Welcome!

News Feed Item

Nothing But Good: Chobani Founder Hamdi Ulukaya Named Ernst & Young National Entrepreneur Of The Year® 2012 Retail and Consumer Products Award Winner and Overall Award Winner

Ulukaya honored for creating a nutritional trend while harnessing his entrepreneurial vision to build a start-up into the number one Greek yogurt brand in America

NORWICH, N.Y., Nov. 18, 2012 /PRNewswire/ -- Hamdi Ulukaya, Founder of Chobani, has been named the Ernst & Young National Entrepreneur Of The Year® 2012 Retail and Consumer Products Award winner. Ulukaya was also awarded the Ernst & Young National Entrepreneur Of The Year® 2012 Overall Award, chosen from a group of 10 separate category finalists. The Ernst & Young Entrepreneur Of The Year Award is the country's most prestigious business award for entrepreneurs. The award encourages entrepreneurial activity and recognizes leaders and visionaries who demonstrate innovation, financial success and personal commitment as they create and build world-class businesses.

Ulukaya was recognized for bringing together his passion and entrepreneurial vision to turn a start-up yogurt company into a catalyst for America's Greek yogurt boom that has since changed the way U.S. consumers think about and eat yogurt, ultimately initiating a health revolution. He was honored at the Entrepreneur Of The Year gala, the culminating event of the Ernst & Young Strategic Growth Forum® in Palm Springs, Calif. The Forum is the nation's premier gathering of high-growth, market-leading companies. Awards were given in nine additional categories. All Ernst & Young Entrepreneur Of The Year Award winners were selected by an independent panel of judges from 244 regional award recipients. 

"Entrepreneurs continue to be a driving force in leading the economic recovery. Their ability to see around corners and find new, better ways of doing things makes them an engine of growth," said Bryan Pearce, Americas Director, Entrepreneur Of The Year, Ernst & Young LLP." Ulukaya's ability to not only see an opportunity in the market, but to turn that opportunity into a nutritional phenomenon is inspiring at a time when the news is frequently doom and gloom on market growth."

Hamdi Ulukaya: a journey of passion and unparalleled leadership

After leaving his family's dairy business in Turkey to pursue higher education in the United States, Ulukaya recognized a gap in America's dairy offerings and the opportunity to tap a relatively untouched market: Greek yogurt. Instinctively following his gut, he purchased an old Kraft yogurt plant in 2005 with the goal of bringing superior products to the U.S. market. He spent his days endlessly perfecting a yogurt recipe that would eventually, in 2007, come to be known as Chobani, or "shepherd" in Turkish. Ulukaya worked with his four ex-Kraft employees to hand package yogurt and fill orders. Seven years later, Ulukaya still walks the floor every day to oversee operations and prides himself on finding employees who share his same passion and work ethic.

Grassroots marketing done right

In less than four years, Ulukaya took Chobani's sales from $50 million to almost $700 million per year. While other competitors focus largely on mass marketing and TV advertising, Ulukaya has kept his brand different from the rest. He has instead taken a more creative, grassroots approach, capitalizing on social media and word of mouth marketing to build a cult following around the brand. With almost 600,000 Facebook fans, Chobani prides itself on being engaged and connected with its growing community.

Nothing But Good: a champion for positive change

Despite rapid expansion of the Chobani brand, Ulukaya sticks by his company's philosophy: "Nothing But Good." His philanthropic initiatives have supported more than 50 groups globally. In 2010, Ulukaya created the Shepherd's Gift Foundation, an independent 501c(3) in honor of his mother. The foundation contributes 10 percent of all Chobani post-tax profits to those working for positive, long-lasting change.

Ulukaya's also using his vision to expand into new product lines and grow Chobani's domestic and global footprints. He recently launched Chobani Champions, the first Greek yogurt for kids. Ulukaya is also undertaking a major expansion of the current New York plant and is constructing a new plant in Idaho that, when finished, will be the largest yogurt plant in the country. On a global scale, Ulukaya acquired Bead Foods in Australia in 2011 and is planning to move into Canada as well.

Ulukaya's hard work, creativity, passion and leadership have enabled him to be an inspiring global leader. Despite his success, he will always stay true to his promise to make high quality, fairly priced products so that everyone can have access to the best tasting yogurt.

National Entrepreneur Of The Year® 2012 Retail and Consumer Products finalists

In addition to Ulukaya, the Ernst & Young Entrepreneur Of The Year Retail and Consumer Products national finalists were: Kyle Krause, President and CEO, Kum & Go, L.C., based in West Des Moines, Iowa, a U.S.-based, family-owned company that is the 5th largest privately-held convenience store chain and currently has over 425 stores; David Overton, Chairman and CEO, The Cheesecake Factory, based in Calabasas Hills, Calif., a small mom-and-pop restaurant that grew into a national chain with 170 locations that now leads the industry in sales per restaurant; Andrew Thomas Mack, CEO and Chairman of the Board, Teavana Holdings, Inc., based in Atlanta, Ga., the first national, multi-channel retailer focused on the fastest growing segment in the tea industry, specialty loose teas.

Overall finalist awards were also given in the following nine categories: Media, Entertainment and Communications; Real Estate, Construction and Lodging; Distribution and Manufacturing; Emerging; Energy, Cleantech and Natural Resources; Financial Services; Life Sciences; Services; and Technology.

Video and photos

To view video clips of all of the Entrepreneur Of The Year winners, please visit ey.com/us/eoy. Photos of the winners are also available by request.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are nationally sponsored in the United States by SAP America and the Ewing Marion Kauffman Foundation.

About Ernst & Young's Entrepreneur Of The Year

Ernst & Young's Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 140 cities in 50 countries.

About Ernst & Young LLP's Strategic Growth Markets practice

Ernst & Young LLP's Strategic Growth Markets (SGM) practice guides leading high-growth companies. Our multidisciplinary team of elite professionals provides perspective and advice to help our clients accelerate market leadership. SGM delivers assurance, tax, transactions and advisory services to thousands of companies spanning all industries. Ernst & Young is the undisputed leader in taking companies public, advising key government agencies on the issues impacting high-growth companies and convening the experts who shape the business climate. For more information, please visit us at ey.com/us/strategicgrowthmarkets, or follow news on Twitter at EY_Growth.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

For more information, please visit ey.com.

This news release has been issued by Ernst & Young LLP, a client-serving member firm of Ernst Young Global Limited operating in the US.

 

 

 

SOURCE Ernst & Young

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We formed Formation several years ago to really address the need for bring complete modernization and software-defined storage to the more classic private cloud marketplace," stated Mark Lewis, Chairman and CEO of Formation Data Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.