Surrey, B.C.: During its annual board of directors election, Coast Capital members re-elected incumbents Nancy McKenzie and Christopher Trumpy and newly elected members Susan Dujmovic and Pharid Jaffer.
The results, announced at the credit union’s Annual General and Special Meeting on April 29, 2021, were based on the results from a total of 4,003 valid ballots cast. The four candidates for the board of directors have been elected for three-year terms.
“The candidates filling this year’s board vacancies bring with them a great diversity of experience and expertise,” says Governance & Nominations Committee Chair, Frank Leonard.
“The credit union has a bold new strategy that redefines and punctuates our value proposition, leveraging our roots, capabilities and partners to unlock financial opportunities that positively impact people and communities,” Leonard explains. “This group of business leaders is well aligned to help the credit union realize the potential that lies ahead guided by our new five-year plan.”
This year, Coast Capital was looking for directors with skills and experience in three main areas: national financial services, digital expertise, and experience in public policy and government.
Susan Dujmovic brings more than 30 years of banking experience to her new role and is known as a strategic executive leader with a solid governance skillset. Holding a number of different executive management positions in her time with HSBC Bank Canada, Ms. Dujmovic holds a wealth of knowledge as a director with extensive audit, risk and governance expertise. Currently serving as the Audit Committee Chair for Infrastructure BC, Ms. Dujmovic is a committed member of her community also serving on the boards of non-profit organizations.
With over 20 years of experience in delivering strategic and transformational solutions, Pharid Jaffer, the second new member elected to Coast Capital’s board, has extensive knowledge and expertise in banking and wealth management, government, retail and corporate information technology. As the founder of a leading consultancy, Mr. Jaffer has helped a number of organizations envision, plan and shape their solutions to help transform their information technology and cyber-security initiatives. As an experienced corporate director, Mr. Jaffer continues to bring his insight to the organizations he serves, positively impacting his community and taking time to mentor the leaders of tomorrow.
Starting her second term on the Coast Capital board, Nancy McKenzie is an accounting professional with extensive experience in guiding an organization through significant growth periods. During her 20-year career with Seaspan ULC, the last 12 of which were as Chief Financial Officer, she was responsible for leading the finance, information technology and supply chain, corporate communications and risk and security management teams. She has also managed major capital projects that resulted in decreased costs and improved efficiencies. Ms. McKenzie is an experienced corporate director with deep community involvement in youth sports and brings a depth of business experience to Coast Capital.
The second returning board member, Chris Trumpy, has a background as an accounting professional and is a former Deputy Minister of Finance for the province of British Columbia. As Deputy Minister, he held responsibility for the legislation and government policies related to the Financial Services Authority (the agency that regulates British Columbia’s credit unions) and the Credit Union Deposit Insurance Corporation (the agency that insures member deposits). Mr. Trumpy’s depth of public policy and government background in addition to his financial controls experience at the senior leadership and board level reinforces the broad expertise he brings to Coast Capital. This will be Mr. Trumpy’s fourth and final term as a member of Coast Capital’s Board of Directors.
“I want to thank our members for showing their support for this year’s candidates,” says Board Chair Bob Armstrong. “I would also like to recognize Christian Morrison who concludes her tenure on the board this year. In her 12 years on Coast Capital’s board, she has provided wisdom and experience that has been a valuable asset to ensuring the credit union’s long-term success. We will miss her immensely. On behalf of the entire board, I thank her for her leadership and her commitment. And to the four elected Directors, Susan, Pharid, Chris and Nancy, I am thrilled to have you on the board and look forward to working with each of you as we build better futures together.”
About Coast Capital Savings
Coast Capital is Canada’s largest credit union by membership and B.C.’s first federal credit union. Owned by its nearly 600,000 members, Coast Capital offers banking and investment services digitally across Canada, and through its 50 branches in the Metro Vancouver, Fraser Valley, Okanagan, and Vancouver Island regions of British Columbia. A certified B Corporation, Coast Capital is committed to prioritizing people over profits, investing 10 per cent of its budgeted bottom line in community organizations that empower young Canadians. With a long list of prestigious business accolades, Coast Capital is most notably a B.C. Top Employer, one of Canada’s Best Managed Companies and is also recognized as one of Canada’s Most Admired Corporate Cultures™ as a Hall of Fame designate.
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