Paviter ‘Pavi’ Binning
Finance and Business Leadership
President | Wittington Investments | Toronto, Ontario (CANADA)
Ancestry & Birthplace:
Pasla, Jalandhar, Punjab (India)
Residence:
Toronto, ON (CANADA)
THE TRUE ROLE MODEL
Never in his life did he imagine it, but today he heads Canada’s largest holding company.
You need to keep your feet on the ground. Remember where you came from. The ambition and aspirations you have for your life, just don’t happen to people like us,” said my father who worked in a foundry in the UK, yet I wanted more from life. I knew that nothing was going to come to me for free. That I had to work extremely hard to try and build my life so I gave my best to everything I did.
A loss unrecovered
Shortly after my birth in May 1960 and spending time at my maternal grand-parents home in Pandori, my Mom moved back to our paternal home in Pasla. I was named Ranjit by my paternal grandfather. At the time, I had two elder siblings, a sister, Surinder, and brother, Bhupinder.
When I was six months old, Dad moved from the family farming business to the UK for a better life. He worked hard in a foundry to put food on the table for the family and, soon after we arrived, my younger sister, Ragbir, was born. We settled in Luton, Bedfordshire, where I grew up with just the basic facilities. I joined school at the age of five under the name of Paviter. When I asked my parents why I was being given a new name, they told me that it was the name given to me and registered by my maternal grandparents when I was born.
We spoke Punjabi at home and I did not know a word of English. It was difficult to settle in school but, as I spent time with friends and played Soccer, I quickly picked up the language.
As a child, I was very naughty, always getting injured and into trouble both at school and home. I remember once locking Ragbir in our neighbour’s car and left her there until the family found her after many hours. But my parents were very disciplined. Every morning, they woke us up early before they left for work. On the way to school, there were beautiful houses. I often thought whether, if I worked hard, I could live in a house like one of those and in such a prestigious neighbourhood. My Dad often warned me against my ambitious dreams yet I dared to – and I dreamed big, no matter how I performed at school! No one really knew in the early days that I was struggling at school until my brother learnt it from my teachers and told our parents. From that day I decided that things were going to change.
I put in an enormous amount of effort and did exceptionally well. Within a year, I went from the bottom to the top of the class. It gave me a huge confidence boost and I started loving my studies. By this time, I had practiced Soccer a lot to play for the school. But then we suffered a major blow when Mom was diagnosed with kidney failure in 1969. She was admitted to a hospital in London for a number of years. Dad earned his livelihood, my siblings went to work and school but I, being one of the youngest in the family, missed her terribly, so much so that I regularly skipped school to see her. I used to get lunch money from my father that I did not spend on food but on buying a train ticket to London. Alone, at the age of nine, I would catch a bus and then a train to go and see her, some 34 miles away. Seeing her struggle, I decided I would become a doctor when I grew up, but, one day, when I returned from school, I heard people crying inside the house. She had passed away. My world was suddenly shattered and it was really difficult for me to come to terms with her loss. I knew she was ill, but I did not expect her to leave so soon. With her gone, my ambition of studying medicine also died.
Intentions matter, not only actions
I completed high school from Beechwood School in 1976, and joined Luton College of Higher Education. In the last year of college in 1978, I applied to a number of universities and was accepted all, but Dad could not afford it. When I shared this with my college counsellor, he advised me to apply to some companies in the UK that sponsored a business education. On applying to six companies, I was accepted by five and joined Electrolux as a Trainee Accountant as it was the closest to my home.
Now that I had started working at the age of 18, I was content. My hard work resulted in quick promotions but the company then wanted me to relocate to the Head Office in Sweden. Instead, I joined Solex, which was the automotive division of the French Group, Matra. Next I went to Grand Metropolitan, a global conglomerate, where I was very much inspired by the Chairman and CEO, Lord Allen Sheppard, a brilliant man, both strategically and operationally.
I was also happy that finally I was helping Dad run the home. It was then that he expressed his wish of returning to India. But he wanted to get me married before he left. He introduced me to Sarbjit in 1979. Born and raised in Punjab, she was the daughter of a family friend and resided with her uncle in Luton. We got married in 1980.
By 1981, I was a qualified accountant with the Chartered Institute of Management Accounts, UK, yet my focus was always on improving the business; how the business could be developed strategically, operationally and financially. This not only gave me immense satisfaction but also resulted in my early success. The challenging roles I overcame at Grand Metropolitan brought me quick and good promotions. With success on my side, I started travelling all over the world and as a result, I unfortunately have less time to spend with family, which was very bothering. I did, however, make a point of travelling back home every weekend no matter which part of the world I was in. It was certainly a great pleasure to see my wife and kids every weekend; a wonderful feeling I got is when they came running to hug me whenever I came home.
My decisions changed lives
In 1997, Grand Metropolitan merged with Guinness to form Diageo and, after playing a key role in integrating the companies, I joined Marconi as the Group CFO in 2003 and later Hanson, where we tried to become the number one building materials and construction company in the world by buying the world’s second largest company which was the German giant, Heidelberg Cement. However, they bought us. Although Heidelberg offered me a senior executive position in Germany, I decided to take another job elsewhere.
Sarbjit and I eventually decided to move to a place where we already had family. At the same time, a Canadian friend, Michael Tory, approached me to join Nortel Networks Corporation. It was a good opportunity and I joined Nortel in late 2007, where I initially held the position of Chief Financial Officer and subsequently Chief Restructuring Officer.
I then joined George Weston Limited in 2010 after spending a year as a board member of Loblaw Companies Limited. I was initially the Group CFO but after sometime I was appointed President and CEO. Over the last decade, we have made significant strategic moves that have grown the company. A few years ago I took over as President of the Group’s ultimate holding company, Wittington Investments. For sure, so much has changed from the time when I did not have the money to go to university, yet Sarbjit and I feel we are still the same down-to-earth people at heart. We love each other, spend time with the children and help anyone we can.
My daughters, Jas and Raj, and son, Pavan, and my sons-in-law, Lak and Inderpaul, are the source of happiness. Jas has a master’s degree in Marketing, Raj has a bachelor’s degree in Philosophy, and Pavan is a Chartered Accountant with a Bachelor’s degree in Business Administration. Sarbjit absolutely deserves a standing ovation. She is very down-to-earth and calm, and is a great cook. Whatever I am today is because of her and the blessings of Waheguru. Sarbjit has not only raised our children but also provided amazing support to me while I pursued my career all over the world.
Philosophy
I try to make a difference to everything I get involved in; otherwise, there is no point spending any time on it. My focus is on the areas where I can really make that difference. I call this ruthless prioritization.
Success Mantra
I used to say to myself that if I ever fail, it would not be due to a lack of effort.
I love…
Spending time with family, going to the gurudwara, watching sports and listening to music. I also like watching some of the old Bollywood romantic and action movies. I also loved lentil curry my mother cooked for us when I was a child.
I’d suggest the youth…
Not to seek permission to speak at meetings. They must speak up but if they overstep the mark, they should have the courtesy to ask for forgiveness.
The world doesn’t know that…
Though I spent only six months of my life in India, I now travel there to explore the rich culture and history.
