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80 Atlantic Business Magazine | May/June 2017
2017 TOP 50 CEOSRegional Overview
$6 BILLION 2016 revenue
19 CEOs38% of total
5,291 employees37% of total
$2.343 B 2016 revenue39% of total
17 CEOs34% of total
5,305 employees37% of total
$1.112 B 2016 revenue19% of total
NOVA SCOTIA NEWFOUNDLAND & LABRADOR
19 CEOs38% of total38% of total
5,291 5,291 employeesemployees37% of total37% of total
$2.343 B $2.343 B 2016 revenue2016 revenue39% of total39% of total
NOVA SCOTIA
17 CEOs34% of total34% of total
5,305 5,305 employeesemployees37% of total37% of total
$1.112 B $1.112 B 2016 revenue2016 revenue19% of total19% of total
NEWFOUNDLAND & LABRADOR
Amherst 1Antigonish 1Dartmouth 4Enfield 1Falmouth 1Halifax 7Malagash 1New Waterford 1Truro 1Yarmouth 1
CEOS BYCOMMUNITY
CEOS BYCOMMUNITY
Baie Verte 1Bonavista 1Corner Brook 1Happy Valley-Goose Bay 1Mount Pearl 1Paradise 1Pilley’s Island 1St. John’s 10
10CEOs20% of total
2,894employees20% of total
$2.139 B 2016 revenue36% of total
4CEOs8% of total
873employees20% of total
$320 M 2016 revenue6% of total
NEW BRUNSWICK PRINCE EDWARD ISLAND
CEOS BYCOMMUNITY
CEOS BYCOMMUNITY
Fredericton 2Moncton 4Nackawic 1Penobsquis 1Saint John 1Sussex 1
14,363 employees
50CEOs
26communities
Elmsdale 1Charlottetown 3
marcogroup.ca
Congratulations Allan MacIntosh on your Top 50 CEO
Award
81atlanticbusinessmagazine.com | Atlantic Business Magazine
2017 TOP 50 CEOSRegional Overview
$6 BILLION 2016 revenue
19 CEOs38% of total
5,291 employees37% of total
$2.343 B 2016 revenue39% of total
17 CEOs34% of total
5,305 employees37% of total
$1.112 B 2016 revenue19% of total
NOVA SCOTIA NEWFOUNDLAND & LABRADOR
Amherst 1Antigonish 1Dartmouth 4Enfield 1Falmouth 1Halifax 7Malagash 1New Waterford 1Truro 1Yarmouth 1
CEOS BYCOMMUNITY
CEOS BYCOMMUNITY
Baie Verte 1Bonavista 1Corner Brook 1Happy Valley-Goose Bay 1Mount Pearl 1Paradise 1Pilley’s Island 1St. John’s 10
10CEOs20% of total
2,894employees20% of total
$2.139 B 2016 revenue36% of total
4CEOs8% of total
873employees20% of total
$320 M 2016 revenue6% of total
NEW BRUNSWICK PRINCE EDWARD ISLAND
10CEOsCEOs20% of total20% of total
2,894,894employeesemployees20% of total20% of total
$2.139 B $2.139 B 2016 revenue2016 revenue36% of total36% of total
NEW BRUNSWICK
4CEOs8% of total
873873employeesemployees20% of total20% of total
$320 M 2016 revenue6% of total
PRINCE EDWARD ISLAND
CEOS BYCOMMUNITY
CEOS BYCOMMUNITY
Fredericton 2Moncton 4Nackawic 1Penobsquis 1Saint John 1Sussex 1
14,363 employees
50CEOs
26communities
Elmsdale 1Charlottetown 3
www. so u r ce a t l a n t i c . c a
Industrial | Power Transmission | Electrical | Pipes, Valves & FittingsPlumbing & Heating | Rotating Equipment | Specialty Valves & Instrumentation
Hydraulics, Rigging & Rubber | Welding | Metalworking
INNOVATIVE COLLABORATIVETECHNOLOGY DRIVEN SOLUTION
OPTIMIZING INDUSTRY SINCE 1867
Enumerate thisAnalysis shows that, unionized or not, if you work for a Top 50 CEO-led company or organiza-tion, there’s a high probability you received a salary increase last year. Unless you’re the CEO—executive salaries saw little movement in 2016.
UNIONIZED
Top 50 CEO-led companies/organizations that reported salary increases for employees in 2016
Almost half of this year’s Top 50 CEO award winners saw no change in their salary in 2016
94%
45%
Take-home payWhat do the 2017 Top 50 CEOs earn in a year, including bonuses and stock options?
If I had a million dollars100% of the Top 50 CEO award winnersearning $1 million-plus/year are now, or have been, of the entrepreneurial persuasion. The flipside of that is that the entrepreneurs are also mostlikely to make less than $100,000 a year.
What we learnedEducation levels have little to no impact on Top 50 earnings: a CEO with no post-seconday education was just as likely to be in the million-plus salary range as someone with multiple degrees. The key to higher earning potential? The CEO’s appetite for risk
2017 Top 50 CEOs who have founded one or more companies
0-10%Range of annual salary increases among unionized Top 50 CEO-led companies/organizations
2-4%/yearTypical salary increase for 70% of employees among unionized Top 50 CEO-led companies/organizations
0-230%Range of annual salary increases among non-unionized Top 50 CEO-led companies/organizations
5% or higherTypical salary increase for 44% of employees among non-unionized Top 50 CEO-led companies/organizations in 2016; 73% received increases of 3% or more
NOT UNIONIZED
I prefer to take a low salary and reinvest in the company each year and offer staff bonuses.
26%Top 50 CEO-led companies/organizations that are unionized
73%Top 50 CEO-led companies/organizations that are not unionized
0-230%Range of annual salary increases among non-unionized Top 50 CEO-led companies/organizations
5% or higherTypical salary increase for 44% of employees among non-unionized Top 50 CEO-led companies/organizations in 2016; 73% received increases of 3% or more
NOT UNIONIZED
73%Top 50 CEO-led companies/organizations that are not unionized
UNIONIZED
0-10%Range of annual salary increases among unionized Top 50 CEO-led companies/organizations
2-4%/yearTypical salary increase for 70% of employees among unionized Top 50 CEO-led companies/organizations
26%Top 50 CEO-led companies/organizations that are unionizedTop 50 CEO-led companies/organizations that are unionized 6% Less than $100,000
50% $100,001 to $300,000
24% $300,001 to $500,000
8% $500,001 to $750,000
4% $750,001 to $1,000,000
2% $1,000,001 to $1,500,000
6% Over $1,500,000
Executive compensation is performance-based and is calculated using a balanced scorecard approach that takes a number of factors into consideration using business results, client loyalty and employee satisfaction.
68%
83atlanticbusinessmagazine.com | Atlantic Business Magazine
Enumerate thisAnalysis shows that, unionized or not, if you work for a Top 50 CEO-led company or organiza-tion, there’s a high probability you received a salary increase last year. Unless you’re the CEO—executive salaries saw little movement in 2016.
UNIONIZED
Top 50 CEO-led companies/organizations that reported salary increases for employees in 2016
Almost half of this year’s Top 50 CEO award winners saw no change in their salary in 2016
94%
45%
Take-home payWhat do the 2017 Top 50 CEOs earn in a year, including bonuses and stock options?
If I had a million dollars100% of the Top 50 CEO award winnersearning $1 million-plus/year are now, or have been, of the entrepreneurial persuasion. The flipside of that is that the entrepreneurs are also mostlikely to make less than $100,000 a year.
What we learnedEducation levels have little to no impact on Top 50 earnings: a CEO with no post-seconday education was just as likely to be in the million-plus salary range as someone with multiple degrees. The key to higher earning potential? The CEO’s appetite for risk
2017 Top 50 CEOs who have founded one or more companies
0-10%Range of annual salary increases among unionized Top 50 CEO-led companies/organizations
2-4%/yearTypical salary increase for 70% of employees among unionized Top 50 CEO-led companies/organizations
0-230%Range of annual salary increases among non-unionized Top 50 CEO-led companies/organizations
5% or higherTypical salary increase for 44% of employees among non-unionized Top 50 CEO-led companies/organizations in 2016; 73% received increases of 3% or more
NOT UNIONIZED
I prefer to take a low salary and reinvest in the company each year and offer staff bonuses.
26%Top 50 CEO-led companies/organizations that are unionized
73%Top 50 CEO-led companies/organizations that are not unionized
6% Less than $100,000
50% $100,001 to $300,000
24% $300,001 to $500,000
8% $500,001 to $750,000
4% $750,001 to $1,000,000
2% $1,000,001 to $1,500,000
6% Over $1,500,000
Executive compensation is performance-based and is calculated using a balanced scorecard approach that takes a number of factors into consideration using business results, client loyalty and employee satisfaction.
68%
Creating jobs supporting our
loCal Communityand
Community involvement is a priority for Canaport LNG: over the last five years, we have invested over $1.5 million into community programs, events and organizations in saint john and surrounding areas.
Canaport LNG employs approximately 90 people, including contractors, on a permanent full-time basis and continues to draw on the professional services of many companies in saint john to support the implementation of operational, environmental and safety programs.
Canaport LNG - Atlantic Business Mag 2017 - 7.125w x 4.875h - v7.indd 1 12/5/2016 10:50:40 AM
84 Atlantic Business Magazine | May/June 2017
23% Stewart McKelvey
20% McInnes Cooper
18% Cox & Palmer
8% Boyne Clarke
5% Benson Bu�ett
5% Wickwire Holm
B2BWhich brands do Top 50 CEOs trust with their business?
Top 50 CEOs who say they are planning to expand their marketing e�orts in 2018
80%
Take it to the bankPreferred financial institutions for Top 50 CEO-led companies/organizations(based on 43 of 50 respondents)
It all adds upPreferred accounting firms for Top 50 CEO-led companies/organizations (based on 43 of 50
respondents where a firm was listed more than once)
18% Social media (FaceBook/Twitter/LinkedIn/etc.) 18% Traditional advertising (print/TV/radio) 18% Website/Google adwords/Search Engine Optimization 11% Participation in conferences/tradeshows/industry publications 10% Earned media/sponsored content 8% Networking/personal sales calls 6% Sponsorship of events/projects/philanthropic initiatives 5% Experiential events where clients can test product 4% Branded products 2% Word of mouth
If your clients are saying good things about you, nothing is more powerful. That's equally true if they speak negatively.
TouchDownAmong Top 50 CEO-led companies/organizations with $100 million+ in annual revenue, the majority bank with TD
Top 50 CEO-led companies/organizations that use inhouse resources for marketing strategy/creative
39%
23% TD
19% RBC
17% Scotiabank
14% BMO
12% CIBC
7% Credit Union
2% Bank of America
2% Banque Nationale
2% Desjardins
2% HSBC
Bona fidesPreferred law firms for Top 50 CEO-led companies/organizations (based on 45 of 50 respondents)
33% Grant Thornton
14% Deloitte
13% Harris Ryan
10% BDO
10% Collins Barrow
10% KPMG
10% PWC
It’s not the medium, it’s the messageWhen we asked the Top 50 CEOs to list their most and least e�ective forms of marketing, there was a lot of duplication on both sides of the ledger. Digital, social, radio, TV and print all made an appearance on each list. According to these award winners, the message is more important than the vehicle you choose to deliver it.
Getting creativeHow are Top 50 CEOs currently marketing their company/organization?
3% Burgess Law O¢ce
3% Cassels Brock
3% EY Law
3% Key Murphy Law
3% McGrath Boyd
3% O’Brien White
3% Roebothan McKay Marshall
The most effective
form of marketing is through authentic and compelling
storytelling. Presenting relatable stories to
your audience, when they can see themselves
as part of your work, that's when you really connect.
Relying on past marketing efforts, using the same mix for every type of customer and being afraid to try new options is the least effective use of marketing spend.
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85atlanticbusinessmagazine.com | Atlantic Business Magazine
23% Stewart McKelvey
20% McInnes Cooper
18% Cox & Palmer
8% Boyne Clarke
5% Benson Bu�ett
5% Wickwire Holm
B2BWhich brands do Top 50 CEOs trust with their business?
Top 50 CEOs who say they are planning to expand their marketing e�orts in 2018
80%
Take it to the bankPreferred financial institutions for Top 50 CEO-led companies/organizations(based on 43 of 50 respondents)
It all adds upPreferred accounting firms for Top 50 CEO-led companies/organizations (based on 43 of 50
respondents where a firm was listed more than once)
18% Social media (FaceBook/Twitter/LinkedIn/etc.) 18% Traditional advertising (print/TV/radio) 18% Website/Google adwords/Search Engine Optimization 11% Participation in conferences/tradeshows/industry publications 10% Earned media/sponsored content 8% Networking/personal sales calls 6% Sponsorship of events/projects/philanthropic initiatives 5% Experiential events where clients can test product 4% Branded products 2% Word of mouth
If your clients are saying good things about you, nothing is more powerful. That's equally true if they speak negatively.
18% Social media (FaceBook/Twitter/LinkedIn/etc.)18% Traditional advertising (print/TV/radio)18% Website/Google adwords/Search Engine Optimization11% Participation in conferences/tradeshows/industry publications10% Earned media/sponsored content
8% Networking/personal sales calls 6% Sponsorship of events/projects/philanthropic initiatives 5% Experiential events where clients can test product 4% Branded products 2% Word of mouth
If your clients are saying good things about you, nothing is more powerful. That's equally
TouchDownAmong Top 50 CEO-led companies/organizations with $100 million+ in annual revenue, the majority bank with TD
Top 50 CEO-led companies/organizations that use inhouse resources for marketing strategy/creative
39%
23% TD
19% RBC
17% Scotiabank
14% BMO
12% CIBC
7% Credit Union
2% Bank of America
2% Banque Nationale
2% Desjardins
2% HSBC
Bona fidesPreferred law firms for Top 50 CEO-led companies/organizations (based on 45 of 50 respondents)
33% Grant Thornton
14% Deloitte
13% Harris Ryan
10% BDO
10% Collins Barrow
10% KPMG
10% PWC
It’s not the medium, it’s the messageWhen we asked the Top 50 CEOs to list their most and least e�ective forms of marketing, there was a lot of duplication on both sides of the ledger. Digital, social, radio, TV and print all made an appearance on each list. According to these award winners, the message is more important than the vehicle you choose to deliver it.
Getting creativeHow are Top 50 CEOs currently marketing their company/organization?
3% Burgess Law O¢ce
3% Cassels Brock
3% EY Law
3% Key Murphy Law
3% McGrath Boyd
3% O’Brien White
3% Roebothan McKay Marshall
The most effective
form of marketing is through authentic and compelling
storytelling. Presenting relatable stories to
your audience, when they can see themselves
as part of your work, that's when you really connect.
Relying on past marketing efforts, using the same mix for every type of customer and being afraid to try new options is the least effective use of marketing spend.
86 Atlantic Business Magazine | May/June 2017
Service & knowledge-based
26%
74%
Goods-producing
Revenue
Top 50 CEOs who say they are actively planning to hire additional sta� and expand their company/ organization in 2018
88%
Battle of the sectorsA comparison of Top 50 CEO-led companies/organizations by industrial activity, revenue and employment.
Masitek Instruments Inc.(Tracy Clinch, president & CEO)
Canada’s Smartest Kitchen (Peter Crooks, executive director)
Vigilant Management(Terry Hussey, CEO)
Kinduct (Dr. Travis McDonough, CEO & founder)
Team Broken Earth(Dr. Andrew Furey, president & CEO)
Nunacor Group of companies (Andy Turnbull, CEO)
Lisa Drader-Murphy(Lisa Drader-Murphy, president/designer)
Bonavista Living(John Norman, chief operating o�cer)
Mrs. Dunster’s (1996) Inc.(Blair Hyslop, president)
Vic Progressive(Dr. Laura Araneda, president & CEO)
352%
182%
171%
150%
133%
123%
120%
110%
93%
92%
Maximum velocityFastest-growing Top 50 CEO-led companies/organizations, measured by revenue growth from 2014-2016
Service & knowledge-based
27%
73%
Industries
Goods-producing
Service & knowledge-based
15%
85%
Goods-producing
Employment
Utility
Mining and o
il/gas extractio
n
Manufacturing
Co
nstruction
Agriculture, fo
restry,fishing and hunting
Who
lesale trade
Transportatio
n andw
arehousing
Retail trade
Real estate, rental
and leasing
Professional, scientificand technical services
Inform
ation and
cultural industries
Finance and insurance
Education
Arts, entertainm
entand recreatio
n
Acco
mm
odatio
nand fo
od services
Industrial activity
Revenue generators
Employer
Pe
rce
nt
(%)
44%
56%
33%
NO
YES
Main markets
Atlantic Canada
19%Canada
10%Europe
5%South America
7%Asia
5%Middle East
3%Africa
2%Australia
16%United States
GOODS-PRODUCING SERVICE-INDUSTRY
Import/export?
0
5
10
15
20
25
30
©20
17 E
rnst
& Y
oung
LLP
. All
Rig
hts
Rese
rved
. 221
7963
ED
Non
e.
Did you know that 43% of global companies plan to divest in the next two years? Find out why — and dive deeper — in EY’s Global Divestment Study 2017.ey.com/ca/divest #BetterQuestions
Can divesting help you capitalize on disruption?
Contact our Atlantic Canada Transaction Advisory team to learn more:
Jim Lutes +1 506 634 2158 [email protected]
Paul Hickey +1 709 570 5404 [email protected]
Steve McLaughlin +1 506 388 7762 [email protected]
Brennan Stewart +1 902 421 6259 [email protected]
Heather Crosby +1 506 634 7024 [email protected]
Xavier Couture +1 902 421 6288 [email protected]
87atlanticbusinessmagazine.com | Atlantic Business Magazine
Service & knowledge-based
26%
74%
Goods-producing
Revenue
Top 50 CEOs who say they are actively planning to hire additional sta� and expand their company/ organization in 2018
88%
Battle of the sectorsA comparison of Top 50 CEO-led companies/organizations by industrial activity, revenue and employment.
Masitek Instruments Inc.(Tracy Clinch, president & CEO)
Canada’s Smartest Kitchen (Peter Crooks, executive director)
Vigilant Management(Terry Hussey, CEO)
Kinduct (Dr. Travis McDonough, CEO & founder)
Team Broken Earth(Dr. Andrew Furey, president & CEO)
Nunacor Group of companies (Andy Turnbull, CEO)
Lisa Drader-Murphy(Lisa Drader-Murphy, president/designer)
Bonavista Living(John Norman, chief operating o�cer)
Mrs. Dunster’s (1996) Inc.(Blair Hyslop, president)
Vic Progressive(Dr. Laura Araneda, president & CEO)
352%
182%
171%
150%
133%
123%
120%
110%
93%
92%
Maximum velocityFastest-growing Top 50 CEO-led companies/organizations, measured by revenue growth from 2014-2016
Service & knowledge-based
27%
73%
Industries
Goods-producing
Service & knowledge-based
15%
85%
Goods-producing
Employment
Utility
Mining and o
il/gas extractio
n
Manufacturing
Co
nstruction
Agriculture, fo
restry,fishing and hunting
Who
lesale trade
Transportatio
n andw
arehousing
Retail trade
Real estate, rental
and leasing
Professional, scientificand technical services
Inform
ation and
cultural industries
Finance and insurance
Education
Arts, entertainm
entand recreatio
n
Acco
mm
odatio
nand fo
od services
Industrial activity
Revenue generators
Employer
Pe
rce
nt
(%)
44%
56%
33%
NO
YES
Main markets
Atlantic Canada
19%Canada
10%Europe
5%South America
7%Asia
5%Middle East
3%Africa
2%Australia
16%United States
GOODS-PRODUCING SERVICE-INDUSTRY
Import/export?
0
5
10
15
20
25
30
88 Atlantic Business Magazine | May/June 2017
We rely on computer operated equipment throughout our operation: Newtec optical potato grader; Hagan computerized sizer; 2 Volm computerized baggers; GPS farm guidance systems (planting, fertilizer application, soil sampling, etc.); internet based video security system and 10 computer work stations. I can’t imagine operating a large potato farm and packing operation without computers.
The primary role of the IWK Foundation is to raise funds to support the mission and vision of the IWK Health Centre. …every day I get to work towards leaving a legacy and leading an amazing team of professionals and committed group of volunteers who are helping support women, children and youth in our region.
$30,754,293.36
Deepest pocketsMost generous Top 50 CEO-led companies/organizations in 2016
1. IWK FOUNDATION 2. RBC3. TEAM BROKEN EARTH4. MARY BROWN’S INC.5. PAL GROUP Jennifer Gillivan, president and CEO, IWK Foundation
It is critical I stay connected
wherever I am as our operation runs 24 hours
a day, 365 days a year and serves millions
of people.
John Gri�n, W.P. Gri�n Inc.
Joyce CarterHalifax International
Airport Authority
Top 50 CEOs who identified the i-family of gadgets (iPhone/iPad) as their preferred mobile device
61%
Value of cash and in-kind charitable contributions by Top 50 CEO-led companies/organizations in 2016
315Total professional/business associations/memberships for all Top 50 CEOs
19Most professional/business associations/memberships for a single Top 50 CEO (Dr. Alaa Abd-El-Aziz, UPEI)
16Most personal (not corporate) volunteer commitments for a single Top 50 CEO (tied between Don Bureaux, NSCC and John Norman, Bonavista Living)
248Total personal (not corporate) volunteer commitments for all Top 50 CEOs
The great enablersWhich single piece of technology is most important to Top 50 CEOs and how they conduct business?
66% Mobile devices
12% Internet/email
8% Industry-specific machinery
8% Computer
4% Telephone
2% Industry-specific software
89atlanticbusinessmagazine.com | Atlantic Business Magazine
Nationally acclaimed and award winning property
45 minutes from downtown Halifax
Privacy focused resort setting
Wi-Fi, AV enabled collaboration space
Meeting space for 50
Executive class seaside accommodations
Overnight single occupancy accommodation for 32
Gourmet catering by our in-house Chef
5 minutes from Peggy’s Cove
Year-round service
Award winning restaurant on-site
stokethefire.ca
We rely on computer operated equipment throughout our operation: Newtec optical potato grader; Hagan computerized sizer; 2 Volm computerized baggers; GPS farm guidance systems (planting, fertilizer application, soil sampling, etc.); internet based video security system and 10 computer work stations. I can’t imagine operating a large potato farm and packing operation without computers.
The primary role of the IWK Foundation is to raise funds to support the mission and vision of the IWK Health Centre. …every day I get to work towards leaving a legacy and leading an amazing team of professionals and committed group of volunteers who are helping support women, children and youth in our region.
$30,754,293.36
Deepest pocketsMost generous Top 50 CEO-led companies/organizations in 2016
1. IWK FOUNDATION 2. RBC3. TEAM BROKEN EARTH4. MARY BROWN’S INC.5. PAL GROUP Jennifer Gillivan, president and CEO, IWK Foundation
It is critical I stay connected
wherever I am as our operation runs 24 hours
a day, 365 days a year and serves millions
of people.
John Gri�n, W.P. Gri�n Inc.
Joyce CarterHalifax International
Airport Authority
Top 50 CEOs who identified the i-family of gadgets (iPhone/iPad) as their preferred mobile device
61%
Value of cash and in-kind charitable contributions by Top 50 CEO-led companies/organizations in 2016
315Total professional/business associations/memberships for all Top 50 CEOs
19Most professional/business associations/memberships for a single Top 50 CEO (Dr. Alaa Abd-El-Aziz, UPEI)
16Most personal (not corporate) volunteer commitments for a single Top 50 CEO (tied between Don Bureaux, NSCC and John Norman, Bonavista Living)
248Total personal (not corporate) volunteer commitments for all Top 50 CEOs
The great enablersWhich single piece of technology is most important to Top 50 CEOs and how they conduct business?
66% Mobile devices
12% Internet/email
8% Industry-specific machinery
8% Computer
4% Telephone
2% Industry-specific software
90 Atlantic Business Magazine | May/June 2017
I believe there’s an entrepreneurial spirit in all of us that can influence culture and ignite community prosperity. Too often we think of entrepreneurs as just those who start a business. But I think it can also be the way you approach your work, and even your life. When you harness the entrepreneur in yourself, you can seize opportunity and do amazing things. That can be starting a business, but it can also be growing as a person and an employee, by bringing innovative ideas to the table, wanting to see your community, your company, and the province, get better.
38% Both
35% Born that way
6% Taught
20% No response
Nature vs. nurtureCan someone be taught to be an entrepreneur, or are they just born that way?Did you
know?This year’s award winners have attended 42 di�erent
post-secondary institutions around
the world
If we foster the right conditions and
environments, we will encourage more risk-taking, innovation and collaboration
that will generate and support more entrepreneurs
in Atlantic Canada.
A matter of degree
Top 50 survey says...
41% Undergraduate
29% Master
12% College graduate
8% Doctorate
6% Some post-secondary
4% High school
Highest level of education among 2017 Top 50 CEOs
Being an entrepreneur has little to do with how smart you are, how hard you work or what your idea is. It is all about being able to risk it all, day in and day out, in pursuit of some purpose that is so important to you that you would rather have nothing than not try to make it a reality.
Passion is something that
cannot be taught.
You simply must have it inside you.
“ “
” ”
For the love of learningMost popular schools among Atlantic Business Magazine’s 2017 Top 50 CEOs 1. Memorial University of Newfoundland2. Saint Mary’s University3. Ivey Business School University of Western Ontario4. Dalhousie University5. St. Francis Xavier
6. University of New Brunswick 7. Acadia 8. Mount Allison 9. Université de Moncton10. Rotman School of Management University of Toronto
Saint John 506-847-4169 | Moncton 506-853-0006 | Dartmouth 902-860-2425 Sydney 902-270-3661 | Corner Brook 709-785-5505 | Labrador City 709-280-5453
St. John’s 709-781-3264 | Gander 709-651-4909 | Marystown 709-279-3012
www.belfor.com
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LEADING THE WORLD RESTORING YOURS YOURS
91atlanticbusinessmagazine.com | Atlantic Business Magazine
I believe there’s an entrepreneurial spirit in all of us that can influence culture and ignite community prosperity. Too often we think of entrepreneurs as just those who start a business. But I think it can also be the way you approach your work, and even your life. When you harness the entrepreneur in yourself, you can seize opportunity and do amazing things. That can be starting a business, but it can also be growing as a person and an employee, by bringing innovative ideas to the table, wanting to see your community, your company, and the province, get better.
38% Both
35% Born that way
6% Taught
20% No response
Nature vs. nurtureCan someone be taught to be an entrepreneur, or are they just born that way?Did you
know?This year’s award winners have attended 42 di�erent
post-secondary institutions around
the world
If we foster the right conditions and
environments, we will encourage more risk-taking, innovation and collaboration
that will generate and support more entrepreneurs
in Atlantic Canada.
A matter of degree
Top 50 survey says...
41% Undergraduate
29% Master
12% College graduate
8% Doctorate
6% Some post-secondary
4% High school
Highest level of education among 2017 Top 50 CEOs
Being an entrepreneur has little to do with how smart you are, how hard you work or what your idea is. It is all about being able to risk it all, day in and day out, in pursuit of some purpose that is so important to you that you would rather have nothing than not try to make it a reality.
Passion is something that
cannot be taught.
You simply must have it inside you.
“ “
” ”
For the love of learningMost popular schools among Atlantic Business Magazine’s 2017 Top 50 CEOs 1. Memorial University of Newfoundland2. Saint Mary’s University3. Ivey Business School University of Western Ontario4. Dalhousie University5. St. Francis Xavier
6. University of New Brunswick 7. Acadia 8. Mount Allison 9. Université de Moncton10. Rotman School of Management University of Toronto
We take care of the million little things.As a locally owned family business, we’ve been taking care of the million little things for our leisure and business guests for over 40 years. Our guests enjoy a variety of complimentary amenities, including wifi, an airport shuttle, and continental breakfast served daily from 4–9 am. We are the perfect venue for small and large meetings, banquets, weddings, and more, all with exceptional catering from Clancy’s Kitchen & Bar. We are conveniently located near St. John’s International Airport, but still minutes away from golf courses, shopping, and a variety of convention and tourism destinations. We provide personalized offerings for meetings and events, along with our Lowest Price Guarantee at choicehotels.com.
106 Airport RoadSt. John’s1.866.612.5600comfortinnstjohns.com
Rested. Set. Go.®
92 Atlantic Business Magazine | May/June 2017
A new record!
17 award winners are women—the most we’ve ever had in a
single year
Demographicallyspeaking
66%Male
31Age of the two youngest CEOs on this year’s list
News cycleKnowledge is power, which is why award-winning CEOs have an insatiable appetite for news and information
Most trusted sources of news/information
I like to ease into my day by reading several newspapers. On my way to and from work, I listen to the radio. Throughout the day I’ll refer to various online sources and the last thing I do in the evening is watch the late night TV news.
I find that there’s a different relationship with print than there is with other news media. You absorb more information and it stays with you longer. Plus, it’s the only media where the advertising is part of the experience rather than an annoying distraction.
CEOs by age range
The CBC was ranked as the Top 50’s most trusted news channel
84% Married with one or more children
34%Female
Top 50 under 50
Where do they get news/information 24% Digital version of traditional media
20% Digital news feeds/podcasts
18% TV
15% Print
12% Radio
7% Social media
4% Colleagues
29% Public broadcaster
13% National/international newspaper
13% Magazines
12% Industry-specific research/publications
11% Commercial TV station
10% Local newspaper
6% Colleagues
4% Commercial radio
2% Social media
12% Under 40
16% 41-45
32% 46-50
22% 51-55
10% 55-60
6% 61-65
2% Over 65
60%
#1
93atlanticbusinessmagazine.com | Atlantic Business Magazine
Congratulations to the 2017 Atlantic Business
Magazine Top 50 CEO Award Winners.
Please consider St. John’s for your next event.
destinationstjohns.com
A new record!
17 award winners are women—the most we’ve ever had in a
single year
Demographicallyspeaking
66%Male
31Age of the two youngest CEOs on this year’s list
News cycleKnowledge is power, which is why award-winning CEOs have an insatiable appetite for news and information
Most trusted sources of news/information
I like to ease into my day by reading several newspapers. On my way to and from work, I listen to the radio. Throughout the day I’ll refer to various online sources and the last thing I do in the evening is watch the late night TV news.
I find that there’s a different relationship with print than there is with other news media. You absorb more information and it stays with you longer. Plus, it’s the only media where the advertising is part of the experience rather than an annoying distraction.
CEOs by age range
The CBC was ranked as the Top 50’s most trusted news channel
84% Married with one or more children
34%Female
Top 50 under 50
Where do they get news/information 24% Digital version of traditional media
20% Digital news feeds/podcasts
18% TV
15% Print
12% Radio
7% Social media
4% Colleagues
29% Public broadcaster
13% National/international newspaper
13% Magazines
12% Industry-specific research/publications
11% Commercial TV station
10% Local newspaper
6% Colleagues
4% Commercial radio
2% Social media
12% Under 40
16% 41-45
32% 46-50
22% 51-55
10% 55-60
6% 61-65
2% Over 65
60%
#1
94 Atlantic Business Magazine | May/June 2017
Amherst Branch 33 Prince Arthur St., Toll Free: 866-318-7541
Truro Branch 347 Willow St., Toll Free: 866-893-7134
Communitywww.communitycu.ca
A “Community” Financial Services Organization
You Can Bank On
Darrell Kuhn, President & CEOCommunity Credit Union
The Board of Directors are proud to recognize President & CEO, Darrell Kuhn, for his selection for the third consecutive year as Atlantic Business Magazine’s Top 50 CEO’s and congratulate all Top 50 CEO’s for their visionary leadership.
Mr. Kuhn, assumed the role of President & CEO of Community in 2007 and since that time has provided transformational leadership to the Credit Union. He has been instrumental in creating a new brand awareness program and in forging community partnerships that have greatly benefited the Colchester & Cumberland counties.
CommCU_Darrell CEO AD.indd 1 2017-03-24 2:42 PM
DowntimeEnviably, the majority of Top 50 CEOs are entitled to a month or more of annual leave. But does it really matter if it’s one week or 10? 58% say they leave time on the books every year
How much annual leave could they have, if they chose to take it?
Favorite vacations
3,000Minimum number of days
on the road for Top 50 CEOs each year; 12 CEOs are out of town for 100+ days per year (one CEO travels a reported
230+ days annually)
CEOs who said Air Canada is theirpreferred airline
“They have a great loyalty program and more flight options than anyone else in Canada.”
“Marriott, hands down. They offer worldwide locations, premium amenities and their customer loyalty program is second to none!”
Top of the hotel chainMarriott was the number one choice for Top 50 business travel. Other hotels in the top five: Fairmont; Intercontinental Hotel Group; Sheraton; and, Delta.
Best travel advice?• Get an aisle seat for quick bathroom visits and minimize alcoholic drinks while crossing time zones
• Pack light—carry on only!
• A lounge pass is a great purchase if you’re in an airport for a lengthy period and prefer a quiet, comfortable place to work
• For trips where jet lag may be an issue, go a day early to allow yourself to get onto local time prior to needing to be sharp in a business capacity
• Watch for weather advisories. If a travel advisory comes up for one of your airport legs, you can change your travel plans for free. First come, first served
• Once you leave home, many things are completely out of your control. So control the one thing you can—your attitude. Travel is much easier when you're relaxed and happy
• Pre-purchase your seat to avoid issues with overbooked flights
• Stay hydrated and eat properly, it will help your immune system stay strong
• Make the most of every trip. Figure out the most interesting event, concert or festival and plan to enjoy it during your downtime
• Be early. Allow plenty of time at the airport. Get Nexus!
Most popularcar brands(currently owned by Top 50 CEOs)
1. Ford2. Mercedes3. Audi4. BMW5. Toyota
Where the rubber hits the road(types of vehicles,currently owned by Top 50 CEOs)
62%
2% 3 weeks
30% 4 weeks
24% 5 weeks
20% 6 weeks
4% 7 weeks
2% 8 weeks
16% Unlimited
2% no response
21% Cultural and learning experience
20% Somewhere warm/beach destination
18% Time with family and friends, regardless of location
17% Outdoor adventure activities
10% Exploring Europe
4% Staycation in Atlantic Canada
3% Attending concerts/festivals/sporting events
3% Golf
3% Urban escape to major city
1% Shopping
28% Pickup truck 27% SUV 21% Luxury auto 9% 4-door sedan 9% Sports car 2% Cube van 2% Minivan 2% Motorcycle
I had to google the
definition of vacation—Iwork near
all the time.
Most wantedAsked to identify their “dream machine”, first place among Top 50 responses was a tie between the environmentally-friendly electric cars produced by Tesla, and the gas guzzling but oh-so-stylish classic muscle cars of the ‘60s. Other vehicles mentioned include a private jet, a space shuttle and a yacht (provided it came with enough time to use it). The majority of responses were a very humble “I’m already driving it.”
95atlanticbusinessmagazine.com | Atlantic Business Magazine
DowntimeEnviably, the majority of Top 50 CEOs are entitled to a month or more of annual leave. But does it really matter if it’s one week or 10? 58% say they leave time on the books every year
How much annual leave could they have, if they chose to take it?
Favorite vacations
3,000Minimum number of days
on the road for Top 50 CEOs each year; 12 CEOs are out of town for 100+ days per year (one CEO travels a reported
230+ days annually)
CEOs who said Air Canada is theirpreferred airline
“They have a great loyalty program and more flight options than anyone else in Canada.”
“Marriott, hands down. They offer worldwide locations, premium amenities and their customer loyalty program is second to none!”
Top of the hotel chainMarriott was the number one choice for Top 50 business travel. Other hotels in the top five: Fairmont; Intercontinental Hotel Group; Sheraton; and, Delta.
Best travel advice?• Get an aisle seat for quick bathroom visits and minimize alcoholic drinks while crossing time zones
• Pack light—carry on only!
• A lounge pass is a great purchase if you’re in an airport for a lengthy period and prefer a quiet, comfortable place to work
• For trips where jet lag may be an issue, go a day early to allow yourself to get onto local time prior to needing to be sharp in a business capacity
• Watch for weather advisories. If a travel advisory comes up for one of your airport legs, you can change your travel plans for free. First come, first served
• Once you leave home, many things are completely out of your control. So control the one thing you can—your attitude. Travel is much easier when you're relaxed and happy
• Pre-purchase your seat to avoid issues with overbooked flights
• Stay hydrated and eat properly, it will help your immune system stay strong
• Make the most of every trip. Figure out the most interesting event, concert or festival and plan to enjoy it during your downtime
• Be early. Allow plenty of time at the airport. Get Nexus!
Most popularcar brands(currently owned by Top 50 CEOs)
1. Ford2. Mercedes3. Audi4. BMW5. Toyota
Where the rubber hits the road(types of vehicles,currently owned by Top 50 CEOs)
62%
2% 3 weeks
30% 4 weeks
24% 5 weeks
20% 6 weeks
4% 7 weeks
2% 8 weeks
16% Unlimited
2% no response
21% Cultural and learning experience
20% Somewhere warm/beach destination
18% Time with family and friends, regardless of location
17% Outdoor adventure activities
10% Exploring Europe
4% Staycation in Atlantic Canada
3% Attending concerts/festivals/sporting events
3% Golf
3% Urban escape to major city
1% Shopping
28% Pickup truck 27% SUV 21% Luxury auto 9% 4-door sedan 9% Sports car 2% Cube van 2% Minivan 2% Motorcycle
I had to google the
definition of vacation—Iwork near
all the time.
Most wantedAsked to identify their “dream machine”, first place among Top 50 responses was a tie between the environmentally-friendly electric cars produced by Tesla, and the gas guzzling but oh-so-stylish classic muscle cars of the ‘60s. Other vehicles mentioned include a private jet, a space shuttle and a yacht (provided it came with enough time to use it). The majority of responses were a very humble “I’m already driving it.”
