Parkland Corp. has appointed Steven Richardson as its new Chair of the Board.
Richardson joined Parkland's Board in 2017 and currently serves on the fuel company's human resources and compensation committee. Richardson is also the Chair of the audit committee at Parkland.
With over 30 years of experience in the financial and retail sectors, Richardson brings years of knowledge to the position. His previous experience includes a six year tenure at Hudson's Bay Company, where he served as chief financial officer (CFO) from 2006 to 2009.
Richardson also held senior executive positions with financial services companies including CFO of Wells Fargo Financial Canada, CFO and executive vice-president of Associates Financial Services of Canada and CFO of Beneficial Canada.
Richardson also currently serves on the Board of Directors of Supreme X Inc., the only national packaging and envelope manufacturer in Canada.
Richardson will replace Jim Pantelidis who announced his retirement in July.
Pantelidis will no longer be a director of Parkland but will remain as an advisor to its Board with the honourary title of "Chairman Emeritus". Pantelidis will retain the title until the next annual general meeting of shareholders.
"On behalf of the Board of Directors I would like to thank Jim for his invaluable contributions to Parkland's growth and strategy," said Bob Espey, president and CEO of Parkland. "We wish him well in retirement and look forward to his support as an advisor to the company."
Pantelidis guided the company for over 20 years after joining Parkland's Board in 1999. With over 50 years of leadership experience, Pantelidis brought to Parkland insights in the petroleum industry.
His previous experience includes 30 years as president of the resources division and president of the products divisions at Petro-Canada; work with Pennsylvania-based Gulf Oil; and his work as chairman and CEO of the Bata Show Organization.
Pentlidis' retirement and Richardson's appointment as Chair is part of Parkland's ongoing Board refreshment process.
Parkland CEO, Bob Epsey lauded the company's "disciplined focus on delivering shareholder value" after the Calgary-based c-store operator and fuel retailer's earnings rose 40% in this year's first quarter.