Parkland Corp. PKI-T says its current chief financial officer Marcel Teunissen will assume the role of president for North America effective Jan. 1.
The fuel and convenience store retailer says Teunissen will be responsible for the company’s Canadian and U.S. operations.
Brad Monaco has been named Parkland’s interim chief financial officer until a permanent replacement for Teunissen can be found.
The company says Teunissen’s appointment is part of the company’s “thoughtful” approach to senior executive development and progression.
Parkland has been under scrutiny recently for its approach to executive compensation and board renewal.
An activist investor, New York-based Engine Capital, as well as Parkland’s largest shareholder Simpson Oil, have both publicly called for changes at the company.