Freehold Royalties Names New CFO with Parkland Corporation Background
Event summary
- Brad Monaco appointed CFO of Freehold Royalties, effective June 22, 2026.
- Monaco previously served as CFO of Parkland Corporation, with prior roles in finance and strategy.
- Freehold operates ~6.0M gross acres in Canada and ~1.2M gross drilling acres in the U.S.
- Monaco holds a CFA charter and a Bachelor of Commerce from the University of Calgary.
The big picture
Freehold Royalties’ appointment of Brad Monaco as CFO underscores a strategic focus on financial expertise and capital markets acumen. Monaco’s background in energy finance and his recent role at Parkland Corporation suggest a potential shift toward more disciplined capital allocation and operational integration. The move comes as Freehold seeks to solidify its position as a leading North American energy royalty company amid evolving market dynamics.
What we're watching
- Capital Allocation
- How Monaco’s experience in capital markets will influence Freehold’s disciplined capital allocation strategy.
- Operational Integration
- Whether Monaco’s background in acquisitions and integration will drive operational efficiencies at Freehold.
- Investor Confidence
- The impact of Monaco’s CFA credentials and investor perspectives on Freehold’s market positioning.