Co-CEOs of Canadian credit union prove two heads are better than one

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Rare co\u002DCEOs of BC credit union Gulf \u0026amp\u003B Fraser are retiring after working together for 20 years in what\u0027s been a remarkable run. Read on.

Boys, as in, plural, and not the individual boy named Michael, the Canadian crooner and global sensation who happens to be Bublé’s son, as well as the person the retired B.C. commercial fisherman most often gets asked about.“I always joke that Michael was our first child, our experiment,” he said. “And then our two girls turned out perfect.”

“When it comes to the top of the mountain, people generally don’t like to share power — they enjoy the control — the decision making and the autonomy,” Richard Leblanc, a corporate governance expert at York University, said.for 25 years. In that time he has encountered the co-boss model twice, and both times the experiment “blew up” spectacularly.

Kiss is an accountant by training; an introvert, possessed of an analytical, big-on-granular-details intellect. He is not unfriendly whatsoever, but he is not the type to be out slapping backs and rubbing shoulders. Other differences include Shewfelt being happily married, and Kiss being happily divorced.

“It is such an advantage, if you can use it, to have two brains going, to have two personalities going,” Kiss said. “If you are the same type of person — I don’t think this works — but because we are so different, that’s what has been the real secret for us.” From the start the co-CEOs committed to debate issues vigorously, disagree politely and park their egos — not that they entered into the arrangement with swollen heads — and never, ever, put a strategic decision in front of the board that they didn’t both fully support, at least in the boardroom.

 

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