“Believe in the future. Believe in what you are doing. Believe in yourself. Defying all odds All of us will make a better future.” Congratulations, Mohed Altrad — Mohed Altrad Altrad Group, France President, Altrad Group EY World Entrepreneur Of The Year™ 2015 Award winner
Mohed Altrad What makes a world- changing innovator? France We left it to the experts. True success? They’ve been there and At the 7 June award ceremony in Monaco, The life story of Mohed Altrad, the EY they’ve done that. That’s why we asked Mark A. Weinberger, EY Global Chairman World Entrepreneur Of The Year 2015, these seven distinguished individuals to & CEO, called Altrad an inspiration to reads like a bestseller — which it is. His select the EY World Entrepreneur Of The entrepreneurs around the world. As Rebecca autobiographical novel, Badawi, is taught Year 2015 — because it takes one to MacDonald, Executive Chair of Just Energy in some French schools as part of the know one. Group and Chair of the World Entrepreneur literature curriculum. It is the tale of Of The Year Judging Panel, said, “Mohed We thank these judges for their hard work a child born to a nomadic tribe in the has built a hugely successful, fast-growing and dedication. We say this every year Syrian desert who defi ed all odds to international business having overcome a because we really mean it. We couldn’t realize his dreams. humble and very challenging upbringing. The have done it without you! Altrad moved to France when he was 17 and judges were impressed by his ability to build earned a PhD in Computer Sciences. He and sustain growth over 30 years and by his and a partner bought a nearly bankrupt humility and character.” scaffolding maker in 1985 to form the basis Altrad places great emphasis on sharing of what is now Altrad Group. Today, his with his employees his own values: loyalty company employs 7,000 people in 110 and integrity, trust and passion, respect for subsidiaries globally. It is the world leader in differences and cultures, humanism and the cement mixers as well as a European leader in quest to excel. scaffolding and wheelbarrows. “I’m so honored to receive this prestigious Acutely aware of the problems of award, especially as there was such youth unemployment, Altrad sponsors strong competition from such outstanding apprenticeships and qualifi cation scholarships. entrepreneurs around the world,” Altrad EY World Entrepreneur Of The Year 2015 Judging Panel In addition, he supports Doctors Without said. “I would like to dedicate this award Borders and the French League Against Front: Nobuyuki Idei, Quantum Leaps Corporation; to my family and all the people within the Rebecca MacDonald, Just Energy Group (Chair); Cancer. He is also President of Montpellier organization, without whom the success of Dr. Ruth Oltjer, Chemi-Pharm AS Hérault Rugby Club. Altrad Group would not be possible.” Back: Michael Wu, Hong Kong Maxim’s Group; Ewald Raben, Raben Group; Fadi Ghandour, Aramex and Wamda Capital; Tan Sri Liew Kee Sin, EcoWorld Development Group Berhad
30 LEADERS VOLUME 38, NUMBER 3
WEOY 2015_LEADERS supplement v9.indd 1-2 6/19/15 4:05 PM “Believe in the future. Believe in what you are doing. Believe in yourself. Defying all odds All of us will make a better future.” Congratulations, Mohed Altrad — Mohed Altrad Altrad Group, France President, Altrad Group EY World Entrepreneur Of The Year™ 2015 Award winner
Mohed Altrad What makes a world- changing innovator? France We left it to the experts. True success? They’ve been there and At the 7 June award ceremony in Monaco, The life story of Mohed Altrad, the EY they’ve done that. That’s why we asked Mark A. Weinberger, EY Global Chairman World Entrepreneur Of The Year 2015, these seven distinguished individuals to & CEO, called Altrad an inspiration to reads like a bestseller — which it is. His select the EY World Entrepreneur Of The entrepreneurs around the world. As Rebecca autobiographical novel, Badawi, is taught Year 2015 — because it takes one to MacDonald, Executive Chair of Just Energy in some French schools as part of the know one. Group and Chair of the World Entrepreneur literature curriculum. It is the tale of Of The Year Judging Panel, said, “Mohed We thank these judges for their hard work a child born to a nomadic tribe in the has built a hugely successful, fast-growing and dedication. We say this every year Syrian desert who defi ed all odds to international business having overcome a because we really mean it. We couldn’t realize his dreams. humble and very challenging upbringing. The have done it without you! Altrad moved to France when he was 17 and judges were impressed by his ability to build earned a PhD in Computer Sciences. He and sustain growth over 30 years and by his and a partner bought a nearly bankrupt humility and character.” scaffolding maker in 1985 to form the basis Altrad places great emphasis on sharing of what is now Altrad Group. Today, his with his employees his own values: loyalty company employs 7,000 people in 110 and integrity, trust and passion, respect for subsidiaries globally. It is the world leader in differences and cultures, humanism and the cement mixers as well as a European leader in quest to excel. scaffolding and wheelbarrows. “I’m so honored to receive this prestigious Acutely aware of the problems of award, especially as there was such youth unemployment, Altrad sponsors strong competition from such outstanding apprenticeships and qualifi cation scholarships. entrepreneurs around the world,” Altrad EY World Entrepreneur Of The Year 2015 Judging Panel In addition, he supports Doctors Without said. “I would like to dedicate this award Borders and the French League Against Front: Nobuyuki Idei, Quantum Leaps Corporation; to my family and all the people within the Rebecca MacDonald, Just Energy Group (Chair); Cancer. He is also President of Montpellier organization, without whom the success of Dr. Ruth Oltjer, Chemi-Pharm AS Hérault Rugby Club. Altrad Group would not be possible.” Back: Michael Wu, Hong Kong Maxim’s Group; Ewald Raben, Raben Group; Fadi Ghandour, Aramex and Wamda Capital; Tan Sri Liew Kee Sin, EcoWorld Development Group Berhad
WEOY 2015_LEADERS supplement v9.indd 1-2 6/19/15 4:05 PM EY Entrepreneur Of The Year country winners
Argentina Australia Austria Germany Hungary India Indonesia Ireland Israel
Dr. Hugo Sigman Joe Davenport Owen Kerr Dr. Werner Thallner Hermann Waltl Friedrich Paul Lindner Jan Beckers György Wáberer Dr. Cyrus Poonawalla Iwan Setiawan Mark Roden Benny Landa Founder, CEO and Director Director Executive Operations Executive Sales and Executive Technology Founder and CEO Founder, Chairman and Chairman and Managing Lukminto Founder and CEO Chairman and CEO shareholder and Financial Director Customer Support Director CEO Director President Director Director Grupo Insud Pepperstone EV Group GmbH HitFox Group GmbH Waberer’s Serum Institute of PT Sri Rejeki Isman ding* Landa Group International Pte. Co. India Ltd. Tbk. (Sritex)
Belarus Belgium Brazil Canada Chile Italy Japan Jordan Kazakhstan
Arkadiy Dobkin Fernand Huts Karl Huts Pedro Lima Linda Hasenfratz Rolando Carmona Oscar Farinetti Morio Sase Dr. Thaer Darwish Khaled Darwish Bashar Zawaideh Andrey Lavrentyev
CEO and President CEO and President Business Unit Manager, President CEO CEO Founder and creator President and CEO Founder Founder Founder President Port and Operations
EPAM Systems Katoen Natie 3corações Group Linamar Corporation Drillco Tools S.A. Eataly Distribuzione HotLand Co., Ltd. Sindbad Group AllurGroup S.r.l.
China — Hong Kong China — Mainland Colombia Croatia Kenya Korea Malaysia Mexico Netherlands
Kenneth Lo Xiu Laigui Gigliola Aycardi Nicolás Loaiza Alan Sumina Zoran Vučinić Dr. Simon Gicharu Dong Nyung Kim Peng Ooi Goh Sergio Argüelles Willem Blijdorp Bert Meulman Chairman Chairman Co-founder and Executive Co-founder and Founder Founder Founder and Chairman Chairman Founder and Group President and CEO Founder and Supervisory CEO Vice President President Executive Chairman Board Member
Crystal Group Xiuzheng Bodytech Nanobit Mount Kenya HANSAE YES24 Silverlake Axis Ltd. FINSA B&S International B.V. Pharmaceutical Group University HOLDINGS Co., Ltd.
Czech Republic Denmark Estonia Finland France Georgia New Zealand Nigeria Norway Peru Poland Romania
Vlastislav Bříza Michael Seifert Jüri Raidla Dr. Mikko Wirén Mohed Altrad Mamuka Khazaradze Dan Radcliffe Jubril Adewale “Wale” Geir Skaala Rosario Bazán Adam Krzanowski Mircea Tudor Owner and CEO Co-founder and CEO Founder and Senior Founder and CEO President Chairman of the Executive Director Tinubu Founder and CEO General Manager CEO President and General Partner Supervisory Board Group Chief Executive Manager
KOH-I-NOOR holding Sitecore Corporation Raidla Lejins & Norcous Pihlajalinna Group Altrad Group TBC Bank International Oando PLC Norsafe AS DanPer Nowy Styl Group MB Telecom Ltd. a. s. Volunteer HQ SRL
WEOY 2015_LEADERS supplement v9.indd 3-4 6/19/15 4:05 PM EY Entrepreneur Of The Year country winners
Argentina Australia Austria Germany Hungary India Indonesia Ireland Israel
Dr. Hugo Sigman Joe Davenport Owen Kerr Dr. Werner Thallner Hermann Waltl Friedrich Paul Lindner Jan Beckers György Wáberer Dr. Cyrus Poonawalla Iwan Setiawan Mark Roden Benny Landa Founder, CEO and Director Director Executive Operations Executive Sales and Executive Technology Founder and CEO Founder, Chairman and Chairman and Managing Lukminto Founder and CEO Chairman and CEO shareholder and Financial Director Customer Support Director CEO Director President Director Director Grupo Insud Pepperstone EV Group GmbH HitFox Group GmbH Waberer’s Serum Institute of PT Sri Rejeki Isman ding* Landa Group International Pte. Co. India Ltd. Tbk. (Sritex)
Belarus Belgium Brazil Canada Chile Italy Japan Jordan Kazakhstan
Arkadiy Dobkin Fernand Huts Karl Huts Pedro Lima Linda Hasenfratz Rolando Carmona Oscar Farinetti Morio Sase Dr. Thaer Darwish Khaled Darwish Bashar Zawaideh Andrey Lavrentyev
CEO and President CEO and President Business Unit Manager, President CEO CEO Founder and creator President and CEO Founder Founder Founder President Port and Operations
EPAM Systems Katoen Natie 3corações Group Linamar Corporation Drillco Tools S.A. Eataly Distribuzione HotLand Co., Ltd. Sindbad Group AllurGroup S.r.l.
China — Hong Kong China — Mainland Colombia Croatia Kenya Korea Malaysia Mexico Netherlands
Kenneth Lo Xiu Laigui Gigliola Aycardi Nicolás Loaiza Alan Sumina Zoran Vučinić Dr. Simon Gicharu Dong Nyung Kim Peng Ooi Goh Sergio Argüelles Willem Blijdorp Bert Meulman Chairman Chairman Co-founder and Executive Co-founder and Founder Founder Founder and Chairman Chairman Founder and Group President and CEO Founder and Supervisory CEO Vice President President Executive Chairman Board Member
Crystal Group Xiuzheng Bodytech Nanobit Mount Kenya HANSAE YES24 Silverlake Axis Ltd. FINSA B&S International B.V. Pharmaceutical Group University HOLDINGS Co., Ltd.
Czech Republic Denmark Estonia Finland France Georgia New Zealand Nigeria Norway Peru Poland Romania
Vlastislav Bříza Michael Seifert Jüri Raidla Dr. Mikko Wirén Mohed Altrad Mamuka Khazaradze Dan Radcliffe Jubril Adewale “Wale” Geir Skaala Rosario Bazán Adam Krzanowski Mircea Tudor Owner and CEO Co-founder and CEO Founder and Senior Founder and CEO President Chairman of the Executive Director Tinubu Founder and CEO General Manager CEO President and General Partner Supervisory Board Group Chief Executive Manager
KOH-I-NOOR holding Sitecore Corporation Raidla Lejins & Norcous Pihlajalinna Group Altrad Group TBC Bank International Oando PLC Norsafe AS DanPer Nowy Styl Group MB Telecom Ltd. a. s. Volunteer HQ SRL
WEOY 2015_LEADERS supplement v9.indd 3-4 6/19/15 4:05 PM EY Entrepreneur Of The Year country winners Women in Leadership Summit kicked off EY World Entrepreneur Of The Year 2015
Russia Saudi Arabia Serbia Singapore Slovak Republic
Fact: we know we need more women CEOs, CFOs Alexey Lateefa AlWaalan Božo Janković Dr. Kar Wong Alexander Varga Eva Stejskalová and board members. Evgenievich Repik Founder Owner and CEO Founder and Co-founder and CEO Co-founder and Finance So where are they? They were at the Women Managing Director Director and Head of Founder and in Leadership Summit in Monaco discussing Chairman of the Application Software Board Development ways to get more women in positions of power. R-Pharm Yatooq Coffee Enterijer Janković The Advanced Group MicroStep, spol. s r.o. Maria Pinelli, EY Global Vice Chair — Strategic Session: Women. Fast forward Ltd. of Companies Moderator: Nina dos Santos, CNN Growth Markets, opened with, “We need to Panelists: Linda Hasenfratz, Linamar Corporation; Diane Foreman, Emerald Group Ltd.; Dr. Jennifer Nkuene Riria, accelerate the global gender parity clock. We Kenya Women; and Johanna Mukoki, Travel with Flair South Africa Spain Sweden Switzerland need more women in this room with us!” At the current rate of progress, the World Economic Leadership is not about you. Talk up the male professions. Forum says it will take until 2095 to achieve “ Transformative leadership helps women “ I have two daughters: both in engineering gender equality in the workplace. We can’t wait own their lives, own their families, own school. Today just 20% of engineering 80 years! We need to speed up the clock now their communities.” students are women, but that is five times to create real change.” — Dr. Jennifer Nkuene Riria, Group CEO of the number of 30 years ago. If you tell young Kenya Women Holding women there are only 20% in engineering Some recommendations from the or science, they’ll say, ‘That’s not for me.’ Asher Bohbot Ernesto Antolín Sebastian Victor Jacobsson Niklas Adalberth Otto Fritz Hofstetter Women. Fast forward panel: Know your stuff and work hard. Instead, tell them there are five times more, Arribas Siemiatkowski “ I was a former beauty queen, but I am also a CEO Co-founder and Board Co-founder, Deputy CEO CEO Give women exposure to the boardroom. and then they’ll say I need to be on that bus.’” Co-founder and CEO Member and Board Member trained accountant and came top of my class. Chairman “ We don’t mentor our women, we train them. — Linda Hasenfratz, CEO of I was never taken as seriously as my male We offer them associate directorships. They Linamar Corporation EOH Grupo Antolín Klarna AB Otto Hofstetter AG colleagues, but I had to fight, work three times don’t have responsibility, but they sit at the as hard.” Don’t dial into preconceptions. board table and they go from the factory floor — Johanna Mukoki, Group CEO of “ Someone calls me bossy — well, I am the boss! Taiwan United Kingdom United States Uruguay Vietnam to the boardroom in just three years.” Travel with Flair I am there to do a job, I am capable and I — Diane Foreman, Founder, Chairman and CEO am confident.” of the Emerald Group Ltd. — Hasenfratz
Martha Stewart Cherie Blair James Wang Rosemary Squire Dr. David Hung John Christian Vu Phuoc Le born entrepreneur from Downing Street to CEO and President Co-founder and Joint President and CEO Schandy Chairman Are entrepreneurs made and not born? Martha Stewart, founder emerging markets Chief Executive President of Martha Stewart Living Omnimedia (MSLO), believes she felt It is often said that we are shaped by the spark as a child. “I was always inquisitive, curious — I love Sercomm Corporation Ambassador Theatre Medivation SCHANDY Hoa Sen Group our backgrounds. “I was an unlikely first Group learning new things.” lady,” said Cherie Blair CBE, QC, who grew What’s next for MSLO? China beckons. After a recent visit, up in Liverpool in a working-class, single-parent family. An early where she met with Jack Ma, founder of internet juggernaut lesson for her was that “to survive in this world, you need Alibaba, Stewart said that China is where the US was 25 years financial independence.” ago — with an exploding middle class. “We do most of our Today, Blair is a barrister, judge and campaigner for equality and Our world needs entrepreneurs. manufacturing in China now. How great would it be if we could human rights. In 2008, she founded the Cherie Blair Foundation for sell it in China, too?” Women, which runs programs in Africa, south Asia and the Middle Where others have doubts, they bring optimism. Where some see only risk, they see opportunity. They have passion, self-belief and an East to help women start and grow businesses. The foundation extraordinary drive to keep going when others would give up. We need their unique gifts now more than ever. has reached 118,000 women in more than 80 countries. She is These special people have created many of the world’s most dynamic and successful companies. We’ve been honored to guide so many of them married to Tony Blair, the former UK Prime Minister. on their journey. The EY Entrepreneur Of The Year Award celebrates their remarkable achievements. That’s why it’s the world’s most prestigious business accolade — it recognizes the most exceptional among a unique group of people. Keep going. Keep growing. The world needs you.
WEOY 2015_LEADERS supplement v9.indd 5-6 6/19/15 4:05 PM EY Entrepreneur Of The Year country winners Women in Leadership Summit kicked off EY World Entrepreneur Of The Year 2015
Russia Saudi Arabia Serbia Singapore Slovak Republic
Fact: we know we need more women CEOs, CFOs Alexey Lateefa AlWaalan Božo Janković Dr. Kar Wong Alexander Varga Eva Stejskalová and board members. Evgenievich Repik Founder Owner and CEO Founder and Co-founder and CEO Co-founder and Finance So where are they? They were at the Women Managing Director Director and Head of Founder and in Leadership Summit in Monaco discussing Chairman of the Application Software Board Development ways to get more women in positions of power. R-Pharm Yatooq Coffee Enterijer Janković The Advanced Group MicroStep, spol. s r.o. Maria Pinelli, EY Global Vice Chair — Strategic Session: Women. Fast forward Ltd. of Companies Moderator: Nina dos Santos, CNN Growth Markets, opened with, “We need to Panelists: Linda Hasenfratz, Linamar Corporation; Diane Foreman, Emerald Group Ltd.; Dr. Jennifer Nkuene Riria, accelerate the global gender parity clock. We Kenya Women; and Johanna Mukoki, Travel with Flair South Africa Spain Sweden Switzerland need more women in this room with us!” At the current rate of progress, the World Economic Leadership is not about you. Talk up the male professions. Forum says it will take until 2095 to achieve “ Transformative leadership helps women “ I have two daughters: both in engineering gender equality in the workplace. We can’t wait own their lives, own their families, own school. Today just 20% of engineering 80 years! We need to speed up the clock now their communities.” students are women, but that is five times to create real change.” — Dr. Jennifer Nkuene Riria, Group CEO of the number of 30 years ago. If you tell young Kenya Women Holding women there are only 20% in engineering Some recommendations from the or science, they’ll say, ‘That’s not for me.’ Asher Bohbot Ernesto Antolín Sebastian Victor Jacobsson Niklas Adalberth Otto Fritz Hofstetter Women. Fast forward panel: Know your stuff and work hard. Instead, tell them there are five times more, Arribas Siemiatkowski “ I was a former beauty queen, but I am also a CEO Co-founder and Board Co-founder, Deputy CEO CEO Give women exposure to the boardroom. and then they’ll say I need to be on that bus.’” Co-founder and CEO Member and Board Member trained accountant and came top of my class. Chairman “ We don’t mentor our women, we train them. — Linda Hasenfratz, CEO of I was never taken as seriously as my male We offer them associate directorships. They Linamar Corporation EOH Grupo Antolín Klarna AB Otto Hofstetter AG colleagues, but I had to fight, work three times don’t have responsibility, but they sit at the as hard.” Don’t dial into preconceptions. board table and they go from the factory floor — Johanna Mukoki, Group CEO of “ Someone calls me bossy — well, I am the boss! Taiwan United Kingdom United States Uruguay Vietnam to the boardroom in just three years.” Travel with Flair I am there to do a job, I am capable and I — Diane Foreman, Founder, Chairman and CEO am confident.” of the Emerald Group Ltd. — Hasenfratz
Martha Stewart Cherie Blair James Wang Rosemary Squire Dr. David Hung John Christian Vu Phuoc Le born entrepreneur from Downing Street to CEO and President Co-founder and Joint President and CEO Schandy Chairman Are entrepreneurs made and not born? Martha Stewart, founder emerging markets Chief Executive President of Martha Stewart Living Omnimedia (MSLO), believes she felt It is often said that we are shaped by the spark as a child. “I was always inquisitive, curious — I love Sercomm Corporation Ambassador Theatre Medivation SCHANDY Hoa Sen Group our backgrounds. “I was an unlikely first Group learning new things.” lady,” said Cherie Blair CBE, QC, who grew What’s next for MSLO? China beckons. After a recent visit, up in Liverpool in a working-class, single-parent family. An early where she met with Jack Ma, founder of internet juggernaut lesson for her was that “to survive in this world, you need Alibaba, Stewart said that China is where the US was 25 years financial independence.” ago — with an exploding middle class. “We do most of our Today, Blair is a barrister, judge and campaigner for equality and Our world needs entrepreneurs. manufacturing in China now. How great would it be if we could human rights. In 2008, she founded the Cherie Blair Foundation for sell it in China, too?” Women, which runs programs in Africa, south Asia and the Middle Where others have doubts, they bring optimism. Where some see only risk, they see opportunity. They have passion, self-belief and an East to help women start and grow businesses. The foundation extraordinary drive to keep going when others would give up. We need their unique gifts now more than ever. has reached 118,000 women in more than 80 countries. She is These special people have created many of the world’s most dynamic and successful companies. We’ve been honored to guide so many of them married to Tony Blair, the former UK Prime Minister. on their journey. The EY Entrepreneur Of The Year Award celebrates their remarkable achievements. That’s why it’s the world’s most prestigious business accolade — it recognizes the most exceptional among a unique group of people. Keep going. Keep growing. The world needs you.
WEOY 2015_LEADERS supplement v9.indd 5-6 6/19/15 4:05 PM We welcomed some of the biggest names in business Family Business Summit to our World Entrepreneur Of The Year celebration. Next-gen consensus: it’s a different world Here’s what they had to say:
Howard Schultz Bill Ford Narayana Murthy Next-generation entrepreneurs face a different What next-gen members then do with their Eileen Rockefeller, philanthropic efforts are world than the one in which their parents business and money can be difficult to define the glue that holds families together across Chairman and CEO, Executive Chairman, Founder, (or even grandparents and beyond) founded for family-run companies. generations. Starbucks Corporation Ford Motor Company Infosys Limited and built family businesses. Maintaining and Johan H. Andresen of Ferd AS suggested that Panelists at several sessions agreed that growing a business beyond the founders’ social entrepreneurship programs should family succession will not work well if the next “I wanted to build the kind “If you look at the change “Technology is a great original vision can be immensely challenging fulfill three criteria: “It must try to solve a generation really doesn’t want to take over the for the next generation. Add in the fact that chronic social problem; it should be possible business. Effective succession planning is vital, of company my father that is coming to our leveler. Technology gives the founding parent may still be involved in to measure both the activity and its effect; and open communication among all family running the company, and leading a family firm it should be sustainable so that it runs on its members is key to a successful transition. never had the chance to industry, it is fast and confidence to people. can become a complicated task. work for.” furious, and it’s going Technology raises the own engine.” According to social entrepreneur to change our business hopes of people.” model dramatically.” IPO and Strategic Transactions Summit The ABCs of raising capital
Muhtar Kent Biz Stone Sir Martin Sorrell Chairman and CEO, Co-founder, Twitter Inc., and Group Chief Executive, WPP With a surging M&A market and a robust there, said Steve Baxter of Transaction Level looking for intellectual property and seeking The Coca-Cola Company Co-founder and CEO, “You must not be afraid IPO market, companies seeking to raise Investments,“You need a plan.” Going public large market opportunities. For others, Jelly Industries, Inc., on how capital have the luxury of options — plenty brings not only capital, but also a certain bringing in venture capital will allow the “Don’t have a monologue of them. Attendees at the IPO and Strategic cachet — a boost to the reputation and a sense company to continue building without the costs Twitter came to be: to cannibalize your own with the market — don’t businesses. If you don’t Transactions Summit heard from top advisors, of accomplishment. It’s also the best way and obligations faced by public companies. “We were having fun. executives and investors on how to approach for founders who are looking to scale up to In all cases, the value of preparation — and just throw new products eat your own children, and execute the right deal. maintain effective control. making the deal decision based on the out there — have a We were just goofing CEOs should start by making sure they’re On the other hand, for some companies, business, not just the market — cannot be someone else will.” raising money for the right reason, be it especially start-ups, strategic partnering might overstated. In particular, it’s vital to get the dialogue instead.” around.” acquisition currency or growth capital. From be the answer — established companies are right people on board — and on the Board.
Visit ey.com/weoy for recaps of all of our keynote sessions.
WEOY 2015_LEADERS supplement v9.indd 7-8 6/19/15 4:05 PM We welcomed some of the biggest names in business Family Business Summit to our World Entrepreneur Of The Year celebration. Next-gen consensus: it’s a different world Here’s what they had to say:
Howard Schultz Bill Ford Narayana Murthy Next-generation entrepreneurs face a different What next-gen members then do with their Eileen Rockefeller, philanthropic efforts are world than the one in which their parents business and money can be difficult to define the glue that holds families together across Chairman and CEO, Executive Chairman, Founder, (or even grandparents and beyond) founded for family-run companies. generations. Starbucks Corporation Ford Motor Company Infosys Limited and built family businesses. Maintaining and Johan H. Andresen of Ferd AS suggested that Panelists at several sessions agreed that growing a business beyond the founders’ social entrepreneurship programs should family succession will not work well if the next “I wanted to build the kind “If you look at the change “Technology is a great original vision can be immensely challenging fulfill three criteria: “It must try to solve a generation really doesn’t want to take over the for the next generation. Add in the fact that chronic social problem; it should be possible business. Effective succession planning is vital, of company my father that is coming to our leveler. Technology gives the founding parent may still be involved in to measure both the activity and its effect; and open communication among all family running the company, and leading a family firm it should be sustainable so that it runs on its members is key to a successful transition. never had the chance to industry, it is fast and confidence to people. can become a complicated task. work for.” furious, and it’s going Technology raises the own engine.” According to social entrepreneur to change our business hopes of people.” model dramatically.” IPO and Strategic Transactions Summit The ABCs of raising capital
Muhtar Kent Biz Stone Sir Martin Sorrell Chairman and CEO, Co-founder, Twitter Inc., and Group Chief Executive, WPP With a surging M&A market and a robust there, said Steve Baxter of Transaction Level looking for intellectual property and seeking The Coca-Cola Company Co-founder and CEO, “You must not be afraid IPO market, companies seeking to raise Investments,“You need a plan.” Going public large market opportunities. For others, Jelly Industries, Inc., on how capital have the luxury of options — plenty brings not only capital, but also a certain bringing in venture capital will allow the “Don’t have a monologue of them. Attendees at the IPO and Strategic cachet — a boost to the reputation and a sense company to continue building without the costs Twitter came to be: to cannibalize your own with the market — don’t businesses. If you don’t Transactions Summit heard from top advisors, of accomplishment. It’s also the best way and obligations faced by public companies. “We were having fun. executives and investors on how to approach for founders who are looking to scale up to In all cases, the value of preparation — and just throw new products eat your own children, and execute the right deal. maintain effective control. making the deal decision based on the out there — have a We were just goofing CEOs should start by making sure they’re On the other hand, for some companies, business, not just the market — cannot be someone else will.” raising money for the right reason, be it especially start-ups, strategic partnering might overstated. In particular, it’s vital to get the dialogue instead.” around.” acquisition currency or growth capital. From be the answer — established companies are right people on board — and on the Board.
Visit ey.com/weoy for recaps of all of our keynote sessions.
WEOY 2015_LEADERS supplement v9.indd 7-8 6/19/15 4:05 PM It was a week to remember in Great things happen when great minds gather Monaco. We heard from business The three panelists of “Entrepreneurs without luminaries, leading executives borders: collaborating to build a better world” and rising entrepreneurial stars. took the title of their discussion literally from We saw the entrepreneurial spirit as soon as they met backstage. Over the course of a lively session, Dr. Jennifer Nkuene in action with commitments to Riria, Say Jim Tan and Selim A. Bassoul address the global challenges decided on a project to address the global of youth unemployment and refugee crisis. As Bassoul of The Middleby Corporation said, poverty. And we capped it all there are now 50 million refugees in the world, off with our black-tie EY World 68% of whom are women and girls. Their Entrepreneur Of The Year gala. collaboration will have many moving parts, including portable toaster ovens, polystyrene Want to be inspired? Read on! blocks and ecologically responsible farm systems — all enabled by micro-financing. Youth unemployment: “Women need to be empowered within who can forget their first job? themselves,” said Riria of Kenya Women Holding (KWH) Group, which serves more than How do we offer “Generation Jobless” 1.3 million women and has disbursed more meaningful work? That question was tackled than $1.9b over 20 years. in a panel moderated by HRE Global’s Holly Ransom, co-chair of the G20 Youth Forum. Tan of IRIS Corporation Bhd demonstrated his latest invention, a polystyrene building “There are 75 million young people block that can create sturdy housing to unemployed,” Ransom said, “but this is just form the heart a family’s ecologically the tip of the iceberg. In the EU alone, the sustainable — and profitable — farm. Bassoul’s economic cost runs to €350 million per year.” Middleby has developed a portable toaster If we can get just 1% of unemployed young that can also recharge a cell phone. people into work, it will add $75b to the global economy, she added. Young people find themselves caught in a vicious circle of A helping hand being unable to get hired because they have no experience, so getting that first job is absolutely critical.
Bright lights, big cities, beautiful growth The growing urbanization of humanity Accelerating Entrepreneurs is part of has reached a turning EY’s commitment to helping high-potential point, said Arif Masood entrepreneurs around the world scale Naqvi, Founder and their business through one-on-one Group Chief Executive of guidance, networking and insight sharing. The Abraaj Group: it has Six entrepreneurs met with our Growth become a trend that cannot be stopped. Coaches to prepare for their growth journey Join us! Consider that 60% of global growth will occur toward becoming the global market leaders Don’t miss in about 500 cities around the world. Add of tomorrow. EY World Entrepreneur that cities are responsible for two-thirds of the Nominations are now open for US and Of The Year 2016 in world’s carbon emissions and consume 75% of Canadian participants to join us at the the world’s energy, and it becomes clear that EY Strategic Growth Forum® 2015 in Monaco, 8–12 June. cities will become the engines of economic Palm Springs, California. For more information growth, with a great many needs. visit ey.com/acceleratingentrepreneurs. “The whole opportunity set facing us is very large,” said Naqvi, who was interviewed by ey.com/weoy For more from Monaco, please visit Andrew Bainbridge, Global Head, Commercial ey.com/weoy for recaps on all sessions. Clients at Standard Chartered.
WEOY 2015_LEADERS supplement v9.indd 9-10 6/19/15 4:05 PM It was a week to remember in Great things happen when great minds gather Monaco. We heard from business The three panelists of “Entrepreneurs without luminaries, leading executives borders: collaborating to build a better world” and rising entrepreneurial stars. took the title of their discussion literally from We saw the entrepreneurial spirit as soon as they met backstage. Over the course of a lively session, Dr. Jennifer Nkuene in action with commitments to Riria, Say Jim Tan and Selim A. Bassoul address the global challenges decided on a project to address the global of youth unemployment and refugee crisis. As Bassoul of The Middleby Corporation said, poverty. And we capped it all there are now 50 million refugees in the world, off with our black-tie EY World 68% of whom are women and girls. Their Entrepreneur Of The Year gala. collaboration will have many moving parts, including portable toaster ovens, polystyrene Want to be inspired? Read on! blocks and ecologically responsible farm systems — all enabled by micro-financing. Youth unemployment: “Women need to be empowered within who can forget their first job? themselves,” said Riria of Kenya Women Holding (KWH) Group, which serves more than How do we offer “Generation Jobless” 1.3 million women and has disbursed more meaningful work? That question was tackled than $1.9b over 20 years. in a panel moderated by HRE Global’s Holly Ransom, co-chair of the G20 Youth Forum. Tan of IRIS Corporation Bhd demonstrated his latest invention, a polystyrene building “There are 75 million young people block that can create sturdy housing to unemployed,” Ransom said, “but this is just form the heart a family’s ecologically the tip of the iceberg. In the EU alone, the sustainable — and profitable — farm. Bassoul’s economic cost runs to €350 million per year.” Middleby has developed a portable toaster If we can get just 1% of unemployed young that can also recharge a cell phone. people into work, it will add $75b to the global economy, she added. Young people find themselves caught in a vicious circle of A helping hand being unable to get hired because they have no experience, so getting that first job is absolutely critical.
Bright lights, big cities, beautiful growth The growing urbanization of humanity Accelerating Entrepreneurs is part of has reached a turning EY’s commitment to helping high-potential point, said Arif Masood entrepreneurs around the world scale Naqvi, Founder and their business through one-on-one Group Chief Executive of guidance, networking and insight sharing. The Abraaj Group: it has Six entrepreneurs met with our Growth become a trend that cannot be stopped. Coaches to prepare for their growth journey Join us! Consider that 60% of global growth will occur toward becoming the global market leaders Don’t miss in about 500 cities around the world. Add of tomorrow. EY World Entrepreneur that cities are responsible for two-thirds of the Nominations are now open for US and Of The Year 2016 in world’s carbon emissions and consume 75% of Canadian participants to join us at the the world’s energy, and it becomes clear that EY Strategic Growth Forum® 2015 in Monaco, 8–12 June. cities will become the engines of economic Palm Springs, California. For more information growth, with a great many needs. visit ey.com/acceleratingentrepreneurs. “The whole opportunity set facing us is very large,” said Naqvi, who was interviewed by ey.com/weoy For more from Monaco, please visit Andrew Bainbridge, Global Head, Commercial ey.com/weoy for recaps on all sessions. Clients at Standard Chartered.
WEOY 2015_LEADERS supplement v9.indd 9-10 6/19/15 4:05 PM