Parkland Fuel Corporation
TSX : PKI

Parkland Fuel Corporation

July 08, 2014 17:27 ET

Parkland Fuel Corporation Announces Resignation of CFO

RED DEER, ALBERTA--(Marketwired - July 8, 2014) -

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Parkland Fuel Corporation ("Parkland") (TSX:PKI) today announced the resignation of Mr. Michael Lambert, Senior Vice President and Chief Financial Officer, who is leaving Parkland effective August 8, 2014, to pursue an opportunity in another industry.

"On behalf of the management team and the Board of Directors, I would like to thank Mike for his contributions to Parkland. With his help, Parkland has grown significantly during his tenure, and we see tremendous growth continuing for the corporation as we move forward. We wish Mike all the best in this next stage in his career," said Bob Espey, President and CEO.

Parkland is well-positioned to continue to execute on its growth strategy. "I have great confidence in our Finance team's ability to continue to oversee and steward our strong financial position," added Mr. Espey.

Commenting on his time with the Corporation, Mr. Lambert noted, "I've really enjoyed working with so many talented people. I wish my colleagues here all the best as Parkland continues to succeed on its growth strategy."

The Corporation has actively begun the process to recruit a new CFO.

About Parkland Fuel Corporation

Parkland Fuel Corporation is North America's fastest growing independent marketer of fuel and petroleum products. We deliver gasoline, diesel, propane, lubricants, heating oil and other high quality petroleum products to motorists, businesses, consumers and wholesale customers in Canada and the United States. Our mission is to be the partner of choice for our customers and suppliers, and we do this by building lasting relationships through outstanding service, reliability, safety and professionalism.

We are unique in our ability to provide customers with dependable access to supply, utilizing a portfolio of supply disruptions in order to protect our customers' operations.

To sign up for Parkland's investor information services, please go to http://bit.ly/PKI-Info or visit www.parkland.ca.

Certain information and statements contained in this press release constitute forward-looking information within the meaning of applicable Canadian securities laws. When used in this press release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", and similar expressions, as they relate to Parkland or its management, are intended to identify forward-looking information. In particular, forward-looking information included in this press release includes information with respect to the use of net proceeds from the Offering.

Such information reflects the current views of Parkland's management with respect to future events and is subject to certain risks, uncertainties and assumptions, including, without limitation those risks or factors described from time to time in documents Parkland files with securities regulatory authorities. The intended use of the net proceeds of the Offering by Parkland might change if the board of directors of Parkland determines that it would be in the best interests of Parkland to deploy the proceeds for some other purpose.

By its nature, forward-looking information involves numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Many other factors could also cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking information and readers are cautioned that the foregoing list of factors is not exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Furthermore, the forward-looking information contained in this press release is made as of the date hereof and is expressly qualified by this cautionary statement. Unless otherwise required by law, Parkland does not intend, or assume any obligation, to publicly revise any forward-looking information to reflect subsequent events or circumstances.

Contact Information

  • For investor and media inquiries please contact
    Tom McMillan
    Director, Corporate Communications
    1-800-662-7177 ext. 2533