Parkland Corp. has appointed James Neate to its board of directors, effective Feb. 10. This follows the departure of two Parkland board members at the end of December.
His appointment forms part of Parkland’s strategic board renewal process that has been ongoing for the past year and added three highly experienced directors to Parkland, the company said. Calgary, Alberta-based Parkland is refreshing its board by collaborating with two global search firms, it said, blending continuity with fresh perspectives to ensure a governance structure that supports Parkland’s long-term objectives.
On Dec. 31, Parkland announced the departure of two board members, Michael Christiansen and Marc Halley, who were nominated by Parkland’s largest shareholder, Simpson Oil Ltd. Another shareholder, Engine Capital, later shared concern over the departures.
On Jan. 23, Parkland announced it appointed Michael Jennings, an energy industry veteran, to the board, effective Feb. 10.
Neate’s career spans more than three decades in the Canadian banking industry at Scotiabank. He was most recently president and group head of corporate and investment banking at Scotiabank.
“[Neate’s] international banking expertise coupled with his understanding of markets in Canada, the Caribbean and South America is invaluable to Parkland,” Steven Richardson, chairman of the board, said. “James’ ability to provide strategic insight into global growth opportunities will add additional bench strength to our Board as we continue to advance our strategy to deliver long-term value to all shareholders. We are delighted to welcome James to our board.”
- Parkland USA is No. 37 on CSP’s 2023 Top 202 ranking of U.S. convenience-store chains by company-owned store count.
Parkland Corp. is the parent company of Parkland USA, which has more than 200 c-stores in the United States under brands like On the Run.
Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.