Latest news with #FelipeBayon
Yahoo
15 hours ago
- Business
- Yahoo
Parkland Corporation Announces Results of the 2025 Annual and Special Meeting of Shareholders
CALGARY, AB, June 24, 2025 /PRNewswire/ - Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI) held its annual and special meeting of shareholders on June 24, 2025 (the "Meeting"). The Company is pleased to announce that all matters presented at the Meeting were approved, including the special resolution (the "Arrangement Resolution") approving the arrangement with Sunoco LP (the "Arrangement") and election of all ten nominees listed in the management information circular dated May 26, 2025 (the "Information Circular"). The complete results of voting for business considered at the Meeting are set out below and are made available on Parkland's SEDAR+ profile at The Arrangement remains subject to other closing conditions, including regulatory approvals and the final approval by the Court of King's Bench of Alberta. The Arrangement is expected to close in the second half of 2025. Resolution 1 Approval of the Arrangement Resolution: Votes For 127,089,612 93.46 % Votes Against 8,890,026 6.54 % Resolution 2 Election of directors of Parkland to hold office until the close of the next annual meeting of shareholders, until their successor is elected or appointed, or until they otherwise cease to hold office: Nominee Votes For % For Votes Withheld % Withheld Felipe Bayon 89,964,790 66.16 % 46,015,816 33.84 % Nora Duke 89,480,242 65.80 % 46,500,364 34.20 % Robert Espey 83,194,482 61.18 % 52,786,124 38.82 % Sue Gove 95,328,135 70.10 % 40,652,471 29.90 % Timothy Hogarth 124,846,777 91.81 % 11,133,829 8.19 % Richard Hookway 89,731,677 65.99 % 46,248,929 34.01 % Michael Jennings 85,868,491 63.15 % 50,112,115 36.85 % Angela John 90,377,551 66.46 % 45,603,055 33.54 % James Neate 90,426,312 66.50 % 45,554,294 33.50 % Mariame McIntosh Robinson 90,496,213 66.55 % 45,484,393 33.45 % Resolution 3 Reappointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditor of Parkland until the close of the next annual meeting of shareholders, with remuneration to be determined by the board of directors of Parkland: Votes For 134,418,865 97.87 % Votes Withheld 2,929,008 2.13 % Resolution 4 Approval, on a non-binding and advisory basis, of Parkland's approach to executive compensation as set forth and described in the Information Circular: Votes For 88,102,453 64.79 % Votes Against 47,877,185 35.21 % About Parkland CorporationParkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in twenty-six countries across the Americas. Our retail network meets the fuel, and convenience needs of everyday consumers. Our commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting our customers' needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean region, we have developed supply, distribution, and trading capabilities to accelerate growth and business performance. Our strategy is focused on two interconnected pillars: our Customer Advantage and our Supply Advantage. Through our Customer Advantage, we aim to be the first choice of our customers through our proprietary brands, differentiated offers, extensive network, competitive pricing, reliable service, and compelling loyalty program. Our Supply Advantage is based on achieving the lowest cost to serve among independent fuel marketers and distributors in the hard-to-serve markets in which we operate, through our well-positioned assets, significant scale, and deep supply and logistics capabilities. Our business is underpinned by our people and our values of safety, integrity, community, and respect, which are embedded across our organization. Forward-Looking StatementsCertain statements contained herein constitute forward-looking information and statements (collectively, "forward looking statements"). When used in this news release, the words "commit", "ensure", "enhance", "expect", "increase", "ongoing", "will", and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the final approval of the Court of King's Bench of Alberta, receipt of regulatory approvals, satisfaction of the conditions precedent to the Arrangement and the anticipated timing of closing of the Arrangement. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These forward-looking statements speak only as of the date hereof. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to: general economic, regulatory, market and business conditions; the completion of the Arrangement on anticipated terms and timing, or at all, including obtaining court approval, regulatory approvals and other customary closing conditions; Parkland's ability to execute its business strategy; action by other persons or companies; the expected timing of the court approval and the anticipated effective date of the Arrangement may be changed or delayed; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described under the headings "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" in Parkland's current Annual Information Form, under the headings "Forward-Looking Information" and "Risk Factors" in Parkland's Management's Discussion and Analysis for the most recently completed financial period, and under the heading "Risk Factors" in the Information Circular, each as filed on SEDAR+ and available on Parkland's website at The forward-looking statements contained herein are expressly qualified by this cautionary statement. The forward-looking statements contained herein are expressly qualified by this cautionary statement. View original content to download multimedia: SOURCE Parkland Corporation
Yahoo
24-04-2025
- Business
- Yahoo
GeoPark Appoints Felipe Bayon as Chief Executive Officer
BOGOTA, Colombia, April 24, 2025--(BUSINESS WIRE)--GeoPark Limited ("GeoPark" or the "Company") (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. This appointment follows the decision of Andrés Ocampo to step down for personal reasons. Mr. Bayon is recognized as one of the most effective energy executives in Latin America with more than three decades of accomplishments in the international oil and gas industry. From 2017 to 2023, Mr. Bayon was CEO of Ecopetrol (NYSE:EC), one of the most important energy groups in Latin America, where he led 18,000 employees, oversaw production of approximately 700,000 boepd and revenues of over $30 billion, and delivered record financial, operational, and safety results. He is a proven and disciplined dealmaker who brought Ecopetrol into the unconventional Permian Basin in the U.S. in partnership with Oxy — a project that grew from 0 to ca. 150,000 bpd gross in 4 years — into the Brazilian ultra-deep water pre-salt play in partnership with Shell, as well as into a leading position in the Latin American power transmission sector and focused investments in renewable energies, water management, and nature-based climate solutions. Mr. Bayon is a mechanical engineer who began his career in 1991 with Shell in field operations and projects and then moved to BP where he worked for 21 years in increasingly important operational and management roles in Colombia, Argentina, Brazil, Bolivia, the U.S. and the U.K., including his tenure as CEO of Pan American Energy, one of the leading private hydrocarbon producers in Argentina, from 2005 to 2010. Mr. Bayon has served on multiple Boards of Directors across the energy, utilities, education, and technology sectors. Andrés Ocampo has been an invaluable contributor to GeoPark through more than 15 years of service and helped take the Company from its modest beginnings to its current respected reputation and leadership position in the region. Mr. Ocampo, who served as CEO for three years and CFO for more than eight years will continue to support the Company and ensure a seamless handover. Sylvia Escovar, Chair of GeoPark's Board of Directors, said: "On behalf of the Board, we want to thank Andres for his long-time dedication and significant contribution to the Company which has solidly positioned us for future expansion." Ms. Escovar continued: "The Board is very pleased to welcome Felipe Bayon to GeoPark. We believe he will be a catalyst to unlock the abundant opportunities in our region and drive us to transformational growth. Felipe is a true explorer, operator, and consolidator — in line with GeoPark's founding vision — and is committed to taking us forward to achieve our long-term strategic goals and make GeoPark into a larger, stronger, and more successful Company. As he has done consistently in his career, we are confident Felipe will deliver exceptional value to our shareholders, employees, communities, and stakeholders. Felipe brings deep, first-hand knowledge and experience of the assets, basins, markets, and players that shape our business across the regions where we operate, setting the stage for a smooth and swift transition. Most importantly, Felipe has the character, heart, and energy that will strengthen and enhance GeoPark's unique culture of trust, respect, and teamwork across the organization — a key driver of our past success and our future promise." Andrés Ocampo said: "It's been a privilege and joy to be part of the GeoPark story for all these years. I am grateful for the opportunity to have worked with and learn from so many exceptional people, and proud of what we have achieved together. As a long-term shareholder, I believe Felipe is the right CEO to lead us into the future. Welcoming such an accomplished leader marks an important step forward as we enter our next powerful chapter of growth." Felipe Bayón said: "I am excited and honored to join the GeoPark team and to have the opportunity to lead its long-term commitment to further expand its scale, capabilities, bottom-line results, and work to create the model for a successful international independent energy company of the future. There are significant opportunities, the support is strong, and the team is ready to run. My thanks to the GeoPark Board and Management for their trust in me and their relentless resolve to build a great company." NOTICE Additional information about GeoPark can be found in the "Invest with Us" section on the website at Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentages included in this press release have not in all cases been calculated on the basis of such rounded amounts, but on the basis of such amounts prior to rounding. For this reason, certain percentages in this press release may vary from those obtained by performing the same calculations on the basis of the amounts in the financial statements. Similarly, certain other amounts included in this press release may not sum due to rounding. CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as ''anticipate,'' ''believe,'' ''could,'' ''expect,'' ''should,'' ''plan,'' ''intend,'' ''will,'' ''estimate'' and ''potential,'' among others. Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including, drilling campaign, production guidance, closing of acquisition transaction and production consolidation. Forward-looking statements are based on management's beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission (SEC). Oil and gas production figures included in this release are stated before the effect of royalties paid in kind, consumption and losses. Annual production per day is obtained by dividing total production by 365 days. View source version on Contacts For further information, please contact: INVESTORS: Maria Catalina EscobarShareholder Value and Capital Markets Directormescobar@ Miguel BelloInvestor Relations Officermbello@ Maria Alejandra VelezInvestor Relations Leadermvelez@ MEDIA: Communications Departmentcommunications@ Sign in to access your portfolio
