Coast Capital fills three board positions in first ever online vote

Pledge to donate $1 for each vote results in $20,000 donation to local Boys and Girls Clubs

SURREY, BC, May 5 /CNW/ - Coast Capital Savings' 2011 directors election resulted in wins not just for incumbent Mary Jordan and new board members Robin Chakrabarti and Susan Senecal, but also for local Boys and Girls Clubs.

That's all thanks to a pledge by Coast Capital to donate $1 for every valid ballot cast to the Boys and Girls Club Services of Greater Victoria and the Boys and Girls Clubs of South Coast BC. The record turnout in the credit union's first ever online election garnered $20,000 for the two organizations.

"Our 2011 board election was historic, not only because we became the first credit union in Canada to implement electronic voting through our online banking platform, but also because we used the process as another opportunity to support the communities we have the privilege of serving," said Coast Capital Savings board chair Bill Wellburn. "Our members have chosen three excellent candidates to serve on the board and the outcome is a win for both Coast Capital and our local Boys and Girls Clubs."

Members gave the nod to Mary Jordan to serve for another term on Coast Capital's board, which she first joined in 2008. Jordan is currently chair of the Vancouver International Airport board and a director on the Vancouver Aquarium and Vancouver Opera boards. She also previously served as a director of the Vancouver Board of Trade and in senior executive positions with Air Canada and American Airlines.

Wellburn said the two newly elected directors, Robin Chakrabarti and Susan Senecal, both bring critical business and board experience to Coast Capital's governance process.

With a background in commercial banking, Chakrabarti's past leadership roles include serving as VP finance and also VP and general manager for Canadian Springs, prior to becoming a founding partner at Empresario Capital. His varied board experience includes serving as current chair of the Vancouver Society of Children's Centres and current director positions on the boards of We Care Health Services and RAMMP Hospitality Brands Inc.

Senecal is vice president, operations, for A&W Food Services of Canada and previously served as director of operations and general manager for the restaurant chain's activities in eastern Canada. In this role she led development, implementation and management of operations and strategies supporting growth of high-calibre franchises, resulting in accelerated new restaurant development. Senecal currently sits on the board of the Canadian Restaurant and Food Services Association.

The newly elected directors will serve a three-year term on the Coast Capital board. Other members of the board are Bill Wellburn (chair), Doug Brownridge, Daniel Burns, Bill Cooke, Christian Findlay, Karen Kesteloo and Glenn Wong.

Wellburn commended two directors who retired this year from Coast Capital's board, Doug Stone and Gail Stephens, for their exemplary service.

"Doug has been a member of the board for 17 years and has made significant contributions to Coast Capital and Gail has played an important role bringing her financial and executive expertise to the board since 2008," Wellburn said. "Our entire membership is grateful for their commitment and dedication to Coast Capital Savings."

For detailed results of the 2011 directors election and to learn more about governance at Coast Capital Savings, visit the credit union's website at www.coastcapitalsavings.com.

To learn more about the Boys and Girls Club Services of Greater Victoria and the Boys and Girls Clubs of South Coast BC (formerly the Boys and Girls Clubs of Greater Vancouver) or to donate to these organizations, visit their websites at www.bgcvic.org and www.bgc-gv.bc.ca, respectively.

Coast Capital Savings Credit Union is one of Canada's largest credit unions with total assets under administration of $12.3 billion, more than 454,000 members and 50 branches in the Metro Vancouver, Fraser Valley, and Vancouver Island regions of British Columbia. Product innovations include Canada's first free chequing account from a full-service financial institution and the country's most flexible mortgage product, the You're the BossTM Mortgage, which was named 2010 Mortgage of the Year by canadianmortgagetrends.com. Coast Capital is a member of Canada's Best Managed Companies Platinum Club and an Imagine Canada Caring Company.


SOURCE Coast Capital Savings Credit Union

For further information:

Divine Agodzo
Manager, media relations, Coast Capital Savings
Tel: 604.517.7549
E-mail: divine.agodzo@coastcapitalsavings.com

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