RED DEER, AB, April 15 /CNW/ - ("Parkland" or the "Corporation) (TSX: PKI), Canada's largest independent fuel distributor and marketer, today announced the resignation of Senior Vice President and CFO Ken Grondin effective July 1, 2011.
Bob Espey, President and COO of Parkland said "Ken was instrumental in the achievement of several key strategic initiatives that have built a strong platform for future growth and profitability. Notably Ken assumed a lead role in the conversion of Parkland from an Income Trust to a Corporate structure, led two convertible debenture financings for a total of $143 million in proceeds at industry leading terms and was a full partner in several acquisitions including Bluewave Energy, the largest in the Corporation's history."
"On behalf of management and the board I want to thank Ken for his many contributions and wish him well with his future plans."
The corporation has actively begun the process to recruit a new CFO.
About Parkland Fuel Corporation
Parkland Fuel Corporation ("Parkland") is Canada's largest independent marketer and distributer of fuels, managing a nationwide network of sales channels for retail, commercial, wholesale and home heating fuel customers. Parkland's mission is to be the most trusted source of convenience for fuel and related products focused on non-urban markets. Our family of brands includes: Bluewave Energy, Columbia Fuels, Great Northern Oil, Neufeld Petroleum & Propane, United Petroleum Products, Island Petroleum, Fas Gas Plus and Race Trac Gas. We are Canada's local fuel company, delivering competitive fuel products and serving Canadian communities through local operators who care. For more information please visit www.parkland.ca.
Parkland shares and convertible debentures trade on the Toronto Stock Exchange (TSX) under the symbols PKI, PKI.DB and PKI.DB.A.
SOURCE Parkland Fuel Corporation
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