Parkland adds two independent directors to Board
Parkland Corporation announced the appointment of Felipe Bayon and Sue Gove to its Board of Directors.
The company says these appointments reinforce the its commitment to strong corporate governance by adding two highly experienced c-suite leaders.
"Felipe and Sue are accomplished executives with expertise in industries and sectors that align with Parkland's business," said Michael Jennings, chair of the Board. "Felipe's deep energy industry experience in Parkland's broader international region combined with Sue's extensive retail experience and governance expertise, will be invaluable as the Company explores all options to maximize value for all shareholders."
Bayon brings more than 30 years of leadership experience in the global energy sector. He previously held senior operational roles with BP plc and served as president and chief executive officer of Ecopetrol S.A., Colombia's largest integrated energy company and one of the largest and most influential corporations in Parkland's international region. While at Ecopetrol, Bayon spearheaded the company's transformation into a diversified energy group, delivered record safety and financial performance and strengthened corporate governance.
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Gove has extensive experience in the retail sector, including holding positions as chief executive officer, chief financial officer and chief operating officer. In addition to a deep understanding of consumer behaviour, Gove has led multiple strategic transformations and brings extensive public and private company board experience including a 12-year tenure at AutoZone Inc., where she spent eight years as chair of the nominating and governance committee. Gove currently serves on the board of directors of LKQ Corporation.
These appointments mark the latest step in Parkland's ongoing commitment to strong governance and a rigorous, ongoing board renewal process, which has prioritized recruiting directors with deep industry and executive expertise. Additionally, as Parkland undergoes its previously announced strategic review, Bayon and Gove's expertise will provide valuable perspective in evaluating opportunities to maximize value for all shareholders.
With today's announcement, Parkland has added six independent directors to the Board over the past two years to ensure a governance structure that blends relevant expertise with fresh perspectives and organizational continuity.
Parkland's Annual General Meeting of Shareholders is scheduled to take place on May 6, 2025. Parkland continues to openly invite Simpson Oil to rejoin the Board and participate on the Special Committee which is leading the Company's previously announced strategic review.
