Business

Toy to lead Westminster Savings

Gavin Toy has been appointed president and CEO of Westminster Savings. - Photo contributed
Gavin Toy has been appointed president and CEO of Westminster Savings.
— image credit: Photo contributed

Westminster Savings has promoted from within to fill the vacancy that will be left behind with the retirement of president and chief executive officer Barry Forbes, who is leaving after 41 years with the organization.

Gavin Toy, who was has been senior vice-president and chief financial officer for the New Westminster-based credit union and its subsidiaries, will take over on Oct. 29.

"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 increasing competitive market," said Bill Brown, chair of the board of directors in a press release. "We conducted an extensive search and are very pleased we can draw upon one of our own to lead Westminster Savings."

Before joining the company in March 2011, Toy was with BCAA for 16 years, with his most recent position being senior vice-president and COO.

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