CALGARY,
AB, Jan. 23, 2024 /PRNewswire/ - Parkland
Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI)
today is pleased to announce the appointment of energy industry
veteran, Michael Jennings to its
Board of Directors (the "Board"), effective February 10, 2024.
"Michael is a seasoned Chief Executive Officer and Board Member
with over three decades of international integrated energy
experience. We are delighted to welcome him to our Board of
Directors," said Steven Richardson,
Chairman of the Board. "Michael brings extensive executive and
public board experience. His track record as a CEO underscores his
industry knowledge and strategic acumen. Our Board and Parkland's
shareholders will benefit greatly from his expertise as we advance
our strategy to deliver long-term value to all shareholders."
Mr. Jennings' career includes nearly two decades with HF
Sinclair Corporation and predecessor companies Holly Frontier and
Frontier Oil. Similar to Parkland, these companies provide
petroleum products and renewables across the USA, Canada,
and Europe and have extensive
transportation and storage infrastructure. As CEO of HF Sinclair,
Mr. Jennings led large-scale operational and financial
integrations, delivered significant growth, and enhanced
shareholder value.
Previously, Mr. Jennings held a variety of senior finance,
commercial, business development, and treasury roles within
numerous domestic and international organizations. In addition, he
previously served as Chairman of public companies HollyFrontier,
Frontier Oil, and Holly Energy Partners, as a board member of FTS
International and ION Geophysical Corp, and as Chairman of the
Board of Montage Resources. Mr. Jennings currently serves on the
Board of The Plaza Group.
Mr. Jennings' appointment forms part of Parkland's ongoing and
strategic Board renewal process.
About Parkland
Corporation
Parkland is an international fuel distributor, marketer, and
convenience retailer with operations in 25 countries across the
Americas. We serve over one million customers each day. Our vast
retail network meets the fuel and convenience needs of everyday
consumers. Our commercial operations provide businesses with
industrial fuels so that they can better serve their customers.
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
ultra-fast EV charging. Parkland's proven business model is
centered around organic growth, our supply advantage, and is driven
by scale, our integrated refinery and supply infrastructure, and
focus on 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, our values of safety,
integrity, community, and respect, which are deeply embedded across
our organization.
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SOURCE Parkland Corporation