Purolator named one of Canada’s most admired companies

MISSISSAUGA, Ont. — Purolator Courier has cracked the list of Canada’s 10 Most Admired Corporate Cultures of 2007.

The contest, organized by executive search firm, Waterstone Human Capital, ranked some of Canada’s most successful companies.

Purolator is one of the few Canadian fleets that’s
made huge investments in hybrid technology.

Purolator Courier came in eighth place. WestJet Airlines of Calgary finished in first — where it’s been for all three years since the inception of the awards.

“Progressive Canadian companies have connected the dots between corporate culture and business performance,” commented Marty Parker, managing director of Waterstone Human Capital. “Corporate culture drives employee values. Employee values drive behavior. And behavior is critical to delivering on business plans and reaching goals. These ten companies are recognized by other Canadian business executives for their mastery of this dynamic.”

The average three-year revenue growth of this year’s top-10 companies was 56 per cent.

As part of the process to determine the winners, Waterstone completed one-to-one interviews with 185 senior Canadian executives.

“While Canadian executives have evolved to understand the important role of culture as a potential competitive advantage, many still don’t know how to foster or manage culture,” said Parker.

Parker added that 93 percent of the senior executives interviewed last year saw the correlation between their corporate culture and corporate performance — up from just 14 percent in 2005. Yet, only 43 per cent even attempt to measure corporate culture.