Director, CIBC Commercial Banking, Calgary
Peter Holowach has been with CIBC for 25 years and is currently a Director in the Commercial Banking office in Calgary. Peter enjoys working in Commercial Banking because he finds it to be a great opportunity for him to establish an understanding of how businesses work in diversified industries.
Peter has been a Best Managed coach for seven years. 2010 was his busiest year yet, coaching eight companies. To help with the application process, Peter has put together a sample application that companies can use as a guide when working towards completing their application. “Many companies find the application process intimidating. I found by putting together an example, companies were more likely to finish a quality application,” Peter comments.
As a coach, Peter has had the opportunity to work with companies not yet ready or prepared to win Best Managed. “I have worked through the Phase I & II applications with multiple companies where they did not win the designation. Even though they did not receive the designation, all of the companies found it to be an extremely helpful process to complete. Many of these companies now use their applications as their working business plan going forward.”
Peter believes companies receive the most benefit out of the application process when senior management is involved. He believes that if you don’t have senior management engaged in the process, it is hard to evaluate the strategy that is being disseminated down from the top and to make any significant changes.
In terms of the program, Peter thinks the Best Managed Program is a “great tool to establish long lasting relationships with great companies.” While working with companies through the application process he was impressed by the amount of pride companies had in sharing their success with others.