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The 5th Business Forum of Conference on Interaction and Confidence Building Measures in Asia (CICA), 10-11 of November 2016, Astana, Kazakhstan

Olivia Lum of Hyflux named Ernst & Young World Entrepreneur Of The Year 2011

June 14, 2011 3:16 pm

First woman to win the award in 11th year of the competition
MONTE CARLO, 5 JUNE 2011 – Olivia Lum, Group CEO and president of Hyflux Limited, from Singapore, was last night named the Ernst & Young World Entrepreneur Of The Year 2011 at an awards ceremony held in Monte Carlo’s Salle des Etoiles. Olivia was picked from among the 49 country finalists vying for the title, each of whom had already been named the Ernst & Young Entrepreneur Of The Year in their home countries. This year saw more female finalists - six in total – than ever before.
Olivia founded Hyflux in 1989 with two staff and start-up capital of $US15,000. Today, Hyflux has become one of the world’s leading desalination suppliers. It is publicly traded with revenues of US$450m, employing more than 2,300 people in operations and projects in Southeast Asia, China, India, the Middle East and North Africa.
“I’m very happy to accept this award on behalf of all the employees at Hyflux. For me, this reinforces there are no difficulties you can’t overcome when you have faced the challenges of hunger and poverty,” said Olivia. “It is a great honor to have been selected from among such a fantastic group of entrepreneurs.”
Anatoliy Popelyushko, President of Rakhat JSC and winner of Kazakhstan’s 2010 Entrepreneur Of The Year award, proudly represented the country alongside the best global entrepreneurs at the international final of the Entrepreneur Of The Year® competition in Monte Carlo on 2-5 June 2011.
Anatoliy Popelyushko became the President of Rakhat JSC, Kazakhstan’s leading confectionery, in 1992. Due to his leadership and vision, the company succeeded in overcoming the crisis - the most difficult one for Kazakhstan’s economy - in the early 1990s. The company’s management system has been reorganized, and the technical equipment has been upgraded. Rakhat JSC is a modern industrial complex, whose products are of high quality and exceptional taste. As the confectionery leader in Kazakhstan, Rakhat employs over 3,500 people. Having production facilities in Almaty and Shymkent, Rakhat produces around 300 items of 13 distinct types of confectionery. The company’s production policy is based on high quality raw materials and strictly maintained technological processes.
Anatoliy Popelyushko says: “Entrepreneur Of The Year provided the opportunity to demonstrate my company’s achievements and successes and Kazakhstan’s as well, as a country willing to integrate deeper in the international market. Our achievements result from our commitments in applying advanced technologies and equipment, using an innovative approach to team work and delivering products competitive with leading international brands.”
Ernst & Young 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, Ernst & Young 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 more than 50 countries.