NEW
GLASGOW, NS, Nov. 24,
2022 /CNW/ - Crombie Real Estate Investment Trust
("Crombie") (TSX: CRR.UN) President and CEO, Don Clow, has been named a recipient of the
Canada's Most Admired CEO award by
Waterstone Human Capital in the mid-market category. This award
honours an esteemed group of Canadian CEOs who have achieved
significant accomplishments in their career – specifically focusing
on those individuals who have fostered a culture within their
organization that enhances performance and sustains a competitive
advantage.
"In Don's 13 years at Crombie, he has led the organization's
transformation from traditional grocery-anchored retail landlord to
a strategic owner and developer of grocery-anchored retail,
retail-related industrial, and mixed-use residential properties
across Canada," says Michael Knowlton, Board Chair. "By inspiring
trust and confidence, Don and his team have built a culture
encouraging continuous learning and development, where sensible
risk-taking is a strategic pillar."
Crombie's culture is underpinned by strong values that encourage
employees to learn, develop, and contribute to their communities,
all while being mindful of their physical and mental wellbeing.
Policies such as Flexible Working Arrangements, Psychological
Safety, Diversity, Equity, and Inclusion, and Community Investment
give employees flexibility and create a safe, healthy, and
inclusive work environment. Regular engagement surveys, quarterly
company-wide connection calls, and CEO roundtables give employees
an opportunity to have their voices heard, and help senior
leadership identify opportunities for improvement on teams across
the organization. Employees are supported in their growth and
development through a robust Learning and Development program, and
are celebrated through comprehensive recognition programs.
"I am humbled and honoured to receive this award," says
Don Clow, President and CEO. "While
it is awarded to the CEO, it is truly a reflection of the entire
Crombie team and our collective commitment to a strong culture and
our vision of enhancing neighbourhoods through long-term
sustainable growth. We believe in the importance of our team
defining the culture in which they want to work and, as a result,
we have built a caring culture that inspires our team to
consistently outperform expectations."
Under Don's leadership, Crombie has achieved numerous
significant achievements including our commitment to strategic
alignment and investing in our largest tenant, Empire, establishing
a comprehensive development pipeline, including achieving
substantial completion on three mixed-used residential development
projects, improving portfolio quality through intentional curation,
improving the REIT's financial condition, and redefining Crombie's
brand, culture, and values.
"At Waterstone we know corporate culture drives performance and
that it's an organization's greatest asset," says Marty Parker, President and CEO of Waterstone
Human Capital and Chair of the Canada's Most Admired™ program. "The 2022
award recipients demonstrate that putting culture at the center of
your strategy drives growth and accelerates performance. They
actively craft high-performance cultures that drive extraordinary
results and serve as an inspiration for others who want to do the
same."
The complete list of Canada's
Most Admired CEO award winners can be viewed here.
About Waterstone Human
Capital
At Waterstone Human Capital, we inspire organizations to build
high performance cultures. We're a human capital management
consulting firm specializing in retained executive search, cultural
measurement and assessment, and leadership training and
development. We have successfully helped hundreds of
entrepreneurial-minded, high-growth organizations across
North America recruit, measure,
and train for fit. Waterstone is also the founder of the
Canada's Most Admired™ Corporate
Cultures and Canada's Most
Admired™ CEO programs. These national programs annually recognize
best-in-class Canadian organizations and CEOs, for fostering
cultures that enhance performance and help sustain a competitive
advantage. For more information, please visit www.waterstonehc.com
or www.canadasmostadmired.com.
About Crombie REIT
Crombie invests in real estate that enriches local communities
and enables long-term sustainable growth. As one of the country's
leading owners, operators, and developers of quality real estate,
Crombie's portfolio primarily includes grocery-anchored retail,
retail-related industrial, and mixed-used residential properties in
Canada's top urban and suburban
markets. As at September 30, 2022,
our portfolio contains 290 income-producing properties comprising
approximately 18.3 million square feet, and a significant pipeline
of future development projects. Learn more at www.crombie.ca.
SOURCE Crombie REIT