Parkland Corporation has named Chief Financial Officer Marcel Teunissen as its next president of North America, effective Jan. 1, 2025, the convenience retailer announced Tuesday.
Teunissen will oversee Calgary, Alberta-based Parkland’s operations in the U.S. and Canada, where it has a combined 1,000 company-operated convenience stores, in addition to 1,640 dealer sites.
“Marcel has been Parkland’s Chief Financial Officer since 2020. During this time, he has demonstrated tremendous business acumen and proven he is a progressive and exceptional leader,” Bob Espey, president and CEO, said in the announcement. “I am delighted he will lead our Canadian and US businesses and have confidence that, under his leadership, they will contribute strongly to the Company’s continued growth.”
Teunissen will become president of North America after spending the past four years as Parkland’s CFO. He joined Parkland after a 23-year career with Shell, where he worked in global finance and energy operations, according to his LinkedIn bio.
Parkland’s CFO role will be taken over in the interim by Brad Monaco, the company’s vice president of finance in Canada. Parkland has commenced a search for a permanent replacement.
“Brad has proven to be a highly impactful Parkland leader in both corporate and operational roles,” Espey said. “His diverse finance and capital markets experience coupled with his strategic planning capabilities make him the natural choice to lead our finance function on an interim basis.”
Teunissen’s rise to president closes out a difficult year for Parkland, especially in the U.S., where its business has struggled since early last year amid declines in retail and commercial fuel volumes. The company has undergone hundreds of staff cuts across its business since early 2023. The most recent round included 100 corporate team members this past October.
Parkland’s U.S. troubles reached a climax in September when the company announced it was looking to sell its business in Florida, where it operates about 100 convenience stores, nine cardlock sites and four bulk storage plants and warehouses. Leadership said at the time that this segment “hadn’t reached its full potential” and that Parkland was aiming to sell it within the next 12 to 18 months.
Although Parkland still intends to sell its Florida business, Espey shared in early November that the company has “seen a really good recovery” for this segment, adding that Parkland was gaining market share across the U.S., and was “on track on the fuel side” and “above industry” on same-store sales averages.
