17 June 2013

Nigeria: Ernst and Young Honours Entrepreneur

The Founder and Chief Executive Officer of the Chobani, based in the United States, Hamdi Ulukaya, has been named the Ernst & Young World Entrepreneur of the year 2013.

The award was presented to the entrepreneur at a ceremony held in Monte Carlo. Ulukaya was picked among 49 country finalists vied for the award across 47 countries.

Turkish-born Ulukaya, founded Chobani in New York in 2005 and launched Chobani Greek Yogurt two years later. Less than six years after the launch, it emerged as the best-selling yogurt brand in the United States with annual sales approaching $1 billion. Chobani has 3,000 employees and operates the largest yogurt factory in the world selling its products to Australia and the UK as well as the US.

Speaking on Ulukaya's achievement, Ernst & Young's Regional Managing Partner for West Africa, Mr. Henry Egbiki, said: "Hamdi's success records are uncommon and very inspiring. This is a testimony of true entrepreneurial spirit. It is a well deserved honour. I believe his achievement will inspire every aspiring entrepreneur across the globe".

Also, the Global Chairman and Chief Executive Officer of Ernst & Young, Jim Turley, said: "Over the past 26 years, entrepreneurs have done more than any other group to stimulate innovation, job creation and prosperity during both periods of growth and in more challenging economic conditions. Hamdi epitomises the vision and determination that set entrepreneurs apart and is very worthy of the title Ernst & Young World Entrepreneur of the year 2013."

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