel and convenience needs while supporting businesses with essential fuel supplies. As part of its commitment to sustainability, Parkland also focuses on renewable fuel manufacturing, ultra-fast EV charging, and various carbon credit and solar power solutions. With approximately 4,000 retail locations, Parkland leverages its supply and distribution capabilities to drive growth and operational effectiveness.
Parkland’s strategic vision is anchored in two main pillars: Customer Advantage, aimed at becoming the top choice for consumers through unique offerings and loyalty programs, and Supply Advantage, focused on achieving the lowest operational costs in challenging markets through comprehensive supply and logistics strategies. Parkland’s operations are guided by core values of safety, integrity, community, and respect.
Forward-Looking Statements
This announcement may contain forward-looking statements related to Parkland’s governance commitments, board renewal processes, and its strategic review aimed at maximizing shareholder value. These predictions involve known and unknown risks and uncertainties that may cause actual results to differ from those anticipated. Parkland does not take any responsibility to update these statements unless required by securities laws.
