Ernst & Young 2008 Entrepreneur of the Year Magazine
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Matthew Szulik Red Hat, Inc. Ernst & Young Strategic Growth Forum 2008 Nationally sponsored by: Strategic Growth Forum It’s the Ernst & Young Strategic Growth Forum, the country’s most prestigious gathering of high-growth, market-leading companies. An event Forbes.com hailed as one of its seven “get-ahead executive retreats.” The 22nd annual Entrepreneur Of The Year awards concluded the Forum, which we believe was our best yet. Congratulations to Matthew Szulik of Red Hat, Inc., our overall winner, and to all of our national category and regional award recipients — you’re all winners because what you do makes life better for all of us. You can read many of their stories on the following pages. The 2008 Forum featured more than 100 prominent speakers, who discussed, debated and provided advice on growth strategies, including how to continue growing your company in the face of an uncertain economy, manage the impact of climate change on your business, remain innovative, maintain and foster an entrepreneurial 2/3 Cover flap culture, conduct a successful IPO or strategic transaction, learn about various capital opportunities and much more. This one-of-a-kind event also included nearly 30 highly focused content-rich sessions. Participants also heard from successful CEOs, eight of the world’s largest private equity firms, two of the world’s top sovereign wealth funds, as well as leading investment bankers, institutional investors, board members, attorneys, Ernst & Young professionals and others. The Forum is designed to provide CEOs with the kind of “first to know” information and access that results in valuable industry insights that help companies achieve their true potential. Participants also had an unparalleled opportunity to meet and network with their peers — the best CEOs in America. The Ernst & Young Strategic Growth Forum is designed to provide you with the kind of knowledge and access that you can’t get anywhere else. We hope to see you back again at next year’s Forum, which will be held November 11–15, 2009. For more information as well as highlights please visit www.ey.com/us/strategicgrowthforum. Sincerely, Maria Pinelli Americas Director Strategic Growth Markets Ernst & Young Fold Making history In this unprecedented year in our nation’s economy, entrepreneurial growth companies continue to serve as a beacon of hope. The extraordinary resilience of entrepreneurs nationwide has been nothing short of historic. Entrepreneurs wake up each day with a glass-half-full mentality, ready to dream what often seems like the impossible dream and turn it into reality. Ernst & Young recognizes that now, more than ever, our economy depends on successful entrepreneurs to develop and prosper. That is why we are proud to be the undisputed leader in serving the Russell 3000, high-growth private companies, IPO-bound companies, and companies with significant venture capital or private equity investments. We are dedicated to helping entrepreneurial growth companies stay ahead of the competition and maximize their potential. Side 2 of flap The Entrepreneur Of The Year® awards were created 22 years ago by Ernst & Young to pay homage to the endeavors of the exceptional men and women who create the products and services that keep our economy moving forward. The awards have grown dramatically since then and now include programs in more than 100 cities and more than 50 countries around the globe. The Entrepreneur Of The Year awards program is the concluding event of the Ernst & Young Strategic Growth Forum, named by Forbes.com as one of its seven “get-ahead executive retreats.” Held annually in November at the Desert Springs JW Marriott Resort & Spa in Palm Springs, California, the Forum is the country’s most prestigious yearly gathering of high-growth, market-leading companies. Ernst & Young is pleased to acknowledge the individuals who defy the odds and forge ahead despite the naysayers — people like Matthew Szulik. As Chairman of Red Hat, Inc., a Raleigh, N.C.-based open-source public company that gives customers the freedom to design software to meet their individual needs, Szulik has revolutionized the software market. Under his leadership, Red Hat has become the leading open-source Linux provider, with more than 80% of the business market and 3,000 people in 60 offices worldwide. Discover Matthew Szulik’s tremendous accomplishments in the pages that follow, along with this year’s Entrepreneur Of The Year national category winners and finalists. We congratulate the 2008 participants on their commitment to community and industry, which serves as a model for entrepreneurs everywhere. Sincerely, Larry Haynes Deborah Pargmann Phil Anderson Americas Director Chair Americas Director Entrepreneur Of The Year Strategic Growth Forum Entrepreneur Of The Year Ernst & Young Strategic Growth Forum Maria Pinelli Making history Larry Haynes, Deborah Pargmann and Phil Anderson 2 Legacy of honoring entrepreneurial excellence 3 Ernst & Young Entrepreneur Of The Year Winners Network 4 Meet the 2008 Judges 6 Ernst & Young Entrepreneur Of The Year 2008 Technology Category: Matthew Szulik, Chairman, Red Hat, Inc. 38 Venture Capital Award of Excellence Seth Merrin, CEO and Founder, Liquidnet Holdings, Inc. 40 Ernst & Young World Entrepreneur Of The Year 2008 Jean-Paul Clozel, M.D., Actelion Pharmaceuticals Ltd. Category winners and finalists Technology Media, Entertainment and Communications 9 Paula Long and Don Bulens — EqualLogic, Inc. 25 David Liu — The Knot, Inc. 9 Glen Tullman — Allscripts 27 Jeremy Allaire — Brightcove, Inc. 9 David Vieau — A123Systems 27 Diane Hessan — Communispace Corporation 27 Dan King and Scott King — ReadyTalk Distribution and Manufacturing Real Estate, Hospitality and Construction 10 Amin Khoury — B/E Aerospace, Inc. 12 Yvon Pierre Cariou — Dynamic Materials Corporation 28 Alan D. Gold — BioMed Realty Trust, Inc. 12 Arthur W. Huge — Menasha Corporation 30 Jim Abdo — ABDO Development, LLC 12 James A. Rubright — Rock-Tenn Company 30 Charles J. Berkel — Berkel & Company Contractors, Inc. 30 J. Doug Pruitt — Sundt Construction, Inc. Emerging Retail and Consumer Products 13 Steven Nichtberger, M.D. — Tengion, Inc. 15 Rick Alden — Skullcandy 31 Tom Sullivan — Lumber Liquidators, Inc. 15 John Edwards — Move Networks, Inc. 33 Randy Boyd — Radio Systems Corporation 15 Weijie Yun — Telegent Systems, Inc. 33 Stephen C. Flagg — Quality Bicycle Products, Inc. 33 Robert A. Peterson — Norcross Safety Products LLC Energy, Chemicals and Mining Services 16 Dr. Bernard J. Duroc-Danner — Weatherford International Ltd. 34 James R. Barnes — OAKLEAF Waste Management 18 Dick Alario — Key Energy Services, Inc. 36 Magid M. Abraham, Ph.D. and Gian M. Fulgoni — 18 Jerry D. Dumas, Sr. — Flotek Industries, Inc. comScore, Inc. 18 Tom L. Ward — SandRidge Energy, Inc. 36 Michael R. Haverty — Kansas City Southern 36 Harold Mills — ZeroChaos Financial Services 19 Thomas A. James — Raymond James Financial, Inc. 21 Seth Merrin — Liquidnet Holdings, Inc. 21 Rodger Riney — Scottrade, Inc. 21 Patrick G. Ryan — Aon Corporation Entrepreneur Of The Year magazine Health Sciences Ernst & Young Entrepreneur Of The Year Americas Directors — Larry Haynes and Phil Anderson 22 Jay Flatley — Illumina, Inc. Program Director — Betty Pilcher 24 Michael R. Davin — Cynosure, Inc. 24 Frank H. Laukien, Ph.D. — Bruker Corporation Editorial Director — Warren Rappleyea 24 Wayne T. Smith — Community Health Systems, Inc. Managing Editor — Doris Fenske Art Director — Tonya Johnson Photography Director — Helen Oller Contributing Writers — Kathy Bull, Nick Iversen, Roger Morton, Richard Osborne, Warren Rappleyea, Lindsey Siegle, Chuck Thomas Entrepreneur Of The Year 2008 For 22 years, the Ernst & Young Entrepreneur Of The Year awards have honored the men and women who build the companies that help make the world a better place. In these pages we have chronicled their innate ability to create new products and services, transform organizations, enrich individual lives and contribute to the vibrancy of national economies. Each year, the most successful entrepreneurs vie for the Ernst & Young Entrepreneur Of The Year awards, the most prestigious honor in its class. Their names and companies are among the most influential and recognizable in the business world — Jeff Bezos of Amazon.com, Sergey Brin and Larry Page of Google, Inc., Arthur Blank of Home Depot, Richard Caruso of Integra LifeSciences, Maxine Clark of Build-a-Bear Workshop, Wayne Huizenga of Huizenga Holdings, Inc., Pierre Omidyar of eBay, Kevin Plank of Under Armour and Howard Schultz of Starbucks Corp., to name a few. The annual Entrepreneur Of The Year awards begin each year with programs across the United States. Seven to 10 winners in varying award categories in each program are selected from among nominees by independent judging panels, comprising local business, financial, academic and media figures. In 2008, 26 US regions hosted Entrepreneur Of The Year awards and honored their winners at award galas in June. All regional winners are contenders for the national awards. National Entrepreneur Of The Year winners are chosen in each of 10 national categories by independent judging panels under the auspices of the Ewing Marion Kauffman Foundation. From these winners, the judges debate the merits of each to narrow their selection to an overall winner — the individual whose leadership and overall entrepreneurial excellence sets him or her apart. That person is honored as the Ernst & Young Entrepreneur Of The Year and represents the United States at the World Entrepreneur Of The Year event, which takes place in Monaco. See page 40 to read about the 2008 winner and to learn more about the World Entrepreneur Of The Year program. National Ernst & Young Entrepreneur Of The Year winners and finalists are announced at our annual, black-tie awards gala at the Desert Springs JW Marriott Resort & Spa in Palm Springs. The awards are the culminating event of the Ernst & Young Strategic Growth Forum. As part of the event, all regional and national winners are also inducted into the elite Entrepreneur Of The Year Hall of Fame, on permanent display at Ernst & Young’s US headquarters building at 5 Times Square in New York.