Market Overview

Creative and Innovative Payments Expert Named New Central 1 CFO

Share:

Sheila Vokey Joins Central 1 to Provide Strategic Financial Leadership

VANCOUVER, British Columbia, Aug. 20, 2018 (GLOBE NEWSWIRE) -- A deep interest in supporting transformative organizational change through the finance function drew Sheila Vokey to the role of Chief Financial Officer at Central 1 Credit Union (Central 1), an appointment the organization is pleased to announce today. Vokey will begin her role at Central 1 effective October 9, 2018.

"I'm delighted to have the opportunity to contribute to the success of Central 1's members and clients, and to bring my payments and financial services industry experience and perspective to support the success of the organization's strategic and business plans," said Vokey.

Her extensive financial management, corporate strategy and risk management experience in financial services and the payments industry has resulted in successfully finding significant costs savings and process improvement through roles in Payments Canada, Bank of Canada and the Canadian Tourism Association. 

"Sheila's proven success in creating positive change in the financial sector, paired with her understanding of risk and enthusiasm for continuous improvement are a great asset for Central 1," said Mark Blucher, CEO. "We're excited to have her bring her experience in championing innovation from both an enterprise and departmental perspective as we continue to undergo transformational change at Central 1."

Prior to her time in her most recent role as Chief Financial Officer at Payments Canada (a secondment from the Bank of Canada), Vokey was Chief Risk Officer and Advisor to the Governor at Bank of Canada; she has also held the role of Vice President, Finance and Chief Financial Officer at the Canadian Tourism Commission.

Vokey holds a Bachelor of Commerce degree from McGill University, achieved her CA/CPA with KPMG and a Masters' Certificate in Enterprise Risk Management from York University. She also possesses an ICD designation.

In addition to CEO Mark Blucher, Vokey joins Central 1's executive leadership team of Richard Beed, SVP Human Resources; Brent Clode, Chief Investment Officer; David Finnie, Chief Risk Officer; and Marilyn Mauritz, Chief Transformation and Legal Officer, Corporate Secretary.

About Central 1

Central 1 is a preferred partner for financial, digital banking and payment products and services – fuelling the success of businesses across Canada. With $19.5 billion in assets, we leverage our scale, strength and expertise to power progress for more than 300 credit unions and other financial institutions, enhancing the financial well-being of more than 3.4 million customers from coast to coast. For more information, visit central1.com.

Contact
Nicole Adams
Director, Member & External Communications
Cell: 604.360.5974
Email: communications@central1.com

Caution Regarding Forward Looking Statements
This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. These include, without limitation, statements containing the words "may," "will," "intends" and "anticipates" and other similar words and expressions.  Forward-looking statements are based on the opinions and estimates of management at the date the statements are made. Actual results may differ materially from those currently anticipated. Securityholders are cautioned that such forward-looking statements involve risks and uncertainties. Certain important assumptions by Central 1 in making forward-looking statements include, but are not limited to, competitive conditions, economic conditions and regulatory considerations. Important risk factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include economic risks, regulatory risks and other risks detailed from time to time in Central 1's periodic reports filed with securities regulators. Given these risks, the reader is cautioned not to place undue reliance on forward-looking statements. Central 1 undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws.

View Comments and Join the Discussion!