Parkland appoints James Neate to its Board of Directors

Parkland Corporation has announced the appointment of investment banking executive, James Neate to its Board of Directors effective February 10, 2024.

"James is a seasoned executive with significant expertise working within the many markets that Parkland serves," says Steven Richardson, chairman of the Board. "His international banking expertise coupled with his understanding of markets in Canada, the Caribbean and South America is invaluable to Parkland. 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."

Neate's career spans more than three decades in the Canadian banking industry at Scotiabank, having held over this time there several senior roles. Before his appointment at Parkland, he held the position of president and group head of corporate and investment banking.

READ: Activist investor calls for board overhaul at Parkland Corp. in wake of resignations

Neate's appointment forms part of Parkland's ongoing strategic Board renewal process that has been ongoing for the past 12 months. 

In January, Parkland named Michael Jennings to its board of directors as part that renewal process. Earlier, New York-based activist investor Engine Capital LP called for a complete board overhaul at the company and argued that a reconstituted board should have directors that will prioritize the interests of all shareholders.