WORLD BIZ THE BUSINESS OF LEADERSHIP

WINTER // JANUARY 2019

CARLOS TAVARES GROUPE PSA... PREPARED FOR THE FUTURE + 2019 CEO AWARDS WINNERS

World Business Magazine December 2019 / January 2020 Editorial Mike WaltersÂ Editor in Chief Giles AndersonÂ Deputy Editor Contributors Troy Richards Mark Davidson Anne Chu Victoria Abbott Mahmoud Ayub Matt Lee David Sanchez Donald Adu Mark Berkshire Marketing / Web John West Advertising Alice Carreras David James Interns Zayne Walters Micah Sayed Director Yeliz Cilar www.worldbizmag.com team@worldbizmag.com

THE BUSINESS OF LEADERSHIP

Invest Newswire - 006 Appointments, Acquisitions - 010

<< Contents

Conference Board CEO Survey - 012 Carlos Tavares - Groupe PSA - 016 Wang Huang - Huami - 020 Invest in Sharjah- 026 Samuel Bistrian - Roma Boots - 028

Carlos Tavares Groupe PSA The Chairman of Europe's 2nd largest auto manufacturer

Brazil Life Sciences- 032

shares insight into top trends

Anna-Mieke Anderson - MiaDonna - 036

that will shape the future.

Texas Aerospace - 040 Philip Bautil - DS Smith Germany - 044 East of Germany Ec0nomy - 048 Amir Ehrlich - Orange Aviation - 050 Engie - Sustainable Mobility - 054

Samuel Bistrian

Richard Quaye - Quick Credit Ghana - 058

CEO of Roma Boots is on a

Belize Outsourcing Opportunities- 060

mission to alleviate poverty in

Alain Cardon - Metasystme S.A.S - 062

deprived regions of the world through the power of fashion.

Tamil Nadu - Driving India's Success- 066 Callum Griffiths - Clydach Group - 070 Invest in Uruguay- 072 Nick Cherukuri - ThirdEye Gen - 074 Apicorp MENA Forecast - 078 Bruno Roque Cignacco - 082 Finland Wood Industry - 086 Rehome Lavatories - 088 Moscow Innovation - 090 Barilla Foundation - 094 Sunning 2020 Investments - 096

Anna-Mieke Anderson CEO of MiaDonna &Co. is transforming the diamond jewelry industry and making an impact across the globe.

Career Reentry Tips - 098 UAE's Callix Expands Globally - 100 Costa Rica - Agriculture - 102 Costa Rica - Value Added Services - 103 Costa Rica - Health Services - 104 Wuxi Biologics - 105 Pendolom Capital - 106

Guido Barilla

Honduras Investment -108

CEO of the Barilla foundation

Anantara Desaru, Malasia - 110

has an urgent message for

Invest in Indonesia -112 Shell Innovatively Reuses Plastics -114 Benteller Plants Anniversaries - 116 CEO of the Year Awards - Insert

business leaders about the future of food and nutrition.

<< Contents

ENGIE - Sustainable Mobility as a Service A global leader in energy is focusing it's innovation on transforming the way we travel for a healthier world.

Finland Wood F is for Forests and Finland... abundant natural assets meetÂ best in class technologies, high expertise and a resourceful approach to wood processing.

Sharjah Investment One of the most diversified economies in the MENA region, Sharjah offers strong investment opportunities.

CEO of the Year Awards We present the 2019 TOP 50 INSPIRATIONAL CEO'S as voted for by our readers and 2019 HALL OF FAME entrants. FOUR ANNUAL AWARDS FOR EXCELLENT BUSINESS PERFORMANCE.

WBM TV

VIDEOS FOR CEOS www.worldbizmagazine.com

TMRW LIFE SCIENCES RAISES $25 MILLION IN SERIES B FUNDING LED BY 5AM VENTURES TMRW Life Sciences ("TMRW"), creator of ivfOS™, an integrated platform for automated, software-guided embryology and cryo-management, announced it has closed $25 million in Series B funding led by 5AM Ventures. This recent funding brings total investment in TMRW to $39 million over the past 12 months. TMRW provides a 100% physical and digital chain of custody, protecting and tracking eggs, embryos, and sperm through RFID-enabled technology. With 300 million global births predicted as the result of IVF by 2100, the need for IVF

INVEST NEWSWIRE ROUND UP OF VC FUNDING IN Q4 2019

clinics to adopt an automated method for managing reproductive cells has never been more crucial. www.tmrw.org PLAYON! SPORTS RAISES $25 MILLION IN SERIES B FUNDING PlayOn! Sports (PlayOn) announced that it has raised Series B funding of $25 million led by venture investment firm BIP Capital. New investors in the funding round include Jeff Vinik, Teall Capital, and Crossover. The capital will be used to further the company's growth by accelerating the deployment of the Pixellot automated production solution throughout the high school market, as well as for additional investments in its consumer products and automated marketing infrastructure. There are currently more than 4,000 Pixellot units in high schools across the country producing in excess of 150,000 live games annually without the need for human involvement. Subscription revenue has grown by more than 100 percent year over year. www.nfhsnetwork.com COGITATIVO RAISES $18.5M SERIES B ROUND OF FINANCING Cogitativo, Inc., the first-to-market data-science-as-a-service (DSaaS) company for healthcare service organizations, announced the closing of an $18.5 million Series B round of financing.The financing was led by Wells Fargo Strategic Capital (WFSC), a wholly-owned subsidiary of Wells Fargo & Company (NYSE: WFC), and additional funding was provided by Claritas Capital. This investment will support product acceleration of AI-driven solutions to detect and remediate areas of waste and inefficiency in the arrangement and financing of healthcare.In the last two years, Cogitativo has more than tripled in size and introduced new DSaaS.. www.cogitativo.com PAGE 006

LEVELSET RAISES $30 MILLION TO END SLOW PAYMENT

with participation from additional investors, including:

AND CASH FLOW PROBLEMS IN CONSTRUCTION

Eldridge Industries, 3L Capital, Cain International, Tribeca

Levelset, the platform that helps contractors get paid faster

Venture Partners, Softbank NY, Tenaya Capital and Upper90.

and eliminate cash stresses, announced an additional $30

The lead debt investor was Upper90, a New York-based credit

million round of funding led by Horizons Ventures with

fund specializing in providing growth capital. Launched three

participation from S3 Ventures, Altos Ventures, Operating

years ago in August 2016, Domio operates in 12 U.S. markets,

Venture Capital, Michael Gollner, and Darren Bechtel of Brick

most recently expanding its footprint into key flagship cities,

& Mortar Ventures. Horizons Ventures' Bart Swanson will join

including: Miami, Philadelphia and Phoenix.

Levelset's Board of Directors. Levelset has raised $47

apartment-hotel rooms are five times larger the average size

million to date. Cash pains are severe for millions of

of U.S. hotel rooms, making them perfect for groups, families

contractors across the world who exchange over $12 trillion

and business travelers, and cost about 25 percent less than

dollars of payments annually.

traditional hotels.

www.levelset.com

www.staydomio.com

SUMMERSALT

RAISES

$17.3M

SERIES

FUEL

EXPANSION Summersalt,

Domio's

WILLOW RAISES AN ADDITIONAL $20 MILLION TO FUEL GROWTH AND MAXIMIZE CHANNEL AVAILABILITY

the St.

direct-to-consumer

Willow, the femtech leader that changed the way women

travelwear brand announced that it has raised a $17.3M Series

pump with the first ever quiet, all-in-one, in-bra wearable

B, led by Mercato Partners, with plans to expand into

breast pump, has announced that is has raised an

additional

brand's

additional $20 million in funding. The investment was led by

overwhelming success in the swimwear category and recent

longtime investors NEA and Meritech Capital Partners as well

travelwear launch. Additional participants in the round

as Lightstone Ventures and others. The company's total

include

Ventures,

capital raised to date is now $100 million. The additional

Revolution's Rise of the Rest Seed Fund, Dundee Venture

funding will be used to fuel advanced product development

Capital, and Victress Capital. This round brings Summersalt's

for next generation products and further Willow's expansion

total funding to $26M.

into retail, insurance and international channels in order to

www.summersalt.com

reach more moms and further the mission of bringing joy to

apparel

Founders

Louis based

categories

Fund,

Lewis

following

and

the

Clark

motherhood. DOMIO RAISES $100 MILLION IN SERIES B FUNDING TO

www.willowpump.com

ACCELERATE GROWTH Domio, the New York-based technology-powered apartment-

WHYHOTEL SECURES OVER $20M IN SERIES B FUNDING

hotel brand, has announced that it has raised $100 million in

WhyHotel, an alternative lodging service that operates pop-up

Series B funding (an even combination of equity and

hotels in newly built, luxury apartment buildings, recently

debt).The equity round was led by GGV Capital in August 2019,

announced it has secured over $20 million in Series B funding. PAGE 007

he funding round was led by Harbert Growth Partners with

ELYSIUM HEALTH™ ANNOUNCES $40 MILLION SERIES C

participation from Camber Creek, Highland Capital Partners,

FINANCING LED BY GISEV FAMILY OFFICE

Working Lab Capital, Geolo Capital, Revolution's Rise of the

Elysium Health, Inc.,™ a life sciences company developing

Rest Seed Fund, and Mark Nunnelly, former Managing Director

clinically validated health products based on advancements

of Bain Capital Partners. The funds will be used to expand

in scientific research, today announced $40 million in Series C

WhyHotel's footprint, allowing both building owners and

equity and debt financing led by GISEV Family Office (Giuliani

customers to capitalize on its proven, unique business model

SpA / Royalty Pharma / HBM Healthcare / Nogra Pharma) and

nationwide. WhyHotel's total funding now stands at

joined by Mayo Clinic Ventures and leading venture lender

over $35M since its inception in 2017. The company plans to

Western Technology Investment (WTI), the first debt lenders

continue to accelerate the launch of pop-ups across the U.S.

to Stemcentrx, Health IQ, and Practice Fusion. Returning

in 2020 and lay the groundwork for building its own high-rise

investors include General Catalyst, Morningside Ventures, and

developments that bring the concept into buildings on a

Breyer Capital. The funding will support the expansion of

permanent basis via Hospitality Living.

Elysium Health's product portfolio and pipeline – which now

www.whyhotel.com

includes tests as well as clinically validated interventions – the continued growth of its customer base, and additional human

CF PHARMTECH CLOSES US$ 90 MILLION ROUND TO

clinical trials to evaluate the safety and efficacy of new and

ACCELERATE DEVELOPMENT OF RESPIRATORY DRUGS

existing products.

CF PharmTech, Inc., a pharmaceutical company with a vision

www.elysiumhealth.com

to provide quality and affordable respiratory drug products globally, announced it has raised a $90 million Series E

RIVIAN ANNOUNCES $1.3 BILLION FUNDING ROUND LED BY

investment led by New Alliance Capital. The investment

T. ROWE PRICE

included participation from new investors CR-CP Life Science

Rivian has closed an investment round of $1.3 billion. The

Fund,

Asset

financing was led by funds and accounts advised by T. Rowe

Management, Xiangcheng Financial Holdings, Everest Venture

Price Associates, Inc.Amazon, Ford Motor Company and funds

Capital, and existing investors, such as Oriza Holdings,

managed by BlackRock also participated in the round. The

Longmen Venture Capital, GTJA Investment and CMB

investment announcement is Rivian's fourth of 2019. In

International. The completion of this round of funding reflects

February, Rivian announced a $700 million funding round led

the strong support from China's investors to fuel high-caliber

by Amazon. In April, Rivian announced that Ford Motor

pharmaceutical companies that have a strong global

Company invested $500 million. In September, Cox

competitive edge, and will allow CF PharmTech to bring

Automotive announced its $350 million investment in Rivian,

products in its pipeline to market. CEC Capital served as the

complemented by plans to collaborate on logistics and

exclusive financial adviser to CF PharmTech.

service

www.cfpharmtech.com

www.rivian.com

Finnova

Capital,

Co-stone

PAGE 008

Invest Newswire BILLINGPLATFORM RAISES $10 MILLION SERIES B TO GROW BILLING SOFTWARE BUSINESS BillingPlatform, a global, cloud-based monetization and billing software provider, has raised $10 million in Series B funding from Columbia Capital. The money will be used to continue product development, customer success programs, and go-to-market efforts. BillingPlatform has now raised $14 million from Columbia since 2017. According to MGI Research, the market for monetization software tools is growing dramatically and represents expanding opportunity with a total market exceeding $172 billion to 2022. www.billingplatform.com SHENANDOAH VALLEY ORGANIC RAISES $15M TO DRIVE GROWTH Shenandoah Valley Organic (SVO) announced it closed a $15 million funding round led by NRV, with participation from Open Prairie, as well as existing investors S2G Ventures and Middleland Capital's VTC Innovation Fund. Founded in 2014 by CEO Corwin Heatwole, SVO produces the Farmer Focus™ brand, a mission-based, values-driven organic meat brand that provides best in class traceability. A sixthgeneration farmer himself, Heatwole revolutionized the industry by creating sustainable, innovative partnerships between SVO and family farms that allows farmers to retain ownership and grow profitability while also providing traceable, organic meat. www.farmerfocus.com METABOMED COMPLETES A $12.5 MILLION RAISE Metabomed, a leading cancer metabolism company completed a financing of $12.5 million bringing the total raised to date to $30 million. The company announced that it has declared a clinical candidate for its first-in-class program targeting the inhibition of the AcetylCoA Short chain Synthase 2 enzyme (ACSS2) in cancers dependent on acetate metabolism. The financing round was led by Yonjin Venture, joined by M Ventures, Pfizer Ventures, Pontifax Venture Fund, Boehringer Ingelheim Venture Fund and Arkin Bio. www.metabomed.com VECNA ROBOTICS ANNOUNCES $50M FINANCING AS DEMAND FOR WAREHOUSE ROBOTS AND WORKFLOW ORCHESTRATION SOARS The leading workflow orchestration and self-driving forklift provider, announced it raised $50 million in Series B funding. With double-digit annual growth forecast for the mobile robot market over the next five years, the new capital will expand Vecna Robotics' industry-leading footprint and accelerate the development of new product offerings. www.vecnarobotics.com PAGE 009

APPOINTMENTS APPOINTMENTS ACQUISITIONS & ACQUISITIONS & ALLIANCES BAMBOOHR APPOINTS BRAD RENCHER AS CEO TO ADVANCE MISSION AND DRIVE GROWTH BambooHR, the industry's leading cloud-hosted software provider dedicated to powering the strategic evolution of human resources, today announced Brad Rencher as CEO. Co-founders Ben Peterson and Ryan Sanders will focus on strategic oversight and direction as co-chairmen

leadership experience in the U.S., Latin America and Europe, most

of the BambooHR board of directors. With 500

recently as CEO of Itau BBA International plc. Prior to that, he

employees, 15,000 customers and over a million users

spent 19 years at Morgan Stanley as an investment banker in

worldwide, BambooHR is a leading and innovative

various leadership and client-facing roles, based in New

platform for Human Resources in the SMB market.

York, Brazil and London.

CHRISTIAN KOHLPAINTNER TO BECOME NEW CEO OF

MICHAEL KÖNIG APPOINTED NEW CHIEF EXECUTIVE OFFICER

BRENNTAG AG

OF ELKEM ASA AND ACQUIRES CHINA'S POLYSIL

The Supervisory Board of Brenntag AG appointed

Current chairman of the board of Elkem ASA, Michael König has

Christian Kohlpaintner as the company's next CEO and

assumed the position of CEO of Elkem ASA. Previous CEO, Helge

Member of the Management Board effective January 1st,

Aasen, will step down after more than ten years in the position and

2020. Over the last two decades, Christian Kohlpaintner

will become a member of the board of directors of Elkem ASA. Hao

has held various management positions in leading

Zhigang, current member of the board of Elkem, will assume the

international

Clariant

position of chairman of the board. Founded in 1904, Elkem is one

International Ltd. where he was Member of the Executive

of the world's leading suppliers of silicon-based advanced

Committee. Christian Kohlpaintner will succeed the

materials with operations throughout the value chain from quartz

current CEO, Steven Holland, who will leave the company

to specialty silicones, as well as attractive market positions in

at the same time. Brenntag is the global market leader in

specialty ferrosilicon alloys and carbon materials. Elkem is a

chemical and ingredients distribution. Brenntag operates

publicly listed company on the Oslo Stock Exchange, and is

a global network with more than 580 locations in 76

headquartered in Oslo. The company has 6200 employees with 27

countries. With its global workforce of more than 16,600

production sites and sales offices in a total of 28 countries

employees, the company generated sales of EUR 12.6

worldwide. Elkem ASA has entered into an agreement to acquire

billion (USD 13.3 billion) in 2018.

all of the shares in Polysil, a leading Chinese silicone elastomer &

companies.

joins

from

resins material manufacturer with strong positions in baby care SOTHEBY'S NAMES CHARLES F. STEWART AS NEW

and food grade silicones, as well as silicone products for the

CHIEF EXECUTIVE OFFICER

electronics

Sotheby's has announced the appointment of Charles F.

complementary product and market positions provide a solid

Stewart as Chief Executive Officer, effective immediately.

platform for further specialisation and growth in China and

Mr. Stewart joins Sotheby's from Altice USA, where he has

globally. Polysil is a privately owned company with more than 400

served as Co-President and Chief Financial Officer since

employees located in Zhongshan in Guangdong, China. The

2016. He assumed the role at Altice USA following more

company has two production facilities and a research and

than two decades of operations, financial and corporate

development centre with more than 50 scientists.

and

medical

markets.

Polysil

and

Elkem's

PAGE 010

The combination of Avon, Natura, The Body Shop and Aesop significantly amplifies the reach of a multi-channel, multi-brand group that will be an unparalleled leader in the Direct-to-Consumer space, bringing beauty to over 200 million consumers across the world.

NIGERIAN CEO WINS JACK MA'S AFRICAN BUSINESS HERO

NATURA & CO TO CLOSE ACQUISITION OF AVON, CREATING

AWARD

THE WORLD'S 4TH-LARGEST PURE-PLAY BEAUTY GROUP

A Nigerian entrepreneur has taken home the top prize at the

Natura & Co announced that it expects to close the acquisition

Jack Ma Foundation's first annual prize for African businesses.

of Avon Products, Inc. and appoint the new senior leadership

Temie Giwa-Tubosun walked away with the top $250,000 cash

team to drive the company's next phase of growth.The

prize from the $1 million available from the Africa Netpreneur

landmark transaction creates the world's fourth-largest pure-

Prize Initiative (ANPI), started by Chinese investor Jack Ma.

play beauty company. The combination of Avon, Natura, The

The organization says it will award a $1m grant to 10 African

Body Shop and Aesop significantly amplifies the reach of a

entrepreneurs every year for the next 10 years.Giwa-Tubosun

multi-channel, multi-brand group that will be an unparalleled

is the founder and CEO of LifeBank, a Lagos-based blood and

leader in the Direct-to-Consumer space, bringing beauty to

oxygen delivery company that connects registered blood

over 200 million consumers across the world. Natura &Co will

banks to hospitals and patients in need of urgent blood

hold leading positions in relationship selling, on and offline,

supplies. She said: "The Africa Netpreneur Prize will give me

through both Avon and Natura, with over 6.3 million

the resources to grow LifeBank and expand our presence in

Consultants and Representatives. The group will also have a

Nigeria and throughout the rest of Africa. I look forward to

strong position in retail with more than 3,000 stores and an

continuing my journey to solve problems and make a

expanded digital presence across all the companies. Natura

significant impact on the future of Africa."

&Co will have combined annual gross revenues of over US$10 billion,

than

40,000

associates,

broad

and

BOEING ANNOUNCES LEADERSHIP CHANGES

complementary product portfolio across key categories and a

Boeing announced that its Board of Directors named current

global footprint in over 100 countries.

Chairman, David L. Calhoun, as Chief Executive Officer and President, effective January, 2020. Mr. Calhoun will remain a

BMC APPOINTS TECHNOLOGY LEADER AYMAN SAYED AS

member of the Board. In addition, Board member Lawrence

PRESIDENT AND CEO

W. Kellner will become non-executive Chairman of the Board

BMC, a global leader in IT solutions for the digital enterprise,

effective immediately. Mr. Calhoun said, "I strongly believe in

has announced that Ayman Sayed has joined BMC as President

the future of Boeing and the 737 MAX. I am honored to lead

and Chief Executive Officer, effective immediately. Sayed

this great company and the 150,000 dedicated employees

succeeds Bob Beauchamp, who joined BMC as interim CEO

who are working hard to create the future of aviation."

in April 2019 and will continue his service to the company as Chairman of the Board. BMC delivers software, services, and

RICH WUERTHELE NAMED PRESIDENT & CEO OF CRAYOLA

expertise to more than 10,000 customers, including 92% of the

Rich Wuerthele, an executive with more than 30 years in the

Forbes Global 100.

consumer goods industry, will join Crayola as the new CEO. Rich will be joining Crayola from Newell Brands, where he has

THOMAS YOON NAMED PRESIDENT / CEO, LG ELECTRONICS

been the CEO of their Home Fragrance portfolio, including the

NORTH AMERICA

notable Yankee Candle brand. Home Fragrance is a global

Global innovator LG Electronics Inc. has named Thomas Yoon

consumer products business with 450 company-owned retail

President / CEO of LG Electronics North America. Effective Jan,

stores. Crayola LLC, a business of Hallmark Cards, Inc., is the

2020, he will be the company's most senior executive in the

worldwide leader in children's creative expression products.

Western Hemisphere. PAGE 011

BUSINESS LEADERS START 2020 WITH LINGERING CONCERNS ABOUT TALENT SHORTAGES & RECESSION RISK

A new survey reveals that the world's chief executives view

Widespread concern over trade uncertainty

the risk of a recession as their biggest external concern in

Global: CEOs globally rank uncertainty about global trade as

2020. Attracting and retaining talent ranks as their top

their 2nd biggest external worry in 2020.

internal concern. They also feel unsettled by trade

US: It ranks as the 4th biggest worry of US CEOs, tied with its

uncertainty,

affiliate issue: global political instability.

political

instability,

and

intense

competition from disruptive technologies. However, they

China: Chinese CEOs rank trade uncertainty as their top worry,

plan to counter such forces by developing more innovative

tied with their fear of a recession.

cultures and new business models.

LATAM and Europe: CEOs there rank it 1st and 3rd, respectively.

Conducted annually since 1999 by The Conference Board, this

Chinese CEOs feeling the effects of economic sanctions

year's survey gauged nearly 750 CEOs and nearly 800 other C-

China: Chinese CEOs rank the effects of economic sanctions as

Suite executives from mainly four regions: Europe, Latin

their 5th biggest external worry, tied with the issue of more

America, Asia, and the United States. As part of the survey,

demanding customers. Their concern about sanctions is the

participants weighed in on which external and internal issues

highest ranking by any country by a big margin.

warrant the most immediate attention in 2020.

What it reveals about US-China trade tensions: The role technology plays in this conflict is deep and enduring. Tariffs

Recession fears top the list

are likely to be temporary and easily subject to negotiation, but

Global: For the 2nd year in a row, CEOs and other C-Suite

technology blockades, via economic sanctions, are not.

executives globally rank a recession as their top external worry in the year ahead.

Competition intensifies

US: For US CEOs, a recession rose from being their 3rd biggest

Global: For CEOs globally, fiercer competition rose from being

concern in 2019 to their top one in 2020. The issue surpassed

their 4th top external worry in 2019 to their 3rd in 2020.

cybersecurity, their top concern in 2019.

US: For two years in a row, US CEOs cite the issue as their

Elsewhere: A recession also tops the list of concerns of Chinese

2nd top external worry.

and European CEOs, and ranks as the runner-up for Latin

China: For Chinese CEOs, concerns about fiercer competition

American and Japanese CEOs.

rose from being their 7th in 2019 to their 3rd in 2020. PAGE 012

"The ongoing concerns about recession risk among business leaders reflect the slowing economy of the past year and the uncertainties about the outcome of the trade disputes and other policy concerns. However, given a slightly better outlook for the global economy and an easing of trade tensions, we anticipate that a drumbeat of negative sentiment – which can become a self-fulling prophecy – can be avoided, and that we will see more confidence about business prospects in 2020."

- Bart van Ark, Chief Economist at The Conference Board.

Cybersecurity budgets increase, strategy remains elusive

Developing innovative products and cultures are a key focus

Bigger budgets: More than 70% of responding CEOs globally

Create

plan to increase their cyber security budgets in 2020.

technologies: CEOs and other C-suite executives globally rank it

But unclear strategy: Almost 40% of responding CEOs globally

their 2nd top internal priority.

say their organizations lack a clear strategy to deal with the

Create a more innovative culture: CEOs and other C-Suite

financial and reputational impact of a cyber attack or data

executives globally rank it their 3rd top internal priority.

new

business

models

because

disruptive

breach. Widespread commitment to cultivating future leaders Climate change heats up

Global: CEOs and other C-Suite executives globally rank

Global: For 2020, CEOs globally ranked the impact of climate

developing "next gen" leaders as their 4th top internal priority.

change on their business as 9th, up from 11th in 2019.

Japan: Japanese CEOs rank this issue as their number-one

Driving the momentum: CEOs in Latin America (4th, up from

internal priority, ahead of all other internal issues.

10th in 2019) and Europe (8th, up from 13th in 2019). Women C-Suite executives more concerned about equal pay "The ongoing concerns about recession risk among business

for equal work

leaders reflect the slowing economy of the past year and the

Women: Globally, implementing equal pay for equal work

uncertainties about the outcome of the trade disputes and

ranked as their 6th top internal priority.

other policy concerns," said Bart van Ark, Chief Economist at

Men: Globally, the issue ranked as their 15th top internal

The Conference Board. "However, given a slightly better

priority.

outlook for the global economy and an easing of trade tensions,

"The global challenge in acquiring and retaining talent requires

we anticipate that a drumbeat of negative sentiment – which

companies to be more strategic – knowing not only

can become a self-fulling prophecy – can be avoided, and that

what qualities and skills to recruit for, but also how to recruit

we will see more confidence about business prospects in 2020."

more efficiently and effectively," said Rebecca Lea Ray, Ph.D., Executive Vice President of Human Capital at The Conference

The number-one priority: attracting and retaining top talent

Board. "To support such efforts, they can consider leveraging

Widespread agreement: Regardless of a company's location or

artificial intelligence, a valuable tool when used with the proper

size, attracting and retaining top talent ranks as the number-

understanding and safeguards."

one internal stressor for CEOs and other C-Suite executives globally in 2020.

Mature-Market CEOs vs Emerging-Market CEOs

What's intensifying the talent battle? A tight labor market,

The survey results reveal much agreement between CEOs in

among other issues. CEOs globally, for example, cite the tight

mature economies (436 respondents) and emerging markets

labor market as their 5th biggest external worry in the year

(304 respondents). However, some stark differences exist when

ahead.

it comes to which issues they plan to prioritize in 2020. PAGE 013

THE HIKE MAGAZINE

Conference Board - 2020 CEO Survey Tight labor market Mature-market CEOs rank the issue as their 3rd biggest external concern. Emerging-market CEOs rank it 10th. Uncertainty about global trade Emerging-market CEOs rank the issue as their numberone external concern. Mature-market CEOs rank it 4th. Declining trust in political and policy institutions Emerging-market CEOs rank the issue as their 5th top external concern. Mature-market CEOs rank it 8th. Create new business models because of disruptive technologies Emerging-market CEOs rank the issue as their 2nd top internal priority. Mature-market CEOs rank it 4th. Manage mergers and acquisitions Mature-market CEOs rank the issue as their 7th top internal priority. Emerging-market CEOs rank it 12th. Build a more inclusive culture Mature-market CEOs rank the issue as their 8th top internal priority. Emerging-market CEOs rank it 16th. "When it comes to creating new business models because of disruptive technologies, there is more urgency among emerging-market CEOs than those in more mature economies," said Chuck Mitchell, Executive Director of Knowledge, Content, and Quality at The Conference Board. "This should raise a warning flag about possible complacency considering the current speed of disruption. The truth is that, today, companies no longer enjoy the luxury of a decades-long lead time to adapt to the digital revolution." About The Conference Board The Conference Board is the member-driven think tank that delivers trusted insights for what's ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. Website: www.conference-board.org PAGE 014

WORLD BIZ MAGAZINE

2020 CEO OF THE YEAR AWARDS NOMINATE AT: WWW.WORLDBIZMAGAZINE.COM

77MEGA TRENDS MEGA TRENDS THAT WILL WILL SHAPE THAT SHAPE OUR FUTURE FUTURE OUR Carlos Tavares, The Chairman of Europe’s second largest vehicle manufacturer - Groupe PSA, shares his vision of the major trends that will transform or change society, and in particular mobility.

MARKET DIVERGENCE Groupe PSA is one of the world’s leading providers of mobility solutions. Operating on the 5 continents, it must adapt its offer to the specific needs of each market. Today, we no longer offer the same product all over the world. This is the end of the “one size fits all”. Thus, the strong automotive culture in Europe or North America tends to slow down the deployment of new mobility solutions. On the contrary, Africa should skip the stage of owning a vehicle thanks to the democratization of smartphones and the new mobility services offered. Europe, North America and Japan are renewal automotive markets, while others such as India are experiencing strong growth. Despite market fragmentation and new modes of mobility, automotive industry revenue sources are expected to increase by about 30% by 2030, representing nearly 4.4% annual growth, mainly based on on on-demand mobility and new data-based

ENERGY AND THE ENVIRONMENT

services.

Today, the energy and ecological transition is a priority for public

SHARING

2021 onwards, European legislation will require that carmakers cut

Carpooling, self-service cars, by 2030, more than one kilometre out of three will be “shared”.In a few years’ time, travelling alone in your own car will no longer be the norm. Everyone will choose the mobility solution that best suits them according to the context. Thus, “shared mobility” is profoundly transforming the automotive market. But while its economic benefits are reducing the number of vehicle owners, registrations are increasing, to the benefit of shared platform fleets. As an actor committed to safe, simple, sustainable and affordable mobility, Groupe PSA offers mobility services with Free2move that guarantee everyone freedom of movement.

authorities as they become the new technology specifiers. From their current average C02 emissions per kilometre by 40%. To achieve these targets, Groupe PSA needs to capitalise on the development of electric vehicles and plug-in hybrids. It must leverage its ability to adapt and capacity for innovation to support the transition, transforming obstacle into opportunity. But this transformation is not just about changing the types of transport we use; it is about changing the way we live. With more expensive vehicles comes the greater risk of wider inequalities. To preserve our freedom of movement, Groupe PSA is also extending is portfolio of mobility services. Lastly, the mass deployment of electric vehicles means anticipating the challenges associated with raw materials and the production of electricity. The aim is to achieve environmentally but also socially responsible mobility. PAGE 016

In 2050, 9 billion people will populate the Earth. Our mission is to offer everyone the opportunity to move freely. In both urban and rural areas. In Western as well as in emerging countries.

CONNECTIVITY

than 200,000 kilometers. But despite the technological

The car is the next connected object.According to Business

advances, prudence remains paramount at Groupe PSA, whose

Insider Intelligence, by 2020 the number of connected vehicles

absolute first priority is safety. The Group will gradually equip

in circulation will reach 381 million. This connectivity is based

its vehicles with the level 3 autonomous driving functions,

on an exchange of data, which, when collected and analysed,

initially at low speeds (the driver will be able to activate the

makes it possible to provide new services to users and cities:

autonomous mode under certain conditions, such as in a traffic

predictive maintenance, energy optimisation, choice of the

jam on a lane with separate carriageways). Then, vehicles with

best route according to traffic, optimisation of transport

level 4 functions (without driver) will certainly be possible for

flows, etc. This data is central to the emergence of Smart

the shared transportation of passengers and goods on private

Cities and new on-demand mobility models. Users regularly

sites and in closed-off areas. The autonomous automobile

share their data in exchange for access to a service. Thus, a

revolution is underway. According to a KPMG study, 42% of

large majority of the data shared today is free of charge and

kilometers driven in Europe will be traveled by autonomous

without always measuring its impact properly. However, there

vehicles by 2030. They will account for 10% of car sales by 2035.

is a growing feeling among consumers that they are being dispossessed of their personal data and their right to privacy.

DIGITALISATION

On the manufacturers’ side, data ownership raises many

Successful digital transformation is not just about adopting

questions. Do they belong to the car owner? to the driver? to

new technological tools. This mutation is above all a human

the mobility service operator? Should we therefore preserve a

story.Big data, connected objects, artificial intelligence…

private space inside the vehicle? Or completely anonymize the

Digital transformation creates value by optimizing internal

data? In partnership with IBM as part of the “Smarter Cities”

processes at all levels of the hierarchy, from R&D to production,

project, Groupe PSA has chosen to make anonymous vehicle

from

data available to about ten cities and regions in order to solve

digitalization leads to a profound cultural change in the way

traffic congestion problems and detect dangerous areas. A

people work. To bring out innovative solutions, employees are

data governance model must be invented to respect privacy

now invited to take decisions in a collaborative and transversal

while preserving our freedom of movement.

way.Accompanying this transition requires “embedding” all

marketing

after-sales

service.But

above

all,

employees in a global dynamic of change, regardless of their AUTONOMY

generation and degree of digital literacy.The company’s

In freeing us from driving, autonomous vehicles will

competitiveness is based on this pool of talent with creative

encourage a shift in our relationship to time. Road safety

ideas. This is why Groupe PSA relies on the training of its

conditions will also improve as the number of traffic accidents

employees to prepare for the future and grow with them.

declines. Autonomous vehicles will only gradually make their way onto the market. Different levels of vehicle automation

CHANGES IN CUSTOMER BEHAVIOUR

will be introduced during the coming transition period, giving

In 2050, 9 billion people will populate the Earth. Our mission is

social behaviors and regulations the time needed to adjust.

to offer everyone the opportunity to move freely. In both urban

This is because the use of artificial intelligence, which is

and rural areas. In Western as well as in emerging countries.

essential to autonomous driving technology, lies at the crux of

The deployment of connected services and the emergence of

a number of ethical, environmental and legal issues. By the

new players has led to new consumption patterns. The demand

end of 2019, the Group’s prototype vehicles equipped with

for customization of mobility services is very high. Beyond the

level 2, 3 and 4 autonomous driving functions had driven more

automotive sector, consumers’ expectations are now focused PAGE 017

Europe’s second largest vehicle manufacturer is continuing its transformation with a new strategic plan, Push to Pass. Its ambition: to market vehicles of cuttingedge efficiency as well as the mobility services acclaimed by its customers.

on user experience and quality of service.Customers are

CAR MANUFACTURER AND MOBILITY PROVIDER

looking for mobility solutions that fit their lifestyles. They want

From the production of vehicles to the design of innovative

a range of mobility services that meet each of their needs. Car-

services adapted to customer needs and the invention of

sharing, intermodality, “on-demand” services are the new face

solutions that shape future mobility, Groupe PSA is present

of mobility. Transport modes coexist and downtowns are

across the entire automotive value chain.

redesigned to reduce the space exclusively used by cars. Of course, ecofriendly mobility is now a necessity for all. Former

A GLOBAL AUTOMOTIVE GROUP

Secretary of the Environment of Mexico DF (in charge of the

Groupe PSA is present in some 100 countries and develops

climate plan and the “soft mobility” strategy), Martha

activities in six strategic regions.

Delgado is also the Executive Director of the PENSAR Foundation. Previously, she was a Member of Parliament

A LEADING VEHICLE MANUFACTURER SETTING ITS SIGHTS

(independent), leader of environmental community networks,

ON THE NEW

former Governor of the World Water Council and Vice-President

Europe’s second largest vehicle manufacturer is continuing its

of the Local Governments for Sustainability (ICLEI) network.

transformation with a new strategic plan, Push to Pass. Its ambition: to market vehicles of cutting-edge efficiency as well

Carlos Tavares, a graduate of Ecole Centrale de Paris, held a

as the mobility services acclaimed by its customers. Today,

number of different positions with the Renault Group from

smartphones give us access to a wide range of transport

1981 to 2004 before joining Nissan.In 2009 he was appointed

solutions that we can pay for as we go. This “mobility as a

Executive Vice President, Chairman of the Management

service” is a tailor-made response to our individual travel

Committee Americas and President of Nissan North America.

needs.Committed to safe, simple, sustainable and affordable

He was named Group Chief Operating Office of Renault in

mobility, Groupe PSA also provides mobility services that give

2011.He joined the Managing Board of Groupe PSA in January

everyone the freedom to move around.

2014, and was appointed Chairman of the Managing Board in March 2014.

Website: www.groupe-psa.com PAGE 018

LIFE SCIENCES AND HEALTH SCIENCES

INNOVATE IN

TORONTO Annual r&d spend

EMPLOYS

TECH COMMUNITY

$1 Billion USD

40,000 Pros

14,000 Companies

WWW.TORONTO.CA

MARCHING INTO THE NEXT DECADE: ESTABLISHING A GLOBAL HEALTH ECOSYSTEM - WANG HUANG AN OPEN LETTER FROM HUAMI CEO AND FOUNDER

"What is the key user value proposition of the smart wearables industry? For example, WeChat became successful because it was able to create signiﬁcant value to users for the mobile Internet. We pondered on this question for about a year, considered many aspects; and we eventually concluded the answer should be Health"

We are marching into the third decade of this century.

As can be seen above, smart wearables can deliver many user value propositions, including but not limited to: health,

In the second half of last year over the course of three months,

sports, mobile payment, entry points to IoT and controlling of

together with the participation and support of over 500 Huami

smart home appliances, AI assistant, security and even social

colleagues, we ﬁnally decided to upgrade the mission of our

interaction.

company to be: "Connect Health with Technology". We also decided our company's vision to be: "Establish a global health

All these user value propositions caused much enticement

ecosystem; and be the most trusted partner of our users".

and excitement for me and our key management team over

Here, I would like to share with you some of my thoughts that

the past few years. We thought about how can we deliver all

went into this process.

these and even many more features to our users based on smart wearables. However, one day, I suddenly wondered:

At the end of 2018, I had a deep discussion with our senior

"Can we really deliver all of these features on our own?

executive team about this question: 'What is the key user

Shouldn't this be the eﬀort of the entire industry by working

value proposition of the smart wearables industry?'. For

together?"

example, WeChat became successful because it was able to create signiﬁcant value to users for the mobile Internet. We

My conclusion is: Yes. Let's stop dwelling on the "winner-take-

pondered on this question for about a year, considered many

all" fantasy. We should open up our smart wearable devices

aspects; and we eventually concluded the answer should be

platform, connect and collaborate with more partners to

"Health".

deliver more values to our users together. For us, we should just focus on health.

Actually, health is not only the key user value proposition of smart wearables, it is also one of the key user value

After thinking through this, I suddenly felt a sigh of relief. This

propositions of the IoT (Internet of Things) era. The next

is because everyone I see around can all be friends, and not be

decade will still be an era of people-centric technology

enemies. It is also because we do not need to spend resources

development.

to cover everything. But rather, we can release much more resources to focus deeply on the health vertical. We can ﬁnally

Smart wearables are the "closest" consumer electronic device

use "health" as the core logic to clearly drive our business

to human; since it is worn by people. Compared with

forward. Based on this logic, all of us can clearly understand

smartphones, smart wearables can provide many new

why we work on some devices and not the others. With this

features, empower new usage scenarios and other advantages

focus, we will not be enticed to do many other things due to

due to the closeness of the device's physical distance to the

our strong hardware development capabilities; and we can

human body. Smart wearables can continuously monitor

eﬀectively control our tendency to do everything just because

human biometrics 24/7. It can be the essential component of

we feel we can.

sports equipment. It can be a key tool in children's social interaction and security. It can be used for public

As we go deep in health in the smart wearables industry, we

transportation payment or secured door access. It can be

can provide much vertical value to our users and society. This

used to control smart home appliances; and it can be used as

is comparable to other companies in the smartphone industry

an AI speech assistant that is attached to your body.

which mainly just work on delivering one single but hugely PAGE 021

THE HIKE MAGAZINE

Wang Huang - Huami

successful smartphone app, such as: WeChat, WhatsApp, Twitter, Yelp, Instagram, Tik Tok, Spotify, Netflix, etc. Any of these companies' successes is no less significant than a "pure" smartphone company that only produces smartphones. The main value segments of our industry are hardware, software and cloud services. For hardware, value segments can further be classified into technology, product, channel and branding. Any one of these value segments can create a company and become that company's core competency and competitive advantage. However, a company with hardware expertise alone cannot win all; but it can potentially survive in a certain geographic region. Software, big data and cloud services can potentially dominate and work across different hardware platforms, but software's development rely heavily on hardware maturity and hardware iteration support. Consequently, for people who are serious about software and cloud services, they need to develop hardware themselves. For people who are serious about big data, they need to develop sensors themselves. The first part of the last sentence is from a quote of the computer scientist Alan Kay. The second part is the result of my own thinking from following the same logic. The past six years of Huami's development period happens to coincide with the IoT development period, as well as the development period of the smart wearables industry. First, we have hardware devices, then software and data, and finally cloud services. We are at the stage of hardware rapid development moving toward maturity, data being produced in massive quantity, and cloud services being explored. That is why we need to aggressively produce more hardware (we shipped over 27.6 million devices during the first 9 months of 2019, which exceeded the full year shipment of 2018), open up more international channels to sell our products all over the world (we have already entered 78 countries and regions), drive the industry's rapid progress, continuously accumulate massive amount of data (we are already the world's largest sports activities and human biometrics health data company), and go deep in the "Health App" development. The smart wearables industry represents the future growth phase of the smartphone industry; and it is also the core catalyst in the revolution of the healthcare industry. The global healthcare industry market opportunity is actually 6 times the size of the global smartphone industry. We are currently at a time just before the dawn of revolutionary PAGE 022

"After thorough discussion and considering our company's past successful experiences and future challenges, we established the following core values as the guiding principles for everything we do moving forward: Simplicity, Inclusiveness, Professionalism, and Reliability."

changes in the healthcare industry and standing at the

progress of the global healthcare industry. In the long-term,

threshold of the next IoT decade. If we have the patience of

our goal is to establish a global health ecosystem, and lead

using the scale of a decade's time to deeply innovate and

the revolution of the healthcare industry world-wide.

accumulate resources, we will be able to drive signiﬁcant revolutionary changes in the healthcare industry. We can also

After conﬁrming our mission and vision, the next key issue to

become the most trusted partner of our users and establish a

consider is what are the core principles under which that will

new global health ecosystem.

guide our path forward. After thorough discussion and considering our company's past successful experiences and

Therefore, we choose to focus on the health vertical. By

future challenges, we established the following core values as

leveraging the relentless pursuit of "technology" as our

the guiding principles for everything we do moving forward:

driving force, we help users to connect with health. The word

Simplicity, Inclusiveness, Professionalism, and Reliability.

"connect" here deﬁnes the positioning of our company's value creation in the global health ecosystem. Through

Simplicity is to safeguard Professionalism. Professionalism is

establishing an ecosystem, we help to connect users' needs

the premise and foundation of Inclusiveness and Reliability.

with services from health service providers by providing the foundation of data and network connectivity. However, our

Simplicity is one of our highly promoted principles. It is also

"connect" not only help users to connect with health and

part of the successful experience we inherited from our past. It

medical resources over the Internet. By leveraging hard core

is part of our DNA make-up. Within our company, we must

technologies (e.g. new materials and bio sensors, AI

insist on a simple people relationship model to communicate

algorithms, data mining, smart wearable devices, cloud

simply and directly to collaborate eﬀectively regarding work

services, etc.), we also help "connect" users to the IoT world.

issues. When working with internal colleagues or external partners, we shall always be cordial. We should focus only on

Through the use of our leading edge technology and Internet

the evaluation of the process and the results, the root causes

methodologies, we drive the science of human biometrics

and resolution of the issues. We should not have

measurement,

presumptions or be partisan; we do not play company politics

seamlessly connect to the Internet. We establish an

or escalate to personal attacks; and we do not magnify or

infrastructure and ecosystem for the health of mankind,

over- analyze issues unnecessarily. We should be fact-

eﬀectively connect users with relevant segments of the global

oriented, and not beat around the bush or be evasive. We do

healthcare industry, and help people to realize their health

not shift blame or responsibility onto others; nor do we waste

and wellness wishes.

time talking about irrelevant things or fantasies.

To achieve these objectives, we have clearly deﬁned short,

Inclusiveness has always been part of Huami's growth logic.

mid and long-term goals.In the short-term, we will lead the

By being open-minded, respectful and inclusive to diﬀerences,

global smart wearable industry by being a smart wearable

we are able to work eﬃciently with people of diversiﬁed

products and services provider with the best-of-breed "Device

backgrounds to achieve extraordinary greatness together.

+ Chip + Cloud Services" capabilities.In the mid-term, we will

Inclusiveness is necessary for diversity. Diversity is the root of

continue to develop powerful human biometrics analytics

innovation and a prerequisite characteristic of an ecosystem.

engine, establish a health big data platform, and drive the

Diversity is also necessary to prevent an organization from

self-quantiﬁcation

and

help

users

PAGE 023

"Therefore, we choose to focus on the health vertical. By leveraging the relentless pursuit of "technology" as our driving force, we help users to connect with health."

PAGEÂ 024

Wang Huang - Huami

becoming hidebound, enables the organization to stay receptive to new ideas and continue to be creative. As we become a global company, we need to be inclusive to differences and be considerate toward different opinions. While we maintain the course of our mission and vision, we shall be respectful and inclusive to diversified cultures. Only by doing so can we attract more talents and innovative resources to drive the rapid progress of our endeavors. Professionalism is at the core of Huami. We have never given up on the pursuit of professionalism and continuous innovation. It is exactly this kind of pursuit that formed the technological accumulation which not only enabled us to survive through difficult times, but also empowered us to grow quickly at opportune times. Technology is the engine of our progress. This requires us to respect and promote professionalism in our work environment. We should be data and factoriented, be objective, rational, thorough and rigorous in our work. These are the fundamentals to enable us to develop great products and services that will delight our customers. Professionalism is also an essential characteristic of our company in order to be a "professional payer" in the highly competitive healthcare industry. Reliability is also our key pursuit at Huami. Only by earning the user's trust and reliance can: a) our products and services be truly successful in delivering values, b) our data to be continuously sourced from users, and c) our pursuit of healthy living to truly benefit the whole society. Only by obtaining the reliance of our partners can we better integrate global resources to empower the healthcare industry, establish a global health ecosystem, and lead the revolution of the healthcare industry world-wide. About Huami Corporation Huami is a biometric and activity data-driven company with significant expertise in smart wearable technology. Since its inception in 2013, Huami has quickly established its global market leadership and recognition by shipping millions of units of smart wearable devices. In 2018, Huami shipped 27.5 million units of smart wearable devices. Huami has one of the largest biometric and activity databases in the global smart wearables industry. Huami's mobile apps work hand in hand with its smart wearable devices and provide users with a comprehensive view and analysis of their biometric and activity data. Website: www.huami.com PAGE 025

SHARJAH, UAE IS A STRATEGIC DESTINATION FOR BUSINESS AND INVESTMENT

Centrally located between Europe and East Asia, with convenient access to major international airports and ports on both the Arabian Gulf and Indian Ocean, Sharjah is a strategic investment destination. The U.A.E. is a stable and predictable business environment, offering long-term potential and prospects. Investors will benefit from Sharjah’s tremendous potential. From its open-door policy and simplified incorporation process, to special investment zones and a favorable regulatory environment, Sharjah offers competitive advantages to regional and international investors. The UAE is a stable and predictable business environment offering

Sharjah is one of the most diversified economies in the MENA region and the cultural capital, industrial hub and education hotspot of the United Arab Emirates (U.A.E.).

long-term potential and prospects. Sharjah’s economic resilience is

FDI

established in Sharjah’s free zones.

further fueled by 55,000+ SMEs that already benefit from the competitiveness of the emirate’s supply chain. Over 13,000 companies, with investors from more than 157 nationalities, are currently

PAGE 026

At Invest in Sharjah we identify, promote and facilitate investment opportunities in all sectors, with a focus on Travel & Leisure, Transport & Logistics, Healthcare, Environment, Education and Light Manufacturing, by providing bespoke, step-by-step guidance and support to investors as they explore the many opportunities the emirate offers.

Investors in Sharjah benefit from an attractive and

Healthcare: Sharjah’s growing population has increased

continuously improving national investment environment. In

demand for advanced healthcare and medical services. As

the World Bank’s 2017 ease of doing business index, the UAE

Sharjah looks to increase its capacity to accommodate the

ranked 26th out of 190 countries, up eight places from the

rising healthcare demands, there is ample room for growth and

previous year. In addition, the UAE ranked 11th out of 138

investment in the healthcare sector.

countries

the

World

Economic

Forum’s

“Global

Competitiveness Report 2016-17”.

Free Zones Overview: Over 13,000 companies, with investors from more than 157 nationalities, are currently established in

At Invest in Sharjah we identify, promote and facilitate

Sharjah’s two complimentary free zones at a sea port and an

investment opportunities in all sectors, with a focus on Travel

airport.The U.A.E. is a stable and predictable business

& Leisure, Transport & Logistics, Healthcare, Environment,

environment offering long-term potential and prospects.

Education and Light Manufacturing, by providing bespoke,

Sharjah’s economic resilience is further fueled by 55,000+ SMEs

step-by-step guidance and support to investors as they

that benefit from the competitiveness of the emirate’s supply

explore the many opportunities the emirate offers.

chain.

Travel & Leisure: With a sharp rise in demand, the travel &

Investment Opportunities: Hotels, Restaurants, Eco Tourism,

leisure sector offers a wide range of investment opportunities.

Tourism, Hospitals, Healthcare, Environment Technology,

From an ever-increasing demand for luxury hotels and

Renewable Energy, Waste Management, Research, Private

restaurants to growing passenger arrivals at the emirate’s

Schools.

airport and cruise terminals, Sharjah offers tremendous opportunities for investments in this flourishing sector.

“Benefiting from a rich heritage and steady growth, Sharjah is looking to further develop and diversify its economy.”

Transport & Logistics: "A strategic location and strong infrastructure” As the centre of trade and commerce and one

- 11% GDP: Growth Rate In Past 10 Years.

of the leading national and regional industrial hubs with over

- 2.4% Forecast For 2017-2020.

a third of the U.A.E.’s manufacturing capacity, Sharjah offers a

- 55,000: SMEs Have Been Established In Sharjah.

wide range of investment opportunities in transport &

- 3 free zones: 13,500 Companies, Investors From 157 Nations.

logistics, a fast-growing sector in the emirate. Sharjah’s

- 100% Exemption From Tax In Sharjah Free Zones.

strategic location and affordable labor costs make it ideal for land and sea transport.

Invest in Sharjah: As the investment promotion agency of Sharjah, we are dedicated to the continued transformation and

Environment: “Towards a green and sustainable economy”

economic diversification of the emirate and are committed to

The Government of Sharjah has placed the environment at the

guiding foreign investors to the tremendous opportunity and

heart of policy making. New environmental protection

potential that Sharjah offers. Leveraging our superior market

legislation is creating the need for environmental products

knowledge and intelligence, we provide bespoke advice and

and services, and with its zero-waste strategy and strong

guidance to investors to help individuals and organizations

carbon emissions regulation programmes, Sharjah is looking

alike to realize their investment in the emirate.

to attract local and international investments in this sector in line with the strategic direction of the emirate.

Website: www.investinsharjah.ae PAGE 027

www.romaboots.com

What inspired the Roma Boots focus on giving back?

SAMUEL BISTRIAN CEO OF ROMA BOOTS LLC.

The very reason ROMA exists is because we

INTERVIEW WITH WORLD BIZ MAGAZINE 2019 CEO OF THE YEAR AWARD WINNER.

Amor means Love. Love is all about giving!

want to make this world a better place by giving back and teaching others the art of giving. Roma is Amor spelled backwards and Growing up in extreme poverty in a small village in Romania with 11 siblings I didn't realize how poor we were. But even though we were poor, my parents instilled in us gratitude and compassion. I recall from a young age helping out widows and other neighbors that needed help. After the Communist regime collapsed and we were able to migrate to the United States in hopes of a better future, we knew that giving back was not only an option, but a moral obligation. Tell us about Roma Foundation? Roma Foundation is basically the non profit arm of Roma Boots. But RF has a greater plan and that is to help the children receiving boots also receive an education. Our aim is to "Give Poverty the Boot!". From the very beginning we knew that giving a man a fish will only feed him for the day, it's teaching him to fish will feed him for a

ROMA Boots merges fashion with philanthropy to give poverty the boot. It's mission is to bring impoverished children throughout the world hope, love, and lasting change through aid and education. For every pair of boots sold, a new pair is donated to a child in need. ROMA was founded in 2010 by Samuel Bistrian, who wanted to combine his love of fashion and philanthropy to help children in his home country of Romania. ROMA's ultimate goal is not only to provide aid, but to educate. By doing so it empowers impoverished children around the world to break out of the cycle of poverty and contribute their gifts and talents to society. ROMA Foundation invests in the lives of children and families by Giving Poverty the Boot! Samuel Bistrian operates Roma Boots out of Dallas, Texas, USA where he resides with his family.

lifetime. That is what we endeavour to do with Roma Foundation. We don't want to create a sense of entitlement or dependency, we want to empower these children, these communities. And the best way to do that is through education. You have given nearly $3 Million worth of boots to children in poverty. How does that make you feel? It makes me feel great, but there is so much more work that needs to be done and I know our best days are ahead of us. It also makes me feel incredibly grateful, honored and PAGE 028

blessed to know that I have the opportunity to make this kind

ground having had the opportunity to work for a large

of an impact in the lives of others. But I know that none of this

department store. It is there that I was able to meet the

would be possible alone. It's been a labor of love from the

founder of TOMS and seeing that he does not produce rain

start and I thank God daily for putting so many amazing

boots, I felt there was a vacuum in the market. Moreover, rain

people in my life that have helped me carry out this mission.

boots were becoming quite popular so I figured it was time to take my experience and try something more meaningful and

What is the impact of having rain boots for a child living in

start my own business.

deprived regions? The truth is that rain boots are the most practical footwear for

How important is fashion and innovation in your products?

children living in poverty, especially those living in rural

Extremely important. I have a fashion background and I know

villages and/or in developing countries. Not only are the

that if you offer a boring product or a mediocre product, there

durable, but they protect the feet from getting infected, cut or

is only so much you can do. However, if you can offer a great

cold. When we pull up in these villages, the kids often run up

product at a great price and make it fun and fashionable,

to us in broken flip flops, crocs or other canvas shoes.

there is so much more good you can do. In our case the more

Oftentimes no shoes at all, but it's rain boots they don't have

we can sell, the more we can donate. But if we had a product

and what they need. I was 6 years old when I received my first

with no fashion appeal our impact would be very limited.

pair of rain boots, a faded orange, that were handed down from older siblings and I still remember the smile on my face

How do you balance the time required for philanthropy

to know that I can go outside and enjoy the mud and slush

and operating a growing business?

without my feet getting wet. I wanted to recreate that same

It's a tough balance and it requires a lot of sacrifice. My heart

experience for children all around Romania and eventually the

only wants to focus on giving back, but in my mind I know we

world.

cannot give back if we don't have a great brand and a great business. In a perfect world I would like to dedicate 90% of my

Why were you drawn to the footwear industry?

time to Roma Foundation (the charity) and 10% of my time to

Because footwear is what I deemed one of the most urgent

Roma Boots (the business). But it is the business that fuels the

needs for kids to walk to school, doing chores outside the

foundation and that's what makes sustainable business

home or simply being out playing. I also have a retail back-

models like ROMA so appealing. PAGE 029

Samuel Bistrian - Roma Boots THE HIKE MAGAZINE

How can our readers best support the superb work of Roma Foundation? Spread the word about what we are doing, join us on a boot drop and/or buy a pair of boots for you or a loved one. Starting this year, we will also make it easier for people to donate to Roma Foundation. For many years we received so many requests for boots to be donated. Unfortunately we can only donate so much based one our 'buy one give one' model. However, in 2020 we will create an emergency fund disaster relief so that we can give boots even beyond what we match for each sale. What are you thoughts about opportunities for international investors in Romania? I think there are a lot of great opportunities right now. Romania is a beautiful country, with beautiful people and with incredible potential. It is a country that I adore and I want to do my share to help and give back to it. I love that the younger generation are hungry for freedom, for change, innovation and they have a strong desire to create a better future for themselves. You have visited 50 countries, speak 3 languages, you're an author, built a major business and foundation... where next? This year we will be celebrating 10 years of 'Giving Poverty the Boot!' I also have a book by the same name coming out and a documentary that I will be promoting on my life and work with ROMA. I also will be shifting much more of my focus from the brand to the foundation. About ROMA Foundation ROMA Foundation is a 501(c)(3) nonprofit based out of Dallas, TX. Our mission is to “give poverty the boot” by bringing children and families hope, love, and lasting change by donating a brand new pair of rain boots. We are comprised of a team of passionate philanthropists who are motivated by love and who love to give. With a penchant for education and a love for the arts, we have a keen desire to make a difference in the lives of children on a global scale. ROMA Foundation invests in the lives of children and families by Giving Poverty the Boot! By closely working with our partners, we have donated boots in 26 countries across 6 continents. Our goal is to serve those living in poverty and to create a culture of empowerment. Website: www.romafoundation.com PAGE 030

BRAZIL LEADING ON INNOVATION

www.apexbrasil.com.br

BRAZIL - A MARKET DEDICATED TO THE DEVELOPMENT OF THE LIFE SCIENCES A large and developed healthcare market

• Brazil has a very solid and well-established public health

Brazil is a perfect location for multinationals that wish to

program, which is responsible for 50% of healthcare sector

diversify their Life Sciences activities in a large developing

expenditures in the country. Part of the medical procedures

market where the healthcare sector is increasingly attractive

performed in this system are contracted by the private sector.

for medical equipment. In Brazil's favor are the enormous size of its potential market,

A comparison between the increase in Brazil's current

increasing expenditures in the healthcare sector, and an

population and the expenditures in the healthcare sector

increasingly aging population:

shows that, when expressed as a percentage of the country's

• 33% of the 201 million Brazilian population are still younger

GDP, these expenses are well above those of its Latin

than 20; however, life expectancy reached 74.6 years in 2012.

American counterparts, such as Mexico and Chile, and not far

Today, 20 million people older than 60 live in Brazil, similar

behind those of more developed countries like Canada.

to what is seen in developed markets like France and Germany. • The healthcare sector accounts for 9% of the GDP

Technology to drive future growth

and, according to the Brazilian Association for the Medical,

The Brazilian healthcare sector is not only enormous, it is also

Dental, Hospital and Laboratory Equipment Industry

growing at an accelerated pace. Brazil has overcome a

(ABIMO), Brazil spent over US$ 9.1 billion in medical

number of recent crises and its rapidly expanding middle

equipment in 2011, which is 50% more than in 2009.

class is demanding healthcare tech, services and attention. PAGE 032

Brazil - Life Sciences Consumers have increased their spending on private health insurance by 50% over the past five years due to increased purchasing power and higher employment rates. These factors have resulted in an impressive performance by the medical equipment sector and this prosperity is expected to continue for the next ten years: • Over the last five years, more than 27 million Brazilians have ascended to the middle class, increasing their spending on technology, vehicles and healthcare. • From 2001 to 2011, per-capita healthcare expenditures have gone up by 6% around the world, 10% in Latin America and almost 14% in Brazil. • From 2000 to 2010, Brazilian per-capita healthcare expenses have grown at a compound annual rate of 14%, reaching US$ 990. • According to ABIMO, the Brazilian market grew by more than 9% in 2010 and roughly 18% in 2011. The current medical equipment market is highly developed to meet current demand, with 90% of a hospital's technology and equipment needs being easily supplied domestically. A supply surplus has resulted in more than US$ 700 million in exports per year. Thus, the future growth of the Life Sciences sector will be driven by disruptive innovations and technology transfers that are currently not taking place in Brazil. In Brazil, over 68% of medical equipment suppliers are family-owned small and medium businesses. This presents an excellent opportunity to market new technology products or supply existing companies that are growing and investing in better technologies. The Brazilian environment is ripe for the introduction of more technologically advanced products and expenditures on such items are expected only to increase over the coming years. Government Incentives Favor Local Production and Development The Brazilian public healthcare program, Unified Healthcare System (Sistema Único de Saúde or SUS), cares for 80% of the Brazilian population and is responsible for 48% of the country's current healthcare expenditures. In 2011 alone, the SUS carried out more than 740 million exams, 2.4 million chemotherapy treatments and 4 million surgeries for Brazilian consumers. Even some procedures carried out in charitable hospitals and clinics were paid for by the public healthcare system. Considering the Brazilian government's strong involvement in the healthcare sector, the Life Sciences sector remains a national priority and an PAGE 033

"A strong dedication to furthering R&D in Life Sciences is indicative of potential for innovation and an enormous long-term investment opportunity in Brazil." important concern. With the aim of securing sustainable

developed around important public and private universities

supply and exports revenues, the government has developed

and research and development centers, such as CIETEC (São

a number of initiatives to promote foreign investments,

Paulo), BioRio (Rio de Janeiro), BioMinas (Minas Gerais) and

technology transfers and the continued development of the

FIPASE (Ribeirão Preto, SP). Developed laboratories, business

sector as a whole.

incubators, high-tech production units and ties with universities combine to create an attractive ecosystem for

Attractive fundraising and financing solutions have been

medical equipment investments in the South and Southeast.

created by BNDES (Brazilian Development Bank) and FINEP

However, state-owned laboratories, which can encourage

(Financing Agency for Studies and Projects) to drive foreign

foreign companies interested in entering the Brazilian market,

investment and technology development. The government is

can likewise be found in other regions around the country.

encouraging partnerships between the public and private

A strong dedication to furthering R&D in Life Sciences is

sectors for technology transfers and development through

indicative of potential for innovation and an enormous long-

various public laboratories around the country. These

term investment opportunity in Brazil.

"Production

Development

Partnerships"

will

facilitate

government registration and purchase of the technology

Better Investment Opportunities in Medical Equipment

required by the Brazilian public healthcare system when this

The Brazilian medical equipment sector currently produces a

technology

public

surplus of products in some sectors while suffering from

laboratories. The sector's standards and policies have been

considerable scarcity in others. Subsectors manufacturing

adjusted to align with internationally accepted regulations in

products such as orthodontics, incubators and medical

order to better facilitate technology transfers and promote

furniture, for example, successfully export to countries

international business transactions.

throughout the world and currently produce a surplus in the

• The Ministry of Health has established a number of programs

country. Nevertheless, the current overall negative trade

to expand the SUS in order to develop specific sectors, such as

balance in the healthcare sector is about US$ 1.5 billion and

radiation therapy, investing US$ 300 million in equipment,

certain trends shift demand to areas where present and

subsidies for workforce training, financing and materials.

forecasted production is unable to meet local demand:

• To strengthen its position, the Ministry of Health is currently

• The aging population, the increased purchasing power and

developing a centralized purchasing system in order to

the presence of isolated populations in the interior of the

leverage bulk purchases as a negotiation tool.

country are generating demand for more mobile systems,

• Products and medications on the SUS essential purchases

monitoring devices and home care equipment.

list receive priority for both patent requests and ANVISA

• Increases in purchasing power and the growth of the private

(National Health Surveillance Agency) registry.

healthcare

• The Ministry of Health regularly publishes a list of essential

technologies and high-tech equipment, such as PET scanners,

and priority medications, called RENAME (National List of

analyzers, optical instruments and X-ray machines

Essential Medications) and plans to expand it to include

• Other general needs and trends in the medical equipment

medical equipment so that manufacturers can be aware of the

sector include smaller products (miniaturization in general),

most important public sector demands ahead of time.

advanced software, increased automation, professional

developed

and

transferred

industry

will

generate

demand

for

new

radiology devices and certain consumer goods. Solid regional R&D and cluster development

• The Brazilian Ministry of Health intends to regularly publish a

Approximately 94% of Brazilian medical products and

list of priority medical equipment required by the public

equipment are manufactured in the Brazilian South and

health system, which will allow manufacturers to plan more

Southeast regions, which are also the country's main

strategically.This is already successfully done for medications.

manufacturing centers; new arrivals will benefit from existing supply chains. Furthermore, several industrial clusters have

For more information, please visit: www.apexbrasil.com.br PAGE 034

INDIA WHERE BUSINESS NEVER STOPS CONTACT US FOR MORE INFORMATION>>

+91-11-23048155 contact@investindia.org.in

WWW.INVESTINDIA.GOV.IN

www.miadonna.com

What is MiaDonna? MiaDonna pioneered the lab-grown diamond

ANNA-MIEKE ANDERSON CEO OF MIADONNA & CO

industry to offer consumers beautiful, ethical

INTERVIEW WITH WORLD BIZ MAGAZINE 2019 CEO OF THE YEAR AWARD WINNER.

truly

and affordable fine jewelry that helps free innocent children oppressed by the active conflict diamond mining industry. We make conflict-free

jewelry

using

100%

recycled metals and lab-grown diamonds and

gemstones,

which

are

optically,

physically and chemically identical to their earth-mined

equivalents. The

Greener

Diamond is MiaDonna’s foundation. Every MiaDonna

purchase

passionately

funds

projects to repair the lives and land negatively impacted by the mining industry. What sets you apart from others in your industry? I came into this industry as an activist. In 2005, I discovered I had most likely purchased a conflict diamond and to make things right in my own mind, I began sponsoring a 7-year-old-boy in Liberia, Africa named Ponpon. Through our letters, I got a first-hand look at the terror of growing up in a mining community. I knew there had to be a better way to offer beautiful fine jewelry that didn’t come at the expense of humanity and the earth. Consequently, I developed a foundation first company that puts equal Anna-Mieke Anderson is the Founder and active CEO of MiaDonna & Company and the Founder of The Greener Diamond Foundation. She is a dedicated, single mother of 2, an avid philanthropist and successful entrepreneur. When Anna-Mieke learned the truth behind the conflict origin of her earth-mined diamond in 2005, she committed herself to finding a conflict-free option for fine jewelry. Fueled by a mother’s passion for helping children, she has built a globally admired, ethical fine jewelry company that continues to push boundaries to create a socially responsible diamond trade. Not only did she grow a business, she pioneered an industry. Anna-Mieke has devoted her life to creating diamonds in a laboratory that are superior to earth-mined diamonds in every way, all while helping children caught in the middle of the unethical harvesting of mined diamonds.

importance on people, the planet and profits. Tell us about your work with the Greener Diamond Foundation. MiaDonna and The Greener Diamond work together as a social enterprise. We have created a grassroots system where the diamond consumer directly supports the diamond miner. We created the program but the real heroes are the people purchasing our products, which then allows us to fund our foundation. I make regular visits to PAGE 036

diamond mining communities in West Africa and take the time

Have you always been inclined towards ethical business?

to sit with the locals to truly understand how we can best

It all started when one child asked for help. I’ll never forget the

help. By developing our own educational, vocational and

day when Ponpon, the Liberian boy I was sponsoring, wrote to

agricultural projects, we empower people to live a life free of

me, “I had a great summer because only one of my classmates

mining or relying on aid, something the earth-mined diamond

was killed.” I knew I had to do something. As a mother myself,

industry should have done decades ago.

I couldn’t let these children continue to suffer because of our love affair with diamonds. The earliest business plan of

Your definition of conflict diamond extends beyond the

MiaDonna was simply to sell truly conflict-free fine jewelry so I

industry standard, please educate us on this?

could sponsor more children like Ponpon.

The legal definition of a conflict diamond set forth by the Kimberley Process is a: "rough diamond mined in an area

The jewelry industry is traditionally male-dominated in

controlled by insurgent forces and used to fund war." The

terms of leadership, is this changing?

main problem is that this definition is too narrow. This means

Yes it is changing, slowly. However, there is more work to be

someone could have been enslaved, tortured, raped, beaten,

done. It's not just about being a woman in a leadership role,

or killed to mine that diamond and it is marketed to the public

it's about being brave enough to lead with your feminine

as a conflict-FREE diamond because it didn’t directly fund

qualities. When I started in this industry, I figured I had to lead

war. This doesn’t even touch on the environmental

from a masculine point-of-view to succeed and fit in, but the

destruction. The MiaDonna definition of a conflict diamond is

day I was brave enough to find my own feminine voice in the

any diamond that is unsustainable, thereby having a negative

male-dominated industry was the day I truly started

impact on the environment, society, and/or economy.

succeeding. The most successful female leaders I admire lead PAGE 037

Anna-Mieke Anderson - MiaDonna & Co THE HIKE MAGAZINE

with compassion and empathy. It’s those natural talents that we have been told to suppress, that actually benefit us in business. What personal attributes have made you a successful entrepreneur? I think it’s a combination of traits, but looking back I feel one of the biggest contributors to my success is asking curious questions to the right people. I came into this industry knowing nothing about diamonds. I had no support from a spouse or family. I had no money and no formal education on the subject. But what I had was passion for helping other people and that drove me to dig deeper. I educated myself. I cold called people. I spoke to anyone that would talk to me, then always asked who else I could talk to. I made it work by turning the rejection and the “no’s” into opportunity and “why’s”. I still work with some of the contacts I made in those early days. We now laugh at how persistent I was. What innovations have you put in place to enhance the customer experience? Innovation is one of MiaDonna’s core values. When I started the company I knew I was going to do things the exact opposite of what was being done. We launched our first website in 2006, long before the Amazons of the world made e-commerce the norm. People said no one would buy fine-jewelry from a website, but we are more than just a website, we are a full service jeweler who brings the store to the consumer. With our Home Try-On Program consumers can order 4 sample styles to try-on in the comfort of their home. We also make the process easy with free resizing and free 30-day returns. I’m excited about our future plans to incorporate technology to make the shopping process even easier and offer more personalization options for shoppers. What are the benefits of running a CSR-centric business? Social Enterprise is a whole new way of thinking about business, and when successful, society reaps the benefits. When starting a social enterprise people often think you need to start a business and then add the philanthropic part, but I disagree; it’s the other way around. You need to identify a world issue that keeps you up at night, one that you’re passionate about solving. Then you can identify a product or service that aligns with that cause to be the funding source to right that wrong. The reason we’ve been successful with this model is because of our authenticity. We PAGE 038

simply present the facts about our products, mission and story. Some people will love the idea and cause, some won’t. It’s not about persuading people, it’s about finding people who align with your vision. How can readers support the work of MiaDonna and Greener Diamond? Consumers are the driving force behind the change we can make at The Greener Diamond. Their purchases have power. By choosing MiaDonna products made with recycled gold and lab-grown diamonds, they have stopped child labor, protected the environment and empowered sustainable change in diamond mining communities. Governments can help by putting policies in place to stop the importation of conflict natural materials. However, this is very hard to regulate and there will always be loopholes. So the responsibility falls on conscious consumers. We, as consumers, hold the greatest power to create change. The quality of businesses, industries, and products will be dictated by consumer trends. Every time we purchase a product we make a vote with our money. Website: www.miadonna.com PAGE 039

INVESTMENT OPPORTUNITIES IN AEROSPACE, AVIATION AND DEFENSE IN TEXAS Flying with Texas: If it were a nation, it would be the 10th

Major airport capacity: From Dallas Fort Worth (DFW) to San

largest economy in the world. The state ranks at the top of

Antonio

nearly every "best states to do business list," thanks to its

50 busiest airports in the nation (measured by passengers

unbeatable advantages to companies looking to expand.

boarded). Dallas and Houston have two airports each. Texas

International

(SAT),

Texas

has

six

the

also has two major international industrial airports, Port San 130,000 aerospace workers: The aerospace and aviation

Antonio at the former Kelly AFB and Fort Worth Alliance

industry directly employs over 130,000 Texas workers at

Airport. In sum, Texas has 26 commercial airports serving 22

1,300 establishments.

cities and a robust civil aviation culture.

$95,414: The average annual salary for select aerospace

Commercial space: In August 2014, the state offered $2.3

workers in Texas is $95,414.

million from the Texas Enterprise Fund, the nation’s largest deal-closing fund, to bring SpaceX’s commercial rocket

15 active military bases: Texas is home to 15 active military

launch facility to the Brownsville area. Contingent upon final

bases with more than 170,000 military personnel.

approvals and required permits, SpaceX’s new facility will create 300 jobs, pump $85 million in capital investment into

No problem, Houston: NASA’s Lyndon B. Johnson Space

the local economy, and serve as the nation’s first commercial

Center is the hub for the world’s operations in outer space.

rocket launch facility. Elsewhere in the state, one of the PAGE 040

Aerospace Texas THE HIKE MAGAZINE

world’s largest helicopter repair facilities resides in Corpus Christi, while the cities of Waco, Amarillo, El Paso, Wichita Falls, McAllen, and Harlingen all support manufacturing facilities for various Fortune 500 aerospace companies. Educated workforce: Texas State Technical College in Waco uses its own airport – the largest airport owned and operated by a public educational institution – to teach a full range of FAAapproved programs, ranging from Aviation Maintenance to Pilot Training. The University of Texas in Austin, UT Arlington, Texas A&M and Rice University all have full departments dedicated to Mechanical and Aerospace Engineering, graduating many informed, astute engineers each year. St. Philip's College in San Antonio is a leader in partnering with business, and has developed its programs with Lockheed Martin, Boeing, Chromalloy, ST Aerospace, Cessna Citation, M-7, Standard Aero, Gore Design, and the U.S. Air Force. St Philips’ FAA Airframe & Power Plant license, the Avionics Certificate and a nationally-recognized dual credit aerospace academy are taught by FAA-certified educators. Aerospace does business in Texas: Boeing, Lockheed Martin, L-3 and Bell Helicopter operate aerospace product manufacturing facilities; Southwest and American airlines maintain headquarters in the Dallas Fort Worth Metroplex, and 14 aerospace companies perform defense contracts in Texas. Texas Advantage: The first military flights took off in Texas, and the state continues to launch pioneering flights in America's global aviation leadership. EDT's Office of Aerospace, Aviation & Defense works closely with decision makers in the aerospace industry, other governmental agencies and academic institutions to coordinate business development efforts. Diverse activities: The broad range of aviation activities in Texas includes: aircraft and component manufacturing, advanced aerospace research, flight training, military aircraft development, space exploration and aircraft maintenance, repair and overhaul. Now boarding 64 million passengers: The home of Southwest and American Airlines, Texas has 26 commercial airports in 22 major cities, including the nation's 4th-largest (DFW) and six of America's top 50. Texas airports boarded more than 64 million passengers every year. PAGE 041

Epicenter of government aviation: With NASA's Johnson

UT Studies Earth from Orbit: The Department of Aerospace

Space Center and 15 active military bases, Texas plays a vital

Engineering at The University of Texas at Austin granted its

role in America's aerospace and defense initiatives. Texas is

first degree in 1927, and continues to prepare engineers.

home to more than 170,000 active duty personnel, reservists,

Currently, students and faculty investigate and improve their

National Guard personnel and Department of Defense (DoD)

home planet from orbit, mapping deforestation and

civilian workers, as well as thousands of men and women

migration, tracking weather patterns and analyzing earth

working in defense-related businesses. In fiscal year 2011,

sensing

DoD expenditures in Texas totaled more than $42.1 billion.

investigate current challenges in atmospheric flight, such as

and

imaging. Longhorn aerospace

engineers

autonomous aircraft, flexible structures, more efficient Leading commercial space exploration: With the Shuttle

propulsion with lower environmental impact and safer reentry

Program retired, the world is looking to commercial firms to

to the earth's atmosphere from space.

provide transportation to orbit and beyond. A few years back, SpaceX (Space Exploration Technologies) launched Dragon,

World Class Flight Engineering Research at A&M: In College

the first commercial vehicle to successfully attach to the

Station, the Department of Aerospace Engineering at Texas

International Space Station. SpaceX has developed and tested

A&M University provides cross-disciplinary programs with

its rocket technology in McGregor, Texas since 2003. In 2014,

expertise in materials and structures, aerodynamics and

former Gov. Rick Perry announced a $2.3 million offering from

propulsion and dynamics and control. Recognized as one of

the Texas Enterprise Fund (TEF) is to bring SpaceX's

the top public institutions in the nation, the department

commercial rocket launch facility to Cameron County.

features unique research and testing facilities and faculty who

Contingent upon final approval of local agreements and

are world renowned in their fields. The program advances

receipt of additional required permits, this facility will create

aerospace engineering education through basic and applied

300 jobs and pump $85 million in capital investment into the

research. Extensive research areas include combustion,

local economy. A few years ago XCOR relocated their

aeroelastics, hypersonics, diagnostics, autonomous stability,

headquarters and R&D facilities to the Midland International

Unmanned Air Vehicles (UAVs), robotic systems, spacecraft

Airport. XCOR develops and produces reusable launch

formation

vehicles, rocket engines and rocket propulsion systems. The

nanomaterials and structural health monitoring.

flying,

mechanics

composite

materials,

company has applied for FAA Spaceport approval. UT Arlington Develops New Ways to Fly: The Mechanical and CREATING THE FUTURE THROUGH EDUCATION

Aerospace Engineering (MAE) Department at The University of

From high school through graduate research programs, Texas

Texas at Arlington is conducting leading-edge research in

educational institutions are creating the future of aerospace.

transonic, supersonic and hypersonic aerodynamics and

Texas teaches aerospace technology in: 23 college and

detonation engines, alternative fuels and wind energy,

university-level aeronautical programs, 36 public high schools

wireless sensors, rotorcraft, Unmanned Air Vehicles (UAVs)

offering

Aviation

and thermo-mechanical characterization of very high

maintenance

temperature materials and advanced composites. MAE's

aeronautical

Administration

courses,

(FAA)-approved

technology schools

Federal

aviation

newest research area is in thermo-mechanical PAGE 042

Aerospace Texas

Next Generation Aerospace Materials at Rice: Rice University's Department of Mechanical Engineering and Materials Science conducts a wide range of research related to aerospace and aviation. Rice laboratories are developing next-generation, ultralight structural materials, as well as nanomaterial composites and "smart" assemblies of nanostructures that can be controllably manipulated. Other projects involve advanced aerodynamic simulations, the automated design of wind tunnel tests and the analysis of parachute recovery systems for next-generation spacecraft. Rice has a number of collaborative research programs with NASA's Johnson Space Center, and the university conducts K12 outreach with 28 high schools in Houston to encourage students to pursue aerospace interests and careers. TSTC's Learning Airport: Texas State Technical College (TSTC) is the single largest provider of aerospace programs in Texas. With the nation's largest airport owned and operated by a public educational institution, TSTC in Waco offers a full range of Federal Aviation Administration (FAA)-approved programs including Aviation Maintenance, Air Traffic Control, Avionics, Aircraft Dispatch and Aircraft Pilot Training. The curriculum is bolstered by FAA-certified staff and industry support. In addition to the Waco campus, TSTC also offers aerospace programs at its Harlingen and Abilene campuses. 5 Billion in Federal R&D Contracts: Lockheed Martin, Boeing, the UT System, McDonnell Douglas and Southwest Research Institute are actively fulfilling federal research contracts totaling more than $5 billion. Aerospace Workforce: According to the U.S. Census Bureau, Texas ranks in the top three nationally in aerospace and aviation manufacturing in terms of capital investments, employees, value added per employee and value of shipments. In addition to product manufacturing, Texas also has deep talent pools in air transportation, aircraft maintenance, airport operation and flight training. Aerospace and Aviation CompaniesÂ in Texas: Lockeed Martin, Bell Helicopters, L3, Boeing, SpaceX, Raytheon, ULA, Xcor Aerospace, AMR, Southwest, United, Jet Aviation, Express Jet, American Eurocopter, Rolls Royce, Sikursky, Triumph, BAE Systems, NASA, General Dynamics, Gulfstream and Elbit. PAGE 043

www.dssmith.com

Your thoughts on the current situation of the packaging industry in Germany and

PHILIP BAUTIL DS SMITH GERMANY, SWITZERLAND, BENELUX. "Our company purpose is to redefine packaging for a changing world."

Switzerland? In Germany and Switzerland, we operate in very competitive markets and this has resulted in an overall slowing of the the economy. However, we also see a rising demand for smart e-commerce packaging solutions and an ever increasing awareness on sustainability topics and therefore a rising demand for sustainable packaging solutions. As DS Smith we are very well positioned in both of these areas which offer a huge growth potential to the packaging industry.Â In our 22 plants in Germany and Switzerland we work very closely together with our customers and take their whole supply cycle into account to develop the best possible solutions. We proactively work on smart innovations to help our customers to succeed in their markets. How have customer expectations evolved over recent years? There is a strong focus on sustainable solutions. Corrugated packaging plays an important role and is seen very positive by consumers. Lots of shoppers are even willing to pay more for packaging which is more

Before joining DS Smith as European Manufacturing Engineer in 2000, Philip Bautil studied Engineering, Business Economics and Industrial Management in Leuven and proved his know-how in various companies. From 2000 to 2010, he worked in different roles in DS Smith's operations, focusing on best practice sharing and optimization projects. In 2011 he became General Manager for two Dutch Industrial plants and one year later Cluster Director for Industrial Business in Benelux. Since 2015, he has successfully managed the DS Smith Benelux region as Managing Director and since 2017 has also established a new business division within DS Smith. In 2018, he also assumed responsibility for the 22 DS Smith sites in Germany and Switzerland. The 50-year-old lives with his wife and two children in Bonheiden, Belgium.

sustainable.E-commerce is growing rapidly across different categories and shoppers expect more from packaging than just to protect the delivered goods. They expect packaging tailor made to the product, with no more material than necessary and no void fill. They also want an unbeatable unboxing experience when unpacking the goods. Their experiences when receiving the ordered goods are immediately shared on social media â€“ the good ones as well as the bad ones. If a pack does not perform, brand reputation is at a risk. Another consumer trend we see is towards individualisation. PAGE 044

People want to have the feeling that the product is tailor

onshore. A recent study we conducted together with

made for them. Quite a lot of brands already individualised

L`ObSoCo showed that a huge majority across Europe – nine

their primary packaging, e. g. the Coca-Cola campaign with

in ten respondents (91.5%) – said they would choose the

different names on the bottles. With the new possibilities that

packaging with 85% less plastic, when offered a choice

innovative digital pre-print offers, we are now able to do the

between two packaging options for the same quality of

same for the secondary packaging and for displays. It is now

product. When asked if they would pay a 12½% premium for

for example possible to produce one million boxes with a

this reduced-plastic packaging option, 62% of respondents

different print, so every single box is unique. We put this

said they were willing to do so. In Germany we invented the

machine into operation in our Fulda site in Germany in May

Bowl Concept - a product range with which we can replace up

2018.

to 85% of the plastic used, compared to a conventional plastic tray.Our report ‘Transforming the Supermarket Aisle’,

Where is your industry discovering new opportunities?

developed in conjunction with White Space, the leading

From my point of view e-commerce and Plastic Replacement

growth strategy consultancy, identifies plastic packaging,

are the two most important areas. Both offer our industry big

such as fresh produce punnets and shrink wrap, which

growth opportunities and as DS Smith we put a lot of effort

supermarkets can replace with alternative, renewable

into developing proactively and also together with our

materials. The five categories identified account for over 70

customers the most advanced solutions, which help to tackle

billion individual units of plastic (over 1.5 million tonnes) per

the challenges we are facing.

year and are highlighted as targets for reduction and replacement, for example with corrugated solutions. We made

The challenges that the industry is facing and how are you

also some game changing developments in this area, e. g. fruit

addressing them?

punnets out of corrugated board.

Packaging for online trade must master completely different challenges compared to packaging that goes into classic

Examples of DS Smith leads the way with innovation and

retail. For example, there are up to 50 touchpoints until the

intelligent solutions?

goods are delivered to the shopper in e-commerce. We have

Our company purpose is to redefine packaging for a changing

developed a new testing methodology which we call DISCS –

world. This implies that all of our solutions are tailor made for

this stands for Drop, Impact, Shake, Crush and Shock. It is

the respective Supply Cycle and product they are used for. We

unique in our industry and helps to make sure that the

have a very close collaboration with our customers and work

packaging is fit for all challenges e-commerce is giving.Our

together in our DS Smith Impact Centre and PackRight

innovative solutions ensure, that the product is not only well

Centre. One example for an innovative e-commerce-solution

protected during transport, they also optimize processes and

is e@Box. It is product and transport packaging all-in-one. For

protect the brand. We develop tailor made, right size

the brand manufacturer, this all-in-one solution means less

packaging solutions. One of these is Made2fit which exists as

material, time and cost expenditure combined with an extra

manual and automated version and adapts the pack size to

plus in product protection and shopping experience. The

the product in all three dimensions.In German media you see

German food blogger Sonja Meise used the box to launch a

daily reports on the topic of plastics polluting our oceans and

limited-edition surprise box with new confectionery products PAGE 045

DS Smith - Philip Bautil THE HIKE MAGAZINE

s as a special treat for her followers. The first batch was sold out within only 24 hours. The award-winning e@Box all-in-one solution performed very well and – thanks to its box-in-box system – turned the unpacking into an unforgettable experience, which has been shared by many of Sonjas Followers online. A true eye-catcher is the striking design of the inside box, whose graphic layouts were created in close cooperation between us and the food blogger. Various motifs were printed in one run with the revolutionary rotary digital pre-printing technology. An example for a more sustainable packaging solution it the Bowl Concept, developed by a creative team in Germany. With the innovative solution we can reduce the amount of plastic used by up to 85 % compared to a conventional plastic tray, e. g. used for minced meat. The solution consists of a corrugated cardboard tray with an inner foil and a lid foil. It can be printed all around – also on the inside. Since November it is available in retail. The importance of good leadership and how do you approach it? Good leadership is key as the war for talent is raging and people want to work for an inspiring leader. We need to create a vision for the future that appeals to our employees, which they want to subscribe to, in which they can develop themselves and to which they can contribute. Good communication and treating everybody with respect play a key role for me as well. And of course a leader should try hard to live up to what he expects from his team and be a role model. What are your ingredients for success as a Managing Director? One of our four strategic goals at DS Smith is to realise the potential of our people. I strongly believe in developing and empowering our people, as they are the most valuable asset we have and the main factor to drive our future success. In my opinion, it is also key to have a clear purpose and direction and make sure that all our employees are aware of this. At the same time, we have to talk and listen to our customers and work closely together with them on their challenges to make them more successful and us better. PAGE 046

How will your company continue to exceed customer

Is Brexit affecting your plans and if so your thoughts?

expectations in the future?

We believe the Government in UK is aware of how critical the

Our company purpose is to redefine packaging for a changing

Brexit process is to the success of the UK economy and like

world. We think differently, we innovate together with our

many other businesses, we are keen to see a rapid and

customers and other stakeholders and put sustainability at

positive resolution and the maintenance of frictionless trade

the heart of everything we do. Our business model is centered

with our European markets. Our Brexit plans cover several

on the circular economy and we just recently announced our

critical areas including: procurement, movement of goods,

partnership with the Ellen MacArthur Foundation. We are the

logistics, warehousing and customs processes to minimize

Foundation’s 11th Global Partner besides Intesa Sanpaolo,

business disruption that is likely in the event of a disorderly

Danone, Google, H&M, Blackrock, Phillips, Renault, Solvay, SC

Brexit. It is too early to predict the nature of the Brexit

Johnson and Unilever. This partnership will be extremely

agreement between the UK and European Union but we are

important for us in developing our products and services

taking every measure to ensure an uninterrupted service.

further to delight our customers.We also make sure to develop

Given the nature of our manufacturing model, supply chain

the right strategies by knowing the relevant trends and

and generally modest levels of imports/exports between the

insights. At DS Smith, we take the whole supply cycle of our

two markets, we are not anticipating material impacts on our

customers into account to develop sustainable display and

supply cycle in Germany/Switzerland.

packaging solutions out of corrugated cardboard, which deliver real value. We aim to be the leading supplier of

About DS Smith

innovative, sustainable display and packaging solutions.

DS Smith is a leading provider of corrugated worldwide, supported by recycling and papermaking operations.

"At DS Smith, we take the whole supply cycle of our customers into account to develop sustainable display and packaging solutions out of corrugated cardboard, which deliver real value. We aim to be the leading supplier of innovative, sustainable display and packaging solutions."

Headquartered in London and a member of the FTSE 100, DS Smith focuses on creating innovative sustainable packaging solutions in 37 countries employing around 31,000 people. Using the combined expertise of its divisions – including Packaging, Recycling, Paper – DS Smith works with customers to deliver solutions that reduce complexity and deliver results throughout the supply cycle. Its history can be traced back to the box-making businesses started in the 1940s by the Smith family. For more information: www.dssmith.com PAGE 047

30 YEARS AFTER BERLIN WALL, GERMAN EAST UP TO WESTERN ECONOMIC STANDARDS

As Germans celebrates the thirtieth anniversary of the opening of the Berlin Wall, the nation is taking stock of the economic development of that part of the country which used to be behind the Iron Curtain. Much has been made of economic inequalities between western and eastern Germany, but the data suggests that the two halves of Germany have reached comparability, if not parity. Government statistics put per-capita GDP in the east at 70 percent of that in the west (or 75 percent if all of Berlin is included). That compares with only 32 percent in 1991, the first

Three decades on from communism, the economy in Germany's post-Communist east is comparable to that in much of Western Europe.

year after German reunification. Meanwhile, unemployment in the east, which reached a peak of 18.7 percent in 2005, is now set to fall to a new low of 6.6 percent, according to 2019 prognoses. The average monthly gross wages in the east Germany region are now 83.5 percent of those in the west of the

GERMANY FDI

country. PAGE 048

Some regions in the east have been able to exploit traditional economic strengths, as Dresden and Leipzig have done with the automotive sector or Jena in Thuringia with the precision optics industry. The state of Saxony is a particular success story, transforming itself into a center for the manufacture of computer chips among other things, while the eastern half of the reunified capital Berlin has developed into one of the world's leading hubs for start-ups, IT and innovators in a host of areas.

European Commission statistics show per-capita GDP in

This revival has not failed to attract the notice of investors.

eastern Germany to be roughly what it is in much of France or

Germany Trade & Invest registered 843 major foreign direct

the United Kingdom. In terms of gross value added in

investment projects in the formerly communist east between

manufacturing, Eurostat figures from 2017 put Germany in the

2014 and 2018, and the companies involved include

middle of the European spectrum and ahead of the

heavyweights like Pfizer and Goodyear.

UK, France, Italy and Spain. "East German cities like Berlin, Dresden, Leipzig and Jena are "If you ask me the classic glass-half-full-or-half-empty

fantastic places to do business," says Jürgen Friedrich. "It

question, I'd say the glass in eastern Germany is two-thirds to

speaks volumes about the progress made in this region overall

three-quarters full," says Germany Trade & Invest CEO Jürgen

that the government feels able to phase out aid specifically

Friedrich. "And that's not bad at all. We need to remember

targeted at the formerly communist east this year."

that by the end of Communism in East Germany, 70 percent of all industrial machinery needed replacing, while less than 10

Monies previously earmarked only for the formerly communist

percent of households even had a telephone. Given the state

east will become available to any German regions, eastern or

of play in 1989, the Federal Republic of Germany has made

western, in need of special economic development aid as of

excellent

2020.

progress

toward

raising

the

east

to Germany's high levels of productivity and quality of life." GERMANY TRADE & INVEST Some regions in the east have been able to exploit traditional

Germany Trade & Invest (GTAI) is the economic development

economic strengths, as Dresden and Leipzig have done with

agency of the Federal Republic of Germany. GTAI supports

the automotive sector or Jena in Thuringia with the precision

German

optics industry. The state of Saxony is a particular success

promotes Germany as a business location and assists foreign

story, transforming itself into a center for the manufacture of

companies setting up in Germany. The German market was

computer chips among other things, while the eastern half of

never closer. And setting up business in Germany never easier.

the reunified capital Berlin has developed into one of the

German Trade & invest is a global agency that acts locally.

companies

setting

foreign

markets,

world's leading hubs for start-ups, IT and innovators in a host of areas.

Website: www.gtai.com PAGE 049

www.or-av.com

Tell us about Orange Aviation? Orange Aviation was established 33 years

AMIR EHRLICH - CEO OF ORANGE AVIATION LTD.

ago in Israel as a flight school and air taxi

A licensed operator and a broker, providing clients with tailor-made solutions for their private flight needs.

Ehrlich, a very experienced pilot and flight

provider in Israel when the business aviation industry was in its very beginning. The founder of the company was Capt. Zvi instructor. Over the years, Orange Aviation has grown to become both a licensed operator and a broker, providing our clients with tailor-made solutions for their private flight needs and air ambulance solutions. Although based in Israel, the company is known worldwide and serves clients from all over the world (mainly non Israeli clients). Why do your clients specifically choose Orange Aviation? Orange Aviation’s mission is to provide its clients with the best, most suitable solution for their private flight needs, whether it is a business flight or a medical evacuation. We consider our client’s best interests above all and as such, offer only reliable aircraft operators, we conduct a thorough market search and never take things for granted. Our experience as an operator allows us to examine the situation, offer solutions and

Orange Aviation is a Certified Flight Operator with a developed broad and comprehensive

worldwide

network

connections

and

representation

agreements built on trust and mutual respect. Our contacts allow us to provide you, our Corporate Jet and Private Aircraft clients, with the best organized and cost efficient private air charter flight solutions available today, for any number of passengers flying to more than 600 airports in Europe and more than 12,000 airports worldwide. Orange Aviation's 34 years of experience has given us the expertise to find and tailor the most suitable private plane solution for our clients. Whether you have long range plans or last minute rent jet requirements, our staff is at your service. Every detail is considered whether for Private Jet, Luxury Jet, Business Jet or medical flight needs. Planning the best and most cost effective route including stops, crew changes, and refueling is included in all our flight solutions.

think “outside the box” which sometimes even surprises other operators. Orange Aviation is well known all over the world as a reliable and honest company and sometimes we even find ourselves consulting for other brokers. Why does it make sense for clients who can, to fly private? There are many considerations for flying privately. The most basic reason (relevant for the richest clients) is simply being able to. Other reasons are the flexibility and convenience of private flight which comes to effect in schedule – one can simply fly when PAGE 050

ever one wants. A private flight can go between any 2 points

- 150 passengers flight (in 2 separate airliners) from Miami to

and does not need to consider commercial airline routes (no

the capital of Honduras and back for an international

need for connections). When on a business trip, one can

company’s headquarter.

simply fly to an airport closest to one's meeting location,

- Private flight from Brisbane, Australia to Port Moresby,

arrive just an hour before and leave to the next destination

Papua New Guinea and then to Napier, New Zealand for an

immediately once the meeting is over. This kind of flexibility

international company’s management.

can allow a business person to save a lot of time and be much

- Ambulance flight from Buenos Aires to New York for a

more time-effective. When considering an ambulance flight,

Japanese assistance company.

sometimes it is not possible for the patient to fly commercially

- And, thousands of other flights.

(not all airlines allow it / not all aircraft types can accept patients), especially when considering an ICU patient or a

What are some of the requirements for leadership in

need for immediate evacuation.

private aviation? As a private flight provider and even more, an ambulance

What is the international coverage of Orange Aviation and

flight provider, we are required to be available for our clients

its network of partners?

24/7/365. As we work worldwide, it is always “working time”

Orange Aviation provides its services worldwide. Based on our

for some of our clients and as such, we need to be always fully

long lasting experience and presence in the market, we have

available. To be able to provide our clients with the best

cooperation with colleague-companies all over the world. We

possible service we need to have a deep acquaintance with

have the knowledge, experience and contacts to provide

the world market and make sure our contacts and

services to our clients anywhere in the world; America,

cooperation are strong enough to allow us provide any

Europe, Far East and all that is between. Since its

needed service in a minimum time frame. Sometimes, in

establishment we’ve “touched” each country in the world at

pressing time-frames, our good reputation is all that our

least once and have the suitable partners to allow us to offer

providers need to execute a tens of thousands Euro deal,

services wherever needed. Some of the most special flights we

knowing they can trust us to make payment even after the

performed in the past include:

deal is finished. I know companies that rose and crumbled, I

- Ambulance flight from Sidney, Australia to Buenos Aires,

know companies that merged with others, I know people who

Argentina for an Argentinian insurance company.

shift places every year or two. Orange Aviation is one of the

- Around the world trip (Moscow – New York – Las Vegas – Bora

longest-lasting companies in the market, keeping a stable and

Bora – Fiji – Tokyo – Moscow) for a Russian client.

solid reputation which lets our clients and providers know

- Private flight from Dubai to South Sudan and back for an

they can trust us 100%. Thanks to our good relations and

American client, using a Pakistani aircraft.

cooperation we were able to “save” cases that otherwise

- Ambulance flight from East Timor to Portugal for a

would have cost our clients losing a business or (in ambulance

Portuguese assistance company.

cases) risk of life. PAGE 051

Amir Ehrlich - Orange Aviation THE HIKE MAGAZINE

How have the demands of private jet travellers changed over the years? There are 2 types of private jet travellers. Those who fly because they need to â€“ mainly business people who need the flexibility in timing and largest range of usable airports. And, those who fly private simply because they can (their wealth allows them to spoil themselves). In the past years we see some descent in the demand for private jets. This is of course influenced by the overall economic atmosphere. In my opinion, people are lowering their standards in what is what is considered luxury. What should clients look for when considering which operator to fly with? For todayâ€™s client I would suggest using the assistance of a good broker and not connect directly with an operator. This is the reason we, at Orange Aviation also offer brokerage services. The main advantage for the client is the possibility to enjoy more flexibility to suit their needs. A good and experienced broker with good understanding and acquaintance of the market will be able to offer more tailor-made solutions for each flight considering the region and route, flight length (aircraft range) and number of passengers. Orange Aviationâ€™s has all the above and a big plus which is being also an operator (gives us a better understanding of operational considerations). How is the private aviation industry changing? Despite few economic low tides, the private aviation market maintains a steady growth which is not expected to end in the coming years. The terminology is changing but in the bottom line, the need stays and keeps growing. The main reasons lay in the growth of passengers traveling on commercial flights. With the lowering costs of flight and increased popularity of traveling, those who can afford it, prefer to avoid the lower service level of the commercial airlines (compared to the private jets), the growing crowdiness of airports while enjoying the schedule flexibility and the ability to reach airports that commercial airlines do not offer / require several connections. The industry

making

adjustments

improve

its

attractiveness to the clients by developing more costeffective jets to better suit the demand. PAGE 052

What do you enjoy most about your work? My main pride is the steadiness of Orange Aviation. The private jet market is a difficult market and throughout the years we met a lot of companies (operators and brokers) that rose and fell. Orange Aviation maintains its market share and

"Orange Aviation is one of the longest-lasting companies in the market, keeping a stable and solid reputation which lets our clients and providers know they can trust us 100%."

level of service to its customers. Knowing that a client (or provider) can trust us to serve them in the best possible way and still, offer the most competitive prices is the reason we

What is Orange Aviation looking forward to in the future?

are one of the long lasting and stable companies one can find.

Ehrlich (my surname) in German means Honesty. This is the

Knowing that a client can call with an emergency and we’ll be

most important aspect of our business and will be preserved

able to provide them the needed service almost immediately

as our main focus. In the future we see ourselves as part of the

is the thing we are most proud of. These are the most

market’s growth while letting our client’s know that we make

satisfying cases we deal with. I can give an example of a client

no compromises in the level of service we provide. We

who called in an urgency at lunch time, saying he needed to

continue to study the industry, make new connections and

be in a different city in the evening. Unfortunately, his

rate our providers to make sure our clients will keep getting

commercial flight got cancelled and he approached us to help.

the best possible value for their money.

Within 2.5 hours they departed on a private jet we arranged for them (from Germany to Hungary).

Website: www.or-av.com PAGE 053

ENGIE - A PLAYER IN SUSTAINABLE MOBILITY AS A SERVICE. ENGIE provides cities, businesses and individuals with

By doing this, we are addressing two challenges often faced by

numerous integrated and innovative solutions to promote

our corporate and community customers: identifying and

and encourage different forms of sustainable mobility.

managing multiple areas of expertise as well as accessing funds

Contributing to the development of sustainable mobility lies

that are no longer available for their core businesses.

at the heart of ENGIE’s zero carbon strategy. To support businesses and communities and make possible the

Sustainable mobility as a service offers our customers a long-

transition to greener mobility solutions, the Group is

term strategy, the implementation of sustainable mobility

developing “as a service” offers.

solutions with a tailored, turnkey offer built on the aggregation of our businesses, and financing of the transition.

Mobility alone accounts for 20% of global energy consumption, 24% of global CO2 emissions, and a 95% dependency on oil.

These solutions meet 4 criteria:

Sustainable mobility is therefore a crucial link for a successful

> A long-term offer

zero carbon transition. ENGIE has developed sustainable

> Integrated and turnkey ENGIE solutions

mobility solutions ranging from the electrification of transit

> Commitments on reduced CO2 emissions

networks to refueling solutions for alternative fuels or

> A range of funding made possible on the basis of a partnership

improving and optimizing urban traffic flow thanks to digital

of a public service delegation agreement

technology. Since January 2019, ENGIE has offered a sustainable mobility as a service policy, providing support for

We are thus contributing to improving the quality of life in the

local authorities and businesses that are seeking to transform

regions by encouraging a mobility taking account of

their energy model.

environmental and societal issues and our customers’ investment capabilities.

Turnkey, tailored and co-financed sustainable mobility Our “as a service” strategy primarily sets out to make life easier

Hystart for developing hydrogen mobility at regional level:

for our customers: we are supporting them in their zero carbon

This turnkey hydrogen mobility offer is intended for local

transition by being the ones to contribute the necessary skills

authorities and commercial fleets, including rented vehicles

and expertise and providing the funding for solutions.

(bicycles, utility vehicles and saloon cars), the installation and PAGE 054

maintenance of charging stations, and the production of

EV-Box Rotterdam: fueling a city through charging stations.

hydrogen and the supply of energy.

As part of a contract covering the installation of 4,000 charging stations for electric vehicles throughout the concession zone,

Charge&move: simplifying the use of electric mobility to

including 1,800 in Rotterdam, ENGIE is responsible for

speed up its development.

installing, managing and operating the charging stations. Big

This is a long-term rental offer covering electric and hybrid

Data analysis will play a key part during the installation of the

vehicles, the installation and maintenance of charging stations

system to optimize the use of the recharging network.

and management of charging. Supply of green electricity is also

Key figures (March 2018) : 4,5 kg of CO2 emissions / 32,000,000

available. The offer was developed in partnership with Arval.

km of “clean” travel.

Santiago, Chile: 100% green transit.

Zero Emission Valley: a unique project at regional level.

We provide the city of Santiago, Chile, with an integrated offer

In May 2019, ENGIE invested in the project company

for public transit, which consists of the leasing of 100 electric

Hympulsion, which is responsible for the rollout of Zero

buses and the installation and maintenance of the charging

Emission Valley. This unique public-private partnership brings

stations supplied with 100% certified renewable electricity.

together the Auvergne-Rhône-Alpes regional council and the PAGE 055

THE HIKE MAGAZINE

ENGIE - Sustainable Mobility

Banque des Territoires, the Michelin Group, ENGIE and the Crédit Agricole. Zero Emission Valley is France's first renewable hydrogendriven mobility project for professional captive fleets. Through our Hystart offer, we are initiating the deployment of this network with the installation of the first production and refueling station in Clermont Ferrand for the Michelin Group. When complete, the network will consist of 1,000 vehicles and 20 charging stations. Transport for London: services for mobility. ENGIE is responsible for the planned and reactive maintenance of mechanical and electrical systems, fire detection and suppression systems across the London Underground network. Maintenance of fire safety systems will also be provided for other offices and facilities run by Transport for London (TfL). Service delivery by around 330 ENGIE employees will be supported by a 24/7 helpdesk, computer aided facilities management (CAFM) software and hand-held technology for operatives. The contract will also provide TfL with access to ENGIE’s energy management capabilities. The ability to self deliver the required services will be a key element in ENGIE delivering a successful contract. In helping TfL to improve performance and efficiency of London’s transport systems, ENGIE is helping to ease the use of public transport in a major city – a greener solution for mobility. Wakefield, UK: a roadmap of projects to achieve carbon neutrality. The city of Wakefield asked ENGIE to help it achieve its target of carbon neutrality by 2030. ENGIE will work with the council on designing a roadmap of projects that will make carbon neutrality a realistic goal within the stated timescale. ENGIE will first of all carry out a complete analysis of the city’s current carbon footprint. This data will then be used to identify specific opportunities for decreasing emissions. These projects will have the additional benefit of reducing the council’s annual expenditure on energy. ENGIE has already completed or is currently delivering 35 energy and carbon saving projects with Wakefield Council. These projects will lead to annual savings of almost 3.5 million kWh of energy, equating to over 900 tonnes of CO2 and resulting in annual financial savings of around £300,000. ENGIE is committed to responsible growth of its businesses (power, gas and energy services) to succeed in the central challenges of delivering an energy transition to a low-carbon economy: providing access to sustainably generated energy, combating climate change, reducing its effect and making responsible use of natural resources. Website: www.engie.com PAGE 056

FAST TRACK YOUR IDEAS

ISRAEL A UNIQUE INNOVATION ECOSYSTEM Among the 5 best startup ecosystems worldwide The 2nd most innovative nation in the world The worldâ€™s 2nd highest R&D expenditure, over 4% GDP 350 global tech leaders launched innovation centers in Israel Developed over 150 programs for startups & over 90 VC funds Over 1,000 exits between 2006-15, with $60 billion in capital

THE SOLUTION IS OPEN INNOVATION THE DESTINATION IS INNOVATE ISRAEL WWW.INNOVATE-ISRAEL.COM

www.quickcreditghana.com

Tell us about your background and what first

attracted

you

finance

and

RICHARD NII ARMAH QUAYE CEO - QUICK CREDIT GHANA

investing?

INTERVIEW WITH WORLD BIZ MAGAZINE 2019 CEO OF THE YEAR AWARD WINNER.

entrepreneurship when I come down to

I am a trained ACCA Accountant. On what attracted me to Finance; was the fact that an old

lecturer

advised

take

Ghana after my course in the UK. My neighbors

were

approaching

unofficially lend them money. I saw this as an opportunity and registered a business to officially start lending money to those interested. This led to the establishment of my

first

company

QUICK

CREDIT.On

Investment, having gone through several challenges in the quest to accessing funds to start off my business, I wanted to help young people with similar business dreams that would not have to go through the hustle just to acquire funds for businesses and projects that will in the long term help the Ghanaian economy. What is your mission ultimately; what drives you to do your line of work? My mission is to change the Ghanaian entrepreneurship

narrative.

Supporting

young entrepreneurs by empowering them through talent funding to improve the Quick Credit & Investment Micro-Credit Limited is an innovative Financial Services Company with an experienced Management Team, highly energized workforce and superior service culture. Over the last decade, Quick Credit has lived its mission of helping people grow their businesses. Quick Angels Ghana invests in both potential and existing Ghanaian entrepreneurs by leveraging it's rich experience, strong business networking and expertise to provide strong financial returns (ROI) to entrepreneurs. Richard Nii Armah Quaye is an experienced entrepreneur with over a decade experience. His business Quick Credit currently employs over 400 Ghanaians and directly gives loans to over 30,000 Ghanaians without collateral or guarantor.

economy and create the all important jobs needed in the country. Passion drives me, and the love for humanity and country. Quick Credit is phenomenally successful with over 30,000 clients. Tell us about its journey to this point? Quick Credit started with 2 staff and 1 branch. Having worked within the microcredit space, we wanted to be different by serving Ghanaians even better. Our loans therefore were devoid of guarantors and collateral which made it easier for the small and medium businesses that could not save PAGE 058

or invest before accessing loans. This increased our subscriber

ingredients

base. Our clientele base keep increasing to date.

continuous effort to provide an enabling environment for

required

for

success;

the

Government's

businesses to thrive will continue to bring success. Quick Credit has 25 offices and Quick Angels works with many startups - how do you control these spinning parts?

What do startups in Ghana and Africa need from their

Respect and love for my staff. Once you acknowledge and

Governments in order to compete more strongly globally?

respect your staffs and manage them with love, you naturally

I believe that the following are important actions that

win and inspire them.This helps them to manage the business

Governments anywhere can implement to support startups to

even better.

grow and enrich the economy: - An enabling environment for start ups.

What business advantages do you in Africa that you would

- Subsidies from the governments.

perhaps not have in other regions like Europe or the USA?

- Adequate tax exemptions for startup businesses.

In Europe and US the competition and the standard is very

- Leading role in acquiring new technologies to support

high compared to the developing continent like Africa. Hence,

startup companies to become efficient and competitive.

with little capital and a little effort one can make a significant

- Public private partnerships.

impact on society in a way that will not be possible in

- Favorable policies to promote export and lead the way to

developed economies.

open up other international market to local entrepreneurs.

Beyond the capital, what other ways do you add value to

Are you interested to collaborate with fellow business

companies you invest in?

leaders across the globe?

Because our focus is to finance startups and businesses at

Yes. I have always been interested in collaborations. Our

their early stage, most of the entrepreneurs are young and

continent is the next emerging market. I will therefore

inexperienced. Hence we have put together a team of experts

welcome the opportunity to team up. I believe coming

in diverse fields to help them navigate their path successfully.

together is success and when we team up we win big together.

Our experience, networking and expertise is always at their disposal.

You recently won the Ghana 40 under 40 Award, and our 2019 CEO of the Year Award. What do these mean to you?

Ghana is a vibrant and dynamic economy, what factors are

It feels great to be recognized for your hard work and the

behind its exemplary success?

impact it comes with. It inspires and gives me the urge to

The stability of Ghana’s economy and democracy for almost 2

continue to contribute my quota for a greater good. And with

decades is a major contributory factor to the current state of

this I owe it all to my employees who continuously exhibit

the economy. The younger generations have also become

their relentless effort towards the growth of my business.

more enlightened and have begun demanding for a better economy and performance from their leaders. As regard the

www.quickcreditghana.com | www.quickangelsghana.com PAGE 059

WHY BELIZE IS A SMART CHOICE FOR CUSTOMIZED OUTSOURCING SOLUTIONS

Companies with extensive billing, care, and service or sales agents understand the vital role the contact center plays in their business. Through it, organizations are able to expand, build customer loyalty and protect the brand. Choosing the right outsourcing partner can translate to cost reduction, reduced turnover and higher returns. While there are many options available to meet outsourcing needs, no location does so as effectively as Belize. Belize is the only native English-speaking country in Central

Frost & Sullivan's white paper highlights the benefits of launching a delivery center in Belize with bilingual capabilities at nearshore prices

America. Given the country's rich history, Belize offers an optimal combination of economic, cultural and educational factors for customer service and business process outsourcing (BPO) companies. The country's labor market now supports over 4,000 in-demand contact center jobs with the ability to

FDI

scale in its fast-growth BPO sector. PAGE 060

THE HIKE MAGAZINE

Belize - BPO

Frost & Sullivan's white paper, Smaller By Design: Belize as a Premier Outsourcing Destination, highlights the many advantages of outsourcing customer

management

solutions

from

this

little-

known Caribbean nation and how the largest service provider in Belize, Transparent BPO (TBPO), is making significant strides to transform the trifecta of people, process and technology into a competitive advantage for its clients. "Affordability, competitive prices and high quality are essential elements in TBPO's ability to deliver superior service with industry-low attrition rates," noted Michael DeSalles, Principal Analyst at Frost & Sullivan. "While this tenured leadership has assisted with strong processes and best practices, Transparent BPO is also investing heavily in developing in-country leadership for its current and future growth." "Our goal at Transparent BPO is to design flexible, customizable, brandboosting nearshore contact center, call center, and business process outsourcing (BPO) solutions for mid-size and enterprise companies," noted Jason Sterns, Vice President at TBPO. "Our value proposition is to create the right mix of value and quality to fit today's demanding business needs." TBPO provides excellent customer service with industry-low attrition rates by leveraging Belize's key advantages: - Price/value ratio and cost advantage compared to the Philippines, political stability and stable foreign exchange rates. - Two main fiber optic hubs—ARCOS and TELMEX—and a third under construction with high redundancy rates nationally. - Sophisticated, reliable MPLS network infrastructures with expansion capability. - Call center career attractiveness in-country due to agent education levels and customer service skill sets. - Native English and Spanish speakers.Time zone advantages. Download the white paper, visit: www.go.frost.com/outsourcing. About Frost & Sullivan For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Website: www.frost.com PAGE 061

www.metasysteme-coaching.eu

the most effective way. Working with and for them, we have very gradually built our

ALAIN CARDON - CEO OF METASYSTEME S.A.S.

reputation for over 40 years. Granted,

A licensed operator and a broker, providing clients with tailor-made solutions for their private flight needs.

four" or business school type of background,

however, we may not have paid much attention to the consulting and coaching establishment. We don't come from any "big and have never scanned mainstream models for inspiration. Over the years, we just pragmatically trained and learned in the field, with our customers and clients. You have built Metasysteme S.A.S into an international player in its field. Share with us an overview of your career. We started as a relatively classical French management

and

human

development

training company in 1978. In the 80s, we discovered systems thinking and veered towards team consulting, mostly working within intact teams, always including their managers and direct reports. True to systems thinking, we focused much less on individual behaviors and personalities and much more on active team processes and system cultural patterns. For us, helping teams change their collectively shared, often unconscious processes became the most Alain CardonÂ is an world-renowned leadership and organisational coach whose unique methods and approach has assisted enterprises in nearly 40 countries to transform their performance and results.Â His system is unique, his methods are unorthodox but his results can't be argued with. We interview him to learn more about Metasysteme and its work. Your coaching methods are unique... are you a rebel coach? We're not really rebellious. We're just different.Â From the beginning of my career and now with the Metasysteme network, we have not been against any established order. On the contrary, most of our corporate clients are active and very successful members of the corporate establishment.As a network and to accompany these clients, we have always simply followed our own individual intuitions, shared convictions and common vision.All this time, we were very pragmatically focused on helping our clients achieve their measurable results in

performing approach to help them achieve the collective results they desired. So in the field and with our clients, we gradually and pragmatically developed and distilled a systemic approach that today inherits much more from biological models: how do flocks of birds, hives, swarms, schools of fish or anthills operate? What can we learn from these to change how teams operate daily? Within ten years we had developed our systemic consulting skills and reputation for achieving tangible results to the point of attracting international, corporate executive client teams. Our marketing was and is done PAGE 062

"Today, a single Metasysteme-trained systemic coach can accompany a formal system of up to 90 participants in a large ballroom setting, all intensely working on their company's goal, three days in a row. Simultaneously working with such a mass can directly affect the whole next organizational level within the following two months - up to 800 people."

mostly online and by word-of-mouth, at no coast. We wanted

connections and friendships, and is held together by a

to be good enough to do without heavy marketing or sales.

systemic vision and authentic and generous sharing of

Under-promise and over-deliver. So we have always focused

whatever each can develop and contribute. In order to inspire

on relatively few client companies at a time, and

the larger coaching community, we all freely and openly

accompanied them in depth and on the long term in their

communicate on all that we do through online articles, books

cultural development to achieve breakthrough results.

and videos. We all also mentor trained coaches who display

Beyond the above-mentioned biological inspiration that has

the potential to become great systemic coaches.

helped us our develop viral models of organizational change, we are today looking at how quantum theory can help take us

Tell us about Systemic Coaching, what is it? Â

and our clients to our next level.

For us, Systemic Coaching is first a way of being and perceiving, then a way of relating or interacting.Â It is not

Why did you want to become a Coach?

about standardized theory and models or tools. For example

We didn't plan to become coaches... By the year 2000 and for

in any team meeting, an attending systemic coach can first

those who had experimented our approach, the market

decipher key elements of a collective team or corporate

considered us to be a very performing, original team coaching

pattern in almost any phrase, and then with a strategic

and organizational development provider. Indeed by then, our

purpose in mind, can immediately respond in a way to disrupt

approach had much in common with basic coaching

or redirect that pattern. Of course, to immediately know how

philosophy and processes. We subsequently adhered to the

to instinctively react, the systemic team coach's spontaneous

International Coach Federation and formally positioned

response is based on years of practice and supervision.

ourselves within this frame of reference. In a way, we were referred to as team coaches before we formally knew what it

What are the benefits, and what typical pain-points does

was, or what it was going to be. For the record and at the time,

your Coaching work eliminate?

prominent coaches had the gall to publicly declare that team

Today, a single Metasysteme-trained systemic coach can

coaching didn't exist. Maybe not in mainstream coaching.

accompany a formal system of up to 90 participants in a large

Over this time, Metasysteme also has changed. It is today

ballroom setting, all intensely working on their company's

much less of a company, more of a really open or loose

goal, three days in a row. Simultaneously working with such a

network or community. Its members share a common

mass can directly affect the whole next organizational level

systemic-coach training foundation, common local and

within the following two months - up to 800 people. While the

international experiences in the field, regular although

90 key players simultaneously work within their teams or

haphazard

members.

networks on their sub-system issues, the coach can

Metasysteme actually doesn't really exist as a formal system

communication

between

its

appropriately disrupt or redirect processes to help elements

but as a community of practice and school of thought.

of the concerned system achieve breakthrough results in

Mostly, our network of independent coaches rests on deep

record time. In such systemic coaching work, the objective is PAGE 063

Alain Cardon - Metasysteme S.A.S THE HIKE MAGAZINE

not so much to treat system symptoms such as slow decision making, poor time management, to better delegation or empowerment, reduce turnover, increase commitment, etc; but more to create the performing conditions that will help simultaneously eliminate all such symptoms in record time. It is an all-inclusive

package!

Consequently,

help

organizations

transform their cultures in such a viral way that new success patterns very effectively, almost simultaneously, eradicate perceived dysfunctional interactions and symptoms. Your Organisational Coaching involves working with 60- 80 key individuals within a company. Why is this scale important?Although we accompany formal corporate changes or re-configurations such as mergers and acquisitions, our systemic coaching work is not based on changing anything in the formal organizational structure. We know that replacing individuals and restructuring teams doesn't do much to effectively modify culture or unconscious collective processes. Profound sustainable change is made possible by helping a system change the underlying cultural patterns that too often survive all formal, cosmetic structural changes. This is one of the reasons why we will privilege large-group coaching architectures, simultaneously working with the top 20 to 90 key players. We immediately and simultaneously address the underlying processes in large systems much more rapidly than through time-consuming individual coaching or team-by-team coaching approaches. Your Organisational CoachingÂ is bottom-up, with a direct coaching style. Why is this approach necessary?As we see it, Systemic Coaching disrupts habits to achieve more, better and quicker. To disrupt comes from the same linguistic root as to interrupt or as rupture. It is impossible for a system to change if it is not willing to consider replacing ineffective patterns with updated innovative processes.Â And of course, when breakthrough processes are introduced to a large system in a rapid, very effective, and motivating way, they will be much more sustainable than if they are imposed in a classical top-down, centralized, rolled-out, or forceful approach as is often the case today. So if the Metasysteme systemic coaching approach immediately accompanies a substantial mass of key players, it is to make sure that everyone is on board and can participate in the change they say they want. When they measure their almost immediate results, their motivation is difficult to stop!Â We do often PAGE 064

come up with resistance from executive teams, for such a

We firmly believe that if we are truly systemic in the way we

process often by-passes their relatively conservative, top-

deploy our skills, we can coach for positive disruption within

down or controlling strategies. This bottom-up strategy is ten

any willing type of cultural system. So we travel extensively.

times more effective when helping an organization really achieve the changes its executives say they want to see. We

Your system has been described as a continental European

actually help transform lip-service into measurable reality. We

approach, why is this the case?

sometimes actually warn our clients to watch out for what

Europe is our home base. Most Metasysteme coaches have

they wish, for they may just get it!

trained and have their base here. Gradually, however, we are spreading out, again by word-of-mouth, in a slow viral way to

You train an international network of Coaches, write books

serve a much larger radius. On the one hand, this may be the

and deliver conferences, have you time for new clients?

sign that we are doing something right, and on the other, that

Delivering conferences is our last priority. Building a solid

we be ready to start testing and questioning the pertinence

international network of systemic coaches is the best way for

and limits of our home-grown model when we meet really

us to leverage the skills we have developed in order to have

different cultural settings.

the social and economic impact we wish to have. This has been more central in our past strategy. Spreading the word by

Tell us about avenues for self-coaching that Metasysteme

making all our experience available online and through books

offers?

is an easy way to reach a much larger population of

We are developing online tools. An existing one, always work

professionals and to develop the market for our network. Our

in progress much like everything else we do, is the individual

core business and central focus of research, however, is

and team self-coaching Journey. Sometime soon a second

developing human-system cultures and processes to become

online resource will be the our Fundamentals of systemic

healthier, more performing and sustainable. When we choose

coaching course. A first segment should be made accessible in

with whom we work, the first and most important criteria is

2020. A word of caution, however, neither of these will satisfy

that organization's and CEO's true commitment to achieve

expectations if one is searching for easy quick-fixes. These are

pertinent or sustainable, measurable change. If that

designed as challenging disruptive proposals.

commitment is wanting, spending time and money to accompany fashionable cosmetic lip-service operations does

You have written many books and articles, what would you

not serve our purpose, nor, on the longer term, our clients.

recommend as a starting point? Masterful Systemic Coaching and Systemic Team and

Your client list covers almost the entire globe - how does

Organizational Coaching, both on KINDLE

this international experience influence your work? We have always been international. More European at heart, but open to all other enriching cross-cultural experiences.

Website: www.metasysteme-coaching.eu PAGE 065

EYE OF THE TIGER - WHY TAMIL NADU IS LEADING INDIA'S ECONOMIC GROWTH - 2nd largest economy in India

Tamil Nadu, located on the south-eastern coast of India, is a

- Bigger economy than Vietnam, Belgium, Sweden, Norway

well-known and diversified industrial state of India. The state,

- 1st in terms of industrial performance in India

a significant contributor to the Indian economy, has

- 1st in number of factories in India

witnessed spectacular economic growth for decades. It has

- 1st in number of persons employed in India

become the second largest economic powerhouse in India

- 1st in number of special economic zones in India

and has become one of the most sought-after investment

- 2nd in India in terms of educational attainment

destinations due to its strategic location, conducive business

- 2nd in healthcare in India

environment,

- 2nd longest coastline in India

governance and favourable ecosystem.

state-of-the-art

infrastructure,

proactive

- 4th in FDI inflows into India / 4th in India in exports - 4 International & 2 Domestic Airports

AEROSPACE & DEFENCE

- 4 large and 22 minor sea ports

Home to India’s First Defence Corridor; expected to benefit

- 9th Globally in production of Renewable energy

sub-sectors such as Engineering, Heavy Engineering,

- India’s most urbanized State by geography and population

Aerospace & Defence, and Aviation SectorAerospace Park in

- 3rd largest Software exporter in India

Sriperumbudur

- Largest exporter of Leather products

Computing and Design Engineering Centre (ACDEC) is being

- Accounts for 1/3rd of India’s Automobiles and parts exports

set up to form a strong base for supporting large OEMs.

(Vallam-Vadagal)

with

Advanced

PAGE 066

Tamil Nadu is in the forefront amongst all states in implementing the latest information technology initiatives and e-governance programs by using highly talented, tech savvy and skilled human resources available in the State.

> More than 120 aerospace manufacturing companies have

CHEMICALS & PETROCHEMICALS

their presence in the State.

The State ranks 3rd in India’s Total Chemical Output,

> More than 700 suppliers to various defence PSUs are

accounting for ~6% of National Production.

operating in Tamil Nadu.

> The State has 2588 Chemical Manufacturing Factories.

> More than 5000 aerospace engineers graduate every year

> Established Polymer Industry Ecosystem Home to over 8000

from Tamil Nadu.

small and medium enterprises.

> Technicians and engineers from Tamil Nadu are employed in

> A Polymer Industries Park is being established by Tamil Nadu

large numbers in aerospace companies in India and also

Industrial Development Corporation.

across the globe.

> The State has the prominent Plastics/Polymer Research Institutions (CIPET – Institute of Plastic technology, School for

AGRO AND FOOD PROCESSING

Advanced research in Polymers).

Tamil Nadu has well established agriculture educational universities and research institutions across the state (Tamil

ELECTRONICS & HARDWARE

Nadu Agricultural University)The State has four Agri Export

Tamil Nadu ranks 2nd in India in Computer, Electronics and

Zones and has plans to set up one Ultra Mega and nine Mega

Optical Products manufacturing, accounting for 16% of

Food Parks. In India, Tamil Nadu is the 2nd largest producer of

National Production. Computers & Peripheral Equipment

Poultry & Dairy, 2nd largest producer of Coconut, 3rd largest

accounted for 62% of the Total Electronics Output in Tamil

producer of Tea & Coffee, 7th largest producer of Fruits.

Nadu. The state ranks 3rd in India in terms of Electronic

> Tamil Nadu contributes 7% to India’s food processing.

Exports. Tamil Nadu offers a huge market for downstream

> Tamil Nadu is the state with the highest egg production.

industries such as Automotive, Mobile phones, Computer

> India's leading producer of spices and cashew nuts.

Hardware, Industrial and Strategic Electronics etc.

> Leading producer of Papaya, Sapota & Pomegranate. > 2nd Indian state in Banana cultivation.

HEAVY ENGINEERING Tamil Nadu ranks 3rd in India in production of General Purpose

AUTOMOBILE AND AUTO COMPONENTS

and Special Purpose Machinery, accounting for ~7% of the total

With a well-developed Auto Ecosystem, Tamil Nadu is one of

production. Ranks 2nd in India in Heavy Engineering Exports.

the top 10 Automobile Hubs in the world. The State

Heavy Engineering exports from Tamil Nadu grew at a CAGR of

contributes 21% to India’s Automobile Exports and accounts

8% between 2013-14 and 2017-18 and stood at USD 2.49 billion

for 35% of India’s Auto Component Production.

in 2017-18.

> Tamil Nadu is a top 10 automobile hub in the world.

> A Heavy Engineering Industrial Park spread across an area of

> 45% of India's motor vehicle / car exports.

700 acres is situated in Ponneri Taluka of Tiruvallur district.

> 35% of India’s auto component production.

> Presence of top heavy engineering companies in and around

> Largest tyre manufacturer in the country

Chennai like Doosan, Komatsu, Kobelco, Gamesa, etc.

> Chennai City is the Automobile Capital of India.

> 3 SEZs supporting the growth of Heavy Engineering sector.

> Chennai has an annual capacity of 1.71 million car units. > Kamarajar Port , has dedicated berths for auto exports.

IT & ITES

> Mahindra Research Valley – Asia’s largest Auto R&D centre.

Tamil Nadu is in the forefront amongst all states in

> Chennai has capacity to produce three cars every minute.

implementing the latest information technology initiatives and

> Chennai has capacity to produce one truck every 2 minutes.

e-governance programs by using highly talented, tech savvy

>Chennai capacity to produce one motorbike every 6 seconds.

and skilled human resources available in the State. Tamil Nadu PAGE 067

THE HIKE MAGAZINE

Tamil Nadu - Eye of the Tiger

is home to worldâ€™s leading IT/ITeS organizations like TCS, Infosys, CTS, IBM, Accenture, World Bank, Amazon etc. > Investments worth USD 6.15 billion were made in 2018. > The sector provides direct employment to nearly 400,000 people & indirect employment to 750,000 people. > The state has 22 approved IT parks and 246 IT Parks in pipeline with a built-up space of 146 million sq. ft. > 37% of the total engineering graduates in the State are from Computer Science/ IT/ Electronics/ Communication fields. > The state is amongst the few states in India to have an integrated IT infrastructure consisting of State Data Centre, Statewide Area Network, Cloud Computing Infrastructure and Disaster Data Recovery Centre. > The State possesses world class IT Communication Infrastructure - 3 Submarine Cables of 14.8 TBps that connect Chennai to the world. PHARMACEUTICALS & BIOTECHNOLOGY Tamil Nadu is the 5th largest Pharmaceutical Manufacturing State in the Country. The State accounts for over 10% of National Pharma Production. Tamil Nadu is the most active state in ensuring free supply of medicines in government clinics and hospitals. > Pharmaceuticals exports from Tamil Nadu stood at USD 422.53 million in 2017-18. > A Medi Park project is being established by HLL Lifecare Ltd, a Government of India Enterprise and TIDCO. > Research and Development Centers are established by world class companies such as: Pfizer, Dow Chemicals, Orchid Chemicals and Pharmaceuticals, Chemech Laboratories, Shasun Chemicals, and Apex Laboratories. > Tamil Nadu has Indiaâ€™s largest Agricultural University with 36 Agro Technology Research Stations Supporting in Biotech. > TICEL Bio Park in Chennai provides world class Laboratory Infrastructure and services for Biotech R&D. RENEWABLE ENERGY Tamil Nadu ranks 9th globally in terms of Renewable Power Output. Tamil Nadu is the leader in Renewable Energy Sector among all other Indian states with a Total Installed Capacity of 11,113 MW. Tamil Nadu has an Installed Capacity of 8,152 MW of Wind Power. > The State has harnessed around 13,000 million units of Wind Energy during the year 2017-18. > The State harnessed 2,905 million units of Solar Energy in 2018. >Due to extensive use of Renewable Energy, the state has reduced about 5,406 million tonnes of Carbon Emission (by reducing Hard Coal). PAGE 068

Tamil Nadu is positioned to continue leading the way in India's successful economic growth. Across all sectors and industries the State offers opportunities for investments and partnering with innovative companies with comprehensive support offered by the stage government.

SKILL DEVELOPMENT

Tamil Nadu is called the Yarn Bowl of India since it produces

The Tamil Nadu Skill Development Corporation (TNSDC) has

40% of Total Yarn in India.

identified many Central/ State Government Institutions and

> Tamil Nadu contributes to 1/3rd of the Textile Business in

Agencies along with Industrial Houses for imparting Short Term

India making it the Textile Valley of India.

Skill Development Training Programmes. TNSDC has trained

> Tamil Nadu is called the Yarn Bowl of India since it produces

227,106 youth in the last 5 years.

40% of the total yarn in India.

> TNSDC trained more than 105,000 candidates in 2018.

> Tamil Nadu ranks: 1st in production of Cotton Yarn, 1st in

> There are 88 Government ITIs in the state.

export of Cotton Yarn, 2nd in production of Blended Yarn.

> 484 Private ITIs affiliated to National Council for Training.

> Tamil Nadu has the highest number of textile mills in India.

> 385 self-financing industrial schools to fulfill local demand of

> Out of 13,000 garment units in India, 6,500 units are located in

industries for skilled labour.

Tamil Nadu.

> Tamil Nadu is home to the highest (40) number of 3-star ITIs

> Nike has a significant presence in Tamil Nadu, manufacturing

in India.

160 million shoes annually.

> Tamil Nadu is home to 5 out of the top 10 Govt. ITIs in the

> Footwear and Leather Products SEZ (154 acre) is a sector-

country.

specific SEZ in Irungattukottai, Kancheepuram district.

> Each year 30% of the seats are reserved for women candidates in ITIs.

Tamil Nadu is positioned to continue leading the way in India's

> Industrial training is imparted in 51 engineering trades & 21

successful economic growth. Across all sectors and industries

non engineering trades.

the State offers opportunities for investments and partnering with innovative companies with comprehensive support offered

TEXTILES AND APPARELS

by the stage government. For more details on doing business in

Tamil Nadu leads all the States in the country with 2,027 textile

Tamil Nadu and many investment opportunities, please contact

mills and 24 million spindles which includes 6 Co-operative

Tamil Nadu Industrial Guidance & Export Promotion Bureau.

Spinning Mills and 7 National Textiles Corporation Mills.

www.investingintamilnadu.com PAGE 069

www.clydachfarmgroup.co.uk

Your background and journey to this point?

CALLUM GRIFFITHS CEO CLYDACH FARM GROUP

Clydach’s journey began when I was 13,

INTERVIEW WITH WORLD BIZ MAGAZINE 2019 CEO OF THE YEAR AWARD WINNER.

markets. Any spare time I had outside of

selling eggs to friends and family. I soon realized that if I was to hatch chicks instead I could sell both eggs and chicks at the local school was spent preparing the chickens, and I saved up to buy an incubator. A £55 investment led to the hatch of hundreds of chickens and then Clydach Poultry was born. In 18 months, I was breeding over 3,000 chickens a year and converted one of the stables on our farm in Wales into what became a buzzing Chicken food and supplies shop. In 2015 I wanted to take everything to the next level, so I studied livestock nutrition in depth for months to create my own recipe of chicken feed, and Clydach’s Natural Layers Pellets was born! The product was very popular and it became apparent that the nutritional aspect of the business was by far the most scaleable. I was in a great position to begin developing food for other animals and started with dogs. I had a network of free-range, Welsh and British farmers, which meant I could source high quality and fresh produce to make an exceptional range of foods. Clydach is now

In Spring 2013, 13-year-old Callum started breeding chicks from his parents' cockerel and hen in the garden. Still in education, he'd use his spare time on evenings and weekends to prepare the chickens to sell at a local market. Soon after he realised the profitability, he saved the money up to buy an incubator for his eggs. An investment of a £55 incubator led to the hatch of hundreds of chickens. 18 months after setting out on the venture, 'Clydach Poultry' was becoming a local success story! Breeding over 3,000 chickens a year, Callum was ready for the next step... Not content with the chickens alone, Callum converted one of the stables on the farm into a shop where he began to sell chicken food and supplies. Today, Clydach is thought to be the fastest growing brand of natural pet food in recent times. Clydach is available in over 300 stores in 12 countries worldwide. The company has won over 13 awards and set the standard for ethics, culture and care in it's sector.

thought to be the fastest growing brand of natural pet food in recent times! How does it feel being such a successful and young entrepreneur? I’m really happy to accomplish what we have here at Clydach Farm Food for Dogs. When I started this phase of the business five years ago, I was well aware that I was only 15 years old and it would be difficult to get potential customers to trust me and treat me as a serious and viable business person. But after a few years into my business journey the reception I receive is so different. I am PAGE 070

treated as an equal. I think young entrepreneurs are far more

– with that, I was able to either convince, or if not, prove that

accepted now than ever before. There’s nothing to stop

young people are capable of developing exciting, innovate

someone starting their own business, and age should never be

businesses.

a barrier. Ultimately you get out what you put in, whether you’re a teenager or an established entrepreneur. It’s about

Your recent award recognitions - how did it feel to win the

the right attitude and hard work.

Wales Startup Award? It felt amazing to win the award. It’s a true sign of how far

What have you discovered about yourself and what lessons

we’ve come and a great indicator of all the hard work that

have you learnt about leadership?

goes into the business. I feel very proud!

We're lucky to have an exceptional team at Clydach that have won many awards for customer service, I've learnt that you

Why is Wales a great place for Startups?

have to really involve them on the journey with you, develop

Wales offers so much opportunity and support for startup

and coach; and with a shared end goal, it can make your

companies. Now there are Wales Service which is part funded

vision happen.

by the European Regional Development Fund. I received business mentoring by a Big Ideas Wales Role Model which led

What is special about your products, why do your

me to get involved too. It’s been amazing speaking with

customers choose you?

people in their final years of education who might be

Clydach Farm is a different kind of dog food brand. We create

wondering what to do next. They receive guidance and advice

healthy, natural and grain free recipes in small batches

to get businesses off the ground. I get to go out each month to

packed up in recyclable bags. We use ethical, British

schools, universities, seminars and workshops on behalf of

producers to deliver free range and organic foods direct to

the Welsh Government providing practical advice to people of

your door or to be picked up from one of our lovely stockists.

all ages. For Clydach, we benefit by being in Wales as we can

We operate from several sites across South Wales (and

work with the very best ethical producers for our ingredients,

elsewhere) with our head office in Mountain Ash. There is a big

such as Welsh Lamb of course!

focus on biodiversity and nature conservation, representing the very best in earth-friendly manufacturing.

How will Clydach continue to exceed expectations in the future?

Some examples of challenges you faced starting out and

Our aim is to always remain true to the fundamentals that

how you overcame them.

were lay on day one, despite rapid growth Clydach maintains

Gaining trust at a young age. Having people take you seriously

impeccable customer service, exceptional nutrition and high

when you’re young in business is a challenge for many

ethical standards.

entrepreneurs and certainly held back lots of progression in my company. I built trust by knowing my facts, understanding my product and making sure I believed in what I was doing -

Website: www.clydachfarmgroup.co.uk PAGE 071

URUGUAY IS THE #1 OPTION FOR BUSINESS AND INVESTMENT IN LATIN AMERICA The important growth of the country over the last decade is

Through Uruguay you can access a market of 400 million

linked to the significant increase in investment. In Uruguay,

people, which accounts for 68% of Latin America's GDP and

Foreign Direct Investment (FDI) has reached record levels,

represents a flow of foreign trade of almost 74% of Latin

and has positioned the country among the main recipients of

America's total. Uruguay has become the destination par

FDI, in terms of GDP in South America.

excellence for international companies seeking quality, efficiency, experience and new opportunities in the most

Uruguay has political, democratic and social stability, and

stable and reliable business environment in Latin America.

macro-economic soundness, which has created the right environment for successful investment. It is also a stable and

Both national and foreign investment has been declared of

predictable country, qualities that are taken as a differential

national interest. The foreign and local investors are treated

by investors.

equally. It also has a wide range of incentives that adapt to different types of activities, both industrial, commercial or

Uruguay´s strategic location as the Gateway to the region

services that want to be carried out in the country.

offers the perfect springboard to Latin America. Uruguay provides top-level logistics infrastructure, state-of-the-art

Human resources in Uruguay are highly competitive, qualified

telecommunications technology and the best energy supply

and multilingual. Moreover, the government promotes the

in Latin America based on renewable resources.

implementation of training programs tailored for existing PAGE 072

staff or new recruits, offering state grants to companies that

investment as a priority to ensure the sustainability of growth

present eligible projects. The state guarantees free access to

and the levels of productivity of the Uruguayan economy.

education, from pre-school to university. 4.5% of GDP is

This will be carried out with financing from the public and

invested in education.

private budgets.

Uruguay is the best country to live in Latin America according

Global Services

to the 2017 Legatum Prosperity Index and the Mercer Index

Uruguay has become the most reliable destination for Global

(2017). The ranking is based on a variety of factors, including

Corporate Service Centers in Latin America. Every year, global

wealth, economic growth and quality of life.

companies establish regional centers that combine platforms or activities of: regional distribution centers, regional

Uruguay is a safe country, with 3.4 million inhabitants.

corporate centers, shared service centers, shopping centers,

Montevideo (its capital), and other cities in the interior,

IT development centers, R & D centers and advanced

offers excellent living conditions for executives and their

manufacturing projects. Although Uruguay is particularly

families with access to first class health and education

attractive for the location of Captive Centers, it is also a

services. More and more foreigners are choosing Uruguay to

chosen destination for outsourcing centers focused on high-

live. Executives can stay and work legally in the country while

value tasks: BPO and KPO centers. Offshoring services

their applications for residency visas are processed.

represent 18% of total Uruguayan exports. The operations are focused on Spanish-speaking Latin American countries, Brazil,

Agribusiness

America as a whole or globally.

Agribusiness is an innovative and continuously improving sector. It is positioned as a great stimulating area for the

More Investment Opportunities

Uruguayan economy, representing three-quarters of the

Uruguay offers a very favorable environment for the setup of

exports of goods. As a country that ensures reliable products

companies in various sectors of the economy. Its political and

of superior quality, Uruguay has attracted first class

macroeconomic stability, the various specific incentive

companies as the destination of its operations. From Uruguay,

regimes, and its competitive advantages have motivated a

agricultural products are provided to a world with an

wide variety of companies in various fields, such as

everyday increasing demand.

manufacturing, tourism and retail to choose the country as a destination for doing business.

Infrastructure and Logistics The Uruguayan government has established infrastructure

Website: www.investinuruguay.uy/en/investors-guide PAGE 073

www.metasysteme-coaching.eu

Tell us about your background. I am the Founder and CEO of ThirdEye, an

NICK CHERUKURI CEO OF THIRDEYE GEN INC.

industry

leader

Mixed

Reality

for

INTERVIEW WITH WORLD BIZ MAGAZINE 2019 CEO OF THE YEAR AWARD WINNER.

Pennsylvania Wharton School earning my

enterprise, providing an all-in-one (hardware and software) solution for all industries. While I was attending the University of bachelor’s degree in Economics and SSE, I started an AR/VR club that quickly grew to several hundred participants. Using this combination of that experience and bringing in talented engineers, I created ThirdEye in 2016, which has grown rapidly since. We have established leadership in Augmented and Mixed Reality with multiple patents published in this field. I was also given many main stage and panel talks about 5G and AR/MR including a panel discussion at CES 2019 about AR’s use for entertainment, and a main stage speech at AWE 2019 about AR/MR for enterprise use. I also have extensive leadership and technical experience in AR/MR and how 5G will impact AR/MR for the consumer and commercial spaces. Why do enterprises across the globe use X2 Glasses and the App suite? Early in 2019, ThirdEye sought out to create a

Nick Cherukuri is the Founder and CEO of ThirdEye, a leader in Mixed Reality for enterprise, providing an all-in-one (hardware and software) solution for all industries. While attending the University of Pennsylvania Wharton School earning his bachelor’s degree in Economics and SSE, Nick started an AR/VR club that quickly grew to several hundred participants. Using his combination of that experience and bringing in talented engineers, Nick created ThirdEye in 2016, which has grown rapidly since. He is an established leader in Augmented and Mixed Reality with multiple patents published in this field. He has also given many main stage and panel talks about 5G and AR/MR including a panel discussion at CES 2019 about AR’s use for entertainment, and a main stage speech at AWE 2019 about AR/MR for enterprise use. Nick has extensive leadership and technical experience in AR/MR and how 5G will impact AR/MR for consumer and commercial spaces.

pair of MR smart glasses that would have a lifechanging impact on the way workers go about their everyday tasks – thus, creating the most innovative smart glasses for the enterprise yet – the X2 Glasses. The X2 Glasses are the smallest on the market – weighing in at only 9.8 oz – and come with a wide field of view, powerful sensors and includes

built-in

proprietary

SLAM

(simultaneous localization and mapping) system that allows for 3D environment scanning and advanced MR features that are not available on a monocular device. The ThirdEye App Suite, used by over 500 enterprise customers around the world, also PAGE 074

"In ThirdEye's mission statement is a focus on using AR technology to impact the world in a positive way. From helping the visually impaired to see, bettering worker safety, to bringing AR educational content to rural areas around the world, ThirdEye wants to bridge the gap between being at the cutting edge of AR and being responsible socially." offers live AR remote help, 3D SLAM based CAD modeling/

Streaming. OLED displays are the future of smart glasses as

overlay and more.

they offer sharp display contrast, low pricing in volume and better display quality and for wide scale glasses adoption to

Today, ThirdEye is pushing the application of AR/MR

replace the smartphone – something that Apple and Google

technology in the enterprise even further through the use of

have been chasing for quite some time now and trying to

5G, exclusive partnerships with some of the industry’s biggest

implement R&D around. The AR Assistance Large Data

names, and being the first to receive two significant patents.

Streaming patent enables ThirdEye to deliver low latency

As 5G is being brought to the horizon, ThirdEye is one of the

apps (live 3D scanning, remote AR assistance and other

first companies to integrate it into it's products and services.

popular enterprise AR/MR software) that is in its App Suite to

By adding 5G mobile edge computing into the X2 Glasses, it

help deliver seamless AR/MR experiences.

provides a much larger bandwidth and lower latency, allowing for more data to be transferred at a higher speed. For

What is ThirdEye Gen's mission?

example, this integration will improve hands-free interaction

In ThirdEye's mission statement is a focus on using AR

and communication in all industries – especially workers in

technology to impact the world in a positive way. From

remote areas as they can receive remote help from anywhere,

helping the visually impaired to see, bettering worker safety,

including remote locations without Wi-Fi, and will be able to

to bringing AR educational content to rural areas around the

stream live video or live 3D models and directly interact with

world, ThirdEye wants to bridge the gap between being at the

surrounding objects or digital information placed in their field

cutting edge of AR and being responsible socially. There are

of view.

many different use case applications that benefit society at large. User Privacy is another big focus for ThirdEye –

How big is the market potential for the X2 Glasses?

augmented reality smart glasses capture so much more data

As we see these trends of 5G emerging into ThirdEye’s X2

than a phone, and ThirdEye ensures that this data is protected

Glasses, it opens up a vast majority of partnership

so the user's privacy is intact. Overall, ThirdEye's team is

opportunities with major call carriers – AT&T, Verizon, T-

focused every day to bring AR to the masses and help improve

Mobile, and more. Earlier this year, ThirdEye also partnered

the world.

with Verizon and has more partnerships underway to further expand its capabilities. Partnering with these carriers allow for

What can customers uniquely get from ThirdEye Gen?

ThirdEye to make advancements that were not feasible before

While many companies today use just smart glasses or only

– the high bandwidth and low latency of 5G and the power of

software, ThirdEye provides a full end-to-end package for its

edge computing allows for AR/MR glasses to offload the

customers and employees. By offering the smallest MR glasses

majority of their workload to the edge of the network. AR/MR

on the market and multiple software platforms, it allows

glasses will become significantly lighter and achieve a more

workers to have a more immersive and engaging work

ergonomic form factor with 5G because of the reduced

environment. Companies who have incorporated ThirdEye’s

compute and power needs. In addition to ThirdEye’s

MR glasses have seen a massive impact on its organization

innovative 5G usage and key partnerships, the company has

performance and KPIs, such as enormous growth in first-time-

also been granted two significant patents this year to further

fix rates, an increase of product uptime, substantial drops in

develop its technology and establish leadership within the

truck rolls, better time-to-resolution and superior overall

AR/MR space – OLED Driver and AR Assistance Large Data

customer experiences. After teaming up with Verizon to PAGE 075

Nick Cherukuri - ThirdEye Gen Inc. THE HIKE MAGAZINE

become the first MR glasses with built-in 5G mobile edge computing – essentially allowing for more data to be transferred at a much higher speed – workers are now able to receive remote help from anywhere, including remote locations without Wi-Fi, and be able to stream live video or live 3D models and directly interact with surrounding objects or digital information placed in their field of view. This marks a major milestone for MR glasses in the enterprise space as it improves hands-free interaction and communication for workers in all industries and remote areas. What improvements can you bring to your industry? While our vision has surely made an impact within the enterprise space, our overall goal is to introduce MR to every industry vertical, ultimately having businesses all over the world using MR glasses and enterprise AR software. Just as nearly every office uses a laptop, I foresee that MR glasses can be used to eventually replace/enhance this functionality within the next five to ten years. I plan to keep pursuing my passions to push for new ways for ThirdEye to introduce new enterprise use cases for our technology while focusing on the success of our clients and changing how they see the world. What regions hold the most potential for your solutions? The beauty of augmented reality is that it has applications in so many different industries, from field services to healthcare to education. Industrial applications, such as manufacturing of automobiles in the U.S. and Europe, is a popular use case. Telehealth in rural areas is another valuable use case that is helping to save lives by remotely providing AR instructions. What in your view makes a good leader? In my opinion, a good leader is someone who can effectively manage different aspects of running a company. As a tech startup, the leader should have a solid understanding of the technology so that they can position the company well and be at the cutting-edge of their space. Knowing how to manage different types of people from marketing to sales to tech is another key trait – effective management and building a strong company culture built around a core mission statement is the key to long-term success. Being open-minded and always adapting to new types of solutions for different problems is important to overcome the inevitable obstacles that come your way.

Website: www.thirdeyegen.com PAGE 076

BOGOTA

COLOMBIA

The City of Innovation and your Gateway to Latin America

www.investinbogota.org

APICORP: USD 70 BILLION DECREASE IN MENA GAS SECTOR INVESTMENTS OVER NEXT FIVE YEARS

- Decrease driven by high global gas output, slowing regional demand and financing issues. - Petrochemicals investments for 2019-2023 up 50% from previous 2018-2022 outlook. - Two-thirds of MENA countries see lower planned investments in their upstream gas sectors. - Share of government investments in committed upstream gas projects stands at just under 92%. - Industrial sector accounts for roughly 30% of total gas consumption in Middle East. - Liquefied natural gas continues to benefit from the very low

Frost & Sullivan's white paper highlights the benefits of launching a delivery center in Belize with bilingual capabilities at nearshore prices

regional gas connectivity. The Arab Petroleum Investments Corporation (APICORP), a multilateral financial development institution, has released its Gas Investments Outlook 2019-2023 on the MENA region's

FDI

planned and committed investments for the period 2019 - 2023. PAGE 078

APICORP's research indicates that the total committed and planned investments fell largely due to Saudi Arabia successfully commissioning major projects and lower prospects for Iran's gas sector. Out of the nine countries with committed upstream investments in the 2018 outlook, seven of them saw a year-on-year (y-o-y) decline.

In addition to detailed country-by-country analysis, the report

Two-thirds of the MENA countries will record lower planned

also highlights interesting trends and dynamics shaping the

investments in their upstream gas sectors

gas landscape over the short and medium terms, including

Even though reforms have contributed to the reduction in

the energy transition, gas pricing, private sector participation

energy subsidies and improved energy efficiency and

and emergent technologies.

renewables programmes, there is still a risk of underinvestment in upstream gas. A fair number of the greenfield

USD 70 billion y-o-y decline in MENA's total committed and

power projects – in Saudi Arabia (12GW) and Egypt (9GW) – will

planned investments

undoubtedly require additional gas supplies. Major upsides will

APICORP's research indicates that the total committed and

come from Qatar, where tenders for additional LNG processing

planned

trains (estimated at USD 15 billion) - have recently been issued.

investments

fell

largely

due

Saudi

Arabia successfully commissioning major projects and lower prospects for Iran's gas sector. Out of the nine countries with

Dr. Ahmed Ali Attiga, Chief Executive Officer, APICORP,

committed upstream investments in the 2018 outlook, seven

commented: "Due to higher upfront risks associated with

of them saw a year-on-year (y-o-y) decline, including Iran,

exploration activity, we are seeing governments shouldering

which saw its share of projects under execution fall by

the majority of the investments on the upstream side.

77%. The UAE and Qatar are expected to see an increase in

Currently, government investments account for a little under

their downstream gas investments. Overall, the decline in

92% of committed upstream gas investments compared to just

MENA

notable

29% for petrochemicals projects where we are seeing more

(60%)

private sector involvement. This involvement is expected to

and Algeria and Iran at around 50%. In terms of total gas

expand given the increasing share of planned petrochemicals

consumption at the MENA level, the report indicates that

and other downstream gas projects estimated at USD 134

the industrial sector currently accounts for roughly 30% of the

billion - or 71% - in the overall gas value chain versus upstream

region's total gas consumption.

and midstream."

Declines in gas investments largely offset by significant

Dr. Leila Benali, Chief Economist and Head of Strategy,

increases in petrochemicals

APICORP, said: "The downward shift is not necessarily an

By contrast, APICORP's Annual MENA Gas Investments

indication of low investment appetite. In Saudi Arabia for

Outlook shows petrochemicals investments as a bright spot,

example, it actually indicates a deceleration from a heavy

with a 50% y-o-y increase compared to its 2018-2022 outlook.

upstream activity and the commissioning of major projects

committed

Kuwait

(close

investments to

80%),

was Saudi

most Arabia

PAGE 079

THE HIKE MAGAZINE

Arab Petroleum Investments Corporation such as Wasit and Fadhili gas processing plants. Nevertheless, with some countries struggling to attract private sector investment, the risks of supply crunch materialising increase again in the region. The other interesting development is that with global gas prices dropping, investors in the gas value chain are using a variety of financing strategies and commercial schemes to get project FIDs." In the UAE, industrial needs will become main driver for gas consumption over the coming years – especially in petrochemicals. Gas demand for power generation purposes is expected to slow down to less than 1% p.a. to 2024 compared to the 6% rate over the past six years, due primarily to the commissioning of

Oman underwent a period of limited gas rationing for

nuclear power units at Barakah and solar power projects. On

industries as well as electricity reform, but its production is

the upstream side, the UAE announced a 1.6 trillion cubic

expected to increase.

metres (tcm) addition to its conventional gas reserves

Oman continues its upstream reform drive by awarding three

in November 2019, catapulting it to sixth place globally in terms

blocks to international IOCs in 2019. Over the next five years,

of gas reserves. It also became the first country in the region to

the Sultanate's gas production is expected to increase by 47

list unconventional gas reserves of 4.5 tcm.

bcma from its current level of 40 bcma. This increased production will underpin the 15% increase in the share of gas in

In Saudi Arabia, gas demand is set to grow at a historically

the country's fuel mix (from 35% in 2015 to 50% by 2025).

lower annual average rate of 1.8% to 2024, with mediumterm consumption driven by power generation and

Algeria's rising domestic challenge.

industrial activities.

Algeria's domestic demand continues to grow, jumping by 70%

Investments in Saudi Arabia's gas sector are projected to

from 2008-2018 due primarily to the power sector which relies

decline relative to previous outlooks as major projects are

on natural gas to feed 98% of the country's total generated

comissioned. The country has gone from gas tightness to

electricity. Gas-fired capacity will continue to feature heavily in

excess gas and has ambitious plans to boost sales gas output

the Algeria's estimated USD 31 billion of new power generation

from 89 billion cubic metres per annum (bcma) in 2017 to 164

projects over the next five years, which equals 56% of the

bcma by 2026.

country's total energy investment.

Egypt expects continuous growth of gas consumption at an

About APICORP:

average rate of about 4% p.a. for the next five years owed

The Arab Petroleum Investments Corporation (APICORP) is a

multilateral development financial institution established in

power

generation,

gas

exports

and

industrial

development.

1975 by an international treaty between the ten Arab oil

Egypt's Industrial Development Plan 2016-2020 forecasts

exporting countries. It aims to support and foster the

domestic annual gas consumption to reach 72 billion cubic

development of the Arab world's energy sector and petroleum

metres (bcm) in 2020 and 92 bcm in 2021. There are concerns

industries. APICORP makes equity investments and provides

about Egypt turning into net gas deficit as soon as 2025, owing

project finance, trade finance, advisory and research. APICORP

to high domestic consumption and once its 12 Mtpa LNG trains

is rated "Aa2" with stable outlook by Moody's and its

operate at full capacity. An analysis on the Egypt Gas Hub

headquarters is in Dammam, Kingdom of Saudi Arabia.

initiative shows that some key elements of the gas hub concept are still to be developed.

More information can be found at: www.apicorp.org PAGE 080

A LAND FOR BREAKING PRODUCTION RECORDS

PARANA STATE BRAZIL

www.apdbrasil.org

LOVE + BUSINESS = ? A NEW BOOK ADVISES BOSSES THAT ACHIEVING A LOVING, COMPASSIONATE AND SUCCESSFUL BUSINESS IS NEEDED . THE ART OF COMPASSIONATE BUSINESS - MAIN PRINCIPLES FOR THE HUMAN-ORIENTED ENTERPRISE by Dr. Bruno R. Cignacco (2019, Productivity Press, Routledge -Taylor and Francis). There are several well-ingrained assumptions regarding the dynamics of work and business activities, which can be refuted. Some examples of these widespread assumptions in the business and work environments are: employees being viewed as commodities, competitors perceived as threats, companies’ resources seen as limited, and customers perceived as scarce and difficult, etc. All which leads to the question, Is there a way to perform business activities more humanely? Dr. Bruno R. Cignacco says that: "This book challenges the reader to change the way they

EXCERPT

perform in business situations and become more focused on

“In the world, the lack of love is observed through countless

the human aspects of business activities. The users of this

examples: terrorism, racism, human trafficking, wars, corruption,

knowledge and those affected by them will undergo a

pollution, and other excruciating problems. In the business

profound transformation in the way they perform business

environment, companies with an unloving attitude display

activities. They will benefit from gradually testing and

countless examples of misbehaviour: exploiting employees,

implementing the guidelines conveyed in this book, both in

ripping customers off, acting without integrity with intermediaries

the business environment and the workplace. When readers

and suppliers, using misleading advertising, polluting the

put these principles into practice, positive ripple effects are

environment, using non-renewable resources, and bribing

bound to affect other stakeholders of the organization they

governments, among others. Within most companies, some

work for or own."

employees also adopt an unloving attitude toward others, for instance: backbiting, one-upmanship, power struggles, stealing

The Art of Compassionate Business also covers aspects

other people’s credit, and bullying, among others.

related to mission and vision, passion, business mindset, business

Hamilton (2010) observed that people are naturally hardwired to

conversations, use of constructive criticism and improvement

behave in a loving manner with others. Likewise, Griffith (2016)

of relationships with the most relevant stakeholders

stated that human beings have an instinctive orientation to

(customers, suppliers, intermediaries, community, and

behave “in an unconditionally selfless, all-loving, cooperative

employees, etc.). The book also includes a discussion of

moral way.” Nonetheless, many people tend to frequently act with

creativity and the innovation process, as well as other factors

others in a selfish and uncaring manner. Some negative values

that create a healthy business

(egocentrism,

organizational

learning,

improvement

environment. Extensive

carelessness,

manipulation,

defensiveness,

appendices include topics such as negotiation, marketing,

etc.) resent in most social contexts commonly reinforce people’s

use of social media and others.

selfish attitude. PAGE 082

DOES YOUR BUSINESS NEED LOVE? Montagu (1957) observed that love is intrinsically social and it

- This company does not have high profits as its sole objective,

is a basic emotional need, as relevant as food. This author also

but also sets relevant social goals, such as: supporting

stated that love for others implies active interest, caring

communities, caring for the environment, and contributing to a

support and involvement regarding their well-being and their

better world, among others. These companies are less

development as human beings. A person with a loving attitude

calculating and more generous than others. Kay (2011)

toward others is keen to support them in their innermost needs

observed these purpose-driven organisations tend to be more

and interests. Loving people care for others, even when the

successful than other organisations

latter do not request the support from the former. This type of

- This company looks for more natural, hearty, and personal

person acknowledges, accepts, and appreciates others as

ways to communicate with its main stakeholders. Therefore,

unique human beings. Loving people never judge others but

this organisation avoids the exclusive use of technology

treat them tenderly. These people develop a profound sense of

(emailing, phone, etc.) to get in contact with its stakeholders.

connectedness with others.When a person adopts a loving

Formal

attitude toward others, there is no reservation toward them.

appointments, etc.) are used alongside informal channels (for

This attitude is non-judgmental, and stems from one’s

instance, casual chats, social events) in order to develop

deliberate choice. A loving person is naturally kind with others

deeper bonds with stakeholders.”

ways

communication

(meetings,

protocols,

and does not expect reciprocal treatment from them. A person with this attitude treats others in a loving manner, just because

WE GRABBED THE OPPORTUNITY TO HAVE A SHORT

they are unique and valuable human beings.

INTERVIEW WITH DR. CIGNACCO TO EXPAND ON HIS IDEAS.

Drucker (1999) observed that “Manners are the lubricating oil

What is your background?

of an organization.” This scholar concluded that saying “thank

Over 20 years, I have trained and advised countless

you” and “please” to others, calling them by their name, and

organisations on international marketing activities. In the last

asking about their families helps people relate to one another

few years, I also trained and advised organisations on topics

in a better way. These are just a few examples related to a

related to social entrepreneurship and compassionate

loving attitude toward others. Loving people are always easier

business. I have also delivered numerous business talks in

to deal with, because they tend to shorten the distance with

different countries. Besides, I have been teaching business

others, and seek mutually beneficial agreements with them.

modules at undergraduate and postgraduate level, at several universities in the UK and abroad. One of my passions is to

When there is a widespread loving attitude toward others in

write personal development and business books.

an organisation, this company is prone to act as follows: - The organisation does not attempt to deceive customers or

Why have you written this book?

manipulate them. Instead, this company continually cares for

As a consequence of having advised a myriad of companies, I

its customers and guides them to make their best buying

observed that many organisations approach their business

decisions.

activities in an unloving manner. For example, many

- The company does not consider other organisations as

companies

enemies to defeat. Instead, these companies are considered as

“replaceareplaceable clogs” in the organisational machinery.

valuable sources of information, and oftentimes potential

These companies are also prone to manipulating customers

partners.

using deceptive selling techniques. These companies tend to

- The organisation does not de-skill its employees with

focus only on obtaining more profits, without caring for other

monotonous and repetitive work. Instead, the company

relevant aspects, such as developing mutually beneficial

allocates diversified tasks to its employees and encourages

relationships with their stakeholders (customers, employees,

them to learn new valuable skills continuously. The

business partners, etc.) Companies such as these also tend to

organisation tends to assign its employees tasks aligned with

adopt a careless attitude to the environment, for example,

their talents and capabilities.

using pollutants, or avoiding recycling.

exploit

employees

and

consider

them

PAGE 083

"Organisations always have to rely on their external stakeholders (such as, suppliers, customers, business partners, community, etc.) and internal ones (management and other employees.) Therefore, when a company adopts a loving attitude toward its stakeholders, they tend to act in a more co-operative and supportive manner with this organisation"

In your book you used the word “love” which seems very

strengthen its relationships with them, and it will also be more

alien to business activities. Could you please explain your

prone to thrive in the business environment.

views on this concept? As mentioned, previously, most businesses clearly believe that

Dr. Bruno Roque Cignacco has a PhD in management with a

the most relevant objective for their companies is to increase

focus on international marketing from the National University

their profits over time. In other words, these organisations do

of Rosario. He is an international business consultant,

not consider love among their business objectives. In my book I

international speaker and business coach. For over 20 years, he

mentioned that love is related to some relevant qualities, for

has advised and trained hundreds of companies on

example: closeness, affinity, gratitude sympathy, care, support,

international trade activities and international marketing. He is

generosity, and others. These qualities can be applied to any

also a Principal Lecturer in Marketing at GSM London. He

type of relationships, even business ones. Many business

teaches international marketing, marketing management,

people do not understand that a loving attitude is the basis of

research

all fruitful relationships, business and non-business ones.

relationships. He has also taught business modules at other

methods,

product

innovation,

and

public

universities such as Birkbeck University, Lancaster University, Why is love so important for business activities?

University of Wales, University of Central Lancanshire and

Let’s consider the average company in any sector. This

several international universities. He is a Senior Fellow of the

organisation will tend to focus exclusively on improving its

Higher Education Academy (HEA) UK. He is a Master Life Coach

main Key Performance Indicators (productivity, profitability,

and Master NLP Practitioner. He is also the author of business

efficiency, etc.) However, it is also interesting to notice that no

books such as Fundamentals of International Marketing SMEs,

organisation can perform their business activities on their own.

which has been published in several languages, including

Organisations always have to rely on their external

English, Spanish and Portuguese. He’s also the author of

stakeholders (such as, suppliers, customers, business partners,

Techniques of International Negotiation, and personal

community, etc.) and internal ones (management and other

development books published in different languages.

employees.) Therefore, when a company adopts a loving attitude toward its stakeholders, they tend to act in a more co-

THE ART OF COMPASSIONATE BUSINESS - MAIN PRINCIPLES

operative and supportive manner with this organisation.

FOR THE HUMAN-ORIENTED ENTERPRISE by Dr. Bruno R.

Besides, these Key Performance Indicators, which are always

Cignacco (2019, Productivity Press, Routledge -Taylor and

the result of the interactions of an organisation and its internal

Francis) is available for purchase now on Amazon.

and external stakeholders, tend to naturally improve. Therefore, it is important that an organisation adopts a loving

For more information about Dr. Cignacco please visit:

attitude toward its stakeholders, because by doing so, it will

www.humanorientedenterprise.com PAGE 084

INVEST IN ARMENIA EUROPE'S LAND OF OPPORTUNITY

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FINLAND OFFERS WOOD SOLUTIONS FOR GLOBAL SUSTAINABLE SUCCESS A strong wood building ecosystem makes Finland an

sawmills in Finland that operate year-round and export their

excellent location for the wood building industry and

products globally. A strong wood building ecosystem makes

element manufacturing for global markets.

Finland an excellent location for the wood building industry and element manufacturing. We see fine opportunities for

HIGH RISING PROSPECTS: Wood construction is a fast-

companies that have top-level knowledge in wood

growing industry in the Nordic countries and industrial wood

frameÂ construction and special structures and who can

building is gaining momentum in Finland. Finland is Europeâ€™s

provide efficient industrial manufacturing capacity for their

most heavily forested country with 86% of its land area under

solutions. There is strong potential to develop new building

forest. The growth potential for sustainable harvesting is

systems, either independently or jointly with a local company

currently 60%, which means substantial opportunities for

base that offers domestic networks and knowledge.

production.

Companies can benefit from the highly skilled workforce and prospects for development and investment funding.

In Finland, wood solutions enjoy a strong position in the construction sector, and the use of wood as a building

ECOSYSTEM OF GROWTH: The largest industrial log house

material is widely embraced. We have well-managed,

manufacturers in the world are Finnish companies. We have

certified forests that produce high-quality wood at

the tradition, knowledge and industries in place for

competitive prices. There are currently about 170 industrial

optimizing wood usage. New players, both domestic and PAGE 086

There is strong potential to develop new building systems, either independently or jointly with a local company base that offers domestic networks and knowledge. Companies can benefit from the highly skilled workforce and prospects for development and investment funding.

international, have entered the market, reflecting and

SLOWLY GROWN WOOD FOR MANY APPLICATIONS

capitalizing on the new growth opportunities. One example is

The Nordic environment has given Finnish wood some special

Austrian company Binderholz Group which acquired Vapo

features. Finland belongs to the cold climatic belt in which sub-

Timber’s sawmills in Nurmes and Lieksa. CLT production has

zero winters alternate with warm summers. The summer

increased in Finland recently. CrossLam Kuhmo Ltd was the

season lasts only 100 days, during which the trees grow. The

first company starting CLT production in Finland. CLT Finland

short growing season means slow growth, which provides the

Ltd started production in 2017 and City Plant Ltd is starting in

best possible straight-grained timber: branches are few, and

2018. Metsä Wood has increased LVL production in Finland.

those that exist are small.

Finnish company Sisco manufactures massive wood modules from Metsä Wood’s LVL panels in modern factory near

Finnish softwood is a versatile, recyclable, and low-carbon

Helsinki. Also Stora Enso produces LVL in Varkaus plant. There

material for various applications. It is very popular all over the

is also increasing number of element manufacturing around

world, especially in visible end-use applications. In addition to

CLT, LVL and other industrial wood elements in Finland.

sawn timber, Finnish sawmills have also extensive know-how in engineered wood products, such as cross-laminated timber

5 IDEAL WAYS TO ENTER THE FINNISH WOOD MARKET

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> CO-INVESTING

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> PARTNERING

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> CONSTRUCTION

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> PREFABRICATION OF BUILDING ELEMENTS > REFINING OF RAW MATERIAL

REFINING BIOMASSES AND INDUSTRIAL FRAMEWORK Finland is in an outstanding position to develop forest-based

FINNISH WOOD INDUSTRY FACTS

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> 7 BILLION EUROS = TOTAL PRODUCTION VALUE OF WOOD

live by the terms of nature and to adapt their technologies to

PRODUCTS

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> 2.5 BILLION EUROS = VALUE OF WOOD PRODUCTS EXPORTS

we have accumulated considerable expertise in refining

> 80 MM3 = SUSTAINABLE HARVESTING POTENTIAL

biomasses and a strong industrial framework. The forest

> 90% OF FINNISH FORESTS ARE PEFC CERTIFIED

industry actively searches for new products based on wood

> 170 INDUSTRIAL SAWMILLS

material: plastics, composites, liquid fuels, nanocelluloses and

> 250 WOODEN HOUSE AND LOG HOUSE MANUFACTURERS

lignin, medicines, and textile fibres can already be produced from wood. Wood-based bioenergy can substitute fossil fuel

FINLAND OFFERS FOREST BASED WORLD CLASS EXPERTISE

energy. The forestry industry produces most of their energy

Finland is the most forested country in Europe. Forests

from wood residues coming from the processes.

account for as much as three quarters of Finland's surface. And their volume is growing, thanks to our ecologically,

Invest in Finland is the official investment promotion agency

socially, and economically sustainable forestry. As the growth

for Finland. Working with Invest in Finland means you will

potential for sustainable harvesting is currently 60%, there are

receive the most relevant and up-to-date industry insights and

plenty of possibilities for additional production. Finland has

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long traditions in sustainable forestry and almost all Finnish

expansion.

forests are certified. Finnish forest management relies exclusively on tree species native to Finland.

Website: www.businessfinland.fi PAGE 087

REHOME LAVATORIES A FINNISH SOLUTION TO A GLOBAL PROBLEM The objectives of the Rehome Toilet project, which was chosen

concept. The Rehome Toilet project is an extension of the

as the ‘Most Interesting Phenomenon’ at 2019’s Habitare

Rehome project announced by LAMK in 2017, in which the low-

design fair, are to improve the level of hygiene and prevent

cost, high-volume production of fixtures was developed jointly

bacterial epidemics, and to produce clean fertilizer, reduce the

with the packaging industry and other digital robotics industry

water footprint and generate savings through the wise use of

operators to serve the needs of, for example, natural disaster

resources. At the centre of the Rehome Toilet project is a

areas, emergency housing or events, such as festivals.

composting, separating toilet unit manufactured in a fully

Damski believes that a coalition of Finnish expertise could lead

automated process from Koskisen’s Finnish exterior plywood.

to great things. “With good design as the foundation, and since digital machining and logistics in Finland work well,

Aiming to productise Finnish know-how for export

there is no need to transfer manufacturing out of Finland.”

According to Vesa Damski, Senior Lecturer at the Lahti University of Applied Sciences’ (LAMK) Institute of Design, the

Easy to transport and assemble

idea for Rehome Toilet was sparked by an initiative of the

The Rehome Toilet is transported conveniently as a flatpack,

Finnish company Comprendum: “The company had the idea

and it is easy to assemble at the destination. The entire

that Finnish know-how could be packaged and exported.

Rehome Toilet concept takes sustainability objectives into

While, for example, composting units were already being

account, and it was developed especially to serve the needs of

exported, the buildings, resources and expertise surrounding

crisis areas and refugee environments. In addition to disaster

them were lacking.”

areas, Rehome Toilet can be used at outdoor events. According to the LAMK Institute of Design, the dry toilets can

Additional information and expertise was to be found at the

also be manufactured and commercialised into so-called

LAMK Institute of Design, and under Damski’s guidance, the

civilian versions, e.g. for the Finnish markets and recreational

design students began to productise and design the dry toilet

and outdoor environments. PAGE 088

“Finland is a country of significant raw material and furtherprocessing production. My mission is to manufacture products in Finland using Finnish raw materials. Our backyard is literally full of growing trees, and they can bring us success other than simply as timber.”

A Finnish solution to a global problem

is literally full of growing trees, and they can bring us success

“To point to one example, after the earthquake in Haiti, toilet

other than simply as timber,” stresses Damski. “Right at the

holes were dug in ditches using excavators. This caused

start of the project, we contacted Koskisen’s product

numerous risks, as diseases spread,” recounts Damski. In

development team, with which LAMK has had good

addition to hygiene solutions, Rehome Toilet also brings a

collaboration for many years now. Academic partnership has

sense of protection and security in terms of basic human

numerous benefits, and that is something that Koskisen

needs. The dry toilet also recycles nutrients.

clearly recognises,” says Damski. “We have received

Damski is particularly pleased that the students were keen to

tremendous support and assistance from Koskisen in our

take part in a project that has significant impacts on human

work. We share a belief in the product’s future,” he sums up.

well-being and safety on a global scale. “We have had a lot of fun working on this project, starting with exploring

“What an amazing idea they came up with!”

ergonomics,” he says. Damski is already thinking about other

Riitta Ahokas, Manager of R&D for Koskisen’s Panel Industry,

potential applications, such as an overall service concept

has been part of the Rehome Toilet project since day one.

related to the dry toilets, a urinal for multiple users, including

Ahokas commends the partnership with LAMK, and with the

hand-washing stations, and water supply and rainwater

Järvelä-based company Korvenranta Oy, a close link in the

collection. “We have stirred up an area that needs a lot of

project.“Ultimately, this has been a very simple project for

work. All of these problems can be solved, at least indirectly,

Koskisen. An important phase was when the students visited

with Koskisen’s plywoods, which are well-suited to machining

us in Järvelä and we covered our products and production

using robotics,” he says.

process. Based on that meeting, they generated ideas for taking the project forward and had a free hand in making it

Koskisen a key raw material link

happen,” recalls Ahokas. “And what an amazing idea they

“Finland is a country of significant raw material and further-

came up with!”

processing production. My mission is to manufacture products in Finland using Finnish raw materials. Our backyard

Website: www.koskisen.com PAGE 089

MOSCOW MAKES TOP 10 OF GLOBAL STARTUP RANKING DUE TO OPENING DIGITAL BUSINESS SPACE Moscow is moving up the rankings of cities favorable to

experts and opinion leaders to discuss current local and

startups and will soon be one of the world's top three locations

international trends and developments in business and

in terms of the number and quality of startups, infrastructure,

technology. Moscow occupies a prominent place in global

business climate and public acceptance of innovations, said

innovation rankings largely due to the opening of the DBS,

Alexey Parabuchev, CEO of the Moscow Agency of Innovations

where entrepreneurs communicate and share innovative

at an event at the Digital Business Space (DBS).

business ideas. This place often hosts events, the main purpose of which is to help entrepreneurs get support from the city

The Russian capital is home to 4,500 startups and more than

administration.

25,000 innovative infrastructure facilities, including technology parks, coworking spaces, and hi-tech manufacturing sites.

In 2019, Moscow moved up from 14th to 10th place in the latest

Globally recognized IT companies such as Kaspersky Lab,

ranking of cities with the best ecosystems for startups,

ABBYY, Yandex, Acronis, and Mail.ru Group have their

published by the international information and analytical portal

headquarters here. A major contributor to the city's success is

StartupBlink. The compilers of the ranking take into account

the Digital Business Space (DBS), Moscow's go-to place for all

parameters such as the number and quality of startups,

things innovation.

infrastructure, business climate and public acceptance of innovations. Moscow has overtaken recognized development

The venue is a top-notch space created by the Moscow Agency

leaders in this area, including Beijing, Bangalore, New

of Innovations to boost the quality of the local innovation

Delhi, Tokyo, Paris, Austin, Toronto, and Amsterdam. The top

ecosystem. Its successful operation helps strengthen the city's

cities in the 2019 ranking are mainly in California, including the

profile in international innovation and technology rankings.

Silicon Valley area and Los Angeles. Among other leaders

Hundreds of events are held at the DBS annually. They bring

globally are New York, Boston, Chicago, Seattle, London, Berlin,

together well-known Russian and international entrepreneurs,

and Tel Aviv. PAGE 090

The Russian capital is home to 4,500 startups and more than 25,000 innovative infrastructure facilities, including technology parks, coworking spaces, and hitech manufacturing sites,

"Competition among the top 50 cities in the ranking is very

Throughout its history the building served a variety of purposes

tough, and the top 10 places are held by the strongest

and in 2017 was reconstructed to become the Digital Business

traditional leaders. Moscow is the only new city in the top 10

Space. The large-scale revamp completely changed the inside

compared to the previous ranking compiled in November

and outside of the building. Today, its facades are fitted with

2017, having overtaken Paris. Moscow's innovation ecosystem

wide-format media screens. Thanks to the fiber optic light-

continues to develop rapidly, and the city is fully capable of

transmitting concrete developed by the Russian company

progressing to 6th place in the ranking by 2021. To achieve

Illuminart, the facades can also change color.

this, it will have to overtake cities like Seattle, Chicago, Berlin and Tel Aviv. The next target, which can only be

On entering the building, the visitor finds him/herself in the

achieved through the concerted efforts of business, the city

reception area with touch panels and LED navigation columns.

and innovators, is to take 3rd place behind the undisputed

The second floor has seven small conference rooms and a large

leaders of San Francisco and New York, but ahead of London,"

640-seat auditorium. The latter is equipped with the largest

said Parabuchev.

in Russia 4K screen and a unique sound amplification system from the American company Meyer Sound. Thanks to the

"The city's administration will continue to work on ensuring

system, audience members soon will be able to freely

that Moscow startups get timely information about where

communicate with speakers on stage, without the need to use

precisely their developments can be deployed. We will be

microphones. Other amenities include an elevator for disabled

running hackathons, in which teams will seek solutions for

people, capsules for working and resting, and a coworking

real issues faced by the city and business. We hope that many

space with smart desks and a soundproof booth for internet

of those who take part in the hackathons will go on to create

calls.

their own companies", noted Parabuchev. "With the advent of the digital age, Moscow became home to a Moscow's innovative infrastructure will continue to expand.

community of innovators who needed a space to discuss

The number of coworking spaces is growing rapidly, and the

projects, launch pilots, and search for partners. That's why we

city is hoping to turn them into a "breeding ground" for

set ourselves a task to create such a focus point to freely

startups. The Russian capital has 36 technology parks for

localize all breakthrough ideas. Our concept has been realized

high-tech companies and plans to open yet another one for

at several levels – in the building's design and equipment, in

entrepreneurs in creative industries. In two years since

large-scale events, and in a hub for testing innovations," says

launch, this futuristic-looking venue has hosted over 700

Alexei Parabuchev, CEO at the Moscow Agency of Innovations.

events attended by a total of over 10,000 people. According to him, the DBS has become a center of gravity that One of such events was Telling Stories 2019, a festival of

increases the density of ties in the innovation community and,

creative industries and media, headlined by the British

on par with networking hubs in the Silicon Valley, accelerates

journalist Oobah Butler. Before becoming a gathering spot for

the growth of innovative companies. Moreover, the DBS has

discussions on disruptive technologies, the building, located

become a key tool that turns Moscow into a "playground,"

at 47 Pokrovka Street, had a long history. It was constructed in

where entrepreneurs can get guidance on the local innovation

1977 as a movie theater, for which its architects were later

infrastructure and find a coworking space, an accelerator, or

honored with a state award. The facade of the building was

production capacities. Here they can also get feedback on their

clad with Crimean limestone of the Paleogene period. Next to

products or services and discuss collaboration with large public

the entrance stood an eight-ton anchor, a relic of World War II.

and private companies. PAGE 091

Moscow Innovation Agency THE HIKE MAGAZINE

The Digital Business Space has become a flagship venue for piloting innovations. Dozens of advanced solutions have been tested here, including a light-transmitting concrete, a kick scooter rental service, an antibacterial fabric, a smart mirror, a biometric identification system and others. For example, at the DBS was tested an innovative airpurifying system Tiokraft, the only air purification and disinfection device in the world that provides simultaneous mechanical filtering for all types of viruses, bacteria, mold spores and volatile organic compounds (including poisonous

ones)

followed

their

complete

decomposition under the ultraviolet light. Аfter successful test Tiokraft cleaners were purchased by the State Duma of Russian Federation, the governmentowned сorporation Rusnano, Panasonic, SCC (Germany), ChemproControl (Germany), G.E. Constraction (Greece) and

Gia

Nguyen

High-Tech

JSC

(Vietnam).Alexei

Parabuchev believes that the DBS can provide serious support to the local community and help Moscow become a global leader in terms of the innovation infrastructure. "The DBS works like a machine: it consolidates the innovations market, helps startups get support from the city, experts, and corporations," says he. "It helps startups get on the radar of international organizations, such as TechCrunch, and respectively promotes Moscow as a global tech center."

MOSCOW INNOVATION AGENCY Innovation development in the city: The Innovation Agency brings together big business, the city and technology companies to make Moscow the world's innovative capital. - We help the technology business refine and market new products. - We find teams for large business to solve technological problems. - We test and implement innovative solutions in the city Website: www.innoagency.ru PAGE 092

INVEST IN MOROCCO

SHARING SUCCESS Qualified Labor Force Ambitious Sectorial Plans World Class Infrastructure Favorable Investment Climate Free Trade Access to One Billion Consumers Kingdom of Morocco - Moroccan Investment Development Agency www.invest.gov.ma

CSR

BARILLA FOUNDATION: "AN URGENT RETHINK OF THE GLOBAL FOOD SYSTEM IS NEEDED" Revolutionizing our current agri-food

security in some regions) and increasing

systems would bring economic returns

costs for public health, mainly due to

of around $5.7 trillion, creating new

chronic diseases due to unhealthy eating

business opportunities of up to $4.5

patterns. A huge figure that far exceeds

trillion each year by 2030 and creating

the $10 trillion of market value generated

environmental and health benefit

by agri-food systems, creating a deficit of around $2 trillion. A revolution is needed

12 trillion dollars. This is the hidden cost

to make available – by 2050 - up to 1.2

we sustain every year globally as a result

billion hectares of land currently used for

of our agri-food systems, including

agriculture and "save" $10.5 trillion of

irreversible damage to ecosystems (which

hidden costs. This is the snapshot taken

also contribute to undermining food

by the "Growing Better: Ten Critical

Guido Barilla, President of Barilla Foundation during his speech at the 10° International Forum on Food and Nutrition

Global food systems generate $12 trillion of hidden costs, from environmental damage to public health. PAGE 094

THE HIKE MAGAZINE

Barilla Foundation

Transitions to Transform Food and Land Use" report, discussed at the tenth International Forum on Food and Nutrition organized by the Barilla Foundation. "With just 10 years left to achieve the SDGs of the UN 2030 Agenda, it's clear we have an urgent need to intervene on current agri-food systems, because the idea of development and progress based on the belief that the planet's resources are unlimited is no longer viable. We need to look at food in its economic, social and environmental dimension, placing all the actors concerned, from private sector to citizens, at the heart of the Development Agenda, to lay the foundations for

inclusive,

lasting

and

prosperous

future," explained Guido Barilla from the stage at the International Forum on Food and Nutrition. This kind of approach, according to the "Growing Better: Ten Critical Transitions to Transform Food and Land Use" study presented at the Forum by Jeremy Oppenheim, Systemiq, would also bring economic benefits: an investment in the transformation process of agri-food systems, amounting to $300-350 billion a year (less than 0.3% of global GDP), would generate a return of about $5.7 trillion - more than 15 times the initial cost - creating new business opportunities of up to $4.5 trillion a year by 2030. The Barilla Center for Food & Nutrition Foundation (BCFN) analyzes the complexity of current agri-food systems and, through a variety of initiatives, fosters change towards healthier and more sustainable lifestyles in order to achieve the Goals set by the United Nations 2030 Agenda for Sustainable Development (SDGs).With its public initiatives and scientific research, BCFN provides recommendations to public decision makers and maintains an ongoing dialogue with

its

stakeholders

providing

food

multidisciplinary studies and highlighting best practices; it engages the new generations by developing educational tools and awarding projects by young researchers from around the world; it speaks to people to raise awareness and inspire informed daily food choices; and it awards journalistic excellence in reporting the paradoxes of the current food system. Website: www.barillacfn.com PAGE 095

Chinese commercial giant Suning Holdings Group has revealed its strategy for 2020, with the firm's founder and Chairman Zhang Jindong announcing that in its 30th anniversary year the business will create more than 10,000 new stores and 8,000 new jobs, while

SUNING TO INVEST 5 BILLION EUROS IN 2020 RETAIL STRATEGY

investing at least 40 billion RMB (approx. EUR 5 billion) in new technologies and logistics infrastructure. the China market. Zhang Jindong, Chairman of Suning The company, one of the top three among the top 500

Holdings Group, referring to China's rising sophisticated

non-state-owned enterprises in China with annual

middle class, said: "Chinese enterprises rely on a 40 trillion-

revenues of RMB 602.5 billion (approx. EUR 77 billion), will

scale consumer market. China's market volume is the enviable

continue to invest in its smart retail infrastructure to

and desired by any overseas company. As long as the company

deliver an enhanced customer experience for a new

wants to do the business, there is room. Whoever can more

generation of Chinese consumers.

effectively meet and match consumer demand at all levels will succeed in the future."

A 'consumption upgrade' in China is being driven by an increase in consumer spend with the emergence of new,

As China's economy has shifted from high-speed development

more aspirational and affluent consumer groups, along

to high-quality development, Suning will evolve from

with increased purchasing power in China's 'lower-tier'

expansion at scale and quantity to the improvement of quality

cities – smaller, less developed cities that make up half of

and efficiency. Speaking at a special meeting at the firm's

the country's population. This is creating an even greater

sprawling headquarters in Nanjing, Zhang outlined a strategy

opportunity for international brands looking to access

called 'Open from 1 to N and Integration from N to1'. PAGE 096

THE HIKE MAGAZINE

Suning - Retail Investment

Open from 1 to N refers to how Suning is opening up its core business of retail through multi-channel, full-scenario categories to empower the industry and society at large. Integration from N to 1 refers to the integration of Suning's scenarios and supply chain, converging online and physical retail to focus on consumer experience and providing diversified services of a consistent quality for every consumer. Since its creation in 1990, Suning has formed a smart retail ecosystem with retail at its core and industries such as finance and real estate revolving around it. By continuing to invest in retail

infrastructure

including

commodities,

integrated

logistics warehouses - including those manned by robots and drones - and technology, the business aims to provide an enhanced consumer experience. Announcing the strategy for the year ahead, Zhang also revealed that Suning has now opened more than 4,400 of its Retail Cloud Stores - the name given to its franchise model which unlocks the power of the firm's value chain for entrepreneurs in more rural locations outside of China's larger cities. Earlier in 2019, Suning acquired 37 Wanda Department Stores and an 80% equity stake in Carrefour's Chinese operations for €620m, bolstering its bricks-and-mortar retail portfolio. About Suning Holdings Group Founded in 1990, Suning is one of the leading commercial enterprises

China

with

two

public

companies

in China and Japan. In 2019, Suning Holdings Group ranked as the top three brands among the top 500 non-state owned enterprises in China with annual revenues of RMB 602.5 billion (approximately EURO 77.24 billion) and continued to top the list of Internet retailing category. Adhering to the enterprise mission of "Leading the Ecosystem across Industries by Creating Elite Quality of Life for All", Suning has strengthened and expanded its core business as retail through a corporate ecosystem comprised by multiple vertical industries, including commercial real estate, financial services and sports. Suning.com, the main subsidiary pioneering in online and offline retailing, has been listed in the Fortune Global 500 for three successive years from 2017 to 2019. Website: www.suning.com PAGE 097

THE WORKPLACE JOURNEY - HOW EMPLOYERS AND EMPLOYEES CAN IMPROVE CAREER BREAK REENTRY Women represent 75 percent of caregivers and are three

during the leave, and talking about the type of support

times more likely than fathers to leave their job at some

needed for reentry."

point to care for their family. When they return, they face the same challenges as all people reentering plus the weight of

The report, "The Workplace Journey: Caregiving, Career

the "mommy penalty", which is the host of negative

Breaks, and Reentry," identified the challenges employees

behaviors and attitudes that women typically experience in

face when they reenter the workplace after any type of long-

the workplace after having a baby. A curated research report

term leave. First, they have to deal with emotional and

by the Gloria Cordes Larson Center for Women and

psychological barriers including a lack of confidence; a fear

Business (CWB) at Bentley University aims to change that by

that their knowledge base and technical skills have eroded;

providing recommendations for both organizations and

and a less robust professional network. An added challenge is

individuals.

that potential employers often view gaps in resumes negatively and may not be willing to bring workers up-to-

"A more holistic approach to the leave and reentry process

speed.

benefits both employees and employers," says CWB Senior Director Trish Foster. "This means starting conversations

When it comes to caregiving, women bear the brunt of the

before employees leave, discussing how to stay connected

pressure. In a 2018 survey that was conducted by the Center PAGE 098

THE HIKE MAGAZINE

Career Break Reentry - Bentley University

for American Progress, mothers were 40 percent more likely than fathers to say that they had personally felt the negative impact of child-care issues on their careers. Women of color are disproportionately impacted by caregiving challenges, finding it more difficult to take leave or being judged more harshly for doing so. "For employees, the key is collaborative planning before the leave, including a reentry plan, staying connected during the leave, and establishing expectations for their return," Foster explains. "Employees who adopt this approach will find themselves making better decisions about the leave period itself and feel more prepared to return." For those returning after an extensive leave – whether for caregiving, military service, or medical needs – the CWB report offers actionable strategies: - Consider working as a contract employee, a consultant, or a volunteer both to boost skills and to enhance your resume. - Utilize flexible hours or a phased reentry, especially for those returning from medical leave. - Think about using a professional career coach. - Determine whether you want to pursue a returnship program, an internship that typically combines temporary paid employment with mentorship and training. - Renew professional connections that might have languished. - Be transparent about your hiatus, acknowledging your work break and why you took it, so that employers don't make a wrong and often negative assumption. The report also addresses employers' blind spots related to caregiving and how it impacts workers. Only a quarter of employers think caregiving has a negative impact on their employees. Few gather information on the care profiles of their workforce and most do not measure or see the need to measure hidden caregiving costs, such as the negative impacts on productivity and well-being. For organizations, the report emphasizes a strategy based on a culture of care: - Create a culture that supports caregiving. - Create a organizational culture with flexible systems and strategies that actively support employee leave and reentry. - Create a culture that takes a holistic, long-term approach to the leave and reentry process. - Ensure support at the top of the house. Foster advises, "Organizations that follow this path – creating a culture of care – better understand their employees' needs and are able to retain valued workers, all of which is better for the workforce and the bottom line." Read the full report for additional details and specific recommendations. Website: www.bentley.edu PAGE 099

UAE-BASED CALL ANSWERING STARTUP CALLIX ALL SET FOR GLOBAL EXPANSION - Callix, the award-winning UAE-headquartered startup

Callix, a UAE-based intelligent cloud-based call answering

offering intelligent cloud-based call answering solutions, is

solution providing 24/7 services and data analytics to

now eyeing global expansion in territories such as Saudi

businesses of all sizes, has announced its plans for

Arabia, the United States, United Kingdom, and Canada.

international

expansion

starting

with

its

launch

the Kingdom of Saudi Arabia in the first quarter of 2020, with - Harnessing the power of technology and human

further plans already on the way to roll out in the United

intervention, Callix proves to be a 95% more affordable

States, Canada, and the United Kingdom. The startup, having

alternative versus other providers with its advanced

entered the market in 2017, is this year's recipient of the Best

analytics, seamless system integration, highly-trained agents

Digital Customer Center award at the Government Excellence

speaking 8 different languages, and 24/7 availability.

Awards as recognition for its focus on bolstering its clientele's customer happiness agenda and supporting the SME sector

- The UAE-grown startup has recently won the Best Digital

with its ease of setup and system integration, affordable

Customer Center award at the Government Excellence

pricing packages, multilingual live agents, and most

Awards in Dubai, besting other top names in the industry

importantly, advanced data analytics.

because of its contributions to the customer happiness goals of SMEs, a sector that constitutes 94% of the companies in

According to Callix founder, Arif Saiyad, who also sits at the

the country.

head of ASA Ventures, a Dubai-based venture capital firm that PAGE 100

THE HIKE MAGAZINE

Callix - Global Expansion

has been operating for the last 16 years across three continents, "Digital adoption is integral for survival in today's business landscape. With Callix, an entrepreneur takes his customer service game a notch higher without the need to hire people and take care of additional overheads. Another thing that is crucial for any company is data collection, analysis, and utilization. It's true when they say that knowledge is power, and with all the information gleaned from the dashboard, businesses are able to get actionable insights, make informed business decisions, and provide what the customer needs." Apart from user interface and data analytics, Callix also utilizes sentiment analysis for agent training purposes. Call recordings are made available to the customer for quality assurance, allowing them to monitor how agents handle client calls. Saiyad adds that the decision to make Saudi Arabia the next Callix base was grounded on recent developments in the kingdom's startup and VC ecosystem, and sees that the country has boundless market potential. As part of its Vision 2030 objective of becoming an "investment powerhouse," it also recognizes SMEs as the backbone of its economy, representing 99% of the private sector, according to the secretary-general of the National Entrepreneurship Initiative (NEI), Omar Bafeel. With Saudi undergoing a digital and economic transformation, foreign direct investment (FDI) inﬂows increased in the first quarter of 2019 by 24%. On the topic of human intervention, ASA Ventures Chief Marketing Officer, Nitin Nambiar, explains that in order to truly live up to customer happiness ideals, "one must inspire trust, and what better way to do that than to have a real-life human that knows how to effectively build rapport, show emotional intelligence, and creatively resolve an issue. While the call center industry has technology as its backbone, in order to have a humancentric approach to customer service, you still need humans to bridge the gap between doubt about a product or service and brand loyalty." About Callix Callix is an intelligent, cloud-based 24/7 call answering solution that is 95% cheaper than any competitor and leverages the perks of both technology and human intervention with its team of dedicated and highly-trained customer service agents supporting businesses through seamless customer experience with built sentiment analysis and data analytics providing actionable insights. Website: www.calix.com PAGE 101

WHERE SOME SEE JUST AGRO-INDUSTRIAL GOODS, COSTA RICA SEES THE FUTURE Essential COSTA RICA: Certified fruits, vegetables,

The CEO of Costa Rica's Export Promotion Agency

flowers, plants, and foliage are shipped to worldwide

(PROCOMER), Pedro Beirute, stated that 100 companies

destinations.

export to 53 destinations worldwide. "Costa Rica is global leader of exports of pineapple; fourth exporter of banana and

Costa Rica is determined to continue being a top exporter of

cassava to the world; and leading exporter of root crops to

agricultural products for their well-known premium quality,

the U.S. In addition to this, the country has a significant

exquisite

These

variety of plants, flowers, and foliage that includes 1,200

characteristics align with the preferences of today's most

species of magnificent orchids, as well as alluring dracaenas,

demanding consumers, highlighted by organic, humane, and

fichus, crotons, and bromeliads."

taste,

and

sustainable

practices.

socially responsible production practices. Also, besides an outstanding offer of products and services, Partners and buyers of Costa Rican fresh products can expect

trade partners benefit from Costa Rica's access to most global

only the highest quality and certified products from an ample

markets through 14 free trade agreements, and ideal

offer of fruits, vegetables, flowers, plants, and foliage.

geographic location.Costa Rican businesses have successfully

Because of its favorable climate, tropical fruits, veggies, and

engaged with buyers in the largest markets in North

plants, traditional or exotic, are available during long crop

America, Europe, and the Middle East.In addition, these

seasons or even all-year-long.

companies have invested and fulfilled strict requirements to become

part

the

recognized

country

"I have had the pleasure of importing from Costa Rica for

brand Essential COSTA RICA, which has an evaluation

about 5 or 6 years now. I find that the communication is open

protocol based on values to which export companies are

and sincere, and the relationships have developed into more

subjected in order to improve their processes and be more

family than business," said Mario Andreani, CEO Katzman

competitive. Essential COSTA RICA has become guarantee

Produce USA. "There is a sense of trust along with a strong

and statement of approval in line with the country's values

work ethic to fulfill expectations for quantities and, most

and standing in the world.

important, quality," he added.

Website: www.esencialcostarica.com/agroindustry PAGE 102

BEYOND THE GREEN: COSTA RICA, LATAM'S TOP HIGH-VALUE-ADDED SERVICES EXPORTER Essential COSTA RICA: This Central American nation has

companies offer a wide range of services. Its stability, telecom

become a top IT hub for digital technologies.

infrastructure, and talented workforce provide international business partners with true value-added services.

As one of the leading ICT countries in America, Costa Rica wants to be seen as the principal trusted partner of tech

"Costa Rica is a regional leader in carrying through R&D

companies in North and South America to leverage digital

innovation from universities into industry, as well as

tools for excellence in customer experience, improved

facilitating collaboration between companies. We're a world-

efficiency, and personalized solutions. For the last few

class business hub at the heart of the Americas, where

years, Costa Rica has become a leading IT hub for digital

collaboration is key and industries reach out and benefit from

technologies mainly due to the multi-talented, bilingual

cross-sector expertise."

workforce with superior skill-sets that attracts international business partners. This has opened an array of opportunities

Costa Rican businesses have successfully engaged with

for service exporters and, as a result, 88% of companies in

specialized companies mainly in North and South America,

this sector already have experience in international markets.

providing solutions in software development, technology commercialization, telecommunications, e-commerce, e-

From the perspective of Catalina Gonzalez, Founding

learning, and digital multimedia, and others. In addition,

Director of Zambranogroup SAS, of Colombia, "Costa Rican

these

companies in the ICT sector are an important source of work,

requirements to become part of the recognized country

with highly qualified professionals and with great command

brand Essential COSTA RICA, which has an evaluation

of English, which fits perfectly as strategic partners for

protocol based on values to which export companies are

Colombian companies interested in representing them in the

subjected in order to improve their processes and be more

Andean market."

competitive. Essential COSTA RICA has become guarantee

companies

have

invested

and

fulfilled

strict

and statement of approval in line with the country's values The CEO of Costa Rica's Export Promotion Agency

and standing in the world.

(PROCOMER), Pedro Beirute, explained that over 900 IT

Website: www.esencialcostarica.com/icts PAGE 103

COSTA RICA SURPRISES AS THE NEW HEALTH SERVICES DESTINATION tourist

qualified, as is the entire staff. Indeed, it was a very easy to

destination also attracts international visitors for its

select Costa Rica after doing our research. We would make

state-of-the-art facilities and bilingual professionals.

the same decision again," explained Michael Parson, a dental

Essential

COSTA

RICA:

This

well-known

patient who arrived from the US. Costa Rica, known and loved for its pristine beaches and lush rainforests as well as its "Pura Vida" lifestyle, has become the

"Quality of health services offered in Costa Rica has to do with

third most popular destination for tourists from North

the bilingual, highly trained professionals, a committed and

America who are also seeking top-of-the-line health and

specialized work force, many graduated from top ranked

dental services at prices that can be 30 to 50 percent more

schools in the US and Europe," underlined the CEO of Costa

affordable.

Rica's Export Promotion Agency (PROCOMER), Pedro Beirute. "The country is the 4th destination in America for the

This breathtaking tropical paradise welcomes fans and

acquisition of medical services, according to the Medical

followers of adventure tourism and sustainability and, at the

Tourism Index, proof of the quality and superior conditions

same time, has also seen a surge of visitors who want to take

offered."

advantage of modern facilities and medical professionals with international expertise that the country offers.

In addition, these service providers have invested and fulfilled

Plus, Costa Rica's geographical location is a significant

strict requirements to become part of the recognized country

advantage: short and direct flights from more than 10 US

brand Essential COSTA RICA, which has an evaluation

cities.

protocol based on values to which export companies are subjected in order to improve their processes and be more

"We selected Costa Rica after careful research. It is now one

competitive. Essential COSTA RICA has become guarantee

of the top five destinations for US patients traveling abroad.

and statement of approval in line with the country's values

All the dentists we considered were US board certified. I was

and standing in the world.

impressed from our first conversation. More than simply being nice and patient focused, they are extremely well

For more information: www.esencialcostarica.com/health PAGE 104

WUXI BIOLOGICS RECEIVES "SPECIAL AWARD TO INVESTORS IN IRELAND" WuXi Biologics a leading global open-access biologics

continue to provide local and global partners with a robust

technology

and premier-quality supply chain network to benefit patients

platform

company

offering

end-to-end

solutions for biologics discovery, development and

worldwide."

manufacturing, announced that it has received the "Special Award to Investors in Ireland" at the 2019 Global

About WuXi Biologics

Business Summit held by Asia Matters, Ireland's only

WuXi Biologics a Hong Kong-listed company, is a leading

dedicated Asia think tank focusing on EU-Asia trade,

global open-access biologics technology platform offering

investment, economics and international relations.

end-to-end solutions to empower organizations to discover, develop and manufacture biologics from concept to

The "Special Award to Investors in Ireland" is intended to

commercial manufacturing. Our company history and

give recognition to a newly established company investing

achievements demonstrate our commitment to providing a

in Ireland, with a view to establishing long term and

truly ONE-stop service offering and strong value proposition

significant contributions to economic growth, employment,

to our global clients. As of June 30, 2019, there were a total of

research and corporate social responsibility (CSR). Following

224 integrated projects, including 106 projects in pre-clinical

last year's investment in the "Factory of the Future" for

development stage, 102 projects in early-phase (phase I and

biologics

Biologics

II) clinical development, 15 projects in late-phase (phase III)

announced a second investment through its subsidiary WuXi

development and one project in commercial manufacturing.

Vaccines last month, to build a new vaccine manufacturing

With

facility at the Dundalk Campus.

production planned in China, Ireland, Singapore, and the U.S.

manufacturing

Dundalk,

WuXi

total

estimated

capacity

for

biopharmaceutical

exceeding 280,000 liters by 2022, we will provide our "We are honored to receive this award from Asia Matters,

biomanufacturing partners with a robust and premier-quality

which demonstrates our significant progress in Ireland," said

global supply chain network.

Dr. Chris Chen, CEO of WuXi Biologics, during his key address at the summit. "Leveraging our strong expertise and

For more information on WuXi Biologics, please visit

capabilities in the fast-growing field of biologics, we will

www.wuxibiologics.com PAGE 105

During a press conference to launch a new digital investments platform, Strong Robert Paterson, founder of Pendulom Capital Limited, shared his views on the opportunities of online investment platforms and alternative investments which do not fall into the 3 major categories: cash, stocks, and bonds. Paterson explained that living in our digital environment, a person's first entry point into investment is likely to be

ALTERNATIVE INVESTMENTS AS THE PATH TO SUCCESS WITH PENDULOM CAPITAL

alternative investments through digital platforms, without the hassles of traditional investments such as filling

3 months ago, Altimates was 'soft launched' to a select few of

forms, lack of transparency, and high transaction fees. He

Pendulom's clients, and the results were promising: 20% of

also noted that after observing the younger generation

these contracts exceeded the Knock Out barrier, netting

and their investment habits, most would prefer quick and

investors a very high, instant return. Paterson noted that these

convenient access from their laptop or phone, and to be

results further solidified the team's belief in their strategy, "…

able to invest their savings into companies they know and

and we owe it to our clients who had the confidence in our

support. This is why Altimates, an online alternative

team, even before the company was fully set up". It was a 5-

investment platform which offers high liquidity and safe,

month ordeal of incorporating Altimates Trading Limited and

blockchain encrypted transactions was created. The

Pendulom Capital Limited in October and November 2019,

platform trades primarily using Twin Win Structured

respectively. The former established in the British Virgin

Notes, previously only available to high net worth

Islands and the latter in Belize, "Not putting all our eggs in one

individuals.

basket", Paterson noted. PAGE 106

THE HIKE MAGAZINE

Pendulom Capital

Keeping with the modern investment environment, Pendulom enhanced the operational aspects of asset management by integrating secure Blockchain technology in their transactions, as well as an intuitive interface displaying comprehensive information. He also revealed the company will launch a revolutionary trading platform capitalising on the potential of Blockchain technology in the 3rd quarter of 2020. When asked about his opinion on the market, Paterson advised a bearish strategy in anticipation of volatile times with a looming threat of recession along with global trade tensions. He further mentions that Initial Public Offerings are doing well, and there are strong returns for IPO investors. The best advice Paterson gives for investors navigating through different investment options is to establish your core objectives in investment and knowing your long-term goals. "Always stay up to date with market knowledge and be prepared for everything." To facilitate their vision of providing easy access to alternative investment opportunities for people from all walks of life, Pendulom decided to forgo all Subscription Fees for investors on the Altimates platform in 2020. Pendulom aims to be managingÂ $5 billionÂ in assets within the next year, launch it's own coin and ICO in Year 3, and ultimately go public in Year 7, being one of the world's largest alternative investment asset management companies.

About Pendulom Capital Ltd. We built a modern investment platform that is highly customisable, catered precisely for you to navigate through the complex financial world towards achieving your goal. The Altimates platform caters to everyone across all backgrounds. We emphasise on providing the tools and services of high net-worth individuals and making them accessible for all.At Pendulom, we believe in the power of big ideas.By investing in the future for today's generation, we can truly bring value and improve everyone's lives through investing. Website: www.pendulom.com PAGE 107

HONDURAS EXPECTS A SIGNIFICANT INCREASE IN PRIVATE INVESTMENT IN 2020 The President of Honduras, Juan Orlando Hernández,

Due to foreign investment, the Honduras Manufacturers

announced that as of January 2020, the country will become

Association (AHM) estimated that next year, the investment in

the destination of new foreign investments as a result of

this sector will be about 410 million dollars.

various agreements reached with investors from different sectors.

In Honduras, the maquila industry mainly consists of companies in the textile, electronic and services. The

The maquila sector is one of the industries that has already

president of the AHM, Mario Canahuati, affirmed that this is a

announced a considerable increase in the investment quota.

very important step in the path towards the industry

Recently, Honduras government and investors of the maquila

consolidation that has been growing by leaps and bounds in

industry signed an agreement that will place Honduras on

recent years, and expressed his gratitude to President

equal terms with neighboring countries and that will

Hernández for the efforts to place Honduras on equal terms

generate around 15,000 new jobs by 2020. The agreement

with neighboring countries (El Salvador, Guatemala and

includes reforms to the Law of Free Trade Zones, aimed at

Nicaragua) since "this allows us to have a good reference to

increasing competitiveness, generating jobs, and providing

sell the country abroad."The maquila is a cornerstone of the

legal security in order to attract new investments, thus

economy of Honduras. It has become one of the main

reaffirming the government´s commitment to boost the

generators of jobs and exports, especially in the northern part

country´s economic development through the creation of

of the country. Currently the maquila sector distributes

jobs. "This is definitely good news for all Hondurans, we are

around 360 million dollars to buy national goods and 162,000

talking about a very attractive package that will generate a

million dollars in salaries.

significant number of new jobs and boost the growth of the maquila industry in Honduras," said President Hernandez.

Website: www.fidehonduras.com PAGE 108

THE BUSINESS OF LEADERSHIP

WORLD BIZ MAGAZINE

www.worldbizmag.com

awards@worldbizmagine.com

ANANTARA DESARU COAST RESORT & VILLAS OPENS ON THE GOLDEN SHORES OF MALAYSIA Anantara Hotels, Resorts & Spas announces the opening of

The 108 key resort is comprised of 90 tastefully decorated en-

the brand's first luxury hotel in Malaysia. Anantara Desaru

suite deluxe rooms in low-rise traditional Malay buildings that

Coast Resort & Villas is ready to welcome discerning

overlook the gardens, lagoon and ocean. They are adorned

travelers to the golden shores of the country's south-

with indigenous materials and fabrics, such as woven textiles,

eastern coastline with authentic luxury and indigenous-

renowned Malaysian wicker elements and silhouettes of

inspired hospitality.

traditional Malay crafts. Thirteen stand-alone double story luxurious one- and two-bedroom pool villas are located around

Anantara Desaru Coast Resort & Villas is located along a

a lagoon. Their design draws heavily from traditional kampong

pristine 17-kilometre beachfront facing the South China Sea, in

houses that are designed to suit the tropical Malaysian climate

a new high-end resort development that offers a range of

with floor-to-ceiling windows, slanted carved wooden panels,

luxury accommodation nestled in lush tropical gardens. Desaru

louvres and vents under the roof, and wide-open doors that

Coast is located in Johor Darul Ta'zim and spans over 16 square

allow natural airflow to cool the interior.

kilometers. It is near Iskandar Malaysia and is easily accessible via a 45-minute drive from Malaysia's Senai International

Five expansive family sized three- and four-bedroom

Airport and a two-hour drive from Singapore. Additionally,

residences, ranging from 288 to 597 square meters, offer guests

visitors from Singapore can travel to Desaru Coast by ferry,

utmost privacy with an infinity pool, spacious contemporary

followed by a short drive.

living areas, full kitchens and chef and butler services. PAGE 110

From cosmopolitan cities to desert sands to lush islands, Anantara connects travelers to the indigenous, grounds them in authentic luxury, and hosts them with passionate expertise.

Additionally, Anantara Desaru Coast Residences' real estate

Anantara Desaru Coast Resort & Villas, Anantara Hotels, Resorts

portfolio comprises a further fifteen luxurious three- and four-

& Spas' first venture into Malaysia, is a joint venture between

bedroom beachfront residences for sale, starting from 1.75

the Bangkok-based international hotel group and its Malaysian

million dollars. Managed and serviced by Anantara Desaru

partner, Themed Attractions Resorts & Hotels Sdn. Bhd.

Coast Resort & Villas, the development offers the option for

(TAR&H), a subsidiary of Khazanah Nasional Berhad.

each owner to participate in a flexible resort-managed rental program and generate investment income when not in-

Commenting on the opening of Anantara Desaru Coast Resort &

residence.

Villas, Mr. Thomas Meier, Minor Hotels' Senior Vice President of Operations – Asia, said that the company is thrilled to be a part

Dining at Anantara Desaru Coast Resort & Villas is a

of one of Malaysia's most anticipated new tourism

gastronomic nod to fresh coastal dining with an array of

developments and to establish it as an international luxury

options ranging from freshly caught seafood to flavors from

destination. "We are all set to offer discerned travellers

across Asia and gourmet international dining, to Dining By

authentic Anantara luxury on Malaysia's golden shores," he

Design, Anantara's private dining experience in exotic locales.

concluded.

Al fresco beachside dining is served with aplomb at the breezy,

Anantara is a luxury hospitality brand for modern travelers,

Sea.Fire.Salt. which specializes in succulent grilled seafood and

connecting them to genuine places, people and stories through

steaks served beachside. The Turmeric restaurant serves

personal experiences, and providing heartfelt hospitality in the

authentic local Malaysian fare and delicious Thai, Chinese and

world's most exciting destinations. The collection of distinct,

international cuisine. The elevated Observatory Bar is set to

thoughtfully designed luxury hotels and resorts provides a

become everyone's favorite hangout spot, enjoying 360-degree

window through which to journey into invigorating new

views of the lush resort and ocean and an extensive range of

territory, curating personal travel experiences.

top wine and spirits, and imported cigars.

From cosmopolitan cities to desert sands to lush islands, Anantara connects travelers to the indigenous, grounds them

Two swimming pools offer refreshing freshwater alternatives to

in authentic luxury, and hosts them with passionate expertise.

the azure ocean waves, while kids and teenagers alike can laze

The portfolio currently boasts 40 stunning hotel and resort

the day away playing the latest high-tech games or partake in

properties located in Thailand, the Maldives, Indonesia, China,,

cross-cultural educational activities in separate dedicated

Vietnam, Cambodia, Malaysia, Sri Lanka, Mauritius, the UAE,

clubs. A signature Anantara Spa and well-appointed health and

Mozambique, Zambia, Qatar, Oman, Portugal, Spain and

fitness center offer wellness fanatics and adrenaline junkies a

Tunisia, with a pipeline of future properties in Asia, the Middle

welcome respite to relax or revive. Attractions in the area

East and Africa.

include The Els Club Desaru Coast, comprised of two beautifully manicured golf courses featuring 45 holes in total.

Website: www.anantara.com/en/desaru-coast PAGE 111

INDONESIA - INVEST IN THE LARGEST ECONOMY IN SOUTHEAST ASIA Indonesia is the largest economy in Southeast Asia with more

large and growing domestic market, combined with an

than one trillion dollars in the Gross Domestic Product (GDP).

improving investment climate and a higher global profile, are

The country has been experiencing rapid economic growth

just a few of Indonesia’s salient strengths.

over the past decade, primarily driven by its 260 million strong population base (4th in the world), robust domestic

With stability firmly planted after 17 years of vibrant

consumption, and increased productivity. Indonesia is a

democratic rule, Indonesia’s vast economic potential is primed

member of G20.

for takeoff. Invest in remarkable Indonesia.

Indonesia is located between the continents of Asia and

Sound Economy: Indonesia is the largest economy in

Australia, and between the Pacific and the Indian Oceans. From

Southeast Asia. In 2018, Indonesia joined the Trillion Dollar

land to sea, Indonesia offers extraordinary destinations and

Club. Countries with a GDP of more than USD 1 trillion per year,

attractions found nowhere else in the world, such as

and the year they joined.

magnificent mountains and pristine beaches. The Government of Indonesia is committed to implement investment-friendly

Political Stability: Underlying Indonesia’s vibrant economy is

policy, from economic deregulation policy to tax incentives.

political stability. Since emerging from decades of autocratic

Indonesia is your investment destination. Abundant natural

rule 17 years ago, Indonesia has succeeded in maintaining

resources, a young and technically trained work force and a

political stability in a young democratic country. PAGE 112

As the largest tropical archipelago located in the heart of Asia, Indonesia is the home to various industries as many resources flourish well in our land. Find the business sector that interests you the most and take one step closer to grow your business in Indonesia.

Investment

Climate:

Following

Indonesia’s

economic

resilience during and after the global financial crisis, the

ies for foreign investors are in: food and beverages, automotive and heavy industry, chemicals and basic metal products.

government are going to continue reforming investment climate to make a safe and attractive investment destination.

Agriculture: If there’s one country that offers the ideal balance between booming food and beverages demand and an

Natural

Resources:

Indonesia

abounds

with

natural

abundance of agricultural and natural resources – it has to be

resources extractions from being a major producer of

Indonesia. South-East Asia’s largest country (and the world’s

liquefied natural gas and expansion of mining industry.

fourth most populous) has long been a global leader in exports

Petroleum and mineral make up majority exports.

of some of agricultural commodities such as palm oil, rubber, cocoa and coffee, as well as livestock. With a rapidly-growing

Demographics: Indonesia is undergoing a major structural

and increasingly discerning middle class eager for new and

shift namely demographic bonus. The percentage of

innovative food products, spurred on with increased consumer

productive age group in 2025-2035 would dominate the

confidence, Indonesia presents international investors with a

population.

vast array of opportunities across the F&B supply chain.

Domestic Market: As the 4th biggest population in the world,

Maritime: The maritime sector provides vital support to

more than 53% of the people live in urban areas with a

coastal economic development, creating employment in fish

modern lifestyle and increasing purchasing power.

catching and in onshore processing, as well several thousand indirect jobs. Indonesia lands approximately 106,000 tonnes of

Global Influence: Indonesia is playing a more dominant role

pole and line caught tuna a year, though it is estimated that

in global affairs. It is Southeast Asia’s only member of the G-20

only 10-20% reaches market labelled as pole and line caught.

and an active voice for developing world’s concerns.

Hence it has been one of the least regulated sub-sectors.

Indonesia has many exciting opportunities for global

Tourism: When it comes to an abundance of natural resources,

investors.

high level of biodiversity, friendly, pluralistic culture,

As the largest tropical archipelago located in the heart of Asia,

democratic society, ethnically diverse, and most notably the

Indonesia is the home to various industries as many resources

world’s largest and greenest archipelago – this sums up

flourish well in our land. Find the business sector that

Indonesia as an idyllic tourism getaway. The country’s 17,508

interests you the most and take one step closer to grow your

islands with a land mass spanning 1,919,440 km2 between the

business in Indonesia.

Indian and the Pacific Oceans*, offer various untapped tourism destinations

and

investment

opportunities,

including

Infrastructure: The Government invites foreign companies to

infrastructure, utilities, transportation, hotels and restaurants

take advantage of investment opportunities in infrastructure.

as well as other leisure and entertainment facilities and retail

Public Private Partnerships (PPPs) continue to be supported

services. With strong government support, rising domestic

to accelerate infrastructure development in areas such as:

disposable income, an increasing number of hotels and airport

transport, power generation, water supply and water

developments, and topped with expanding air transport

management. Read more about railway or airport.

networks and regional low costs carriers, the Indonesian tourism industry offers an abundance of opportunities.

Industry: Industry and Manufacturing are two of the pillars of the Indonesian economy. The sector grouping contributes 24% to GDP and it grew by 6.7% in 2013. The main opportunit-

For more information: www2.bkpm.go.id PAGE 113

SHELL INNOVATIVELY USES PLASTIC WASTE TO PRODUCE CHEMICALS Shell has announced it has successfully made high-end

USA where it was made into chemicals that are the raw

chemicals using a liquid feedstock made from plastic waste.

materials for everyday items. Shell is working with multiple

The technique, known as pyrolysis, is considered a

companies who collect and transform plastic waste in order to

breakthrough for hard-to-recycle plastics and advances

scale this solution to industrial and profitable quantities across

Shell's ambition to use one million tonnes of plastic waste a

its chemicals plants – in Asia, Europe and North America.

year in its global chemicals plants by 2025. Shell is a founding member of the Alliance to End Plastic Waste "This makes sense for the environment and our business,"

(AEPW). This not-for-profit organisation is bringing together

said Thomas Casparie, Executive Vice President of Shell's

top minds from across the plastics value chain (chemical and

global chemicals business. "We want to take waste plastics

plastic manufacturers, consumer goods companies, retailers,

that are tough to recycle by traditional methods and turn them

converters and waste management companies) and partnering

back into chemicals – creating a circle. These chemicals will

with the financial community, governments and civil

meet our customers' growing demands for high quality and

society. The AEPW has committed $1.5 billion over the next five

sustainable products."

years to help end plastic waste in the environment.

Atlanta-based Nexus Fuels LLC recently supplied its first cargo

Shell is also working with its retail, business fuels and

of pyrolysis liquid to Shell's chemical plant in Norco, Louisiana,

lubricants customers to reduce, reuse and recycle packaging. PAGE 114

THE HIKE MAGAZINE

Shell and Nexus Fuels

About Shell - Shell makes chemicals that support modern life. It may not be obvious, but they are used in thousands of products people use every day - from furniture, medical equipment, clothes and refrigerators, to computers and smart phones. Window frames, pipes, roofing, mattresses, vehicle parts and tyres. Packaging, shampoos and fertilisers. These products contribute to society's ability to live, work and play. - Shell manufactures base chemicals - ethylene, propylene and aromatics – using oil and gas as feedstock. We also make intermediates, such as mono ethylene glycol (MEG), polyols and alpha olefins, and certain performance products, such as polyethylene. - Shell's global chemicals business sells around 18 million metric tons of petrochemicals per year to over 1000 industrial customers. - Shell's world-class integrated refining and chemicals plants are in AsiaPacific (Singapore), Europe (the Netherlands), and North America (the US Gulf Coast and Canada).Shell operates three major petrochemical facilities in the USA at Deer Park, Texas; Norco and Geismar in Louisiana; and additional chemicals manufacturing in Canada at Scotford and Sarnia. - We draw strength from being part of an integrated energy company; we benefit from shared infrastructures, access to a variety of feedstocks, and deep manufacturing and processing expertise. This gives Shell a competitive advantage over stand-alone chemicals companies. For more details, visit www.shell.com/chemicals About Nexus Fuels - Nexus profitably converts waste plastics into feedstocks, fuels, waxes and other marketable materials satisfying the demand for renewable alternatives at market-driven prices. - Nexus is currently operating a commercially-scaled 50-ton/day plant serving an array of clients seeking high-quality products. Clients include companies converting Nexus pyrolysis products back to chemicals and others refining these products into fuels. - Nexus is an end-to-end business – not simply a technology - including software, front-end handling, regulatory approvals, training/safety procedures, engineering, logistics and more led by an experienced team and guided by financially-driven metrics. - Operational and economically proven, Nexus has already sold over 75,000 gallons of pyrolysis products to a rapidly growing group of global customers. - Nexus is headquartered in Atlanta, GA. For more details please go to www.nexusfuels.com PAGE 115

BENTELER PLANTS CELEBRATE DECADES OF METAL PROCESSING COMPETENCE - In 2019, twelve BENTELER locations around the world are

only in terms of geographical proximity, but also strategically.

celebrating major anniversaries.

This ensures customers get the best-possible on-the-spot

- Amongst the plant anniversaries are Burgos, Spain (30

support. "Wherever our customers are in the world, we are

years),

there for them," says Birgit Held, Vice President Corporate

Chrastava,

Czech

Republic

(20

years)

and

Chongqing, China (1 year).

Communications/Marketing. "We congratulate our employees

- All plants demonstrate: BENTELER's products originate

in the plants on their anniversaries. We're very proud of their

from the region for the region. This ensures customers get

commitment. Over the years, they have successfully worked to

the best-possible on-the-spot support.

develop BENTELER. As a result of their efforts, we have become a leading global partner of the automotive industry."

Twelve

BENTELER

locations

have

achieved

significant

milestones this year: From Chongqing, China completing its

BENTELER is also a partner for its local communities. At certain

first year of operation to Chrastava, Czech Republic and

locations, the company is one of the largest employers in the

Burgos, Spain reaching their 20th and 30th.

region. BENTELER offers local employee development programs and collaborates with local educational institutions.

Global organization, local support: Each of these plants

In addition, raw materials, goods and services are mainly

demonstrates BENTELER's local-for-local approach – that

purchased locally. In doing so, BENTELER creates added value

means being as close as possible to its business partners. Not

for the respective region. PAGE 116

At these and all other BENTELER locations, customers benefit from more than 140 years of metal processing competence in steel and aluminum. BENTELER uses this broad material expertise to develop cost-efficient and best-in-class manufacturing processes. Today, products from BENTELER can be found in almost every car worldwide. Anniversaries illustrate metal-forming expertise In Burgos, Spain, the BENTELER plant is celebrating its 30th anniversary. BENTELER España in Burgos was the company's first plant outside Germany. It specializes in hot and cold forming, and welding. The plant manufactures up to 16 million chassis and structural components per year. Since it opened, the Burgos employees have processed over 400,000 tons of recycled steel – enough to build 164 Eiffel Towers. About 2000 kilometers away, the Chrastava plant in Czech Republic started production in 1999, manufacturing painted and unpainted components. Over the last 20 years the paint line has coated 23.5 million sq. meters of metal – enough to

About BENTELER

cover the whole of Slovenia.

BENTELER is a global, family-owned company serving customers in automotive technology, the energy sector and

In Kaluga, Russia, the BENTELER plant is celebrating ten years

mechanical engineering. As innovative partner, we design,

of production. In that decade, the module assembly plant has

produce and distribute safety-relevant products, systems and

welded over 4,000 kilometers of metal seams in the

services. In the 2018 financial year, Group revenues were €8.072

manufacture of components. That's almost the distance from

billion. Under the management of the strategic holding

Kaluga to the BENTELER location in Chongqing, China, which

BENTELER International AG, headquartered in Salzburg,

is celebrating its first birthday this year. The plant is

Austria, the Group is organized into the Divisions BENTELER

BENTELER's 15th in China. It produces rear subframes and

Automotive and BENTELER Steel/Tube. Our around 30,000

steering components for a leading Chinese car manufacturer.

employees at 96 locations in 28 countries offer first-class

One year after it opened, the plant has put seven different

manufacturing and distribution competence – all dedicated to

chassis assemblies into production and already delivered its

delivering a first-class service wherever our customers need us.

200,000th component. Placed on top of each other, the stack

BENTELER. The family of driven professionals. Since 1876.

would be four times higher than Mount Everest. Website: www.benteler.com Metal processing competence since 1876 At these and all other BENTELER locations, customers benefit

About BENTELER Automotive

from more than 140 years of metal processing competence in

BENTELER Automotive is the development partner for the

steel and aluminum. BENTELER uses this broad material

world´s leading automobile manufacturers. With around

expertise

best-in-class

26,000 employees and more than 70 plants in about 25

manufacturing processes. Today, products from BENTELER

countries we develop tailored solutions for our customers. Our

can be found in almost every car worldwide. The company's

products include components and modules in the areas of

expertise in metal processing, for example in lightweight

chassis, body, engine and exhaust systems, as well as solutions

construction, will be even more in demand in the future. This

for electric vehicles.

develop

cost-efficient

and

way BENTELER supports its customers in the development of safe and eco-friendly mobility solutions.

Website: www.benteler-automotive.com PAGE 117

INVEST IN OMAN WWW.ITHRAA.OM

WORLD BIZ MAG CEO OF THE YEAR AWARDS 2019 AWARD WINNERS WWW.WORLDBIZMAGAZINE.COM

The annual World Biz Magazine - CEO of the

the candidates to select our deserved 500

Year Awards celebrate exceptional business

finalists for the Top 50 Inspirational CEO's of

leaders globally that are making a significant

the Year that will represent their industries.

mark on their industries. We reward visionary leadership that has the potential to redefine

The winners are selected by an independent

the future of business and its global impact.

panel consisting of elite industry leaders, business analysts and media commentators.

Our research function begins with over

There are 10 companies put forward in each

20,000 companies researched annually. Our

category, the selection of the winner is made.

teams process nominations submitted in the preceding year by our global readership of C-

World Biz Magazine is the furthest-read

Suite

while

business digest with readers in 80 countries.

simultaneously carefully examining industry

Focused on leadership, investment, CSR, FDI

and media reports to identify companies that

and innovation, we serve a core audience of

are innovatively addressing major challenges.

37,000 CEOs and Board Members across the

Our dedicated team of analysts evaluate all

globe with invaluable news and guidance.

leaders

and

entrepreneurs,

WORLD BIZ MAGAZINE- PAGE 2

50 THE BEST OF 2019

SELECTED BY THE READERS OF WORLD BIZ MAGAZINE

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Martin has been an entrepreneur since his early youth. In 2003 he founded Globant together with 3 friends, with the

TOP 50 CEO

MARTIN MIGOYA GLOBANT S.A. USA / LATAM

aim of building a Company leader in the creation of innovative software products. Martín has served as Chairman of the board and Chief Executive Officer since 2005. As Globant CEO, Martín drove the company from a small start-up to an organization

with

than

8300

professionals and presence in the the Americas, Europe and Asia. Today, Globant is working for world class customers such as Google, Electronic

AWARDS

Arts, NatGeo, Southwest Airlines and CEO OF THE YEAR LATIN AMERICAN REGION

Coca Cola, among others. Martin is deeply passionate

about

inspiring

future

entrepreneurs, that´s why he frequently CEO OF THE YEAR DIGITAL TRANSFORMATION

gives lectures at different events and has been on the Endeavor Entrepreneurs panel and La Red Innova. The MIT Sloan School of Management wrote a business case about Globant entitled: “Globant, Leading

the

Revolution

Latin

America”, and invited Martin to give lectures to their MBA students. Harvard and Stanford also wrote business cases to study the company. Globant is the first software development company from Latin America to IPO on the NYSE. www.globant.com

WORLD BIZ MAGAZINE - PAGE 5

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Nicole Eagan is co-CEO of Darktrace. Her extensive career spans 25 years working for Oracle and early to late-stage growth

TOP 50 CEO

NICOLE EAGAN DARKTRACE USA

companies. Named The Stevie Awards ‘Woman of the Year in Technology’ and one of HMG’s ‘Top 100 Technology Executives to Watch’ in 2019, Nicole has introduced disruptive machine learning to enterprises of all sizes. Under her leadership, Darktrace has won over 100 awards and the company has been named one of Fast Company's ‘Most Innovative Companies’, and a CNBC ‘Disruptor 50’.

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Founded in 2013 by mathematicians from CEO OF THE YEAR CYBER-SECURITY INDUSTRY

the

INSPIRATIONAL LEADER AWARD

Cambridge

and

government cyber intelligence experts in the

CEO OF THE YEAR

University US

and

the

UK,

Darktrace

recognized today as the world’s leading AI company for cyber security. Darktrace

headquartered

San

Francisco and Cambridge, UK, with 40 offices

globally

and

over

1,000

employees. It is privately owned, with investors

including

KKR,

Summit

Partners, Vitruvian Partners, Samsung Ventures, TenEleven Ventures, Hoxton Ventures, Talis Capital, Invoke Capital and Insight Venture Partners. www.darktrace.com

WORLD BIZ MAGAZINE - PAGE 6

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Anna-Mieke Anderson is the Founder of MiaDonna & Company, (named after the founder's

TOP 50 CEO

A.M ANDERSON MIADONNA & CO. USA

daughter

Mia

and

mother

Donna). Established in 2005 in Portland, Oregon. the company was born out of Anna-Miekeâ€™s desire to put a modern twist and feminine touch on an industry heavily dominated by men and unethical standards. Anna-Mieke has built a globally admired eco-friendly

jewelry

company

that

continues to push boundaries to create a socially responsible diamond industry. Anna-Mieke has dedicated her life to creating diamonds in a lab environment

AWARDS

that

are

superior

earth-mined

CEO OF THE YEAR

diamonds in every way while helping

JEWELRY INDUSTRY

children caught in the middle of the unethical harvesting of diamonds. The

CEO OF THE YEAR RESPONSIBLE BUSINESS

work Anna-Mieke is doing is capturing attention

around

the

globe.

She

recognized as an environmental and humanitarian activist and has made history

visionary

becoming in

diamond

the

industry.

pioneering

laboratory-grown Her

achievements

have earned her various awards and accolades, and her vision to create labgrown

diamonds,

technology

was

even

before

available,

has

the been

recognized by industry organizations. www.miadonna.com

WORLD BIZ MAGAZINE - PAGE 7

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Nick Cherukuri is the Founder and CEO of ThirdEye, a leader in Mixed Reality for enterprise,

TOP 50 CEO

NICK CHERUKURI THIRDEYE GEN USA

providing

all-in-one

(hardware and software) solution for all industries. While attending the University of Pennsylvania Wharton School earning his bachelor’s degree in Economics and SSE, Nick started an AR/VR club that quickly grew to hundreds of participants. Using his combination of that experience and bringing in talented engineers, Nick created ThirdEye in 2016, which has grown rapidly since. He is an established leader in Augmented and Mixed Reality with multiple patents published in this

AWARDS

field. He has also given many main stage CEO OF THE YEAR

and panel talks about 5G and AR/MR

INNOVATION

including a panel discussion at CES 2019 about AR’s use for entertainment, and a

CEO OF THE YEAR INSPIRATIONAL LEADER AWARD

main stage speech at AWE 2019 about AR/MR for enterprise use. Nick has extensive

leadership

and

technical

experience in AR/MR and how 5G will impact AR/MR. ThirdEye Gen creates the next generation of Smart Glasses and Augmented/

Mixed

Reality

Software.

Smart Glasses bring about a new era of hands-free directly

human

interacting

interaction with

–

via

surrounding

objects or placing digital info into your Field of View. www.thirdeyegen.com

WORLD BIZ MAGAZINE - PAGE 8

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 In

Spring

2013,

13-year-old

Callum

Griffiths started breeding chicks from his parents' cockerel and hen in the garden.

TOP 50 CEO

CALLUM GRIFFITHS CLYDACH GROUP GREAT BRITAIN

Still in education, he'd use his spare time on evenings and weekends to prepare the chickens to sell at a local market. Soon after he realised the profitability, he saved the money up to buy an incubator for his eggs. An investment of a £55 incubator led to the hatch of hundreds of chickens. 18 months after setting out on the venture, 'Clydach Poultry' was becoming a local success story! Breeding over 3,000 chickens a year, Callum was ready for the

AWARDS

next step... Not content with the chickens CEO OF THE YEAR

alone, Callum converted one of the

YOUNG ENTREPRENEUR

stables on the farm into a shop where he began to sell chicken food and supplies.

CEO OF THE YEAR INSPIRATIONAL LEADER AWARD

Today, Clydach is thought to be the fastest growing brand of natural pet food in recent times. Clydach is available in over 300 stores in 12 countries worldwide. The company has won over 13 awards and set the standard for ethics, culture and care in it's sector. He sits on many agricultural and manufacturing boards and committees, and is a Fellow of the Royal Society of Arts, for services to the industry. www.clydachfarmgroup.co.uk

WORLD BIZ MAGAZINE - PAGE 9

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Ghana's Quick Credit & Investment MicroCredit Limited is an innovative Financial Services Company with an experienced

TOP 50 CEO

RICHARD NII QUAYE QUICK CREDIT GHANA

Management Team, highly energized workforce and superior service culture. Over the last decade, Quick Credit has lived its mission of helping people grow their businesses. Quick Angels Ghana invests in both potential and existing Ghanaian startups and entrepreneurs by leveraging it's rich experience, strong business networking and expertise to provide strong financial returns (ROI) to entrepreneurs.

AWARDS

Richard Nii Armah Quaye is a highly CEO OF THE YEAR

successful and experienced entrepreneur

MICRO-FINANCE INDUSTRY

who is seen by many as one of the most promising young stars on the African

CEO OF THE YEAR INSPIRATIONAL LEADER AWARD

business landscape. Richard‟s tenacity is to continue championing creativity in new business developments that will expand the profile of Quick Angels Limited and inspire entrepreneurship and

business

excellence

Ghana.

Richard Nii-Armah Quaye is a seasoned Chartered

Accountant.

His

business

Quick Credit currently employs over 400 Ghanaians and directly gives loans to over 30,000 Ghanaians without collateral or guarantor. www.quickcreditghana.com

WORLD BIZ MAGAZINE - PAGE 10

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Samuel Bistrian grew up in the remote village of Benesti in pre-revolutionary Romania, where he experienced first

TOP 50 CEO

SAMUEL BISTRIAN ROMA BOOTS USA

hand the struggles one faces growing up in poverty. And though Bistrian and his family immigrated to the United States when he was only eight, his parents taught him and his eleven brothers and sisters to never forget their humble beginnings. In 2009 while working at Neiman Marcus he met Blake Mycoskie, founder of TOMS Shoes. Bistrian was inspired by his story and

2010

decided

take

the

experience and knowledge he gained

AWARDS

working in retail fashion and merge it CEO OF THE YEAR

with the humanitarian efforts he held so

FASHION INDUSTRY

close to his heart to create a charity based company that could give back on a

CEO OF THE YEAR INSPIRATIONAL LEADER AWARD

grand scale. ROMA Boots merges fashion with philanthropy to give poverty the boot. It's mission is to bring impoverished children throughout the world hope, love, and lasting change through aid and education. For every pair of boots sold, a new pair is donated to a child in need. ROMA's ultimate goal is not only to provide aid, but to educate. By doing so it empowers impoverished children around the world to break out of the cycle of poverty. www.romaboots.com

WORLD BIZ MAGAZINE - PAGE 11

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 At the helm of the Emterra Group is Emmie Leung who oversees the overall operations,

TOP 50 CEO

EMMIE LEUNG EMTERRA GROUP CANADA

performance

against

key

indicators and growth of the group. Emmie

has

knack

for

finding

opportunities and building on them. She founded

the

original

company,

International Paper Industries (IPI) in 1976 in Vancouver soon after graduating from the University of Manitoba with a BA in Commerce. She got the idea to start collecting used cardboard and other printed papers when she was walking around her Winnipeg neighbourhood one day and noticed that businesses were discarding these valuable resources.

AWARDS

She moved to Vancouver to be closer to CEO OF THE YEAR

core transportation hubs and from that

RECYCLING INDUSTRY

point on she has been a pioneer in the recycling and waste diversion industry.

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

Emterra Group is a company of four divisions

offering

municipal

and

industrial, commercial and institutional customers a fully integrated approach to collecting, processing and marketing: Printed Paper and Packaging, Used and Scrap Tires, Stale-dated and Unsaleable Products. We bring innovation, commitm ent and plain old hard work to the task of developing

and

managing

collection and resource recovery. www.emterra.ca

WORLD BIZ MAGAZINE - PAGE 12

material

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 We believe most businesses can receive a better

outcome

form

their

contract

manufacturing projects. That’s why we

TOP 50 CEO

J. PROVENZANO MAKERS NUTRITION USA

formed Makers Nutrition.® Our objective is to make the supplement manufacturing process straightforward for our customers. Most projects are stopand-go

because

limited

services

available. This is what separates Makers Nutrition from the crowd—we do it all! Makers Nutrition is structured for success with a team of professionals specializing in

customer

service,

production

management, quality control, graphic

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design,

information

tech,

laboratory

CEO OF THE YEAR

science, research, and development. You

CONTRACT MANUFACTURING INDUSTRY

will not find a one-stop shop supplement manufacturer with as much efficiency,

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

proficiency, and productivity. With our aggressive pricing, highest quality, and unbeatable services, we offer the best value in supplement manufacturing. We emphasize service, product quality, and efficiency. To be competitive in the nutraceutical

manufacturing

industry

today means having the ability to deliver a rewarding service experience. Our staff is

trained

listen

attentively

customers and communicate effectively. www.makersnutrition.com

WORLD BIZ MAGAZINE - PAGE 13

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Mr. Hiroshi Geshiro has been serving as Executive

President,

President

and

Representative Director in DAIFUKU CO.,

TOP 50 CEO

HIROSHI GESHIRO DAIFUKU JAPAN

LTD. since April 2018. He joined the Company in April 1983. His previous titles include

Executive

Officer,

Managing

Executive Officer, Chief Director of Sales in FA & DA Business Unit, Manager of FA & DA Business, Director of FA & DA Business and Chief Director of Global in FA & DA Business Unit. Daifuku Co., Ltd. provides consulting, engineering,

design,

manufacture,

installation, and after-sales services for logistics systems and material handling

AWARDS

equipment in Japan and internationally.. CEO OF THE YEAR MATERIAL HANDLING INDUSTRY

Based on its industry leading material handling

technologies,

Daifuku

has

pursued streamlined logistics in the CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

manufacturing, distribution, and service industries and has grown into one of the world's

leading

material

handling

systems provider. Capitalizing on the wealth of technologies and knowledge accumulated

through

our

global

development, we aim to become a Value Innovator that provides customers with optimal and best solutions to enhance their

competitive

advantage.

Daifuku

continuously innovates to revolutionize tomorrow. www.daifuku.com

WORLD BIZ MAGAZINE - PAGE 14

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Permodalan Nasional Berhad (PNB) is one of the largest fund management companies in Malaysia with assets under

TOP 50 CEO

JALIL RASHEED PNB MALAYSIA MALAYSIA

management (AUM) exceeding RM300 billion. PNB's portfolio covers strategic investments in leading corporates, global equities, private investments and real estate.

Permodalan

Nasional

Berhad

(PNB) was established on 17 March 1978 as

one

the

Government's

instruments

New

Economic

the

Policy

(NEP). Over the last four decades, PNB has grown to become one of the largest fund

management

Malaysia.

Staying

companies focused

in our

mandate, we strive to enrich the lives of

AWARDS

Bumiputeras and all Malaysians for the CEO OF THE YEAR

prosperity of the nation.

FUND MANAGEMENT INDUSTRY

The value of investment goes beyond CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

creating wealth - it is about creating things that matter. Because for millions of people every day, we are more than skyscrapers, more than just numbers, more than money. We see ourselves through

the

individuals,

people the

serve.

businesses,

The the

communities and our nation. For them it is about what we do, and the value that we bring to the community. And who we are that forms the capital that creates lasting change. www.pnb.com.my

WORLD BIZ MAGAZINE - PAGE 15

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Kieran is the CEO and Co-Founder of Textio, the augmented writing platform. For anything you write, Textio tells you

TOP 50 CEO

KIERAN SNYDER TEXTIO USA

ahead of time who’s going to respond based on the language you’ve used. Textio’s augmented writing engine is designed to attach to any large text corpus

with

outcomes

find

the

patterns that work. Prior to founding Textio, Kieran held product leadership roles at Microsoft and Amazon. Kieran has

PhD

linguistics

from

the

University of Pennsylvania. Her work has appeared in Fortune, Re/code, Slate, and the Washington Post. Your words reveal

AWARDS

you. The way you write changes how CEO OF THE YEAR

people read you, and how they react.

DATA SCIENCE INDUSTRY

Language creates culture, and it can change the future. What if you could

CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

write that future? No more staring at a blank page, struggling for the perfect phrase. Just put down your thoughts, and the

words

write

themselves.

Your

language becomes the best version of you. Welcome to augmented writing. If people don’t respond to your emails or apply to your job ads, you can’t hire them. Textio Hire gives you the words you need to attract the people you want to hire, using language that reflects the very best of your values and culture. www.textio.com

WORLD BIZ MAGAZINE - PAGE 16

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Dr. R. Seetharaman, CEO of Doha Bank, is a prominent personality in the banking industry throughout the Middle East, an

TOP 50 CEO

R. SEETHARAMAN DOHA BANK QATAR

economic expert who has achieved recognition for his major contributions to Banking, Trade, Investment, Economics, Environment, Social responsibility, and his Philanthropy work. He is a Chartered Accountant and holds certificates in IT systems and Corporate Management, and achieved a Gold medal standard in his graduation Bachelor of Commerce. He is a recipient of multiple doctorates from leading universities globally. A leading top-tier Bank CEO, he has

AWARDS

transformed Doha Bank into one of the CEO OF THE YEAR

best performing Banks in the Middle East

BANKING INDUSTRY

region. He is a high profile economist and is

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

regularly

invited

by international

media such as BBC, CNN, FOX, CNBC, Sky News, ABC and Bloomberg to share his views. Doha Bank is one of the largest banks in the State of Qatar and has been consistently registered strong growth. Inaugurated in 1979, Doha Bank provides domestic and international banking servi ces for individuals, commercial, corporate and institutional clients. Doha bank has a strong network of international branches. www.dohabank.qa

WORLD BIZ MAGAZINE - PAGE 17

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 James Buskowitz has been leading the Buskowitz Group Infrastructure Development, Renewable Energy and Financing

TOP 50 CEO

JAMES BUSKOWITZ BUSKOWITZ GROUP PHILIPPINES

& Investment arm since its inception and has

founded

several

successful

businesses such as Energy Renewables Asia, Inc., Buskowitz Development Inc. and Buskowitz Finance Inc. Within only one year, James was able to establish a strong renewable energy portfolio and acquire over 20% market share within the Renewable Energy sector in the Philippines, more specifically in the Solar Photovoltaic (PV) Rooftops. James' view in developing a large renewable asset and infrastructure base is not only for its

AWARDS

own

development

interests

but

CEO OF THE YEAR

contribute to the low carbon future

RENEWABLE ENERGY INDUSTRY

initiative while servicing the growing energy demand challenges facing the

CEO OF THE YEAR INSPIRATIONAL LEADER AWARD

Philippines and the South East Asia region. James specializes on Project & Corporate Finance, M&A / Investment management; and is also heavily involved in all property aspects including land acquisition, construction, planning and design and asset management. The Buskowitz Group of companies has over 30 years of experience in providing a range of industry leading solutions and services for its highly valued clients. www.buskowitz.com

WORLD BIZ MAGAZINE - PAGE 18

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Ms Lum is the Executive Chairman and Group Chief Executive Officer of Hyflux. Ms Lum started corporate life as a

TOP 50 CEO OLIVIA LUM HYFLUX SINGAPORE

chemist with Glaxo Pharmaceutical and left in 1989 to start up Hydrochem (S) Pte Ltd,

the

precursor

Hyflux

Ltd.

Managing the Group for more than 25 years now, Ms Lum is the driving force behind Hyflux's growth and business expansion, and is responsible for policy and strategy formulation as well as corporate direction. A former Nominated Member of the Singapore Parliament, Ms Lum is currently a member of the many national

and

international

business

councils. She also sits on the boards of

AWARDS

International

Enterprise

Singapore,

CEO OF THE YEAR

Singapore Technologies Engineering Ltd

WATER INDUSTRY

and Singapore Mediation Centre.

CEO OF THE YEAR

Ms Lum has received many accolades for

INDUSTRY LEADER AWARD

her

entrepreneurial

including

the

achievements

Nikkei

Asia

Prize

for

Regional Growth 2006, the Ernst & Young World Entrepreneur Of The Year 2011 and the

Financial

Times

ArcelorMittal

Boldness in Business Award 2011 for Entrepreneurship.

Lum

holds

Honours degree in Chemistry from the National University of Singapore. Hyflux is a global leader in sustainable solutions, focusing on water and energy. www.hyflux.com

WORLD BIZ MAGAZINE - PAGE 19

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 With more than 20 years of experience managing, health

TOP 50 CEO

CHUCK RUNYON S.E BRANDS USA

owning

clubs,

distinguished

and

Chuck himself

franchising

Runyon as

has

leading

authority in the field of fitness. Runyon revolutionized the fitness industry when he and Dave Mortensen co-founded Anytime Fitness – an alternative to bigbox

gyms

expensive

which “frills”

typically

that

few

feature members

actually use or need. In contrast, Runyon and

Mortensen

neighbourhood

designed clubs

smaller,

featuring

the

things members want most. Improving the self-esteem of the world.

AWARDS

That’s the lofty goal of Self Esteem CEO OF THE YEAR

Brands, the parent company of Anytime

FITNESS INDUSTRY

Fitness (the world’s #1 “Top Global” franchise) and Waxing The City, another

CEO OF THE YEAR INDUSTRY LEADER AWARD

award-winning franchise poised for rapid expansion. Self Esteem Brands is also the parent company to affiliates Provision Security Solutions, Healthy Contributions, PumpOne and Franchise Real Estate. With the vision of improving the selfesteem of the world at its core, Self Esteem Brands seeks to enrich the lives of all of those who interact with our companies in nearly 30 countries on five continents worldwide. www.sebrands.com

WORLD BIZ MAGAZINE - PAGE 20

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Valentine Ozigbo is the President/ CEO of Transnational Corporation Nigeria. Prior to this, he was the MD/CEO of Transcorp

TOP 50 CEO

VALENTINE OZIGBO TRANSCORP LTD. NIGERIA

Hotels Plc. owner of theTranscorp Hilton Abuja and Transcorp Hotels Calabar both in Nigeria. He is abanker and accountant with

over

commercial,

years’

experience

retail,investment

in and

international banking. Valentine is a graduate of Lancaster University, UK where he bagged aDistinction in M.Sc Finance. He also has an MBA in Banking & Finance and aB.Sc in Accounting both from the University of Nigeria (UNN). Transnational Corporation of Nigeria Plc

AWARDS

is a leading diversified conglomerate. We CEO OF THE YEAR POWER GENERATION INDUSTRY

focus

acquiring

and

managing

strategic businesses that create long term shareholder returns and socio-

CEO OF THE YEAR AFRICA AWARD

economic impact. Our business interests are in four strategic sectors: Power, Energy,

Hospitality

and

Agriculture.

Transcorp has a shareholder base of about 300,000 investors, the largest of which is Heirs Holdings Limited, a panAfrican proprietary investment company. Our

notable

businesses

include

the

award-winning Transcorp Hilton Hotel, Abuja; Transcorp Hotels, Calabar; Teragro Commodities Limited, Transcorp Power and Transcorp Energy Limited. www.transcorpnigeria.com

WORLD BIZ MAGAZINE - PAGE 21

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Pelaburan Hartanah Berhad (PHB) is a real estate investment holding company, a wholly owned operating subsidiary of

TOP 50 CEO

MAHMUD FAUZI PHB MALAYSIA MALAYSIA

Yayasan Amanah Hartanah Bumiputera. It was established on 8 May 2006 with the aim to boost Bumiputera ownership of prime commercial real estate assets in Malaysia.

Its

key

delivery

vehicle

Amanah Hartanah Bumiputera, which is a shariah-compliant unit trust fund. PHBâ€™s core business is to strategically acquire and develop properties at prime locations in Malaysia and to share the benefits

AWARDS

ownership

therefrom

via

issuance of trust units to Bumiputera CEO OF THE YEAR

community through Amanah Hartanah

REGIONAL INVESTMENT INDUSTRY

Bumiputera (AHB). To realise the vision PHB has been actively and prudently

CEO OF THE YEAR STRATEGIC VISION AWARD

acquiring prime commercial real estates in major cities around Malaysia. To date, PHB has been accumulated property assets worth more than RM5.8 billion. Before been appointed CEO of PHB, Mahmud Fauzi, had been the Chief Operating Officer since 2007. Prior to joining PHB, Mahmud Fauzi worked for Khazanah

Nasional

Peninsular

Bhd

Plantations Bhd. www.phb.com.my

WORLD BIZ MAGAZINE - PAGE 22

and

Bhd,

Island

Golden

Hope

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Mantu is an international group providing guidance and services to businesses and entrepreneurs. It has more than 6,500

TOP 50 CEO

OLIVIER BROURHANT MANTU FRANCE

people from 95 different nationalities, spread across 5 continents and more than 55 countries. Mantu stands beside businesses and entrepreneurs to help them fulfil their dreams, achieve their ambitions and realize their projects. Mantu bolsters their growth, enables their development and supports their transformation. A key trait shared by all successful,

future-proof

businesses

their ability to adapt to change in real time, anticipate change even, and to always remain at the cutting edge of

AWARDS

innovation.The

boldness,

agility

and

CEO OF THE YEAR

flexibility that were always at the heart of

LEADERSHIP ADVISORY INDUSTRY

our model, part of our DNA as a company, are the defining qualities of tomorrowâ€™s

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

business champions. Prior to Mantu, Olivier has held a variety of

leadership

Associate

roles:

Director

Manager within

and Altran

Technologies and Management Program Director and Country Manager at Alten. Olivier

INSA

Lyon

School

Engineering graduate and an EM LYON Business School MBA holder. Olivier has received the prestigious EY entrepreneur of the year 2016 award. www.mantu.com

WORLD BIZ MAGAZINE - PAGE 23

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Dave founded Cloud Cruiser in 2009 to create the industry’s first solution to meter and manage cloud usage and

TOP 50 CEO

DAVE ZABROWSKI DATACORE USA

costs. The company has grown to be the recognized

leader

delivering

unique

offerings to take full advantage of the low cost promise of the cloud for enterprises and service providers worldwide. Prior to Cloud Cruiser Dave spent 16 years with HP where he was VP and General Manager of the Enterprise Computer Organization. Prior, he was GM of several successful start-up businesses at HP, including growing the retail notebook PC revenue from zero to $1B in three years. Dave was elected a Corporate VP by HP’s

AWARDS

board of directors at the age of 33, at the CEO OF THE YEAR

time the youngest in the history of the

TECHNOLOGY LEADERSHIP AWARD

company. After leaving HP, Dave was CEO of Neterion where he led the

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

company from an early start-up to the market

leader

networking

virtualization and secured OEM contracts with HP, IBM, EMC, Hitachi and Fujitsu. Dave earned a Bachelor of Science degree in Electrical Engineering from Purdue and an MBA from UCLA. DataCore bridges the gap between the enterprise’s need to achieve real-time business and to leverage current and future IT assets to maximize utilization. www.datacore.com

WORLD BIZ MAGAZINE - PAGE 24

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Michel Vounatsos is CEO of Biogen. He joined Biogen in 2016 as Executive Vice President, Chief Commercial Officer after

TOP 50 CEO

MICHEL VOUNATSOS BIOGEN GMBH SWITZERLAND

a 20 year career at Merck. While at Merck, he held leadership positions of increasing responsibility in Europe, China, and the U.S., driving significant and consistent growth

across

multiple

geographies.

Most recently, he served as President, Primary Care Business Line and Merck Customer

Centricity

leading

Merck’s

global primary care business unit, a role which encompassed Merck’s cardiologymetabolic, general medicine, women’s health

and

biosimilars

groups,

and

developed and instituted a strategic

AWARDS

framework for enhancing the company’s CEO OF THE YEAR BIOTECH INDUSTRY

relationships

with

key

constituents,

including providers, payers and retailers and governmental bodies throughout the

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

world. Earlier in his career, Mr. Vounatsos held management positions at CibaGeigy. Mr. Vounatsos received his C.S.C.T. certificate

Medicine

from

the

Universite Victor Segalen, Bordeaux II, France, and his M.B.A. from the HEC School of Management in Paris. At Biogen, we develop, market and manufacture therapies for people living with serious neurological, autoimmune and rare diseases. www.biogen.com

WORLD BIZ MAGAZINE - PAGE 25

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 At Helsinn, our vision is to help people with cancer get the most out of every day.

TOP 50 CEO

GABRIELE BRAGLIA HELSINN S.A SWITZERLAND

are

committed

making

everything we do — from the products we choose

license

the

exacting

standards we apply as a pharmaceutical manufacturer— count towards the best supportive care for cancer patients. For over 40 years, Helsinn has followed its core values of quality, integrity and respect, to grow into an international business committed to improving the lives of people with cancer Helsinn is headquartered in Lugano, Switzerland. The company has a global presence with a 360° approach of quality, state-of-the-

AWARDS

art CEO OF THE YEAR HEALTHCARE INDUSTRY CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

R&D

and

world-class

production

facilities in Switzerland and Ireland and a growing presence in the USA and China. "When my father, Dr. Gabriele Braglia, founded Helsinn in 1976, he had a simple pharmaceutical

licensing

business

mind. Now, over 40 years later, we’ve grown

over

700

committed

employees, and around 80 commercial and marketing partners, that are helping us create a large portfolio of cancer-care therapies. As we move forward, we will never forget our fundamental objective: to build better todays for every person affected by cancer." Riccardo Braglia,. www.helsinn.com

WORLD BIZ MAGAZINE - PAGE 26

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Whether you’re a big pharma company outsourcing

key

stage

your

production or a small to medium sized

TOP 50 CEO

THOMAS ELDERED RECIPHARM AB SWEDEN

specialty firm seeking support in the development, transfer and production of a product, we’re a reliable option. By helping to manage the complexity of processes

and

projects,

reduce

the risk for our clients. Our company unites over 20 facilities across 10 different countries, offering a range of services across two areas: Development and Technology - We offer pharmaceutical

AWARDS

from CEO OF THE YEAR PHARMA MANUFACTURING INDUSTRY

seven

drawing

development

of our a

range

global of

services facilities,

proprietary

technologies and intellectual property (IP). We have four Centres of Excellence

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

focused on drug substances, inhalation products,

oral

solids

and

analytical

services. Manufacturing - We offer seamless tech transfer from our development facilities and provide commercial supply of a wide range of formulations including semisolids,

solids,

steriles

and

inhalation

technologies. The business area consists of two segments: Steriles &Inhalation and Solids & Others. www.recipharm.com

WORLD BIZ MAGAZINE - PAGE 27

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 TRASCO Bremen GmbH is one of the world's leading commercial armoured vehicle providers, which has a rich history

TOP 50 CEO

SERGEJ LIZUN TRASCO BREMEN GERMANY

spanning over 35 years and is specialized in OEM supplying projects, armoured limousines, for

sedans

governmental

and

SUVs

commercial

clients. The brand is synonymous with the most advanced armored vehicles and individually tailored motor cars made in Germany. Our philosophy is to serve our international

clients

with

the

best

technology based on globally renowned German craftsmanship and the most reliable processes within the industry. AWARDS

Committed to excellence. For more than CEO OF THE YEAR

three and a half decades, armored

AUTOMOBILE INDUSTRY

vehicles build in Bremen-Germany have embodied the individual requirements of

CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

international clients in need of mobile security – by converting SUV´s, sedans and luxury limousines into the most secure vehicles. Our know-how lies in making

things

already

perfect

even

better. This

manifested

wealth

innovative German craftsmanship, our reliable armored

designs, steel work,

mechatronics, as well as our functional interior designs. www.trasco-bremen.de

WORLD BIZ MAGAZINE - PAGE 28

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 What originally started as a forge back in 1705 is now a global company with outstanding, comprehensive experience

TOP 50 CEO

LOTHAR HOLDER GOLDHOFER AG GERMANY

and powers of innovation. Every day we now forge plans to develop extremely robust and intelligent solutions for onroad, off-road and airport operations for heavy-duty transport and special cargo haulage. We are well known worldwide with our international reputation for effective solutions in the challenging field of heavy-duty and special transport. Our uncompromising,

application-oriented

vehicle design is combined with the highest-possible quality manufacturing as well as our customer-oriented sales

AWARDS

and service. CEO OF THE YEAR AUTOMOBILE OEM INDUSTRY

The results are vehicles which are finely tuned

CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

for

your

intended

utilization.

Manufacturing based on the highestpossible technological standards with the

objective

provide

extremely

economical and highly reliable use in use. No matter how long and heavy the load or how complicated the job, we keep things moving. Goldhofer has maintained its

standing

the

face

global

competition for generations. Our drive is not only to consolidate this position, also at a time of global economic challenges, rather to expand it further. www.goldhofer.com

WORLD BIZ MAGAZINE - PAGE 29

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Aspen Avionics’ President and CEO, John Uczekaj, has over 35 years of experience in the avionics industry, starting out as an

TOP 50 CEO

JOHN UCZEKAJ ASPEN AVIONICS USA

engineer at Boeing and moving into key management positions at Sperry and Honeywell. While at Honeywell, John was made executive vice president and general manager of the Aerospace Electronics Systems division. Immediately prior to joining Aspen, John was president and COO

The

received

NORDAM

the

Group.

Aviation

John

Industry

Entrepreneur of the Year in 2012 from the Living Legends of Aviation and was inducted into the Living Legends of

AWARDS

Aviation in 2013. CEO OF THE YEAR AVIATION INDUSTRY

He is a member of the Board of Directors of the General Aviation Manufacturers

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

Association (GAMA). Mr. Uczekaj holds a Bachelor of Science in Electrical and Computer

Engineering

from

Oregon

State University and an MBA from City University, Seattle, Washington. John is an instrument rated private pilot. Aspen Avionics, based in Albuquerque, New Mexico,

was

enthusiasts

specializes

founded 2004.

aviation

Aspen

Avionics

bringing

the

most

advanced technology and capability into General Aviation cockpits—and budgets. www.aspenavionics.com

WORLD BIZ MAGAZINE - PAGE 30

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Utopia is a world leading text analytics expert. Based on artificial intelligence, data mining and machine learning, our

TOP 50 CEO

MARI. S PAUKKERI UTOPIA ANALYTICS FINLAND

text analytics tool provides user-friendly, intuitive and time-saving shortcuts for a wide

variety

text

classification,

clustering and documentation needs. Utopia Analytics provides the finest AI services on the planet. Our vision is to change the way user-generated content is used and managed. Utopia Analytics is comprised of text analytics, software

artificial

intelligence

development

experts.

and With

several doctoral scientists and masters-

AWARDS

level professionals in our team, our CEO OF THE YEAR

heritage is solidly rooted in a background

ARTIFICIAL INTELLIGENCE INDUSTRY

of academic research. Our experience in data science, business intelligence and

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

computational linguistics allows us to turn your user-generated content into measurable results for your business. Our customers enjoy better quality of social content,

increased

engagement

and

improved conversion. We provide tools and services that enable our customers to analyse text content automatically. With the help of text analytics, data mining and machine learning, our tools are automated, fully customizable and easy to implement – all powered by Utopia AI. www.utopiaanalytics.com

WORLD BIZ MAGAZINE - PAGE 31

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Quah Ley Hoon is the CEO of Maritime and Port Authority of Singapore. Prior to this, she was with MediaCorp as Chief

TOP 50 CEO

QUAH LEY HOON MPA SINGAPORE SINGAPORE

Editor in Channel NewsAsia. She has more than 12 years of work experience in the public sector ranging from economic policies to environmental and social policies, including the US - Singapore Free Trade Agreement, UN Framework Convention on Climate Change, and the National Population Secretariat. Ley Hoon is on the board of Energy Market Authority, Movement for the Intellectually

Disabled

Singapore

(MIND), National University ofÂ Tropical

AWARDS

Marine Science Institute and Centre for CEO OF THE YEAR

Maritime Studies, Singapore Maritime

MARITIME AND PORTS INDUSTRY

Arbitration Chamber, Singapore Maritime Foundation, Singapore Maritime Institute,

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

and the Technology Centre for Offshore and Marine. She graduated with a MBA from IMD Business School in Switzerland in 2010, and a Masters in Economics from the University of Pantheon Sorbonne, France in 2000. She also holds a degree on

Psychology

from

University

Southern Queensland. MPA is the driving force behind Singapore's port/ maritime development, taking on the roles of Port Authority, Port Regulator, Port Planner, IMC Champion, and Maritime Rep. www.mpa.gov.sg

WORLD BIZ MAGAZINE - PAGE 32

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 'I am extremely proud of "our" family business, our people and our products. Entrepreneurship is in our genes and we

TOP 50 CEO

WARDEN ZUKETTO FARM FRITES NETHERLANDS

stimulate this every day, making mistakes must be possible! We work together on the basis of trust, respect and listening to colleagues is key. We feel that we're the owner of our tasks and take the responsibility that goes with it. All this leads to a great result! Friends, Fries and Fun, that's what I'm going for.' Warden Zuketto, CEO. Farm Frites was founded in 1971, built on

AWARDS

sound rural

values such

as purity,

authenticity,

family and agricultural

CEO OF THE YEAR

ability. As a company, we care for the

FOOD AND SNACKS INDUSTRY

natural environment and the extended communities around us, and strive to

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

serve

the

consumers,

interests farmers,

customers,

employees

and

neighbours. For over 45 years we have invested in development,

breeding,

selection,

processing and packaging of potato products

and

today

are

proud

be world experts. We are driven by the philosophy that quality always comes first and that a delighted customer is our best ambassador. www.farmfrites.com

WORLD BIZ MAGAZINE - PAGE 33

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Praveen Ghanta is responsible for the

TOP 50 CEO

PRAVEEN GHANTA HIDDENLEVERS USA

HiddenLevers

engine

and

development.

Praveen

has

background

financial

product a

deep

technology,

having built credit derivatives trading and

risk

management

systems

Deutsche Bank. Previously, he founded and led SmartWorkGroups, an online collaboration startup, until its acquisition by Intralinks (NYSE:IL) in July 2000. Praveen authors truecostblog.com, which looks at economics and government policy through the lens of cost-benefit analysis, and also serves on the Board of Councilors for the Carter Center. He is a graduate of the Massachusetts Institute

AWARDS

of Technology with Bachelor’s degrees in CEO OF THE YEAR FINANCIAL TECHNOLOGY INDUSTRY CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

computer science and economics, and a Master’s degree in computer science. HiddenLevers provides next level apps for the wealth management space. With over $500 billion in assets on our platform,

HiddenLevers

offers

client-

facing and home office solutions aimed at executives, financial advisors, asset managers, and portfolio managers. The cloud-based platform includes a cuttingedge macro-scenario library, portfolio stress

testing,

investment

model

proposal

construction,

generation,

and

enterprise risk and revenue monitoring. www.hiddenlevers.com

WORLD BIZ MAGAZINE - PAGE 34

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Steve Booth is President & CEO and a member of the board of directors of Baird Financial Group and affiliated entities.

TOP 50 CEO

STEVE BOOTH BAIRD FINANCIAL USA

Steve Booth joined Bairdâ€™s Investment Banking group in 1994, went on to lead its Industrial and Global M&A teams and, in 2004,

became

head

Investment

Banking, a position he held until January 2014. Steve was named Chief Operating Officer of Baird in early 2013, became President & COO in 2014 and CEO in 2016. Prior to joining Baird, Steve was at Kidder, Peabody & Co. in its Chicago Corporate Finance Office. Steve received his MBA degree

AWARDS

from

the

Kellogg

School

Management at Northwestern University CEO OF THE YEAR WEALTH MANAGEMENT INDUSTRY

and

holds

Bachelor

Business

Administration in finance and a Bachelor of Arts in economics from Southern

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

Methodist University. He serves on the Board of Directors of The Water Council, the United Performing Arts Fund, United Way of Greater Milwaukee and Waukesha County, and the Carmen School of Science

and

Technology.

Steve

also

serves on the Executive Board of Dedman College of Humanities and Sciences at SMU, the Executive Board of the Cox School of Business at SMU, and the Board of Regents of the Milwaukee School of Engineering. www.rwbaird.com

WORLD BIZ MAGAZINE - PAGE 35

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Internationally

recognised

expert

microbial biofuel production, particularly biobutanol. Professor Tangney is Director

TOP 50 CEO

MARTIN TANGNEY CELTIC RENEWABLES GREAT BRITAIN

the

Biofuel

Edinburgh

Research

Napier

Centre

University,

which

conducted the innovative research to develop the fermentation technology being

commercialised

Celtic

Renewables. Martin advises the Scottish Government on biofuels, and represents the government on its MOU with India on Renewable Energy. Martin is a prominent international speaker in the biofuel area and regularly features in the media, and his international profile, domain expertise and connections will be hugely beneficial

AWARDS

to Celtic Renewables Ltd. CEO OF THE YEAR RENEWABLE ENERGY INDUSTRY

Celtic Renewables Ltd is an innovative start-up

CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

company

formed

commercialise a process for producing a superior next generation biofuel and other high value sustainable products, from

the

industries.

by-products The

company

biological has

been

adopted as a client by the Scottish Enterprise High Growth Start-up Unit, who recognise this as an SME with potential for an industry of scale. The company also carries the support of the Scottish Whisky Association and the Government. www.celtic-renewables.com

WORLD BIZ MAGAZINE - PAGE 36

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 At

Tetakawi

(formerly

The

Offshore

Group), our mission is to provide our clients, employees and communities, the

TOP 50 CEO

LUIS F SELDNER III TETAKAWI MEXICO

means

reach

their

maximum

potential. We do that by creating worldclass building making

manufacturing innovative a

positive

environments, teams, impact

and

the

communities where we operate. In 2019, we began our 33rd year in business with the consolidation of all of our brands into one: Tetakawi. With 24,000 employees in Mexico and the U.S., 75 client companies from around the world, the major launch of 2 new

AWARDS

manufacturing communities in Mexico, CEO OF THE YEAR

and new product offerings, Tetakawi

OFFSHORE MANUFACTURING INDUSTRY

embodies the strengths and experience that companies have come to rely on

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

through our traditional brand names â€“ The Offshore Group, Maquilas Teta Kawi, Manufacturas

Zapaliname

and

The

Offshore Group Bajio. Under our new Tetakawi branding, we will continue to provide the top tier expertise and service you expect, while creating a unified, streamlined experience for helping your company launch, operate, and thrive in Mexico.

Tetakawi

has

been

helping

companies, employees, and communities reach their potential in Mexico since 1986. www.tetakawi.com

WORLD BIZ MAGAZINE - PAGE 37

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Duangjai Asawachintachit, the Secretary General

the

Thailand

Board

Investment (BOI), was promoted to the

TOP 50 CEO

D. ASAWACHINTACHIT THAILAND B.O.I THAILAND

position in October of 2017 after having served as a Deputy Secretary General of the BOI for seven years, and as Assistant Secretary General for two years. She first joined the BOI in 1984, working in the Project Development Division. Between 1987 and 1989, she took a leave of absence to pursue her Master’s degree. Upon

her

return,

she

was

the

International Affairs division, where she became the Chief of the North American and Multilateral Affairs Section, and later Chief of the Overseas Investment Unit.

AWARDS CEO OF THE YEAR

In 1998, she was promoted to become the

INVESTMENT PROMOTION INDUSTRY

Assistant Director of the International Affairs Division, and in 2000, became

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

Director of the BOI’s Paris Office where she was responsible for attracting inward investments

from

Portugal,

Spain,

Switzerland, France and the Benelux countries. Prior to her promotion to the position of the BOI’s Assistant Secretary General, she was the Director of the BOI's Investment Marketing Bureau from 2005 until 2008. Ms. Asawachintachit earned her Bachelor of Arts from Chulalongkorn University, and MBA in finance and business from Indiana University, USA. www.boi.go.th

WORLD BIZ MAGAZINE - PAGE 38

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Jorge Cortell: Serial entrepreneur (x8); Oxford (Computing), MIT (Entrepreneur); Formerly: pro basketball player; visiting

TOP 50 CEO

JORGE CORTELL KANTERON SYSTEMS SPAIN

professor; European Union Expert on Social Investment. Kanteron Systems is a privately held Healthcare

Information

Technology

â€“

Computational Bioinformatics company founded in 2005 that helps healthcare providers manage imaging and genomic data effectively for precision medicine applications at the point of care. With offices in Madrid (Spain), and European HQ in Valencia (Spain), and subsidiaries in

AWARDS

and

USA,

Kanteron

Systems'

solution has already been deployed over CEO OF THE YEAR

500 times in 12 countries, at some of the

HEALTHCARE TECHNOLOGY INDUSTRY

world's largest healthcare networks like the NHS in the UK, ISSSTE in Mexico, or

CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

EsSalud in Peru. HDO's are ramping up their investments in tools like genomics sequencing

technologies,

multimodal

radiology, and digital pathology, both to support their clinical-care mission and to further

research

personalized

medicine. Until now, HDOs relied on individual

stand-alone

systems

manage all that data. With Kanteron Systems

Platform

clinicians

and

researchers in HDOs can finally leverage a unified and modular system. www.kanteron.com

WORLD BIZ MAGAZINE - PAGE 39

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Kushki is a payment platform tailor-made for Latin America that uses local logic and

TOP 50 CEO

ARON SCHWARZKOPF KUSHKI USA / LATAM

pricing

and

can

rapidly

integrated. Kushki combines a complete payment solution,With secure, agile and simple

technology

that

increases

conversion. We process more than $ 30 billion dollars a year, through PCI Level 1 certified technology. We constantly innovate and are at the forefront of the latest technologies in the industry. Our mission is to reduce the use of cash in Latin America, offering businesses like yours integral, safe and easy-to-use

AWARDS

technology; so

you

can

accept digital payments with operational CEO OF THE YEAR PAYMENT PROCESSING INDUSTRY

efficiencies

and

reducing

costs. We

believe that accepting payments should not be a concern for your business. We

CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

work so that you concentrate on the important thing, your clients; We handle the payments. Kushki

offers

multichannel

payment

processingin real time and integrated into social networksfor today's mobile and social consumer. An integrated and converged

payment

platformcovering

physical store channels, e-commerceand m-commerce, it is vital to boost growthin a hypercompetitive market. www.kushkipagos.com

WORLD BIZ MAGAZINE - PAGE 40

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 After spending 15 years helping people get

involved

technology,

TOP 50 CEO

TOM MATZZIE CLEANCHOICE ENERGY USA

politics

through

Tom

wanted

something more about climate change. He had a vision to make renewable energy accessible for all, and founded CleanChoice Energy to do just that. When he’s not in the office, you might find Tom on the Chesapeake Bay with his family. CleanChoice Energy was started with the goal of making clean energy accessible to everyone. Since 2012 we’ve grown to become one of the fastest growing businesses in America, as ranked on the Inc. 500 and Deloitte’s Technology Fast

AWARDS

500™. Every day we continue to work to CEO OF THE YEAR CLEAN ENERGY INDUSTRY

fulfill our mission by making it easy for consumers

choose

100%

clean,

pollution-free energy from regional wind CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

and solar farms. Our mission since day one has been to make

clean

energy

accessible

for

everybody. With CleanChoice Energy you don’t need to install solar panels or even own your home, apartment, or business space to reduce your impact on the environment.

You

simply

make

the

switch, and we make sure all the energy you use is replenished on the grid with 100% clean wind and solar power. www.cleanchoiceenergy.com

WORLD BIZ MAGAZINE - PAGE 41

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Joy Organics was created with a clear initiative:

products

TOP 50 CEO JOY SMITH JOY ORGANICS USA

develop

through

premium innovation

CBD and

excellence, with service to match.This dedication

product

quality

and

customer care stems from CEO and CoFounder

Joy

Smithâ€™s

journey

with

CBD.

own As

personal mother,

grandmother and humanitarian, she has always wanted to bring comfort and compassion to as many people as she could reach. Her serendipitous discovery of CBD fell perfectly in line with this passion.As she started to struggle with sleep and other issues, Joy began looking for natural support for her body. Her son,

AWARDS

Gerrid, mentioned she may find what she CEO OF THE YEAR

was looking for with CBD. Joy purchased

CBD INDUSTRY

many products from many brands, but only a couple of them provided positive

CEO OF THE YEAR RESPONSIBLE BUSINESS AWARD

effects. Little did she know that would be the beginning of an incredible journey. Whether she is waking up at 5 a.m. to serve breakfast to the homeless or raising money to help starving children around the world, Joy is happiest when serving others.In addition to the work she does with Joy Organics, Joy is also a speaker. This role has brought her around the world, where she gives hope to women everywhere she speaks. www.joyorganics.com

WORLD BIZ MAGAZINE - PAGE 42

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 While working closely with the Arizona Diamondbacks baseball team, Liquid I.V. Founder & CEO Brandin Cohen saw

TOP 50 CEO

BRANDIN COHEN LIQUID I.V. USA

firsthand the scarcity of natural, truly effective electrolyte drinks for those living active lifestyles. Inspired, he partnered with

group

world-renowned

nutrition scientists to create Liquid I.V. Hydration

Multiplier

breakthrough

science

and of

the Cellular

Transport Technology, or CTT™—a delivery system that drastically improves the speed and efficiency of water absorption. Liquid I.V. started hitting the shelves, and promptly flying off them.

AWARDS

For every purchase of Liquid I.V., we CEO OF THE YEAR

donate a serving to someone in need

NUTRITIONAL SUPPLEMENT INDUSTRY

around the world. Over 2 Million Sticks have been donated over the years. It all

CEO OF THE YEAR RESPONSIBLE BUSINESS AWARD

started

with

the

devastating

2010

earthquake in Haiti, when Brandin Cohen learned about the extreme conditions in the

slums

Port-au-Prince.

Deeply

moved by the stories he read, he raised the money to send 20,000 meals to the city in a 30-day period. The success of this venture showed him that, when we harness the power of community, we have the power to make a real difference. It also inspired the company’s lifelong mission to give to people in need. www.liquid-iv.com

WORLD BIZ MAGAZINE - PAGE 43

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Ajith J. Pillai (AJ) infuses Nous with his passion for excellence, leadership and entrepreneurship. AJ focuses on helping

TOP 50 CEO

AJITH J.PILLAI NOUS INFOSYSTEMS INDIA

Nous evolve as a leading player in the marketplace, and strives to enrich the technology and business practices with a diversity of thought and strategy. AJ has an MS in Computer Science and a Master’s degree in Business Admin from the University of Illinois, US. Nous Infosystems is a Global Information Technology company providing software solutions & services for Banking, Financial Services & Insurance (BFSI), Healthcare and Retail customers. Having been in the

AWARDS

industry for over 2 decades, Nous works CEO OF THE YEAR IT SERVICES INDUSTRY

with

Fortune

500

Global

2000

companies and has offices in USA, UK, Canada, Germany & India. Nous' core

CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

offerings include Product Engineering Services,

Application

Development

Maintenance, Independent Testing and Infrastructure Management Services. CSR is one of the key pillars of Nous’ corporate values.

We at Nous Infosystems, are

proud to have been named recipient of numerous

industry

accolades

and

ranking over the years. Recently CIO Review magazine listed Nous among the ‘20 Most promising Microsoft Technology Partners – 2015.’ www.nousinfosystems.com

WORLD BIZ MAGAZINE - PAGE 44

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 David Anderson is the CEO and President of Mimo Monitors. An engineer by trade, David has grown Mimo Monitors to a

TOP 50 CEO

DAVID ANDERSON MIMO MONITORS USA

global

leader

small

touchscreen

monitors, displays, and tablets. Holding a variety of roles throughout his career ranging from a business development executive to a director of technical solutions, and test engineer manager, allowed David to have a unique lens on all aspects of the business. With a handson approach, deep understanding in technology,

and

knowledge

the

importance of building a brand, David believes in placing an emphasis on customer service while creating high

AWARDS

quality and innovative products with a CEO OF THE YEAR

solutions-oriented approach.

AUDIO VISUAL INDUSTRY

Mimo Monitors, established in 2008, is a CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

global expert and industry leader in small touchscreen

monitors,

displays,

and

tablets. Designed with a solutions-first approach, we believe in creating small footprint and high value displays that drive innovation and provide a seamless experience for digital signage, conference rooms, kiosks, point of purchase, point of sale, hospitality, retail, and more. Our world-class team has deployed solutions in locations throughout the world for Fortune 500 and leading brands. www.mimomonitors.com

WORLD BIZ MAGAZINE - PAGE 45

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 In 2009, entrepreneur, choreographer, dancer, and software engineer Miral Kotb combined her passion for dance and

TOP 50 CEO MIRAL KOTB ILUMINATE USA

computers

create

iLuminate,

the

entertainment technology company that combines

state-of-the-art

technology

with exhilarating dancers who perform in the dark to create the ultimate audience experience. Miral received her degree in Computer Science from Columbia University while honing her dance skills in New York City. Upon graduating she secured a position with Bloomberg L.P. as a senior software engineer, then entered the world of

AWARDS

mobile application development. Her CEO OF THE YEAR

work as a dancer and choreographer has

ENTERTAINMENT INDUSTRY

been presented at numerous venues worldwide. Miral had a vision of dancers

CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

wearing

costumes

that

illuminated

wirelessly to compliment the music and choreography—wireless technology that could be controlled from the palm of one’s hand. Developing iLuminate was the perfect way to combine her uniquely different worlds and follow her passion. iLuminate took audiences by storm in 2011 when America voted it to be one of the top finalists on the hit television show, America’s Got Talent. www.iluminate.com

WORLD BIZ MAGAZINE - PAGE 46

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Najla Al Shirawi has more than 21 years of investment banking experience. Having been part of SICO since 1997, she was

TOP 50 CEO

NAJLA AL SHIRAWI SICO BANK BAHRAIN

appointed CEO in 2014 following her appointment as deputy CEO in 2013. Najla served with Geneva-based Dar AlMaal

Al-Islami

Trust,

where

she

established private banking operations for the Group in the Gulf region. Najla is a Board member at the Bahrain Economic Board (EDB) and a Chairperson on the Board

Directors

subsidiaries:

for

SICO

two

Funds

SICO

Services

Company (SFS) in Bahrain and SICO Financial Brokerage in Abu Dhabi. She is also an Independent Board Member of

AWARDS

Eskan Bank BSC(c), Bahrain and a Board CEO OF THE YEAR

Member

INVESTMENT BANKING INDUSTRY

Scheme,

the

Deposit

Bahrain,

Protection

the

Bahrain

Associations of Banks, and the Bahrain CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

Institute of Banking and Finance. She holds

MBA

and

Civil

Engineering from University of Bahrain. SICO is a leading regional asset manager, broker and investment bank with more than

USD

2.1

management

(AUM).

assets

under

Today

SICO

operates under a wholesale banking licence from the Central Bank of Bahrain and also oversees three wholly owned subsidiaries www.sicobank.com

WORLD BIZ MAGAZINE - PAGE 47

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Sam Chaudhary is co-founder and CEO of ClassDojo, one of the world's fastestgrowing education tech companies.

TOP 50 CEO

SAM CHAUDHARY CLASSDOJO USA

ClassDojo is a school communication platform that teachers, students, and families use every day to build close-knit communities by sharing what’s being learned in the classroom home through photos, videos, and messages. At ClassDojo, we want to transform education for every kid in the world. To do this – and do it soon – we have a simple plan: connect teachers, parents, and students in every classroom, and work with them every day to bring the

AWARDS

best ideas into their classrooms.It's not CEO OF THE YEAR EDUCATION TECHNOLOGY INDUSTRY

about creating an “ideal” classroom, a one-size-fits-all

model

that

everyone

must fit, because there's no such thing. CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

Instead, we believe that teachers, parents and students should have the power to create an incredible classroom that is best for them. And, we believe that when you give good people simple ways to do the right things, amazing things will happen. That's how we believe we can transform education. Together, helping every teacher, parent, and student in the world create an incredible classroom. ClassDojo is actively used in 95% of all K8 schools in the U.S. and 180 countries. www.classdojo.com

WORLD BIZ MAGAZINE - PAGE 48

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 As a high school math teacher, Vigeant asked himself a simple question: How can I take the knowledge our students

TOP 50 CEO

FRANCIS VIGEANT KNOWATOM USA

need and make it matter to them? His answer

was

building

its

create

core

KnowAtom,

architecture

and

platform alignment around the idea of making science, engineering, and math relevant. Vigeant has taught science, engineering, and

mathematics

kindergarten

through twelfth-grade students in a variety of learning environments, ranging from college prep and honors classrooms to

AWARDS

self-contained,

team-taught,

and

inclusion settings. His focus on scientific CEO OF THE YEAR EDUCATION INNOVATOR AWARD

and engineering practices and their relationship schools

CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

process

become

has

helped

science

leaders

education, based on state assessments. Vigeant

strong

believer

empowering professional teachers and has

created

Community

Professional

models

for

Learning

large

urban

districts. Vigeant’s achievements have been

recognized

the

American

Federation of Teachers’ publication, The Advocate, as an educational innovator. Vigeant serves as President of STEM Synergy, an NGO coordinating over $25M in STEM education investments in Africa www.knowatom.com

WORLD BIZ MAGAZINE - PAGE 49

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Badia

Farms

starting

farming

revolution in the UAE with the GCC’s first indoor vertical farm. We have a growing

TOP 50 CEO

OMAR AL JUNDI BADIA FARMS UAE

reputation for supplying the finest microgreens

and

restaurants,

herbs

caterers

Dubai’s

top

chefs.

Our

and

mission is to close the gap between the farm and the chef’s kitchen. Our passion for fresh, locally grown produce is what drives us. And the demand for gourmet leafy greens all year-round is what has inspired us. Using the latest hydroponics technology, we

are

growing

delicious,

nutritious

micro-greens and herbs without sunlight,

AWARDS

soil,

pesticides.

Our

revolutionary

CEO OF THE YEAR

farming methods use up to 80 percent

VERTICAL FARMING INDUSTRY

less water, they are energy-efficient and sustainable.

CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

joining

the

farming

revolution, we are meeting the demand from Dubai’s top restaurants for fresh and natural food. We specialise in growing micro-greens and herbs that are hugely popular with gourmet chefs. While crops are regularly imported into the UAE, transportation takes its toll on their taste, aroma and appearance. At Badia Farms, we grow fresh culinary produce 24 hours a day, 365 days a year. Our produce is harvested just hours before it reaches the kitchens of hotels and restaurants. www.badiafarms.com

WORLD BIZ MAGAZINE - PAGE 50

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 OQ is a world-class integrated energy company with roots in Oman. We cover the entire value chain from exploration

TOP 50 CEO

MUSAB AL MAHRUQI OMAN OIL COMPANY OMAN

and production through to marketing and distribution of end-user products. Our fuels and chemicals are sold in over 60 countries worldwide, making us a global leader in the sector. Our strategic integration journey has formed one of the Sultanate's largest integrated energy companies. In line with the country's forward-thinking strategy to nurture

sustainable

and

diversified economy, OQ has positioned

AWARDS

itself amongst the global hydrocarbon CEO OF THE YEAR

players by capitalising on opportunities

ENERGY INDUSTRY

across the value chain, simultaneously building an environment where talent

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

thrives. Today, we focus on facilitating local and international private participation in the oil and gas sectors to increase value for shareholders and reap greater benefits for the nation. We endeavour every day to enrich the nation by engaging and empowering

our

people

become

global role models. We care for our employees by instilling them with a sense of pride and belonging. www.oq.com

WORLD BIZ MAGAZINE - PAGE 51

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 The Airobotics end-to-end drone solution goes far beyond standard drone options. The platform was designed and built by a

TOP 50 CEO RAN KRAUSS AIROBOTICS ISRAEL

multi-disciplinary team to answer the needs of industries such as energy, mining and oil & gas by providing a safe, cost-effective solution available on-site and on-demand. The team at Airobotics fuses expertise in aerospace hardware design, robust electronic systems, leading software

engineering,

experience

and

years

commercial

drone

operations. Airobotics has developed an unmanned drone solution, the first of its kind in the

AWARDS

global market. Airobotics provides an CEO OF THE YEAR TRANSPORT INDUSTRY

end-to-end, fully automatic solution for collecting

aerial

data

and

gaining

invaluable insights. The industrial grade CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

platform is available on-site and ondemand, enabling industrial facilities to access premium aerial data in a faster, safer, more efficient way.The team at Airobotics fuses expertise in aerospace hardware

design,

robust

electronic

systems, leading software engineering, and years of experience in commercial drone operations. This varied experience has allowed them to design a solution suited to address the needs of the world’s most complex industrial environments. www.airoboticsdrones.com

WORLD BIZ MAGAZINE - PAGE 52

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 Adwitiya, 34, is co-founder & CEO of EM3 Agriservices Pvt. Ltd. He holds a Bachelors (with Honours) Degree in Economics

TOP 50 CEO

ADWITIYA MAL EM3 AGRISERVICES INDIA

from Delhi University and completed his MBA at the Simon School of Business, University of Rochester. He started his career as a front line sales manager with ICICI

Prudential,

leading

private

insurance company in India. Following his MBA, he moved to Hong Kong where he was the Strategy Manager at AXA Insuranceâ€™s Asia Headquarters and was responsible

for

developing

corporate

strategy for the group's 19 businesses across 10 countries in Asia. The desire to do something large and impactful in

AWARDS

India brought Adwitiya back to co-found CEO OF THE YEAR

EM3 AgriServices.

AGRICULTURE TECHNOLOGY INDUSTRY

At EM3 we are breaking stereotypes for CEO OF THE YEAR TECHNOLOGY LEADERSHIP AWARD

increasing agricultural productivity by bringing tech & mechanization for the farming community on a Pay-for-Use basis. This approach greatly deepens the impact

farm

viability.

are

harnessing the power of information technology and mobile telecom services, financial services etc. to integrate and strengthen the value proposition. We enable technology to reach the farmer and the farm in an efficient and affordable manner www.em3agri.com

WORLD BIZ MAGAZINE - PAGE 53

CEO OF THE YEAR AWARDS TOP 50 INSPIRATIONAL CEO'S OF 2019 OYO Hotels & Homes is South Asia’s largest, China’s second largest, and the world’s third largest and fastest-growing

TOP 50 CEO

RITESH AGARWAL OYO HOTELS & HOMES INDIA

chain of leased and franchised hotels, homes & living spaces. OYO works with small-scale budget hoteliers to improve guest experience and occupancy, and thereby yield. No other hotel company is using technology or empowering small hotels to deliver value like OYO does. All of this is being driven by passionate OYOpreneurs who are the custodians of our amazing company culture. They are empowered to run OYO like they would run their own companies, and we respect

AWARDS

and celebrate their entrepreneurial spirit. CEO OF THE YEAR HOSPITALITY INDUSTRY

While we are relentlessly pursuing our mission of creating quality living spaces

CEO OF THE YEAR INDUSTRY LEADERSHIP AWARD

everywhere, it is always Day 0 for us. That’s because we feel that OYO’s journey has only started and we have a great opportunity in front of us to create history and leave a lasting legacy through our work. OYO’s mission is to upgrade all forms of real estate, and thereby provide quality living spaces to travellers around the world. We aspire to become the goto accommodation brand for people looking for hassle-free and affordable stay-options anywhere in the world. www.oyorooms.com

WORLD BIZ MAGAZINE - PAGE 54

25 2019 HALL OF FAME

SELECTED BY THE READERS OF WORLD BIZ MAGAZINE

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Tarek Sultan is the Chief Executive Officer and Vice Chairman of Agility. Sultan has spearheaded the company’s expansion

LEADING LEGEND TAREK SULTAN AGILITY KUWAIT

from a regional logistics company into a $4+ billion global business. Sultan holds an MBA from the Wharton School at the University of Pennsylvania and a Bachelor of Economics from Williams College. Sultan sits on the Board of Trustees for Kuwait’s Silk City and Boubyan Island Development Project. Sultan is an active supporter of the World Economic Forum (WEF). He is a member of the WEF’s Global Future Council on Humanitarian Systems, sits on the Boards of the WEF’s Supply

Chain

Transport

Industry

Governors and Future of Production

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE LOGISTICS INDUSTRY

initiative, as well as a trustee for the Global Alliance for Trade Facilitation. Agility’s emerging

story

parallels

markets

the the

rise

global

economy. The company got its start as a local warehousing provider in Kuwait and grew to become the largest logistics company in the Middle East. It acquired more than 40 logistics brands around the world. Agility today is one of the world’s largest integrated logistics providers and the largest private owner and developer of industrial real estate in the Middle East and North Africa. www.agility.com

WORLD BIZ MAGAZINE - PAGE 57

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Tony O. Elumelu is an economist by training,

serial

entrepreneur,

and

philanthropist. He is the Founder and

LEADING LEGEND TONY ELUMELU HEIRS HOLDINGS NIGERIA

Chairman of Heirs Holdings Ltd, an African proprietary investment company, with interests in power, oil and gas, financial services, hospitality, real estate and healthcare, present in twenty African countries. Tony

known

contribution

for

his

significant

entrepreneurship

Africa. In 2010, he created The Tony Elumelu

Foundation,

committed

$100m

which in

has 10-year

programme to fund, mentor and train 10,000 African entrepreneurs. Inspired by

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE INVESTMENT INDUSTRY

Tony’s

economic

philosophy

Afri-

capitalism, which positions the private sector as the key enabler of economic and social wealth creation in Africa. He sits on numerous public and social sector

boards,

including

the

global

advisory board of the United Nations Sustainable

Energy

for

All

Initiative

(SE4ALL), USAID’s Private Capital Group Partners Forum (PCG), and is Co-Chair of the Aspen Institute’s Global Food Security Working Group. He is also a member of the World Economic Forum Community of Chairmen. www.heirsholdings.com

WORLD BIZ MAGAZINE - PAGE 58

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Our technologies are leading the change towards a sustainable aerospace future. The world’s leading multi-technology tier

LEADING LEGEND HANS BÜTHKER GKN AEROSPACE GERMANY

one aerospace supplier. With around 50 manufacturing locations in 14 countries, we serve over 90% of the world’s aircraft and engine manufacturers. We design and

manufacture

innovative

smart

aerospace systems and components. Our technologies are used in aircraft ranging from the most used single aisle aircraft and the largest passenger planes in the world to business jets and the world’s advanced 5th generation fighter aircraft. GKN Aerospace is the original aerospace innovator. For decades, GKN

LIFETIME ACHIEVEMENT AWARD

Aerospace technologies have inspired

FOR SERVICES TO

and industrialized the global aerospace

THE AEROSPACE INDUSTRY

industry, through the combination of engineering excellence and technology leadership. Today we are truly global, with 17,000 employees in around 50 manufacturing locations in 14 countries around the world. All major aircraft and engine manufacturers rely on our advanced technologies. Our aerostructures, engine systems and special products improve the performance of more than 100,000 flights every day. www.gknaerospace.com

WORLD BIZ MAGAZINE - PAGE 59

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Pat Gelsinger has been serving as CEO of VMware since September 2012, nearly doubling the size of the company during

LEADING LEGEND PAT GELSINGER VMWARE USA

his tenure. He brings more than 35 years of technology and leadership experience. Before joining VMware, Gelsinger led EMC's

Information

Infrastructure

Products business as president and COO. A respected IT industry veteran, he was at Intel

for

years

becoming

the

company’s first CTO and driving the creation of key industry technologies including USB and Wi-Fi. He led Intel to be

the

dominant

supplier

the

microprocessor – while in the significant

LIFETIME ACHIEVEMENT AWARD

role as the architect of the original 80486

FOR SERVICES TO

processor. Gelsinger earned a master's

THE TECH INDUSTRY

degree from Stanford University in 1985, his bachelor's degree from Santa Clara University in 1983 (magna cum laude), and an associate's degree from Lincoln Technical Institute in 1979, all in electrical engineering. In 2008, he was named a Fellow of the IEEE and that same year awarded

Honorary

Doctorate

Letters from William Jessup University. He holds seven patents in the areas of VLSI design, computer architecture and communications. www.vmware.com

WORLD BIZ MAGAZINE - PAGE 60

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Ginni Rometty began her career with IBM in 1981 in Detroit. Since then she has held a series of leadership positions, most

LEADING LEGEND GINNI ROMETTY IBM USA

recently as senior vice president and group executive, IBM sales, marketing, and strategy. Earlier she served as senior vice president, IBM Global Business Services, where she led

the

successful

integration

PricewaterhouseCoopers Consulting. This acquisition was the largest in professional services history, creating a global team of more than 100,000 business consultants and services experts. Mrs. Rometty serves on the Council on

LIFETIME ACHIEVEMENT AWARD

Foreign Relations, the board of trustees of

FOR SERVICES TO

North-westernÂ University, and the board

THE TECH INDUSTRY

of overseers andÂ board of managers of Memorial Sloan-Kettering Cancer Center. She holds a Bachelor of Science degree, with high honors, in computer science and electrical engineering from NorthWestern University. IBM is a global cloud platform and cognitive solutions company, which has continually evolved over the past century to

remain

the

technological innovation. www.ibm.com

WORLD BIZ MAGAZINE - PAGE 61

forefront

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Hussain Sajwani, a UAE national, is the founder and Chairman of global property development Company,

LEADING LEGEND

HUSSAIN SAJWANI DAMAC UAE

DAMAC Properties. A graduate from the University of Washington, he started his career as a Contracts Manager in GASCO, a subsidiary of ADNOC (Abu Dhabi National Oil Company). After a short period, he established his own business and in 1982 started his own catering venture. "DAMAC is globally recognised as a market leader for its innovative property offerings, its award-winning architectural designs

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE REAL ESTATE INDUSTRY

delivering

and

its

luxury

commitment living

experiences

across more than 100 million square feet of master communities." DAMAC Properties has been at the forefront of the Middle Eastâ€™s luxury real estate market since 2002, delivering luxury residential, commercial and leisure properties across the region, including the UAE, Saudi Arabia, Qatar, Jordan, Lebanon

and

the

United

Kingdom.

Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region. www.damacproperties.com

WORLD BIZ MAGAZINE - PAGE 62

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Sultan

Ahmed

Bin

Sulayem,

Group

Chairman and Chief Executive Officer of DP

LEADING LEGEND

SULTAN BIN SULAYEM DP WORLD UAE

World

and

Chairman

Ports,

Customs & Free Zone Corporation, is one of Dubai's leading businessmen. Mr. Bin Sulayem’s expertise and visionary leadership

spearheaded

expansion

Dubai’s

including

ports

and

the

rapid

infrastructure, free

zones,

contributing significantly to the stellar growth trajectory of the United Arab Emirates.

was

also

leader

developing the infrastructure supporting Dubai’s

successful

tourism

industry,

among various other sectors. Mr. Bin Sulayem is a BS graduate in Economics

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE PORTS INDUSTRY

from

Temple

University

Philadelphia,

USA. He is a Board Member of the Dubai Executive Council, the UAE Federal Tax Authority. He is also Chairman of Virgin Hyperloop One. Highlights of his three-decade business career include: • Leading marine terminal operator DP World’s expansion, including the purchase of the P&O group for US$6.8 billion in March 2006, which propelled it to one of the largest global port operators and trade enablers in the world with 78 marine

and

inland

continents . www.dpworld.com

WORLD BIZ MAGAZINE - PAGE 63

terminals

six

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Mr. José María Álvarez-Pallete López has a

degree

Economics

from

the

Complutense University of Madrid. He

LEADING LEGEND

JM ALVAREZ-PALLETE TELEFÓNICA SPAIN

also studied Economics at the Université Libre of Brussels (Belgium), holds an International Management Programme (IMP) from IPADE Business School and an Advance

Research

Degree

from

the

Complutense University of Madrid. Since April 8th 2016 he is Chairman & CEO of Telefónica S.A. and Member of the Board of Telefónica S.A., position he holds since

July

2006.

professional

career

He at

began Arthur

his

Young

Auditors in 1987, before joining Benito & Monjardín/Kidder, Peabody & Co. in 1988.

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE TELECOMS INDUSTRY

After

this,

Compañía

1995,

Valenciana

he de

joined

the

Cementos

Portland (CEMEX) as head of the Investor Relations and Analysis Department. In 1996, he was promoted to Chief Financial Officer in Spain, and in 1998 to Chief Administration and Finance Officer of the CEMEX Group Indonesia and to member of the Board of CEMEX Asia Ltd. In 2016 he was named “Best CEO” in Spain by Forbes Magazine. Telefónica operate in 17 countries and has a presence in 24, with and an average of 127,000 professionals. www.telefonica.com

WORLD BIZ MAGAZINE - PAGE 64

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Edward

Breen

the

Executive

Chairman of DuPont. Mr. Breen joined the DuPont board of directors in February

LEADING LEGEND

EDWARD D. BREEN DUPONT USA

2015 and was named CEO of DowDuPont on November 9, 2015.Â He is now the executive

chairman

the

newly

transformed DuPont. Before joining DuPont, Mr. Breen served as

chairman

International

and from

CEO July

Tyco

2002

until

September 2012. While he was there, he was instrumental in making Tyco a market leader, rescuing the company from near bankruptcy by rebuilding the brand and its credibility. During that time,

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE CHEMICAL INDUSTRY

restructuring

oversaw that

included

successful divesting

non-core operations resulting in the spinoffs of Covidien, TE Connectivity, ADT Corporation, and the merger of Tyco Flow Control with Pentair. He also established and met goals for operational excellence and corporate governance. Prior to Tyco, from 2000 to 2002, Mr. Breen held several senior management positions at Motorola and General Instrument Corp. Mr. Breen has been awarded many governance

awards

including

being

named one of the "100 Most Influential People in Business Ethics" by Ethisphere. www.dupont.com

WORLD BIZ MAGAZINE - PAGE 65

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Fernando A. González is the CEO of CEMEX. Since joining CEMEX in 1989, Fernando A. González has held several

LEADING LEGEND

FERNANDO GONZÁLEZ CEMEX MEXICO

senior management positions, including Corporate Vice President of Strategic Planning,

head

operations

Venezuela, President of CEMEX Asia, President of the CEMEX South America and the Caribbean region, President of the CEMEX Europe, Middle East, Africa, Asia and Australia region, and Executive Vice President of Strategic Planning, Finance and Administration (CFO). Fernando was appointed Chief Executive Officer in 2014. He also serves in the Board of Directors of Grupo Cementos de

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE BUILDING INDUSTRY

Chihuahua,

Axtel,

de Monterrey’s

and

Business

Tecnológico School.

earned his BA in Administration and an MBA,

both

from

Tecnológico

Monterrey. CEMEX is a global building materials company

that

provides

high-quality

products

and

reliable

service

customers and communities in more than 50 countries. We have a rich history of improving the wellbeing of those we serve

through

innovative

building

solutions, efficiency advancements, and efforts to promote a sustainable future. www.cemex.com

WORLD BIZ MAGAZINE - PAGE 66

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Siobhán Talbot was appointed Group Managing Director on 12 November 2013, having been appointed Group Managing

LEADING LEGEND SIOBHÁN TALBOT GLANBIA IRELAND

Director Designate on 1 June 2013. She was previously Group Finance Director and her role encompassed responsibility for Group strategic planning. She has been a member of the Group Operating Executive since 2000 and the Board since 2009 and has held senior positions since she joined the Group in 1992. She is also a Director of the Irish Business Employers Confederation (IBEC). Prior to joining Glanbia Group, Siobhán Talbot worked with Pricewaterhouse- Coopers in Dublin and Sydney.

fellow

Chartered

Accountants Ireland, Siobhán graduated

LIFETIME ACHIEVEMENT AWARD

from University College Dublin with a

FOR SERVICES TO

Bachelor of Commerce and Diploma in

THE NUTRITION INDUSTRY

Professional Accounting. Glanbia is a global nutrition company, grounded in science and nature and dedicated to providing better nutrition for every step of life’s journey. Glanbia takes

pure

and

clean

ingredients

including milk, whey and grains, and using

our

capabilities nutritional

expert we

knowledge

produce

ingredients

and

high-quality

and

branded

consumer products for our customers and consumers worldwide. www.glanbia.com

WORLD BIZ MAGAZINE - PAGE 67

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Phebe N. Novakovic became Chairman and Chief Executive Officer of General Dynamics on January 1, 2013. She was

LEADING LEGEND

PHEBE NOVAKOVIC GENERAL DYNAMICS USA

previously

named

the

company’s

President and Chief Operating Officer, and a member of the Board in May 2012. Before

joining

General

Dynamics,

Novakovic served as the Special Assistant to the Secretary and Deputy Secretary of Defense from 1997 to 2001. In that capacity,

she

was

responsible

for

managing processes for all major U.S. Department

Defense

budget

and

policy decisions for the Secretary and Deputy Secretary of Defense.

LIFETIME ACHIEVEMENT AWARD

General Dynamics is a global aerospace

FOR SERVICES TO

and defense company. From Gulfstream

THE DEFENSE INDUSTRY

business jets and combat vehicles to nuclear-powered

submarines

and

communications systems, people around the world depend on our products and services for their safety and security. We offer a broad portfolio of innovative products

and

services

aviation;

combat

business

vehicles,

weapons

systems and munitions; IT and C4ISR solutions; and shipbuilding and ship repair.

General

Dynamics

employs

thousands of people across the globe, with locations in more than 45 countries. www.gd.com

WORLD BIZ MAGAZINE - PAGE 68

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Kenneth C. Frazier is Chairman of the Board and Chief Executive Officer of Merck & Co., Inc. Under Mr. Frazier’s

LEADING LEGEND

KENNETH C. FRAZIER MERCK USA

leadership, Merck is delivering innovative lifesaving medicines and vaccines as well as long-term and sustainable value to its multiple stakeholders. Mr. Frazier has substantially increased Merck & Co., Inc.'s investment in research, including early research,

while

refocusing

the

organization on the launch and growth of key products that provide benefit to society. He has also led the formation of philanthropic and other initiatives that build on Merck’s 125-year plus legacy. Mr. Frazier joined the company in 1992 as

LIFETIME ACHIEVEMENT AWARD

Vice President, General Counsel and

FOR SERVICES TO

Secretary of the company’s joint venture

THE PHARMA INDUSTRY

with Astra AB. He became Vice President of Public Affairs in 1994, and in 1997, was also named Assistant General Counsel. In 1999,

Mr.

Frazier

was

promoted

General Counsel of Merck. From 2007 to 2010, he served as President of Global Human

Health,

Merck’s

sales

and

marketing division. In 2010, Mr. Frazier became President of Merck. He was appointed CEO and a member of Merck’s Board of Directors in January 2011 and became

Chairman

December 2011. www.merck.com

WORLD BIZ MAGAZINE - PAGE 69

the

Board

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Mary was named Chief Executive Officer in June 2013. Prior to joining Ulta Beauty, she was President and Chief Executive

LEADING LEGEND MARY DILLON ULTA BEAUTY USA

Officer and a Director of U.S. Cellular since June 2010. From 2005 to 2010, Mary served as Global Chief Marketing Officer and Executive Vice

President

for

McDonald's

Corporation. Prior to joining McDonald's, she held various positions at PepsiCo, including President of the Quaker Foods division. Mary serves as a member of the Board

Directors

for

Starbucks

Corporation and KKR & Co. Inc. and previously served on the board of Target Corporation from 2007 to 2013.

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE BEAUTY INDUSTRY

Ulta Beauty is the largest beauty retailer in the United States and the premier beauty

destination

for

cosmetics,

fragrance, skin care products, hair care products and salon services. We provide unmatched product breadth, value and convenience in a distinctive specialty retail environment. Every day, we use the power of beauty to bring to life the possibilities that lie within each of us—inspiring every guest and enabling each associate to build a fulfilling career. www.ulta.com

WORLD BIZ MAGAZINE - PAGE 70

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Mary

Barra

Executive

Chairman

Officer

and

General

Chief Motors

Company. She was elected Chairman of

LEADING LEGEND MARY T. BARRA GENERAL MOTORS USA

the GM Board of Directors on January 4, 2016, and has served as CEO of GM since January 15, 2014. Under Barra’s leadership, GM envisions a world with zero crashes, to save lives; zero emissions, so future generations can inherit a healthier planet; and zero congestion, so customers get back a precious commodity – time. She’s focused on strengthening GM’s core business

great

cars,

trucks

and

crossovers, while also working to lead the transformation

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE AUTOMOBILE INDUSTRY

through

advanced

personal

mobility

technologies

connectivity, electrification, autonomous driving and car sharing. Barra has also established a strategic direction based on putting the customer at the center of everything the company does. Barra serves on the Board of Directors of the Walt Disney Company, the Stanford University Board of Trustees and the Detroit Economic Club.She is a member of The Business Council and an At-Large Board

Member

the

Business

Roundtable, where she also serves on the Social Issues Committee. www.gm.com

WORLD BIZ MAGAZINE - PAGE 71

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Margaret Keane is the Chief Executive Officer of Synchrony, one of the nation’s premier

LEADING LEGEND

MARGARET KEANE SYNCHRONY BANK USA

consumer

financial

services

companies. A member of its Board of Directors, she led

the

company’s

successful

initial

public offering in July 2014 and split-off from GE in November 2015.Her passion for emerging technology and employee development has solidified Margaret’s reputation as a leader in the field. She has been recognized as one of American Banker’s “Top 25 Most Powerful Women in Finance” for 11 consecutive years (#4 in 2017) and one of Fortune’s “Most Powerful Women” for the past three years (#25 in

LIFETIME ACHIEVEMENT AWARD

2017). Fortune also named Margaret to

FOR SERVICES TO

their “Businessperson of the Year” list (#33

THE FINANCIAL INDUSTRY

in 2016). During an 18-year career with GE Capital, Margaret led the Retail Card platform as President and CEO beginning in 2004. She expanded her responsibilities in 2011 to become President and CEO of their North American Retail Finance business. Earlier, she held leadership roles that spanned

consumer

finance,

vendor

financial services, operations and quality. Margaret also held various leadership roles during 16 years with Citibank, where she began her career. www.synchrony.com

WORLD BIZ MAGAZINE - PAGE 72

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Ms. Marinello has served as the President and Chief Executive Officer and a director of Hertz since January 2017. Ms. Marinello

LEADING LEGEND

KATHRYN MARINELLO THE HERTZ CO. USA

previously served as a Senior Advisor of Ares

Management

LLC,

global

alternative investment manager, since March 2014. Ms. Marinello served as Chair, President and Chief Executive Officer of Stream Global Services, Inc. from 2010 to March 2014. Ms. Marinello served as Chair, Chief Executive

Officer

and

President

Ceridian Corporation from 2006 to 2010. She served in a broad range of senior roles from 1997 to 2006 at General Electric.

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE CAR RENTAL INDUSTRY

Prior to GE, Ms. Marinello served as President of the Electronic Payments Group at First Data Corporation. She has also served in senior leadership positions at several financial institutions, including US Bank (previously First Bank Systems), Chemical Bank, Citibank and Barclays. Ms. Marinello has served as a director Volvo Group, served as a member of the Supervisory

Board

The

Nielsen

Company B.V., director of General Motors, a director of RealPage, Inc., from 2015 to March 2017. www.hertz.com

WORLD BIZ MAGAZINE - PAGE 73

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Michele Buck brings more than 25 years of consumer packaged goods experience to her role as Hershey’s Chairman of the

LEADING LEGEND MICHELE BUCK THE HERSHEY CO. USA

Board of Directors and 12th President and Chief Executive Officer. She has two important roles – mom and business leader – that fulfill her life and she’s motivated

harnessing

others’

strengths, expertise and perspectives. Buck has held several senior leadership roles within the company. Most recently, she served as Chief Operating Officer, leading

Hershey’s

day-to-day

American

operations

and

Hershey’s

operations

North

overseeing

Central

and

South America.

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE FCMG INDUSTRY

Before joining Hershey in 2005, Buck served

years

Kraft/Nabisco

numerous senior positions and at the Frito-Lay division of PepsiCo.She serves on the Board of Directors at New York Life, and as a Benefit Co-Chair for the Children’s Brain Tumor Foundation. A native of central Pennsylvania, USA, Buck earned a Bachelor’s degree at Shippensburg University and holds a Master of Business Administration degree from the University of North Carolina at Chapel Hill. www.thehersheycompany.com

WORLD BIZ MAGAZINE - PAGE 74

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 After

five

years

working

several

financial positions in New York, San Francisco and London, Sébastien Bazin

LEADING LEGEND SÉBASTIEN BAZIN ACCOR HOTELS FRANCE

was appointed CEO of Hottinguer Rivaud Finances, an investment bank, in 1990, and then CEO of L’Immo-bilière Hôtelière, a hotel developer in France, in 1992. In 1997, he moved to Colony Capital, a private real estate investment firm, to head up its European branch and lead several acquisitions, within hospitality. He joined Accor’s Board of Directors in 2005 and, via Colony Capital, became a Paris Saint-Germain shareholder in 2006 and the club’s Chairman in 2009. In August 2013, he resigned from his duties

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE HOSPITALITY INDUSTRY

at Colony Capital and was appointed Chairman

and

CEO

AccorHotels.

Sébastien has been Chairman of the Théâtre du Châtelet’s Board of Directors since 2015 (and a Board member since 2013), is Vice-Chairman of the Gustave Roussy Foundation’s Supervisory Board, and has been a member of GE’s Board of Directors since 2016. We are far more than a worldwide leader. We are 250,000 hospitality experts who share the same passion. Welcoming people. We take care of millions of guests in our 4,500 addresses. www.group.accor.com

WORLD BIZ MAGAZINE - PAGE 75

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Carlos Tavares, a graduate of Ecole Centrale de Paris, held a number of different

LEADING LEGEND CARLOS TAVARES, GROUPE PSA FRANCE

positions

with

the

Renault

Group from 1981 to 2004 before joining Nissan. In 2009 he was appointed Executive Vice President, Chairman of the Management Committee Americas and President of Nissan North America. He was named Group Chief Operating Office of Renault in 2011 .He joined the Managing Board of Groupe PSA in January 2014, and was appointed Chairman of the Managing Board in March 2014. Groupe PSA is the second largest car

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE AUTOMOBILE INDUSTRY

manufacturer in Europe. It is present in 160

countries

and

possesses

production sites across the world. From the production of vehicles to the design of

innovative

services

adapted

customer needs and the invention of solutions that shape future mobility, Groupe PSA is present across the entire automotive value chain. Europe’s second largest

vehicle

manufacturer

continuing its transformation with a new strategic plan, Push to Pass. Its ambition: to

market

vehicles

cutting-edge

efficiency as well as the mobility services acclaimed by its customers. www.groupe-psa.com

WORLD BIZ MAGAZINE - PAGE 76

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Mr. Wang Huang is the Founder and has served as the Chairman of the board of directors and CEO since the inception of

LEADING LEGEND WANG HUANG HUAMI CHINA

Huami. Mr. Huang is a serial entrepreneur with significant experience and expertise in the technology and Internet sectors in China. Mr. Huang founded Anhui Huami in

December

2013

develop,

manufacture and sell smart wearable devices. Prior to that, Mr. Huang founded Hefei Huaheng Electronic Technology Co., Ltd., a company that developed tablets and tablet-based mobile apps and

provided

e-magazine

network

services, and led the team that released

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE WEARABLES INDUSTRY

China’s first tablet. In 2002, Mr. Huang founded Hefei Huakai Yuanheng Information Technology Co., Ltd.,

company

that

developed

embedded Linux software and hardware. Mr. Huang previously was a research and development

engineer

Huawei

Technologies Co. Ltd., a leading global information

and

communications

technology solutions provider, where he played

instrumental

role

the

development of high-speed switching and routing equipment. Mr. Huang has received many honors and awards. www.huami.com

WORLD BIZ MAGAZINE - PAGE 77

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Jane Jie Sun has served as the Chief Executive Officer of the company, as well as a member of the Board of Directors,

LEADING LEGEND JANE JIE SUN TRIP.COM GROUP CHINA

since November 2016. Prior to that, she was a Co-President since March 2015, Chief Operating Officer since May 2012, and Chief Financial Officer from 2005 to 2012. Ms.

Sun

well

respected

for

her

extensive experience in operating and managing

online

travel

businesses,

mergers and acquisitions, and financial reporting and operations. In 2017, she was named as one of the most influential and outstanding business women by Forbes China. She was also named one of

LIFETIME ACHIEVEMENT AWARD

Fortune’s Top 50 Most Powerful Women

FOR SERVICES TO

in Business, and one of Fast Company’s

THE TRAVEL INDUSTRY

Most Creative People in Business. During her tenure at Ctrip, she won the Best CEO and Best CFO Award by Institutional Investor. Prior to joining Ctrip, Ms. Sun worked as the head of the SEC and External Reporting Division of Applied Materials, Inc. since 1997. Prior to that, she worked with KPMG LLP as an audit manager in Silicon Valley, California for five years. She is a member of the American Institute of Certified Public Accountants and a State of California Certified Public Accountant. www.trip.com

WORLD BIZ MAGAZINE - PAGE 78

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Dr. Martin Brudermüller was born in Stuttgart in 1961. From 1980 onwards he studied Chemistry at the University of

LEADING LEGEND

M. BRUDERMÜLLER BASF GERMANY

Karlsruhe, Germany, and received his degree

1985.

After

earning

his

doctorate in Karlsruhe in 1987, he did a postdoc at the University of California, Berkeley, United States. We create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 122,000 employees in the BASF Group work on contributing

the

success

our

customers in nearly all sectors and almost every country in the world.

LIFETIME ACHIEVEMENT AWARD FOR SERVICES TO THE CHEMICAL INDUSTRY

Our

portfolio

organized

into

six

segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of around €63 billion in 2018. Our 12 operating divisions are aggregated into six segments based on their business models. The divisions bear operational organized

responsibility according

and

are

sectors

products. They manage our 58 global and regional business units and develop strategies for the 78 strategic business units. www.basf.com

WORLD BIZ MAGAZINE - PAGE 79

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Roberto Marques, is the Group Chief Executive Officer of Natura &Co. He became Executive Chairman of the Board

LEADING LEGEND

ROBERTO MARQUES NATURA &CO BRAZIL

of Directors of Natura &Co in 2017. Mr. Marques joined Natura Board of Directors four years ago. During this period, he championed the global, multichannel, multi-brand approach, leading the acquisition of The Body Shop in 2017 and the recent combination with Avon. He has extensive global experience and a strong transformation track record in the consumer goods industry, having held, prior

Natura

&Co,

various

senior

leadership roles at Johnson & Johnson and Mondelez International for over 30

LIFETIME ACHIEVEMENT AWARD

years.

FOR SERVICES TO

THE FMCG INDUSTRY

Natura &Co is a global, purpose-driven, multi-channel

and

multi-brand

cosmetics group which includes Avon, Natura, The Body Shop and Aesop. Natura &Co posted net revenues of R$ 13.4 billion in 2018. The four companies that form the group are committed to generating positive economic, social and environmental impact. Together, Natura, Aesop and The Body Shop constitute a new force in the beauty world: a global group that is multicultural, multichannel and multibrand. www.naturaeco.com

WORLD BIZ MAGAZINE - PAGE 80

CEO OF THE YEAR AWARDS HALL OF FAME INDUCTEES - 2019 Born in Madrid in 1947, he holds a degree in Civil engineering from Universidad Politécnica de Madrid. He began his

LEADING LEGEND

FLORENTINO PÉREZ ACS GROUP SPAIN

professional career in 1971 in the private sector,

rising

head

the

Spanish

Highway Association, until switching to the public business sector. From 1976 to 1982 he held various positions in the Public Administration, such as Delegate for Sanitation and Environment for the City of Madrid, Deputy Director-General at the Ministry of Industry and Energy, Director-General of Transport Infrastructure at the Ministry Transport, and President of the National Institute

for

Agrarian

Reform

and

LIFETIME ACHIEVEMENT AWARD

Development at the Agriculture Ministry.

FOR SERVICES TO THE

In 1983 he returned to the private sector,

INFRASTRUCTURE INDUSTRY

when he headed Construcciones Padrós, S.A. Since 1993 he has been the Chairman of ACS, Actividades de Construcción y Servicios, S.A. He is also the Chairman of Real Madrid Football Club - the world's most famous and successful soccer club. ACS Group - A worldwide reference in the industry of infrastructure development, both civil and industrial engineering projects. A Group which participates in the development of sectors which are fundamental for the economy. www.grupoacs.com

WORLD BIZ MAGAZINE - PAGE 81

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PRBD Global

Published on Jan 9, 2020

World Biz Magazine - January 2020

World Biz Magazine is a leading business magazine for business leaders across the globe. World Biz Magazine combines CEO Interviews with ins...

World Biz Magazine - January 2020

Published on Jan 9, 2020

World Biz Magazine is a leading business magazine for business leaders across the globe. World Biz Magazine combines CEO Interviews with ins...

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