Westminster Savings Appoints New President and Chief Executive Officer

New Westminster, BC, October 26, 2012 – The Board of Westminster Savings is pleased to announce the appointment of Gavin Toy as President and Chief Executive Officer. Mr. Toy was most recently Senior Vice President and Chief Financial Officer for Westminster Savings and its subsidiaries.

"Gavin Toy has played an integral part in developing our strategic direction, and we have every confidence in his ability to continue to drive change through his strong leadership skills in what is an increasingly competitive market," said Bill Brown, Chair of the Board of Directors. “We conducted an extensive search and are very pleased that we can draw upon one of our own to lead Westminster Savings."

Prior to joining Westminster Savings in March 2011, Mr. Toy held a number of executive level positions with another prominent BC member-based organization. Most recently he was Senior Vice President and Chief Operations Officer at BCAA with responsibility for all customer-facing operations. This included more than 700 employees operating out of 28 retail branches, two contact centres and a province-wide fleet of roadside vehicles. Spanning a 16-year career at BCAA, other roles included Vice President Finance and Corporate Development, Director of Finance and Treasury Manager. Mr. Toy is a Chartered Accountant and a graduate of the Queen's University Executive Leadership program. He holds a business degree from Simon Fraser University and has been a lifelong resident of the Tri-Cities area.

"I am honoured and very excited for the opportunity to lead the 400 dedicated people who work at Westminster Savings and who have made it one of Canada’s top 50 employers," said Mr. Toy.

Mr. Toy will assume his new role on Monday, October 29. He replaces Barry Forbes, who is retiring after 41 years with the organization.

"On behalf of the Board, Westminster Savings employees and our members, I thank Barry Forbes for his passion and commitment to the organization and his exemplary leadership through his long and distinguished career and wish him well in retirement," Mr. Brown said.


About Westminster Savings

Headquartered in New Westminster, Westminster Savings Credit Union provides a full range of retail, commercial and wealth management services, plus vehicle and equipment leasing services through its wholly-owned subsidiaries WS Leasing Ltd. and Mercado Capital Corporation. Its 400 employees serve 60,000 members and customers with $2.7 billion in assets under management from a network of 12 retail branches across metro Vancouver and leasing offices in British Columbia, Alberta, Manitoba and Ontario.

For more information:

Judy Hsu
jhsu@national.ca
604-638-7454

 

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