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 Posté le: Lun Sep 30, 2013 11:46 pm Sujet du message: Don Coulter |
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{Don Coulter},[url=http://www.moncler-sale.org]moncler down jackets[/url]
|Dominic SchaeferTue Apr 30, 2013 1:30pm PSTThe banking industry remains complex, challenging and is constantly changing. Don Coulter, CFO of Coast Capital Savings,[url=http://www.moncler-sale.org]discount moncler jackets[/url], has successfully navigated the company through the stormy waters of the financial crisis.Coulter has more than 20 years of experience as a financial executive in Canada, New York and Barbados. His career began in Ontario where he studied mathematics and economics at the University of Toronto. Coulter became a chartered accountant in 1999. Now, 14 years on,[url=http://www.moncler-sale.org]moncler down jackets[/url], he has been voted in to the council of the Institute of Chartered Accountants of British Columbia.Coulter joined Coast Capital in 2009 with the financial crisis in full swing. He set about tackling the challenges that it brought. Coulter created a new strategic and centralized cost management and procurement department to maximize the company's buying power. This lead to $4 million worth of savings and a cost-efficiency ratio of 69%. "Don plays a leading role in the organization's success," said Tracy Redies, Coast Capital CEO. "He was head of the commercial lending division for most of 2010 and took on a leadership support role in repositioning the business."In 2012,[url=http://www.moncler-sale.org]moncler on sale[/url], the commercial lending division saw a $386 million increase in net assets. Coulter also led the process to develop a new three-year strategy. The first year of execution resulted in a record level of profitability,[url=http://www.moncler-sale.org]moncler on sale[/url], enhanced customer satisfaction and promoter scores, and improved employee engagement measures.This has lead to Coast Capital Savings being Canada's largest credit union by membership with total assets under administration of $14.6 billion, with 504,[url=http://www.moncler-sale.org]discount moncler jackets[/url],000 members and 50 branches in the Metro Vancouver, Fraser Valley, and Vancouver Island regions of B.C. •Q&ANomination remarks from Tracy Redies, CEO,[url=http://www.moncler-sale.org]moncler sale[/url], Coast Capital SavingsHow has this nominee demonstrated leadership in finance?Reducing costs became an important part of the company's strategy during the financial crisis. Coulter successfully achieved a cost reduction of 2.5%. To do this he created a centralized cost management and procurement department to maximize Coast Capital Savings' buying power. This was achieved by partnering with other credit unions when acquiring non-strategic goods and services.In 2010 federal legislation to enable credit unions to operate outside of their traditional provincial boundaries was passed. Under Coulter's direction the finance team has been conducting due diligence to review and assess this as a potential growth option.How has this nominee contributed to strategic decision-making and growth of the company?Coulter led the process to develop a new three-year strategy for the company,[url=http://www.moncler-sale.org]moncler sale[/url],[url=http://www.moncler-sale.org]moncler outlet[/url], which included performing a thorough competitive market analysis, evaluating the strategic assets and capabilities of the credit union and developing enhanced member analytics including demographics and value propositions, this led to record-level profitability. In 2012 pre-tax earnings rose 9.3% from $78.5 million to $85.8 million and net income increased by nearly 17% from $62.0 million to $72.4 million.How has this nominee demonstrated a commitment to sound ethics and reporting?Coulter ensures that Coast Capital Savings maintains the highest level of reporting standards. He developed an initiative whereby under his leadership the finance team developed a series of financial literacy development topics for presentation to the board of directors. He also has led an initiative to have the entire finance management team receive certification in International Financial Reporting Standards.How has this nominee demonstrated contributions to sustainability and community initiatives?Coulter has been a member of the board of directors at Kwantlen Polytechnic University Foundation since 2010, he was elected vice-chair in 2011 and is the chair of the fundraising committee and a member of the finance committee. Coulter is an avid soccer fan,[url=http://www.moncler-sale.org]moncler outlet[/url], having played at a competitive level for many years. He competed internationally and is now a coach for his son's team. He also coaches basketball at the local YMCA.
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