Parkland, activist investor Simpson Oil, nominate competing director slates
- Parkland Corp. And Simpson Oil Ltd. Both proposed slates of directors for election at the May 6 meeting.
- Simpson Oil, owning almost 20% of Parkland, seeks changes due to concerns about Parkland's performance since 2019.
- Parkland, a Calgary refuelling station operator, nominated 13 directors; Simpson nominated nine to the board.
- Parkland's board chair, Michael Jennings, stated that Simpson's slate lacked credibility, attempting a takeover without a premium.
- Parkland will review options to boost shareholder value, including a potential sale, amidst pressure from shareholders.
21 Articles
21 Articles
Top Parkland Holder Ups Fight, Seeks CEO Ouster, Board Shakeup
Simpson Oil Ltd. has launched a fight for control at Parkland Corp., which includes overhauling the gas station chain’s board and ousting long-serving Chief Executive Officer Bob Espey, aiming to fix what the investment firm calls a “chronic underperformance.”

Parkland nominates 13 directors including three Simpson Oil nominees
CALGARY - Parkland Corp. is proposing a slate of 13 directors including three backed by dissident shareholder Simpson Oil Ltd. for election to its board at its annual meeting next month.
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