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Home Simpson Oil Responds to CEO “Departure” Amid Staggering Losses and Growing Evidence of Board Failure at Parkland

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Simpson Oil Responds to CEO “Departure” Amid Staggering Losses and Growing Evidence of Board Failure at Parkland

GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Simpson Oil Limited (“Simpson Oil”, “we” or “our”), the largest shareholder of Parkland Corporation (“Parkland” or the “Company”), holding 19.8% of the outstanding common shares, today responded to the Company’s second staggering trading loss and the announcement that long-tenured CEO Bob Espey will resign—effective only at year-end. Rather than acting decisively and terminating Mr. Espey for his performance, the Company’s board of directors (the “...

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