Cooke Aquaculture named to Canada’s Best Managed Companies list
Cooke Aquaculture has secured a spot as a 2018 platinum-winning enterprise on Canada’s Best Managed Companies list, the New Brunswick, Canada-based firm announced on 10 April.
To qualify for the Best Managed Companies program, businesses must be based in Canada and generate a revenue of CAD 15 million (USD 11.8 million, EUR 9.6 million). Further, to achieve platinum status, a company must have been named to the prestigious list for seven or more years.
Each enterprise applicant is evaluated by a panel of judges in four areas for the program: strategy, as in the company’s vision and how that vision is communicated and managed; capability, with regards to whether the company has the ability – the people, processes, and systems – to execute; commitment, meaning does the applicant engage and align its culture effectively and appropriately; and financials, the numbers that prove the first three are driving results.
The program aims to reward well-run companies in Canada, including Cooke, which offer the country a healthy economic future, according to Lorrie King, who is a co-leader of the Best Managed Companies program.
“Well-run companies are important to the economic health of our country. These companies serve as role models to help make all Canadian businesses better,” King said.
A family-owned, vertically integrated business, Cooke Aquaculture operates sea farming operations in Atlantic Canada, the United States, Chile, Scotland, and Spain. The company is involved in wild fisheries, land-based juvenile production, marine farming, processing, and distribution, with a global sales and marketing team as well as a full-value chain service and supply sector. Across its various divisions, Cooke employs 6,000 people directly worldwide, and supports an additional 14,280 jobs indirectly, it said.
“It’s through the hard work and determination of our employees that we have grown to become a fully integrated global seafood leader offering a wide array of farmed and wild-caught products to customers around the world,” Cooke Aquaculture CEO Glenn Cooke said. “Our loyalty to our diverse team of talent has nurtured a passion for delivering superior products, service, and value to our customers in a safe and environmentally sustainable manner.”
The salmon aquaculture services that companies like Cooke provide to Canada have proven vital to the country’s economic prosperity, Glenn Cooke added.
“Salmon aquaculture is vital to rural Atlantic Canada as it is in many other coastal communities globally,” he said. “The companies in this region take great care looking out for the thousands of Atlantic Canadians employed in this marine industry. The majority of employees live and work in areas where comparable employment providing good family wage jobs does not otherwise exist – protecting those livelihoods enables locally raised farmed salmon to remain a low-barrier protein that Canadians of any income level can enjoy.”
Now in its 25th year, the Best Managed Companies program sets out to continually award “companies that spend disproportionate amounts of time and money on people,” the program organizers said. Companies that make the list are investing in systems, processes, technology, robotics, and research and development to enhance capabilities, and are driven by collaboration and leadership development. The program’s sponsors are proud to recognize what private companies across industries offer to Canada’s economic growth potential.
“CIBC is pleased to congratulate Cooke Aquaculture on being named one of Canada’s Best Managed Companies, recognizing its excellence in leadership, business performance and innovation,” said Dino Medves, senior vice president and head of CIBC Commercial Banking. “As a sponsor of the Canada’s Best Managed Companies program for over 20 years, CIBC is proud to celebrate private companies like Cooke Aquaculture leaders in their industry.”
Cooke Aquaculture and other 2018 Canada’s Best Managed Companies award winners will be honored in Toronto on 11 April.