Coast Capital Savings has appointed Don Coulter as its new President and Chief Executive Officer. He had been serving as Interim CEO since July 2014.
Coulter joined Coast Capital as Chief Financial Officer in 2009 and has played an instrumental role in the strategic direction and success of the organization over the past six years. During his tenure as CFO, Coast Capital had strong financial performance, growing assets under administration by $2 billion, nearly doubling retained earnings and posting several years of record profits.
He is currently leading the development of Coast Capital's new corporate headquarters, slated for completion in late 2015 as one of the flagship projects in the revitalization of Surrey's city centre.
"Don has done a tremendous job and been an effective leader at Coast Capital for many years. Our extensive Canada-wide search for qualified candidates reinforced Don as the natural choice for the CEO position," said Bill Cooke, Chair of the Board of Directors. "He has extensive experience in financial services, a proven track record of achieving results and a passion for helping our members."
Prior to joining Coast Capital, Don held senior executive positions with CIBC, First Caribbean International Bank and the Ontario Teachers' Pension Plan.
"I'm excited and honoured to have this new opportunity and to be able to continue working with such an incredibly talented executive group and team of employees," Coulter said. "Coast Capital is one of the most innovative, rapidly growing and member focused credit unions in Canada. I intend to build on this proud legacy to help improve the financial well-being of our members and deliver on our purpose to change the way Canadians feel about banking, forever."