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WORLD BIZ THE BUSINESS OF LEADERSHIP

SPRING // MARCH 2019

GLOBAL C-SUITE

INNOVATION/ CSR/ FDI/ INVESTMENT


World Business Magazine March 2019 Editorial Mike Walters Editor in Chief Giles Anderson Deputy Editor Contributors Troy Richards Mark Davidson Anne Chu Victoria Abbott Mahmoud Ayub Matt Lee David Sanchez Marketing / Web John West Advertising Alice Carreras Interns Zayne Walters Micah Sayed Director Yeliz Cilar

www.worldbizmag.com editor@ceoyear.com

WB

Published quarterly by prbd global www.prbdglobal.com All Rights Reserved.

THE BUSINESS OF LEADERSHIP


Korea FDI - 004 Neutrinovoltaic - 008

<< Contents

GrowPod - 011 Lyon Innovation - 012 Asian Real Estate - 014 Mongolia Economic Growth - 016 PAL-V Flying Car - 019 EMEA Datacenters - 020 Taiwan AIoT - 022

Antwerp Port, Investment Chemical concern INEOS invests 3 Billion Euros in Port of Antwerp.

Antwerp Port - 024 China Aerospace - 026 Kawasaki Skyfront - 028 Global 5G Cost - 031 US Trade Growth - 032 Gender Gap in Tech - 034 Cryptocurrency - 036 African Opportunity - 038 Tony Elumelu - 040 Negotiation Tactics - 042 Depth Sensing AI - 044 Energy Transition - 046

Global Prosperity The Mohammed bin Rashid Initiative for Global Prosperity. Innovators tackle Digital Divide, Gender Gap and Digital Literacy among Marginalized Communities.

Global Energy Demand - 048 4IR Leadership Personas - 050 Most Valuable Brands - 054 Circular Economy - 056 TravelZoo - 059 Schneider Electric - 060 The Last Mile - 063 Coffee without Beans - 064 The Bottomless Cloud - 066 Navigating Innovation - 068

Daimler + BMW Daimler AG and BMW to jointly develop next-gen-tech for automated driving.

Talespin - 072 Digital Risk Factors - 074 P08 Blockchain - 077 Lockheed Martin - 078 Global Prosperity - 080 Diageo Gender Equality - 084 Nous Infosystems - 086 Porsche AI Investment - 088 Israel Innovation - 090 Silicon Valley Replacements - 092 The Future Of Transportation - 094 Daimler and BMW Collaborate -096 PepsiCo and Global FoodBanking - 099 Catalonia Innovation - 100 CEO of the Year Awards 2018 - 103

Autonomous Pods Advanced Technologies and the Future of Transportation; A Road to Innovation.


THE HIKE MAGAZINE

Where Success Knows No Limits

KOREA FDI Korea is at the heart of Northeast Asia, one of the world’s top three economic regions. Here are some of the reasons that make Korea one of the most attractive destinations for international investors. Strategic Location As of 2017, the population of the Northeast Asia is 1.6 billion generating about 25% of the global GDP. Within 2,000 km distance from Korea, a global market with 61 cities and 498 million consumers is located. China, Japan and Korea are the important business hub in Asia for the expansion of business. Located between China and Japan, the world’s second and third-largest economies, respectively, Korea is within a 3-hour flight distance from 147 cities with a population of more than 1 million. At Incheon International Airport, 98 airlines operate flights to 196 cities in 54 countries, including direct flights to 41 cities in China and 24 cities in Japan. As the port of Busan, a hub port in Korea, is located at the center of major sea routes, a total of 455 regular routes for container vessels pass through Busan, with 62.5 to China, 79 to Japan, 105 to Southeast Asia, and 111 to North Ameria (*Source: Busan Port Authority). Through its ports in Incheon, Gwangyangman, and Saemanguem, Korea will emerge as the center of logistics for Northeast Asia as its logistics network is connected with that of Japan and the volume of Milk run (a round trip logistics that facilitates distribution or collection) with China increases.

PAGE 004


Korea is a global leader in a wide range of industrial sectors. Already, 223 Fortune 500 companies have entered Korea, and are working with local businesses to increase their global market share.

Korea to Eurasia

Korea is preparing for the industrial era of the future on a

As Arctic shipping routes open up, Korea is poised to become

foundation of strong competitiveness in manufacturing and

a logistics hub for the greater Eurasia region.

technological capabilities that meet or exceed global

The polar route running from Busan through Vladivostok and

standards. It is to take pre-emptive response to the Fourth

on to Rotterdam is expected to reduce the travel distance by

Industrial Revolution and take active measures to the

7,000 km, shipping time by more than 10 days, and shipping

paradigm shift of the industry. It continues to make bold

rates by more than 15%.

investments and support in a long-term perspective. In 2018, the Ministry of Trade, Industry and Energy designated future

Number One in the World

vehicles, new businesses of energy industry, IoT-based home

Korea is a global leader in a wide range of industrial sectors.

appliances, bio/healthcare and semi-conductors/displays as

Already, 223 Fortune 500 companies have entered Korea, and

projects for innovation and growth, and is preparing and

are working with local businesses to increase their global

pursuing a variety of promotional policies.

market share. Traditionally, Korea is a powerhouse in the manufacturing

Global FTA Platform: Korea is the only Asian economy that

industry, with exceptional technological ability and

has signed FTAs with all three of the world’s largest markets -

production capacity. It maintains the world’s largest market

the European Union, United States and China. Korea’s global

share in high-tech manufacturing for semiconductors,

FTA network with 52 partner countries forms the third largest

smartphones and displays, and prides itself in being a top 10

market in the world. Companies from Korea can enter the

nation in terms of manufacturing competitiveness. (Source:

markets of developed countries by capitalizing on Asia’s

Deloitte, global manufacturing competitiveness index 2016)

strengths.

PAGE 005


Innovation nation

rights are the result of aggressive, concerted efforts by the

Korea is a global innovation leader in a broad range of fields,

Korean government over many years.

including ICT platforms and process innovation. Korea has

The patent examination process has been streamlined,

ranked 1st on the Bloomberg Global Innovation Index 2018 for

resulting in examination periods that are significantly shorter

five years in a row, a ranking of the world’s 50 most innovative

than those of other developed nations, such as the United

countries carried out by Bloomberg. Korea ranked especially

States and Japan. This combination of robust IPR protection

high for R&D spending, education and patents.

and speedy patent-related services is another reason Korea is

This culture of innovation is another reason so many

a safe and secure investment environment for foreign

companies have invested in Korea.

investors.

Korea is a pioneer in the information and communications

Business-friendly investment environment

and technology sector. According to the International

Korea provides an ideal environment for business success:

Telecommunication Union’s (ITU) Measuring the Information

world-class infrastructure, intellectual property rights

Society Report 2017, Korea ranked the second among 176

protection, high quality of life, FDI-friendly government

countries in the annual ICT Development Index (IDI).

policies, one-stop investment services and more. In the World

Korea’s ICT innovation extends beyond information and

Bank’s Doing Business 2017 report, Korea was ranked the 4th

communications technology, enabling ICT convergence

easiest place in the world to do business.

across a broad spectrum of fields, including bio, finance, logistics, tourism and culture. Competitiveness of global

Foreign Direct Investment (FDI) in Korea

Korean companies like Samsung Electronics, LG Electronics,

The recent rise in foreign direct investment is attributed to

and Hyundai Motor is built on their ability to maintain and

growing capital inflow from investors in emerging countries

improve their manufacturing processes in a timely and precise

including China and Middle Eastern nations through the

manner. The manufacturing capability based on Korea’s

Korea-China FTA, summit diplomacy, and other policy

process innovation will provide opportunities for domestic

Around 16,000 foreign companies are doing businesses in

and foreign companies that wish to capitalize on process

Korea in a variety of fields including finance, technology,

innovation capability.

motor vehicles and automotive parts, and medical service. Among them, 223 companies are Fortune 500 Global

Affordable, reliable utilities

Enterprises.

Korea’s power, water, and telecommunications infrastructures are among the best in the world. Electricity is

Invest Korea: Invest KOREA has 36 overseas offices and 64

reasonably priced and reliable, while industrial-use water is

investment-promotion specialists around the world to attract

also readily available from regional sources in most cases.

more investment. The overseas offices provide information on

Mobile broadband service is available nationwide, as is same-

Korea’s investment environment to potential foreign investors

day wired or wireless service provisioning.

and carry out various investment promotion activities, including investor relations sessions.

Korea’s IPR protection efforts Korea’s advances in the protection of intellectual property

Visit the Invest Korea Marketplace: www.investkorea.org

PAGE 006


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THE HIKE MAGAZINE

The Next Logical Step After Photovoltaic

NEUTRINOVOLTAIC Energy 24/7 from non-visible Radiation In its early stages solar power also developed quite slowly. Although first implemented in 1958 for space travel, the 70s saw the use of solar cells primarily in small-scale applications such as pocket calculators, and almost 20 years passed before an entire household could be supplied with electricity. The triumph of photovoltaic technology set in at the beginning of the 90s, and now solar power derived from the visible spectrum is all-pervasive. Today the next stage in this evolutionary process is at hand: Neutrinovoltaic! The Neutrino Energy Group is presently developing innovative high-tech materials on the basis of spiked carbon derivatives that can be used to convert a portion of the non-visible spectrum into electricity. Neutrinovoltaic can be compared to a solar cell that provides power even in total darkness, and it will soon be possible to supplement conventional photovoltaic with this new technology. "We need to face the challenges of the future," urged Holger Thorsten Schubart, CEO of the Neutrino Energy Group. "Subjects such as energy production and environmental protection are more relevant today than ever before, and they require future-oriented thinking as well as innovative, longterm solutions. We need new technology that can help us to move away from the use of fossil fuel and thus free us from our dependence on the countries that possess these resources." Schubart then went on to point out the necessity of utilizing current scientific findings for the development of new approaches in the field of energy technology.

PAGEÂ 008


Schubart also criticized the way in which the general public is

Collision with extremely dense Matter: Similar to the

kept in the dark about the latest breakthroughs in neutrino

process by which wind causes the blades of a windmill to spin,

research and emphasized their vast potential to solve our

neutrinos can set molecules in motion. However, in order to

present problems. "It is incontrovertible that invisible

do this, the neutrinos must strike an extremely dense

radiation from space offers us more energy on a daily basis

material. As they penetrate this material, they give up a small

than all of the world's remaining fossil fuel reserves

portion of their kinetic energy. Enormous numbers of

combined. This enormous energy source must be tapped.

neutrinos bombard each point of our planet in an

That has to be the focus of sensible research for the future,"

uninterrupted stream: 24 hours a day and thus even in total

demanded Schubart.

darkness. It is estimated that approximately 60 billion neutrinos pass through a square centimeter of the earth's

Germany in Last Place: Important findings regarding

surface each second.

neutrinos are already acknowledged by the United States and many other countries, but they have not yet reached the

Under normal conditions, neutrino activity cannot be

German scientific community. According to Schubart,

perceived, because the materials which are to be found in

Germany presently holds last place globally with respect to

nature are not dense enough to be affected by them on a

applied research. "It is, of course, exciting to know the origin

regular basis. Some scientists speculate, however, that

of a single neutrino, or to be able to document neutrino

neutrinos do in fact influence or even cause certain biological

activity in the eternal ice at the South Pole and to capture a

processes, even though they presently remain unnoticed.

particle every now and then, but one should never lose sight

Incontrovertible is the fact that neutrinos make up a massive

of the actual goal of the millions and millions being spent on

amount of the energy of our universe. The challenge for future

this research, namely the acquisition of knowledge that can

generations is to tap this energy by means of neutrinovoltaic

help us to create a better world," said Schubart.

technology.

Citing the official standpoint of the United States Department of Energy, the CEO of the Neutrino Energy Group said: "Recent

In cooperation with highly specialized material researchers,

scientific findings have now put us in a position to be able to

the Neutrino Energy Group has succeeded in developing and

derive energy from invisible, high-energy cosmic and solar

patenting a material that is dense enough to be affected by

radiation using neutrinovoltaic technology."

neutrinos (Atomic Vibrations at Nano Materials). The cores of neutrinovoltaic cells will be made of precisely this substance.

At the beginning of 2015, the Neutrino Energy Group had already published its theory on the conversion of non-visible

Vertical and horizontal Impulses: In order to attain the

cosmic radiation into usable energy, and this was then

required effect, several extremely thin layers of spiked

indirectly corroborated by the research of the Nobel Prize

graphene and silicon are applied to a suitable substrate. When

laureates in Physics in 2015 who proved that neutrinos

neutrinos pass through these layers, they are not captured,

possess mass. Two years later, scientists from the University

but they do give the graphene vertical impulses, while the

of Chicago were able to demonstrate that neutrinos are

silicon particles are caused to move in a horizontal direction.

actually able to cause molecules to move, and this finding

When the layers are of an optimal thinness, these atomic

represents the very foundation of neutrinovoltaic technology.

vibrations create a resonance that is carried over to

PAGEÂ 009


the substrate, and the resulting kinetic energy can be

Patent Number WO2016142056A1: Professor Günther

converted into electricity. The larger the area, the more power

Krause, a scientific partner of the Neutrino Energy Group,

is produced, and even a simple calculation suffices to

pointed out that in order to fully utilize the energy of cosmic

demonstrate that enough electricity can be produced to one

radiation – neutrino radiation in particular – newer, firmer,

day render power cables and electrical sockets things of the

harder, and at the same time more elastic composites must be

past.

developed, because they play a critical role in converting the kinetic energy arising from the collision of neutrinos with

One of the most promising Approaches: "We are presently in

molecules into electricity.

the 21st century: Space travel is a reality; surgeons operate using lasers; and we all have smartphones with touchscreens.

In this context, Krause pointed to a patent submitted under

But when it comes to energy production, we are, figuratively

the number WO2016142056A1 and stated that after the

speaking, still standing in a phone booth that only takes coins

completion of extensive laboratory testing, practical solutions

and has a rotary dial," said Schubart. Former Austrian

need to be developed that will make it possible to use the

Undersecretary Gernot Spanninger called for more courage:

renewable and virtually unlimited electricity that can be

"We need to create opportunities for innovation, not block

gained from this technology. He also made it clear that these

them with an overemphasis on tradition and fear! In this

new approaches will require new methods and thought

context, the motto is: The necessity for a technological

processes. According to Krause, the implementation of this

revolution in the field of energy production cannot be

environmentally friendly technology will ultimately lead to a

asserted clearly enough – or often enough." Spanninger sees

revolution in the field of energy production and also to a

the current Global Risk Report as a confirmation of the

stabilization of the global climate.

findings of latest Climate Change Conference in Katowice: "The greatest dangers at this time are climate change and the

Professor Krause summarized: "Now that it has committed

extreme weather conditions that result from it. Our climate

itself to a departure from nuclear energy and coal, the German

and the wellbeing of future generations cannot tolerate

government must concentrate on the opportunities presented

further delay. It is time to put the latest scientific findings into

by neutrino radiation as its main option for supplementing

practice! Neutrinovoltaic technology offers undreamed-of

renewable energy resources."

possibilities in the field of energy production. It is one of the most promising approaches in the worldwide development of energy technology."

Website: www.neutrino-energy.com

PAGE 010


Solutions To Help Feed Earth's Growing Population

GROWPOD Modular micro-farms provide additional food production to meet global needs, and bring healthy produce to underserved areas. GP Solutions a leading developer of automated micro-farms, announced its new systems can help meet the food production needs for the future. Earth's population is 7.68 billion, and is expected to grow to over 9 billion within 30 years. According to a report from the University of Minnesota, "To feed those who are currently hungry - and the additional 2 billion-plus people who will live on the planet by 2050 - our best projections are that crop production will need to increase between 60 and 100 percent." However, with scarcity of land and resources, this poses immense challenges. "Further expansion of agriculture is a poor solution to meeting future needs because we're using nearly all of the land that's suitable for agriculture already," the report emphasized. "Relying on increased production will be an important solution, but not a sufficient one." Additionally, food isn't being grown near where it is needed. According to the United Nations, 815 million people in the world are under-nourished. GrowPod is part of the solution. GrowPods are modular, scalable, transportable, indoor "micro-farms" that grow high quality, pathogen-free foods using a fraction of resources required for conventional farming. The system utilizes both hydroponics and soil-based platforms along with proprietary air and water filtration, to create the perfect environment for growing food virtually anywhere, in any season or climate. GrowPods can be installed in just hours, so as demand rises or shifts, it is easy to put additional pods into service. GP Solutions: GP Solutions designs "GrowPods" â&#x20AC;&#x201C; innovative indoor micro farms that provide optimum conditions for plant cultivation with total environmental control. For more information: www.growpodsolutions.com

PAGEÂ 011


LYON - FRANCE'S SECOND CITY AND THE LAND OF INNOVATION Over the centuries, many Lyonnais have made their mark in

Moreover, 5 international clusters are located in Lyon:

the history of science, art and creation: the Lumière brothers

Lyonbiopôle (vaccines and diagnostics)

(inventors of cinema), André Ampère (for his achievements in

Axelera (chemicals and the environment)

Physics), and Claude Bernard & Marcel Mérieux (in the field of

LUTB Transport & mobility systems (urban transport systems)

medicine).

Techtera (technical textiles)Imaginove (Content and digital)

Lyon has always been a land of innovation and it continues to

Among other flagship projects, the Confluence district is one

develop research centres and scientific clusters at the cutting

of the most ambitious plans to extend a city centre in Europe!

edge of life sciences, green-tech and digital technology.

Designed over 150 hectares, the Lyon-Confluence project will double the size of the city centre by 2025, while adhering to

Because it is a dynamic city that embraces growth and

the climate plan.

innovation, Lyon rivals a number of major European cities: > Lyon has the 2nd highest number of patents filed in France. > Spending on R&D in the Rhône-Alpes region is comparable to that of Finland, Denmark, Madrid and Barcelona combined. > R&D: 5,6 billion euros is invested in the region annually (12% of the national total).

1st smart city in France 2nd digital cluster in France 600 public and private laboratories PAGE 012


France’s ‘Silicon Valley’

THE HIKE MAGAZINE

Both a business and residential district, LyonConfluence has already attracted a number of investors who are seduced by its location between the Saône and Rhône rivers, the multiple transport modes that serve the area and its proximity to the historic centre. Lyon has also played a pioneering role in other innovations in the region, such as a city bike system to encourage citizens to adopt environmentally-friendly behaviour; Lyon’s Vélo'V, gave rise to the Parisian Vélib'. The soft modes tunnel to Croix-Rousse, which can be taken by pedestrians and cyclists, is another example. Moreover, a 24hr self-service car-sharing system is on the rise in Lyon foreshowing the transport modes of tomorrow’s city. The Lyon Gerland Biodistrict With 5,000 jobs in health and biotech, 30 public laboratories and over 2,750 researchers concentrated over one hundred hectares, the Lyon-Gerland Biodistrict was launched in 2014. This district is a hive of innovation that groups together higher education & research establishments, high level infrastructure, key industrial players and a growing number of SMEs specialised in human and animal health. At its head are world renowned companies: Sanofi, Mérial, Genzyme among others. Lyon French Tech, France’s ‘Silicon Valley’ Lyon has been awarded the ‘Métropole French Tech’ label, thanks to an enterprising digital ecosystem (including some of France’s biggest players), an ambitious development strategy, motivated actors, operational programmes to serve the growth and visibility of start-ups, dedicated workspace and infrastructure to aid the development of these companies. This label is the result of a strong collective effort within this digital ecosystem and by all of its actors and it proves that Lyon creates the right conditions for start-ups to develop and expand internationally through support programmes, infrastructure and networking.

For more info: www.lyonfrenchtech.com

PAGE 013


ASIAN CITIES LEAD IN GLOBAL REAL ESTATE MOMENTUM - Report by JLL

JLL's City Momentum Index reveals where in the world to find highest levels of socio-economic and commercial real estate dynamism. Asia Pacific is home to 19 of the top 20 cities, highlighting the continuing shift of fast urban growth from the West to the East, according to the sixth City Momentum Index published by JLL. The absence of European and American cities demonstrates a marked East-West growth divide, reflecting Asia's continued rapid urbanization and economic growth, driven by globalization, innovation and demographic factors. Overall, Indian and Chinese cities dominate the rankings, accounting for three quarters of the top 20. Leading the pack are Indian cities Bengaluru and Hyderabad, followed by Vietnam's Hanoi in third place. The only nonAsian city on the list is Nairobi, in sixth place, which is heavily influenced by significant amounts of infrastructure-focused investment from China. Jeremy Kelly, Director of Global Research at JLL says: "Asia continues to show strong momentum, with cities that are successfully expanding their innovation economy punching above their weight in terms of attracting capital, companies and people. "It's clear that the tech sector is a key driver of both real estate and economic momentumâ&#x20AC;&#x201C;driven by large technology firms as well as dynamic start-ups in cities like Bengaluru, Hyderabad, Ho Chi Minh City and Shenzhen." Although the global economic cycle is in its late stages, there are still many cities in the world where real estate and economic growth continue to be robust. But while strong growth brings opportunities for economic and social development, it also brings challenges that cities must address to ensure short-term growth transitions into long-term momentum. Investing in infrastructure and greater transparency is essential to facilitate this transition. PAGEÂ 014


Kelly adds: "These cities need to address the environmental

playing out in Chinese cities, such as Beijing and Shanghai,

and social impacts of rapid growth such as social inequality,

which are both on the cusp of joining the ranks of the world's

congestion and environmental degradation. The provision of

transparent real estate markets. "Transparency is vital in

smart, efficient and productive real estate and increased

securing the long-term investment that leads to sustainable

transparency are key factors in driving long-term, sustainable

growth. With strong governance and planning, the private

growth."

sector can work with city governments to drive change and bring benefits to the real estate market and wider

Investment in transformative real estate drives growth

commerciality of a city," concludes Kelly.

Thoughtful and innovative developmentâ&#x20AC;&#x201C;such as regeneration projects with a long-term vision that nurture

Methodology: JLL's City Momentum Index measures

new businesses and improve livesâ&#x20AC;&#x201C;is essential, as are large-

momentum for 131 of the world's most commercially active

scale infrastructure projects that help combat problems

cities by tracking a range of socio-economic and commercial

around congestion and improve accessibility, according to

real estate indicators over a three-year period to identify the

Kelly. Manila (ranked 12 in this year's Index), for example, is

urban economies and real estate markets undergoing the

one of the densest cities in the world, with an expanding

most rapid expansion. The City Momentum Index presents a

population. The government has committed to an extensive

weighted overall score for the sub-scores of 20 variables.

infrastructure building program, 'Build Build Build', which

For each variable the model calculates a score based on the

includes more than 2,000 projects. These are expected to

city's performance relative to the distribution of all 131 city

improve congestion, increase power reliability, reduce the

regions, scaled from zero to one. The top-scoring city for each

impact of climate change, and redevelop urban areas.

variable has a value of one, while the lowest-scoring city receives a value of zero. Variables focus on indicators of socio-

Smart infrastructure and technology create liveable cities

economic momentum and commercial real estate

Technological innovation in the form of greener and smarter

momentum. All real-estate data is sourced to JLL. Non-real

buildings also plays an important role in answering the

estate data is drawn from a wide range of sources that

environmental challenges brought about by rapid growth.

includes Oxford Economics, United Nations, ACI, GaWC and fDI

The Chinese city of Xi'an, ranked ninth in this year's Index, has

Markets. The Index also sources data from many national

installed an innovative 100-metre-tall air purifying tower to

statistical offices.

reduce smog and improve air quality. JLL (NYSE: JLL) is a leading professional services firm that FDI crucial for long-term momentum

specializes in real estate and investment management.

Sustainable long-term momentum and a maturing economy

Our vision is to reimagine the world of real estate, creating

are often supported by long-term foreign direct investment

rewarding opportunities and amazing spaces where people

(FDI) and transparent governance. India's fastest growing

can achieve their ambitions. In doing so, we will build a better

cities have been successful over recent years, attracting high

tomorrow for our clients, our people and our communities.

levels of FDI, with structural reforms (including the Real Estate

JLL is a Fortune 500 company with operations in over 80

Regulation and Development Act), encouraging more real

countries and a global workforce of 88,000.

estate investment from foreign buyers. A similar story is

For further information, visit www.jll.com

PAGEÂ 015


RETAIL - BIG NAMES ARE MOVING INTO MONGOLIA Mongolia, once a place whose very name conjured up images

thereafter by 2001- 2010. GDP per capita doubled between

of isolation and deprivation has become one of the hottest

2005 and 2012. This economic boom has made many

new frontier market destinations for international and luxury

Mongolians millionaires overnight and affluent locals have

brands in recent years, particularly those catering to higher

begun seeking new ways to enjoy and show off their wealth.

income clients. However, the economy was particularly slowed down by a fall Over the past 28 years, Mongolia has been successfully

in commodity prices and declining investment and private

transforming into a vibrant democracy from a centrally

consumption during 2014 - 2016.

planned socialist economy, resulting higher level of GDP with vast agricultural and mineral resources.

After this downturn, the Mongolian economy strongly

During its transition to a market economy, Mongolian GDP

recovered in 2017 and 2018H1. GDP growth rate increased

had bottomed out particularly in 1993, experiencing a

from 1.2 percent in 2016 to 5.3 percent in 2017 and 6.3

painful “transformational recession” until 2000. The new

percent in the first half of 2018, thanks to growing investment

economy began to recover slowly to positive rates of growth

in the mining sector and higher coal prices and exports. PAGE 016


The changes of GDP growth in these years indicate that the

The size, growing urbanization, and economic development of

country’s economy is strongly dependent on mineral

Mongolia are drawing retailers. With its robust retail track

commodities. Boosted by an incredible amount of minerals

record, relatively low costs and bright macro outlook,

with an estimated value of 1.5 - 2 trillion USD with a relatively

Mongolia looks set for unparalleled consumer and retail

small population, the economy has became one of the hottest

spending over the next decade. More than 100 international

new frontier markets for international investors in various

brands have opened up exclusive franchises or wholly owned

fields.

outlets in Ulaanbaatar to date, the majority in the past eight years. At the same time, there is still a need for brands

Mongolia’s rampant economic growth has had a significant

targeted at mass market consumers to cater to the growing

effect on the purchasing power of households. Working and

local appetite for conspicuous consumption, because many

professional class wages have risen rapidly, lagging just

Mongolians go abroad for shopping and buying designer

slightly behind the overall economy once inflation is taken

goods.

into account. The retail sector that has benefitted from the recent boom has become the hidden hero of Mongolia’s real

Although traditional retail still exists with Mongolian

estate market. Both local retailers and the handful of

consumers doing their daily shopping in open markets and

international brands rapidly started expanding and many

through informal channels, shopping habits continue to

luxury brands like Versace Collection and Burberry have

evolve. Preference for organised retail formats and global

opened shiny new outlet branches in the center of the capital

brands is growing, creating more opportunities for

city. This means that Mongolians have much more disposable

international players. Apparel and luxury retailers are also

income to spend than they did a few years ago. According to

expanding. Youthful clothing brands such as Mango, Sisley

the Mongolian National Statistics Office (NSO), monthly

and Adidas, who entered the market in recent years, are doing

average expenditure on all types of consumption per

great because the Mongolian people are open to giving new

household has significantly increased between 2012 and 2017;

brands and new products a try.

on clothing alone it increased by over 500% between 2003 and 2011. Mongolians are consuming a larger number of higher

Retailers’ interest in any country depends on development of

quality goods than ever before. The retail sector has expanded

new high quality shopping centers corresponding to world

accordingly, rising from less than 14% of GDP in 2008 to 19%

standards. The Shangri-La complex was completed in 2016,

in 2011 even as GDP itself increased by nearly 36% during the

giving international retailers an opportunity to set better

same period.

terms of occupancy in the business district of Ulaanbaatar. The country has numerous large shopping malls in the city,

Developers have tended to focus on high-end office and luxury

namely Central Tower, Khunnu Mall, Naadam Center, and

residential complexes over the last few years and have

Naran Mall, among others. Convenience stores and mini-marts

neglected the needs of a growing consumer class.

have started growing in Mongolia in recent years. Trendy food

Rental prices in the retail sector have yet to catch up to the

and beverage destinations targeting young customers (65

growth of sales. The per meter rental price in Ulaanbaatar’s

percent of the Mongolian population is aged 35 or under) have

prime retail locations is still significantly below that of

newly opened in the city, such as Tom N Toms Coffee, Coffee

comparable locations in other emerging Asia markets.

bean, Tous Les Jours, KFC, and Burger King.

PAGE 017


Mongolia Opportunities

THE HIKE MAGAZINE

Investment opportunities in retail segment across three primary themes: LEAPFROGGING INTO THE DIGITAL ERA Rapid expansion of smartphone market with 1.7 million users is recorded. AI based intellectual work of Mongolian youth is growing and the first fintech financial service company LendMN launched its initial IPO at the Mongolian Stock Exchange (MSE). THE RISING URBAN MIDDLE CLASS More and more households falling in the middle-income segment. According to the forecast the number of households in this segment to pick up to 34.1% in 2022, up from 12.7% in 2018. MODERNIZING ECONOMIES Bank of Mongolia has launched a campaign called “Digital payments in a digital era” in order to promote the widespread adoption of digital currencies and payments. In many ways, the rise of retail in Mongolia appears to mirror the experience of other emerging markets, particularly the so-called “Asian Tiger” economies of the 1990s and 2000s. Mongolia’s demographics, climate, consumption patterns, and unique cultural heritage differentiate it from the rest of the emerging economy pack. Its strong retail track record, low costs and bright macro outlook will propel Mongolia for unparalleled consumer and retail spending over the next decade. Many international partnerships have significantly exceeded their owners’ expectations, as the appetite for luxury and mid range western brands within Ulaanbaatar has proved to be more substantial than companies’ projections thought possible. Asia Pacific Investment Partners is the oldest, largest, and most reputable Mongolian real estate agent. We are a real estate intermedeiary and advisory firm offering agency, representation, property, management, property valuations, interior design, furnishing and financial intermediation services. Company website: www.apip.com

PAGE 018


PAL-V UNVEILS THE PRODUCTION MODEL OF ITS LIMITED EDITION FLYING CAR At the Geneva International Motor Show (GIMS) 2019 PAL-V

Amongst other features, the PAL-V Liberty Pioneer Edition is

unveiled the distinctive features of the PAL-V Liberty

equipped with a dual control cockpit and the Electronic

Pioneer, world's first production model flying car.

Flight Instrument System. The full carbon package clearly

The 90-piece limited edition is based on the PAL-V Liberty

distinguishes the Pioneer from the standard Liberty as well

which was unveiled last year at the GIMS. It will open the

as a tailor-made interior and exclusive characteristic two

next chapter of mobility.

tone colour scheme.

According to Dingemanse, CEO of PAL-V: "The Pioneer

Developing a flying car takes a long time and a lot of

Edition is for those that want to be part of a unique group

persistence. It's a revolutionary development, especially as

that writes history with us. They will be at the forefront of a

PAL-V developed a commercial vehicle that complies with

mobility revolution, where we will no longer have cars that

existing regulations, very different from an interesting

can only drive.They will be the first carflyers in their

technical concept.

country, FlyDriving to any destination. Last year we already announced that we were going to start with a limited

With the launch of the PAL-V Liberty Pioneer, PAL-V will

edition of the PAL-V Liberty. This year we show the special

open the next chapter of personal mobility. The Pioneer

elements of this limited edition of which delivery starts in

edition gives 90 people in the world the possibility to go

2020," says Dingemanse.

above and beyond. www.pal-v.com

PAGEÂ 019


EMEA DATA CENTER MARKET TO ATTRACT $10 BILLION OF INVESTMENTS The EMEA data center colocation market is estimated to

which came into effect from May 2018.

attract investments worth around $10 billion by 2023,

The implementation of GDPR is boosting the investments

growing at a CAGR of approximately 8% during 2017-2023.

and demand for colocation services across several countries in the Europe market. The rapid deployment of

The electrical infrastructure segment dominated the

innovative facilities namely, modular, containerized, and

largest market share in 2017, growing at a CAGR of more

POD facilities will boost revenues in the European data

than 7% during the forecast period. The increasing focus

center colocation market.

on procurement and adoption of efficient, require less maintenance, and reduce space systems are propelling the

POD facilities are a single rack of facilities systems, with

growth of this segment in the European market.

power and cooling integrated to provide higher

The implementation of stringent regulations about privacy

performance for data processing applications at the edge

and security of data processed by facilities and consumers

locations in the market. The exponential proliferation of

is driving the evolution of the European data center

internet across the Eastern European and Africa region will

colocation market. In April 2016, the European Union

positively impact the European data center colocation

adopted the General Data Protection Regulation (GDPR),

market. The growing popularity of district heating concept PAGEÂ 020


across the region will transform the European data center

The EMEA data center colocation market is witnessing the

colocation market during the forecast period. The facilities are

expansion and construction of new facilities across the region

the major consumers of power and water in the market. The

due to the implementation of GDPR. The leading facilities

process of converting the disadvantage of operating a facility

operators are deploying facilities with over one million net

in a locality to its advantage by supplying waste heat emitted

rentable white space to service retail and wholesale facilities

by servers to cool district homes during winters is district

customers.

heating. Some of the other prominent providers of datacenter service The wholesale colocation services are the fastest growing

in the European market include T-Systems, Kepple DC, Colt

segment in the market, at a CAGR of more than 13% during

DCS, TeliaSonera, Iliad Datacenter, Telefónica, Euclyde, and

the forecast period. In 2017, various large enterprise

Interoute. The growing demand for cloud services will create

businesses and global cloud providers were the largest users

new avenues for service providers operating in the market.

of wholesale services in the European market. The leading

Vendors such as Equinix has developed an estimated net

service providers are offering customized wholesale

rentable area of around 500,000 square feet across 14 facilities

colocation solutions, where the pre-leased customer can work

that were opened and under construction in 2017 to attract a

with the service provider to design and develop the facility

maximum number of consumers in the market.

according to the customer's IT infrastructure operational

The entrant of pure-play colocation providers will increase the

requirement. Personalization of services will boost the

level of competition in the EMEA data center colocation

demand for these services in the data center colocation

market during the forecast period.

market in Europe. Other prominent vendors in the EMEA data center colocation Western Europe dominated the majority of the market share

market consist of 3data, Aruba S.P.A., Atman (ATM S.A.),

in 2017, growing at a CAGR of around 6% during the forecast

Basefarm (Orange Group), Bezeq International, CenturyLink

period. The UK, Germany, France, Ireland, Spain, Italy, the

(Level 3), Cyxtera Technologies, dcstar, Digiplex, Euclyde,

Netherlands, Switzerland, Portugal, and Austria are the

Flexential, Fortlax, Global Connect, Green Datacenter AG,

largest revenues generators in the Western European region in

Hydro66, Iliad Data Center, Internap, Interoute (GTT

the EMEA market. The Nordic region occupied the second

Communications), IXcellerate, Keppel DC, LDeX Group, Liquid

largest market share in 2017, growing at a CAGR of

Telecommunication,LuxConnect, Mobily, Ooredoo, ST

approximately 12% during the forecast period. The deploy-

Telemedia Global Data Center (STT GDC), Switch SUPERNAP,

ment of hyperscale facilities, spanning over 200,000 square

Telehouse, Telefónica, Teraco Data Environments, Tieto, T-

feet, and rack power density of up to 40kW is propelling the

Systems (Deutsche Telekom), Turkcell, Verne Global, VNET,

growth of the Nordic region in the European market.

and Zayo Group Holdings.

PAGE 021


TAIWAN IS PIONEERING THE AIOT REVOLUTION

The era of Internet of Things is already in its third phase. At the beginning, the goal was for objects to be connected to the network. The second, that they could communicate with each other and interact. And finally, that they were smart. That is, they could be aware of what is happening around them, extract data, analyze it, and make decisions based on it. The Industrial Development Bureau (IDB) presented new

The endless possibilities of the integration of AI with IoT:

solutions aimed to integrate Artificial intelligence in IoT

- Objects that can analyze data, make decisions and make predictions represent the 4th phase of the Internet of Things.

Congress 2019.

- Disruptive technology oriented to integrate Artificial Intelligence (AI) with IoT (AIoT) through 5G network advancements is the main focus of the Taiwan ICT industry.

(Internet of Things) and 5G technology at the Mobile World IDB selected 13 Taiwanese companies with innovative products and solutions to be showcased during the biggest IT conference in the world, which took place in Barcelona.

The endless possibilities of the integration of AI with IoT INDUSTRIAL DEVELOPMENT BUREAU TAIWAN PAGEÂ 022


THE HIKE MAGAZINE

Taiwanese companies and the 4th industrial revolution

The integration of artificial intelligence in IoT will require more powerful connections, hence the importance of new advanced servers that will allow 5G networks to show their full potential. From there, each industry should evaluate their own production processes, determining which parts must be digitized. The industrial processes in assembly lines, the interconnection between different factories, either of suppliers or manufacturers, as well as the management of the finished product, can be managed through AIoT in a more efficient and productive way. AI is appearing throughout the three layers of the IoT architecture, from device connectivity, platform analytics and application services. The IoT industry chain in Taiwan has great advantages in hardware, as well as the flexible and quick responses to product development. Keeping in mind the importance of integration of platforms and systems, Taiwan's industry continues to strengthen its competence in the integration of devices, networking and systems for AI, NB-IoT and edge computing in order to seize the business opportunities different vertical markets, and to facilitate Taiwan's smart city development. Taiwan offers world-class talent and has become a hotbed of AI research in recent times. Along with the world’s top hardware manufacturing capacity, the country attracts global tech giants such as Microsoft and Amazon Web Services (AWS) to set up AI R&D and innovation centers in Taiwan. Amazon Web Services(AWS), an Amazon subsidiary previously announced plans to open a joint innovation center with the New Taipei City Government in January 2018. The joint venture focuses on AI, big data, cloud computing and Internet of Things (IoT), as well as giving technical assistance to Taiwanese cloud computing startups. Microsoft set up an IoT research and development center in Taipei City in 2016 and established an AI research and development hub in Taipei City in January 2018. Microsoft is currently in the process of recruiting 200 technology specialists for its new AI hub. Taiwan has become Microsoft's biggest R&D center in Asia. The partnerships are set to create a comprehensive ecosystem of startup innovation, which will help pioneer the shift from traditional industries into digital markets in Taiwan. According to Gartner, global information technology spending will reach $3.7 trillion US dollars in 2018, up 4.5 percent from 2017 and Internet of Things, big data, Artificial Intelligence, and blockchain will be the main force driving tech growth. AIoT Taiwan: www.aiottaiwan.com

PAGE 023


WORLD FDI

Port House Antwerp, Belgium by Zaha Hadid Architects

CHEMICAL CONCERN INEOS INVESTS 3 BILLION EUROS IN PORT OF ANTWERP INEOS, one of the largest chemical

INEOS plans to build a brand-new

concerns in the world, has chosen the port

propane dehydrogenisation (PDH) plant

of Antwerp as the location for a mega-

and an ethane cracker unit in Antwerp.

investment of 3 billion euros representing

These will respectively convert propane

400 new jobs.

into propylene and ethylene as the raw materials for chemical products.

The capital outlay is the largest in the

These products find their way into many

European chemical industry in the past

industries including car manufacturing,

two decades. With the securing of this

building construction, clothing, cosmetics

large-scale investment project Antwerp

and personal grooming products,

further reinforces its role as the largest

pharmaceuticals, electronics and

chemical cluster in Europe.

packaging materials.

Largest investment in the European chemical industry in 20 years

In 2018 the Austrian chemical concern Borealis also announced it would invest over 1 Billion Euros in the Port of Antwerp. PAGEÂ 024


The investment by INEOS confirms and strengthens the competitiveness of Antwerp’s chemical cluster in Europe

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Antwerp as a most attractive location Earlier last year INEOS announced that it planned a large-scale investment for further expansion of its chemical production facilities. Various European locations were considered, but ultimately the British chemical group opted for Antwerp. INEOS CEO and chairman Jim Ratcliffe: “There are three reasons why we have chosen for Antwerp. We started here in 1998. We know the people here and have nine plants in Belgium and 2,500 employees, and Antwerp is highly competitive regarding connectivity with the European chemical cluster”. Of crucial importance is the fact that INEOS’ products will be destined for the many companies in the Antwerp chemical cluster. Port of Antwerp: Most competitive chemical cluster in Europe The investment by INEOS confirms and strengthens the competitiveness of Antwerp’s chemical cluster in Europe. Earlier in 2018 also the Austrian chemical concern Borealis announced it would invest 1 billion euros in the port of Antwerp. Jacques Vandermeiren, CEO of Antwerp Port Authority comments: “It is naturally very good news that INEOS has selected our port for this major new investment. It once more demonstrates that we as the largest integrated chemical cluster in Europe are very attractive to international investors. This mega-investment brings the total amount of new capital expenditure that we have attracted to Antwerp over the past year to more than 5 billion euros. This will undoubtedly help to secure the presence of industry here in Antwerp.” New plants operational by 2024 The new production plants of INEOS are expected to be operational by 2024. Once the plants are up and running they will provide 400 full-time jobs directly and five times that number indirectly. Some 3,000 people will be employed during the construction phase. For more information about the investment by INEOS visit: www.ineos.com | www.portofantwerp.com For more information about Antwerp’s chemical cluster visit: www.businessinantwerp.eu.

PAGE 025


INVESTING IN CHINA'S COMMERCIAL AEROSPACE INDUSTRY China's private space launch firm, LandSpace, recently

Private firms like LandSpace can add value by becoming a

announced that it had closed the series B+ round of financing

beneficial market supplement to traditional state-owned

at ¥300m RMB ($43m USD), led by China Growth Capital with

firms. LandSpace can greatly shorten the R&D time of small

Zhongji Investment, 36Kr, Juzhuo Capital and others,

and medium-sized liquid oxygen methane engines in China

bringing the total raised by LandSpace to over ¥800m ($115m

and effectively reduce the cost of commercial launches in the

USD). The purpose is to create a new commercial aerospace

future."

ecosystem consisting of the development, production and testing of the new liquid rockets.

This financing round of LandSpace will be mainly for the R&D of the 80t liquid oxygen methane engine "Tianque" (TQ-12)

Wayne Shiong, Partner of China Growth Capital (CGC), a

and the medium-sized liquid launch vehicle "Zhuque 2" (ZQ-

leading investor, said, "Following the recent successful

2); both are flagship products of LandSpace. The trial run of

landing of the robotic spacecraft, Chang'e-4, on the far side

short nozzle state thrust chamber for engine "Tianque" (TQ-

of the moon on 3 Jan 2019, we are confident in the growth of

12) has been completed by the end of September 2018.

the Chinese aerospace industry for the coming decades.

It is expected that the test run of the whole system will be PAGE 026


Aerospace China

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completed in the first half of 2019. The mediumsized liquid launch vehicle "Zhuque 2," which is developed based on the engine "Tianque" (TQ12), is planned to have its maiden voyage in 2020. Zhang Changwu, CEO of LandSpace, believes the privately held firm's remarkable progress is attributed to a clear commercialization strategy and strong technical team. In the future, LandSpace will adhere to its true and tested technical strategy and continue to contribute to China's aerospace industry. LandSpace will focus on R&D, manufacturing and supply chain management, in order to meet the needs of the upcoming commercial launch in 2020. About LandSpace LandSpace Technology Corporation Ltd. is a Chinese private aerospace enterprise engaged in the R&D and operations of launch vehicles. Focusing on small and medium scale commercial aerospace application market, LandSpace is devoted to the development of Liquid-fuel Rocket Engines (LREs) and low-cost commercial launch vehicles with independent intellectual property rights. About China Growth Capital China Growth Capital is a leading early-stage venture capital firm in China with an extended interest in Silicon Valley. The firm funds seed to Series B in fintech, enterprise tech and Internet consumer sectors. Since its founding in 2006, China Growth Capital has grown to manage 8 Billion RMB (approximately 1.2 Billion USD) in asset under management across its different RMB and USD funds, with close to 300 portfolio companies. In addition to spaces technology, China Growth Capital has also recently invested in industries such as enterprise software, fintech, medtech, argritech, e-commerce and artificial intelligence etc. For more information please visit: www.landspace.com www.chinagrowthcapital.com

PAGEÂ 027


KAWASAKI: ASIA'S SILICONE VALLEY FOR ADVANCE MEDICINE “The Kawasaki INnovation Gateway SKYFRONT is the first

leading corporations and laboratories in the areas of health,

important step in establishing the Tonomachi area of

medicine, welfare and environment. Also designated as a

Kawasaki City as Asia’s Silicon Valley".

special zone under the country’s new growth strategy, various privileges are offered to those operating at Kawasaki

The area is the flagship science and technology innovation

KING SKYFRONT.

hub of Kawasaki City. KING SKYFRONT is a 40 hectare area located in the Tonomachi area of the Keihin Industrial Region

Taking advantage of its exceptional access on land, sea and

that spans Tokyo and Kanagawa Prefecture and Tokyo

air, Kawasaki KING SKYFRONT is pursuing the goal of

International Airport (also often referred to as Haneda

becoming the world’s highest-standard R&D hub.

Airport). KING SKYFRONT was launched in 2013 as a base for

Specifically, methods to cure Alzheimer’s disease, cancer and

scholars, industrialists and government administrators to

spinal cord injury are being studied and developed, together

work together to devise real life solutions to global issues in

with the development and manufacturing of innovative drugs

the life sciences and environment. Kawasaki KING SKYFRONT

and medical equipment, such as the design and production of

is a global innovation hub attracting the world’s

state-of-the-art medical robots. PAGE 028


These actions are progressing steadily at Kawasaki KING

The areas surrounding Kawasaki KING SKYFRONT are unique

SKYFRONT, in order to overcome issues faced by the modern

for accumulating numerous global corporations, joint venture

world to create a healthy society, while promoting sustainable

businesses, new businesses, medium and small-sized

growth of the global economy.

businesses with advanced manufacturing skills, as well as

Internationally speaking, Japan is one of the few countries in

petrochemical factories and raw material industries.

the world that lead the movement to create new drugs.

Since manufacturing and R&D are ideally conducted in close

Together with the U.S. and Europe, Japan possesses all

proximity, Kawasaki KING SKYFRONT serves as an optimal

elements required to nurture knowledge-intensive industries,

location with a high global potential for bringing birth to new

and the country demonstrates leadership over other Asian

technologies.

countries in this area. Furthermore, Japan has a rapidly aging population and a declining birth-rate, faster than many other

Green

countries. As such, products and services that respond to the

As the nucleus of the Keihin Industrial Zone, Kawasaki

medical and consumer needs of the elderly society are

supported the rapid economic growth era of the nation.

expected to create many new business opportunities.

The flip side of rapid industrialization, however, was the degradation of the environment, including air and water

Concentration of Expertise

pollution on a massive scale.

In addition, Kawasaki City’s action of matching personnel,

In order to overcome this problem, Kawasaki City jointly

technology and industrial platforms in eco-tech areas is likely

worked with corporations to recover clean air and water.

to bring birth to many more new products, service and

Consequently, much knowledge and human resources in

technologies at Kawasaki KING SKYFRONT.

pollution control is now recognized in this coastal area.

The City looks forward to such movements to improve the

Taking advantage of this, Kawasaki City is currently focusing

global environment and incubate numerous large-scale

on the utilization of hydrogen energy as a prime technology in

business opportunities.

“green innovation.” Such action of the City is very timely and

New business opportunities for product and service

likely to become an advanced model, since the industrial area

development, as well as the need for advanced medical care

adjacent to Kawasaki KING SKYFRONT has a massive

are generated by the 37 million population of the greater

hydrogen demand, and the area serves home to numerous

Tokyo area where Kawasaki KING SKYFRONT is located.

fuel cell-related corporations.

As of 2012, the area housed 4,933 corporations and 1,165 research institutions, as well as 35 universities and graduate

Location - Advantages

schools with science and engineering departments, and

Kawasaki KING SKYFRONT is the Tonomachi development

46,000 people employed in R&D work. All of this combined

area of Kawasaki City, situated on the opposite shore of Tama

suggests the great potential of Kawasaki KING SKYFRONT to

River. Facing the Haneda International Airport and covering

respond to constantly changing, advanced market needs.

an area of approximately 40 hectares, concentrated here are

Since many leading corporations locate their headquarters in

the world’s forerunner corporations and research institutes in

the greater Tokyo area, Kawasaki KING SKYFRONT’s

the areas of health, medicine, welfare and environment.

geographical position also serves as an ideal front for the R&D

Here, industry, government and academia collaborate

facilities to work closely with their sales / business divisions.

dynamically beyond various barriers and restrictions.

PAGE 029


THE HIKE MAGAZINE

Japan's Medical Gateway

Halfway between Tokyo and Yokohama, the city of Kawasaki belongs to the greater Tokyo district: the largest political, social and economic hub of Japan. Kawasaki is a lively city, with excellent traffic access and a comfortable living environment. As such, Kawasaki’s population has been growing steadily over the past decade, marking the highest growth rate among the 20 government- designated cities of Japan, and exceeded 1.5 million in April 2017. Located right in the heart of greater Tokyo, many important cities of Japan are within the 30 kilometer radius of Kawasaki KING SKYFRONT. Furthermore, Kawasaki KING SKYFRONT offers a logistical advantage by sea as it is in the center of Keihin Port. In addition, it is at the interchanges of numerous expressways that extend north to south, east and west. Kawasaki KING SKYFRONT is also just 600 meters away from the Haneda International Airport, the hub of numerous flights to and from Asia and the world. Taking full advantage of this aerial gateway, as well as other available excellent transport infrastructure by sea, road and railway, day trips from Kawasaki KING SKYFRONT can be made throughout Japan and some Asian countries. This will be enabled further with the construction of a bridge that directly links the Kawasaki KING SKYFRONT with the Haneda International Airport, to be completed in 2020. Furthermore, located at Haneda International Airport is the Tokyo International Air Cargo Terminal (TIACT), an exclusive facility for medical drugs (medical gateway), where drugs for clinical test purposes are preserved at the proper temperature, and are maintained under strict security control. This medical gateway also assists Kawasaki KING SKYFRONT’s corporations and research facilities by allowing swift and efficient transport of their drugs to any medical institution within or outside Japan. Furthermore, a direct link road will be completed by 2020, connecting Kawasaki KING SKYFRONT to Haneda International Airport, Japan’s main aerial gateway to the world. Close to Kawasaki KING SKYFRONT are numerous attractive natural settings and cultural facilities that can be reached within minutes. For more information: www.king-skyfront.jp

PAGE 030


TECH

Tony Wonfor, Greensill managing director and telecoms finance specialist says: "Spending on 5G roll out is just the thin end

GLOBAL 5G ROLL-OUT WILL NEED $2.7TN INVESTMENT IN NEXT TWO YEARS

of the wedge. This project is actually about

- Greensill research shows magnitude of funds needed by end of 2020 - $1tn for telecoms infrastructure plus $1.7tn for "Internet of Things" - Alternative finance needed to meet funding requirements

manufacturing process, then right through

funding the growth of the Internet of Things and industrial connection to that." "In the automotive industry, for instance, 5G will be important for tracking components through the supply chain and in to the to an end product that has connectivity beyond anything we have seen so far," Wonfor adds. Many companies are facing significant challenges in meeting these huge funding requirements as traditional banks alone cannot provide all the necessary funding. Greensill is filling the funding gap with innovations such as Supply Chain Finance, Accounts Receivable Finance and other working capital solutions. Lex Greensill, Greensill founder and CEO, says: "Greensill counts many of the world's leading telecoms and industrial companies as clients primarily because of our success in innovating financial solutions across this space. We see our products such as handset financing and other working capital solutions as crucial to the successful roll out

The real cost of rolling out and implementing 5G telecoms technology across all sectors of the economies worldwide is expected to reach at least $2.7 trillion by the end of 2020, this is according to research by Greensill, the provider of working capital finance. The telecoms sector requires an estimated $1 trillion of investment for infrastructure upgrades to accommodate 5G, a number widely accepted across the industry. Greensill's research shows, however, that the implementation of 5G across the global economy will cost far more – as much as $1.7 trillion more by the end of 2020 alone - as companies rush to assimilate the new technology into everyday products, industrials processes and infrastructure – otherwise known as

of 5G globally." Greensill is the world's leading non-bank provider of working capital finance to companies globally. Founded in 2011 by Lex Greensill, the company provides businesses with alternative sources of funding, allowing them to provide suppliers with the opportunity for faster payment while at the same time preserving their own capital position.

"The Internet of Things." PAGE 031


WORLD FDI

U.S. TRADE WITH THE WORLD TOPPED A RECORD $4 TRILLION IN 2018 U.S. trade hit a new milestone in 2018, according to

"There are three primary drivers behind the records," said

government data released today. For the first time, U.S.

WorldCity President Ken Roberts, who is also a regular

trade with the world topped $4 trillion, and for the first

Forbes.com contributor and member of the Federal

time in 12 years, the United States set records for total

Reserve's Trade and Transportation Advisory Panel.

trade, exports, imports and the size of its trade deficit – all in one year.

"A strong U.S. economy and imports from China – which are connected – and a tremendous surge in oil exports

One record that didn't fall? The U.S. and China missed

helped push U.S. trade past $4 trillion and at the same

surpassing the world record trade between U.S. and

time top the U.S. deficit record set in 2006."

Canada in 2014 by $2.2 billion. U.S. exports to China fell by more than $4 billion in December alone.

The voracious appetite for Chinese imports led to another record, Roberts said. For the first time, one nation, China,

The Census Bureau data was analyzed by WorldCity,

sent imports valued at more than $500 billion to another

which chronicles that commerce in customized

country, the U.S.

TradeNumbers publications, videos, online data, and events for a wide range of markets, from the Port of Los

For the year, U.S. trade totaled $4.21 trillion, with exports

Angeles to Miami International Airport, the Port of Virginia

at $1.66 trillion and imports at $2.54 trillion. The U.S.

to border crossings in Eagle Pass, Laredo and Pharr,

deficit with the world was $878.68 billion.

Texas.

PAGE 032


PAGE 10

"It's very easy to get hung up on the deficit, which is quite a large number," said Roberts, whose company hosts

USA BREAKING RECORDS

events across the U.S., produces weekly Trade Matters videos, and updates data monthly: ustradenumbers.com for every U.S. airport, seaport and border crossing. "But relative to total trade, it's not much bigger than it was decades ago. For every dollar of U.S. trade in 2018, 40 cents was a U.S. export, the same as eight of the last 10 years." WorldCity is a Miami-based company that has been producing annual TradeNumbers publications since 2001. It uploads monthly data for every U.S. port, trade partner, export and import. www.worldcityweb.com

PAGE 033


THE GENDER GAP IN TECH AND HOW TO FIX IT - Women Tech Council Women Tech Council (WTC), a national organization based

Released in conjunction with International Women's Day, the

in Silicon Slopes focused on increasing the number of

report expands other research of the technology sector by

women in technology, recently released a research report

moving past siloed and individual components to the

documenting the gender gap in the tech sector and the

programs and policies that have created inclusive cultures in

practices that are effectively closing it.

some of the industry's most successful technology companies.

The report focuses on the four key areas needed for

The research finds that when woven together and

technology companies to accelerate the creation of more

implemented simultaneously, the following four areas drive

inclusive and diverse teams and cultures for women in tech.

talent retention and high performance: - Executive engagement (active support from the CEO,

"In order for a company to attract and retain the best talent

executive team and all leadership)

while driving innovation and bottom-line success, inclusive

- Company programming (currently has women in executive

cultures must be rooted in the organization's DNA," said

leadership positions and proactively implements programs to

Cydni Tetro, president of WTC.

support women in technology)

"By moving beyond single-factored solutions to deeper

- Community investment (active participation with the broader

measures that anchor gender inclusivity firmly into an

community to learn from and share best practices regarding

organization, the practices outlined in this research can

culture and inclusion)

help increase the number of women across the technology

- Women's or Diversity & Inclusion group (formal programs to

sector today and ensure that diverse workforces are

support women internally)

sustained in the future." PAGEÂ 034


THE HIKE MAGAZINE

Gender Gap in Tech

In addition to releasing this report, WTC also unveiled additional resources to help technology companies create more inclusive and diverse teams for women in tech: The 2019 Shatter List showcasing technology companies that are actively implementing programming under these four areas to create more gender-inclusive cultures and helping break the glass ceiling for women in tech. See the 2019 Shatter List at www.womentechcouncil.org. Women Tech Council also today released the first series of Best Practices from WTC's Diversity & Inclusion Forum detailing specific programs implemented by technology companies to close the gender gap and create more inclusive cultures. Each Best Practice documents a program by Workfront, Pluralsight and Adobe that created measurable impact on gender inclusivity and provides insights to enable implementation by other technology companies. "Regardless of product or vertical, research shows creating inclusive environments that leverage the talent of diverse teams propels a company's overall revenue and profitability," said Cydni Tetro, president of WTC. "Identifying and disseminating the practices that are making real impact towards gender inclusion helps accelerate adoption across the technology industry to build a more robust, competitive and diverse community." About Women Tech Council: Women Tech Council (WTC) is a national organization focused on the economic impact of women in the technology sector through developing programs that propel the economic pipeline from high school K-12 to the C-suite. WTC offers mentoring, visibility, opportunities and networking to more than 10,000 women and men working in technology to create business environments focused on inclusivity and high performance. Through this work, WTC propels women in technology careers and the talent pipeline by ensuring a strong, diverse and entrepreneurial technology workforce. For more information on Women Tech Council, visit: www.womentechcouncil.org

PAGEÂ 035


FROM GEEKY TECH TO POPULAR PAYMENT METHOD - 1 IN 10 NOW USE CRYPTOCURRENCY Cryptocurrency, often associated with ‘geeks’ or those

Yet, as people show interest in using cryptocurrency to both

looking to raise cash quickly, has turned into a popular

invest and spend their money, their funds are vulnerable to

payment method. According to a recent report from

being stolen from cryptocurrency wallets, insecure exchanges

Kaspersky Lab, one-in-ten people (13%) have now used it

and Initial Coin Offerings (ICOs).

to make a purchase. There have been high profile incidents where sums of up to However, cybercriminals are also embracing this trend by

$530 million worth of digital tokens have been stolen.

targeting cryptocurrency exchanges and modifying old

Threat actors can use a wide range of practices to steal funds

threats to attack investors. This is leaving people at risk of

from crypto wallets, as well as cryptocurrency exchanges and

losing their savings stored in this unprotected technology, as

ICOs. High profile cases, including when 120,000 bitcoins

hackers develop sophisticated techniques to access funds.

were stolen from segregated customer wallets on Bitfinex four and a half years ago, and when Coincheck was hacked for

There are a growing number of businesses now offering

$530 million in 2018, demonstrate the insecurity of these

cryptocurrency as a payment method, with retailers and food

exchanges and the ease with which cybercriminals can access

outlets now accepting it. Prices are falling and major sports

live networks and cause extensive, irreparable damage.

teams are even partnering with crypto-exchanges. PAGE 036


If all the money in a cryptocurrency exchange is stolen, then it

For consumers who want to continue using cryptocurrency as

simply closes, and nothing can be returned to investors.

an investment and payment method, Kaspersky Lab recommends:

ICOs are particularly at risk because the individuals who set

- Always verifying a web wallet’s address and not following

them up often do not have any background or experience in

links to an online bank or web wallet

cybersecurity. This leaves them unable to protect funds and

- Using cryptocurrency hardware wallets

respond effectively should an incident take place. Ultimately,

- Double-checking recipient addresses, the amount being

the cryptocurrency market still isn’t regulated and there are

sent, and the size of the fee before sending a transaction

no risk assessment mechanisms in place.

- Writing down a mnemonic phrase that allows you to recover a crypto wallet if you lose it or forget your password

Vitaly Mzokov, Head of Verification, Growth Center at

- Installing high-quality security solution, such as Kaspersky

Kaspersky Lab said: “Despite a fall in cryptocurrency prices,

Internet Security (www.kaspersky.com), to safeguard the

there is still a strong desire for digital transactions amongst

devices you use to access crypto wallets and trade on crypto-

consumers. Our consumer research has found that 13% of

exchanges.

people have used cryptocurrency as a payment method, which was surprising to see. However, there are also real

Kaspersky Lab is actively working towards securing the future

dangers associated with online exchanges as they are still in

of cryptocurrencies and ICOs. The company has run a

their infancy. There could be devastating financial

cybersecurity audit for Merkeleon- an Austrian crypto

consequences for consumers if funds are not secure.

exchange software provider – to ensure their solution is protected against potential threats.

“With threat actors becoming more sophisticated in their

To find out more about how consumers feel about their digital

attacks, cryptocurrency exchanges and ICOs are prime targets

payments, visit: www.Kaspersky.com

and offer cybercriminals a straightforward solution to stealing substantial funds due to the lack of cybersecurity measures in

Kaspersky Lab is a global cybersecurity company which has

place. There is also no substitute for vigilance -

been operating in the market for 21 years. Kaspersky Lab’s

if something looks suspicious in any way, do not make an

deep threat intelligence and security expertise is constantly

investment.”

transforming into next generation security solutions and services to protect businesses, critical infrastructure,

Crypto-investors who don’t store money on crypto-exchanges

governments and consumers around the globe.

for security reasons, should remain aware they may face the

The company’s comprehensive security portfolio includes

following difficulties and inconveniences:

leading endpoint protection and a number of specialized

- Exchanges usually incur service fees for withdrawing money

security solutions and services to fight sophisticated and

- Users cannot react to coin prices swiftly if they choose to

evolving digital threats. Over 400 million users are protected

remove their money

by Kaspersky Lab technologies and we help 270,000 corporate

- Numerous operations with fiat money coming from

clients protect what matters most to them.

anonymous sources can raise questions from government regulators

Learn more at www.Kaspersky.com/blog

PAGE 037


MCKINSEY - THERE IS A TRILLION DOLLAR OPPORTUNITY TO INDUSTRIALIZE AFRICA There is a trillion-dollar opportunity to industrialize

growth prospects. The conclusions they draw are distilled

Africa, to meet rising domestic demand and create a

from 3,000 McKinsey client engagements, in-depth

bridge-head in global export markets.

proprietary research and interviews with 40 of Africa’s most prominent business and development leaders. The authors

A new book by McKinsey (McKinsey.com) confirms that Africa

reveal how companies can better understand the African

is poised for economic acceleration, akin to the Asian boom.

market and seize the opportunities for building profitable,

While other geographies are seeing incremental growth,

sustainable businesses.

global companies that get in early and join the African champions shaping the right strategies, can sustain double-

Africa is poised for explosive growth

digit profit growth over the next few decades.

Africa has a fast-growing, rapidly urbanizing population with big unmet needs. This means there is a trillion-dollar

In Africa’s Business Revolution: How to Succeed in the

opportunity to industrialize Africa, to meet rising domestic

World’s Next Big Growth Market (Harvard Business Review

demand and create a bridge-head in global export markets. In

Press, November 20, 2018) Acha Leke, Mutsa Chironga, and

addition, there has been a big push by governments and the

Georges Desvaux detail the research that McKinsey &

private sector to close infrastructure gaps. There is a

Company has done and share insights into Africa’s future

continued resource abundance in agriculture, mining, and oil PAGE 038


and gas, with innovation and investment in these sectors

Acha Leke says: “At the heart of these four imperatives is a

unlocking new production on the continent. The rapid

commitment to doing well by doing good. We have had the

adoption of mobile and digital technologies could leapfrog

privilege of meeting and working with many remarkable

Africa past many obstacles to growth.

business leaders from around the world. What has struck us time and again is how many of them are driven by a deeper

Leke and Desvaux, both Senior McKinsey Partners and

purpose. They look closely at Africa’s high levels of poverty; its

Chironga, an executive at Nedbank, one of South Africa’s

gaps in infrastructure, education and healthcare, and its

largest banking groups, say: “With over 400 African companies

governance problems. But they don’t just see barriers to

earning annual revenues of US$1 billion or more, we can

business – they see human issues they feel responsible for

identify what works. The highly successful businesses are

solving. They show us that contributing to the social and

often African companies, but many are entrepreneurial firms

economic development of the countries within which their

with Western, Indian, or Chinese founders. The most

thriving businesses operate creates value for both

consistently profitable businesses demonstrate a higher

shareholders and stakeholders.”

tolerance for risk, are eager to adapt their products, production and distribution for African consumers, and

Four imperatives to achieve long-term sustainable growth

commit to investing and building their businesses for the

Leke, Chironga and Desvaux believe that building a successful

long-term.”

business in Africa requires a long-term approach and four essential practices:

African success stories

Mapping an Africa strategy – setting a clear aspiration,

The book examines several examples of African businesses

prioritising markets, defining how to achieve scale and

that have translated opportunities into enduring business

relevance and creating an ecosystem to thrive.

value. For instance, it shows how Nigerian conglomerate,

Innovating business models – truly engaging with customers,

Dangote Industries, industrialised to serve regional markets

creating products and services to fulfill unmet needs, getting

through import substitution and improved margins through

lean to drive down costs and price points, and harnessing

vertical integration. South African retail giant, Shoprite,

technology.

adapted its supply chain and distribution centres for local

Build resilience for the long term – riding out short-term

logistics. SABMiller created products for regional tastes and

volatility, diversifying portfolios, integrating up and down the

invested heavily in multiple markets and skills transfer.

value chain, understanding local context and engaging with

Technology driven start-up, Kenya’s M-Kopa, is providing

governments.

mobile money financed off-grid solar energy kits. The authors

Unleashing talent – developing skills in frontline workers,

also study global companies which have succeeded in Africa

creating robust talent development processes and harnessing

for decades, like Coca-Cola, GE, and Total.

the power of women’s advancement.

PAGE 039


BILLIONAIRE, TONY ELUMELU'S $100M FOUNDATION TO BOOST AFRICAN STARTUPS Nigerian businessman, entrepreneur, investor and

training and implementation process to create visible and

billionaire Tony Elumelu has a strong vision for Africa.

sustainable impact across all 54 African countries.

The Tony Elumelu Foundation, the leading African-funded

Outstanding African entrepreneurs running existing start-ups

and founded philanthropy committed to empowering African

with high growth potential and aspiring business owners with

entrepreneurs, is now accepting applications for the 2019

transformative ideas are invited to apply. "We are

cohort of the TEF Entrepreneurship Programme.

particularly looking to grow representation from French, Arabic and Portuguese speakers, as well as female

The Programme is a 10-year, $100 million commitment to

entrepreneurs."

identify, train, mentor and fund 10,000 African entrepreneurs. The Programme's objective is to generate at

Inspired by Tony Elumelu's economic philosophy of

least 1,000,000 new jobs and create at least $10 billion in new

Africapitalism and his vision to institutionalise luck and

business revenue across Africa. Now in its 5th year, the TEF

democratise opportunity for a new generation of African

Entrepreneurship Programme has empowered 4,470

entrepreneurs, the Foundation has implemented one of the

entrepreneurs, using a bespoke and robust selection,

most ambitious entrepreneurship programmes globally. PAGEÂ 040


Selected entrepreneurs from previous years have transformed

The Foundation, which has recently hosted President Macron

their businesses and their communities after gaining from the

of France, President Uhuru Kenyatta of Kenya and President

Programme's 7 pillars: $5,000 in seed capital; business

Nana Akufo-Addo of Ghana in dynamic interactive sessions

development training; one-on-one mentoring; access to

with young African entrepreneurs, is committed to supporting

TEFConnect; pan-African meetups; TEF network membership;

the entire entrepreneurship ecosystem - from the

and participation at the annual TEF Entrepreneurship Forum,

entrepreneurs themselves, governments who must provide

the largest convening of the African entrepreneurship

enabling environments, to capital, advice and most

ecosystem.

importantly access and networks.

Founder, Tony O. Elumelu, CON, stated: "The private sector

The TEF Entrepreneurship Programme is open to citizens and

must be the core driver of Africa's economic transformation,

legal residents of all African countries, who run for-profit

but this sector cannot attain its full potential if entrepreneurs

businesses based in Africa that are no older than three years.

are left behind. We call on all stakeholders - policymakers,

The deadline for applications submission is March 1, 2019.

business leaders and development agencies - to commit to creating a better future for our young Africans who have

Applications will be judged based on criteria including:

demonstrated intellect, skill, and passion, to empower them

feasibility, scalability and potential for growth of the

to succeed because their success is Africa's success. The TEF

product/service; market opportunity for the idea/business;

Entrepreneurship Programme is by far the most impactful

financial understanding, leadership potential and

project of my life and represents my commitment to

entrepreneurial skills.

transforming Africa through entrepreneurship". Tony Elumelu also said: "Entrepreneurship is the cornerstone Parminder Vir, CEO, Tony Elumelu Foundation, said:

to African development and the key to local value creation in

"Our entrepreneurs illustrate the Foundation's commitment

Africa. I am determined to ensure that Africa's next generation

to transform the African economy, by building on the

of entrepreneurs have the platform they need to turn their

intelligence, skills and resourcefulness of Africans.

entrepreneurial aspirations into sustainable businesses that

I encourage all ambitious young Africans to take advantage of

will drive economic growth and job creation across Africa."

this unique opportunity".

PAGEÂ 041


Black Swan Group's Expert Trainer and Coach, Derek Gaunt, Releases Book Aimed at Improving Corporate Productivity. Black Swan Group's Expert Trainer & Coach, Derek Gaunt, has released his first book, titled Ego, Authority, Failure: Using Emotional Intelligence Like a Hostage Negotiator to Succeed as a Leader. The book, now available on Amazon in both paperback and Kindle editions, was written for business leaders who want actionable techniques to build trust-based influence in order to motivate and inspire their employees. Ego, Authority, Failure is the second book published by one of Black Swan Group's executives. It augments Black Swan CEO and Founder Chris Voss' book, Never Split the Difference: Negotiating As If Your Life Depended On It, which uses high-stakes hostage negotiation tactics to teach strategies that anyone can use to become more persuasive in both their professional and personal lives.

NEW BOOK: BUSINESS LEADERS CAN BECOME BETTER MANAGERS BY USING HOSTAGE NEGOTIATION TACTICS In Ego, Authority, Failure, Gaunt builds upon this idea and ups the stakes, catering the book's tactics and strategies specifically toward people in leadership positions. "In the U.S., well over 90 percent of all hostage incidents end peacefully. That's an incredible statistic," says Voss, a seasoned hostage negotiator turned business trainer, who also wrote the foreword for Gaunt's book. "This book views leadership through the prism of a hostage negotiator and explores how the communications skills employed by negotiators are applicable to leaders, PAGEÂ 042


regardless of industry. Derek Gaunt does an excellent job of

damaged superior-subordinate relationships; manage ego

exposing the reader to the good and bad of leadership. He

and authority; navigate hard talks, change, and dissension;

also expertly applies the skills used by hostage negotiators all

and increase proficiency in gathering information, influencing,

over the world to teach leaders who engage in difficult

and maintaining the relationships.

situations on a regular basis." Natasha Hawker, managing director of Employee Matters and Gaunt was inspired by a Gallup study which found that 50

author of From Hire to Fire & Everything in Between, explains

percent of resigning employees do so "to get away from their

why Gaunt's book is a valuable tool for business managers:

manager." The ones who don't quit become disengaged,

"I believe that most managers struggle with the most basic

creating a negative work environment that costs U.S.

critical skill a manager needs, which is motivating an

companies billions in lost productivity each year. Gaunt's aim

employee to do what you need them to do, when you need

in Ego, Authority, Failure is to address this problem by helping

them to do it, while being happy to do it. This skill is

leaders understand that technical skills are not enough to be

absolutely critical for the success of the employee, the

an effective manager. Instead, they need to able to

manager, and ultimately, the business. Derek Gaunt has used

demonstrate "Tactical Empathy"- the ability to understand

negotiation skills to develop leadership skills in managers to

and appeal to another's needs, feelings, and perspective in a

empower them to become exceptional leaders. Building this

non-judgmental way - in order to create a more productive

skill will set you apart from the pack. It's a must-read for all

work environment.

aspiring and current leaders."

"Writing this book has been a passion project for me," says

Ego, Authority, Failure sells in paperback for $17.99 and is

Gaunt. "In my constant interactions with people from all

available on Kindle for 99¢ or for free through Kindle

walks of life, I've seen a need for people to feel more engaged

Unlimited on Amazon.

in and passionate about their work, and that comes from feeling more connected to and inspired by their managers and

About Black Swan Group, Ltd.

leaders. My book not only teaches leaders to motivate and

Black Swan Group is a dynamic team of negotiation experts

inspire, but it also provides cautionary tales about the

with experience that ranges from high-stakes hostage

damage ego and authority have on their organizations, along

negotiations to boardroom business deals. Using its team's

with providing actionable skills to change that."

unique skills, acumen, and decades of field experience, Black Swan provides comprehensive negotiation coaching and

Ego, Authority, Failure teaches business leaders how to:

training seminars for individuals, businesses, and government

improve leadership performance by becoming proactive,

agencies.

strategic, and intuitive listeners; establish, maintain, or repair

For more information: www.blackswanltd.com

PAGEÂ 043


TECH

DRIVING FORCE FOR CHANGE: WHEN DEPTH SENSING MEETS AI The rapidly evolving world of depth sensing technology, combined with recent innovations in AI, is bringing significant market disruption to a wide range of verticals.

In the search to achieve reliable autonomous operation the value of accurate plotting and mapping is extremely high, and once paired with Edge AI systems to enable the data to be processed, modelled and made actionable, the potential is strong. However, until relatively recently, depthsensing technology relied on emission or laser-based hardware components, which are physically cumbersome and relatively costly. Moreover, these systems have various operational limitations, in controlled environments, for example. This changed with the wide availability of powerful, integrated solutions such as the upcoming VIA Edge AI 3D Developer Kit, which embeds Lucid’s proprietary 3D Fusion Technology to enable the capture of accurate depth and 3D with dual- or multi-camera setups – thus reducing the costs, power, and space consumption required. Multi-camera systems will enable smarter computer vision systems for next-gen robots. The fact that relatively low-unit cost camera arrays can now be used for depth sensing has led to an explosion of interest in developing new applications. Lower power and lighter weight sensors mean that drone

Depth sensing technologies are often associated with mobile phones, at least in terms of public visibility. However, the story of depth sensing runs far deeper than that and is arguably one of the biggest market-shaping factors of the near future. How big? A recent analyst report predicted that the worldwide depth sensing market will grow from $3.87bn in 2017 to $7.43bn by 2023, hitting a compound annual growth rate (CAGR) of 11.64% during the period. There are a wide range of contributing factors to this growth rate, but the overarching trend is the relationship between depth-sensing and AI. Robots Reap the Benefits Depth sensing technologies have been around for a while, in a slew of applications

and robotics uses are opened up, while smaller form factors mean easier and wider integration into autonomous vehicles of all types. In the future, time-of-flight camera sensors should widen the options for developers even further, dropping the power requirements of 3D plotting and mapping considerably. Logistics Deepening AI Support These market factors are also encouraging

including robotics, automated vehicles and industrial applications. PAGE 044


THE HIKE MAGAZINE

Depth Sensing + Artificial Intelligence

adoption of depth sensing technology in areas such as warehousing and fulfilment, where cost per unit is a significant factor. This market segment in particular has seen a significant uptick in developer interest in Edge AI solutions with depth sensing, as these technologies potentially enable far more efficient stock management, physical space management and lower network demands. The capability to navigate, save and reconstruct spaces in 3D, and thus make near-real time ‘decisions’, is creating a quiet undercurrent of innovation in the fulfilment industry. Large logistics firms such as Meituan and Cananio are leading the charge in developing automated edge AI solutions in this area, designed to raise supply chain efficiency, facilitate next-day delivery (and omnichannel fulfilment), as well as managing costs. Security at the Edge Of course, there are significant security applications for improved 3D plotting and depth sensing. Existing dual-cameras – paired with systems such as the VIA Smart Retail Engagement System – are capable of sophisticated facial recognition performance. But crucially, improving depth sensing helps to combat potential facial recognition spoofing (e.g. trying to fool a camera system using a high-resolution face photo or similar digital likeness), thereby boosting real-world security and utility. Advanced depth-sensing technology delivers a multitude of benefits for autonomous cars. This additional security means that facial recognition – already in use for VIP recognition in high-profile locations – can be potentially used as a payment biometric. Just one example is fast-food retailer Yum China’s concept store in Hangzhou, where a ‘Smile to Pay’ system allows registered customers to pay for their food with a smile, not only providing a fast, convenient, handsfree payment experience, but one that is likely to improve customer satisfaction to boot. ‘Market disruptor’ is a much-overused term. But in the case of the depth sensing technologies of today, it is no exaggeration. By lowering the barriers to developers of all levels and sizes, complete development solutions like the VIA Edge AI 3D Developer Kit are creating a quiet revolution. Combined with the flexibility and power of Edge AI, a new generation of 3D-capable devices and autonomous sensors are beginning to arrive, and they are set to dramatically transform a huge range of sectors. They will drive efficiency, improve response times and reduce waste – a set of credentials that have never been more important to modern businesses.

PAGE 045


FAST-PACED ENERGY TRANSITION EXPECTED TO INCREASE WORLD EQUITY RETURNS BY 6% OVER 10 YEARS Ortec Finance, a market-leading provider of technology

Drastically lowering emissions requires vast investments in

and solutions for risk and return management, in

new technologies, green infrastructure, energy efficiency and

partnership with Cambridge Econometrics, launches the

human capital development â&#x20AC;&#x201C; all strong fundamental drivers

first-ever Systemic Climate Risk Scenario Solution.

of economic growth and investment return.

The newly developed systemic climate-risk aware economic

Failing to transition in an orderly manner, on the other hand,

and financial outlooks show that a rapid shift to a low-carbon,

implies forgone returns in the short run and may even lock

climate-resilient economy is likely to generate more attractive

investors into a situation of persistently lower growth.

returns for investors in the short term compared to a business-

This is because the physical impacts of higher degrees of

as-usual scenario.

warming structurally undermine our planet's ability to support human economic activity.

For a fast-paced global energy transition to happen, it is assumed that companies, governments and consumers

"Developing this solution really brought home the message

reduce their carbon emissions in an orderly manner so that

that systemic climate change-related risks are material to

average global warming is limited to 1.5°C. The quantified

strategic investment decision-making. We, therefore,

insights offered by Ortec Finance's new systemic climate risk

consider systemic climate risk alongside all other economic

scenario solution highlight that a well-managed, sharp

and financial risk drivers. Traditional financial modelling,

reduction of global carbon emissions holds large

such as for ALM/SAA, can now be offered with climate risk-

opportunities for investors.

aware insights." - Ton van Welie, CEO Ortec Finance

PAGEÂ 046


THE HIKE MAGAZINE

Energy Transition Returns

Ortec Finance's research shows that it is key for investors to take the systemic nature of climate change-related risks and opportunities into account. Climate change will not only affect companies at an individual level, but will also fundamentally impact how the economy performs as a whole. Currently, most investors seem to focus on managing climate risk by engaging with, and potentially divesting from individual companies and other holdings. 'Stock-picking' is likely to be insufficient to manage the broader, knock-on effects on the economy since GDP, interest rate and inflation are seriously impacted by climate change. The Ortec Finance systemic climate risk scenario solution is the first tool of its kind to integrate quantified systemic climate risks and opportunities associated with different global warming pathways into traditional multi-horizon real world scenarios sets. These systemic climate-risk aware scenarios sets enable investors to enhance their investment strategy through: - Understanding systemic climate risk scenarios & exploring impacts on strategic asset allocation. - A strategic governance framework for climate action based on climate-aware ALM/SAA Climate-aware risk management: Assessing financial impact and materiality of climate change on different asset classes within portfolio. - Fulfilling forward-looking scenario-based analysis in line with disclosure recommendations, such as TCFD, UN PRI, EU Sustainable Finance Action Plan. About Ortec Finance: Ortec Finance is the leading provider of technology and solutions for risk and return management. It is Ortec Finance's purpose to enable people to manage the complexity of investment decisions. We do this through delivering leading technologies and solutions for investment decision making to financial institutions around the world. Our strength lies in an effective combination of advanced models, innovative technology and in-depth market knowledge. 20+ countries represented 500+ customers 96% retention rate 3 trillion euro total assets managed by our clients

About Cambridge Econometrics: For over 30 years, with over 30 economists, skilled in analysis and modelling across a wide range of areas, Cambridge Econometrics have provided valuable insight to its clients on a wide range of economic, societal and environmental issues. Their quantitative approach to data analysis and economic modelling gives users valuable insights based on evidence. Cambridge Econometrics' world-renowned global, macro-econometric model (E3ME) is designed to address major economic and economy-environment policy challenges. Developed over the last 20 years, it is one of the most advanced models of its type. PAGEÂ 047


THE MIDDLE EAST, AFRICA, AND ASIA NOW DRIVE NEARLY ALL GLOBAL ENERGY CONSUMPTION GROWTH Regional fuel use varies according to the availability of resources. Energy consumption in Asia, the Middle East, and Africa

Globally, petroleum and other liquid fuels (including biofuels

continues to grow rapidly, with about 20% growth in each

such as ethanol and biodiesel) are the most prevalent form

region between 2010 and 2016, according to newly available

of energy consumed. Growing use of these fuels has been

data in EIA’s International Energy Statistics database.

supported by increasing supplies of U.S. shale oil and other

In particular, energy consumption has been increasing in the

international sources of liquid fuels that have kept prices

Middle East and Africa, driven by economic growth, increased

relatively competitive.

access to energy markets, and quickly growing populations.

Global coal consumption continued to decline as a result of

Energy consumption in the Asia region grew even as energy

competition from low cost natural gas as well as some

consumption in China declined between 2015 and 2016.

countries’ policies to limit or decrease coal use.

Although growth was rapid in Africa and the Middle East, Asia

Regional fuel use varies according to the availability of

and Oceania consumed much more energy overall (42% of

resources. In 2016, coal accounted for almost 50% of the

2016 world energy consumption, compared with 6% in the

energy consumed in Asia and Oceania, where China, India,

Middle East and 3% in Africa). Slower long-term energy

and Australia are all significant consumers of coal.

consumption trends continued in the mature economies of

The largest shares of nuclear and renewable energy were in

North America, where energy consumption grew by 1%

Europe (26%), North America (19%), and Central and South

between 2010 and 2016, and in Europe, where energy

America (26%). These regions, particularly Europe and North

consumption actually fell 4% between those years.

America, have significant renewable resources as well as

PAGE 048


THE HIKE MAGAZINE

Global Energy Demand policies that encourage renewable energy usage, especially wind and solar. Because of the region’s rich reserves of oil and natural gas, nearly all energy consumption in the Middle East comes from either petroleum or natural gas with virtually no contribution from coal, nuclear, or renewable energy. From 2000 to 2013, China experienced rapid growth in energy consumption, overtaking the United States as the world’s largest energy consumer in 2009. Since 2013, China has consistently used approximately 40% more energy than the United States. Although growth in China’s gross domestic product (GDP) has slowed over this time period, it continues to grow faster than 6% per year compared with relatively flat total energy consumption, demonstrating the country’s improvements in energy intensity (GDP per unit energy). By comparison, India’s GDP is growing at a rate of almost 8% per year, and energy use is growing as well. In recent years, India has surpassed Japan, Canada, and Germany in energy consumed. As more recent data become available, India is likely to surpass Russia as the third-highest energy consuming country. Detailed country-level data on energy production, consumption, and transport through 2016 are available in EIA’s International Energy Statistics database. Natural gas data, petroleum supply data, GDP, and population are available through 2017. EIA Country Analysis Briefs supplement the International Energy Statistics database with key information on energy production and consumption trends.

PAGE 049


FOUR LEADERSHIP PERSONAS THAT ARE SUCCEEDING IN THE FOURTH INDUSTRIAL REVOLUTION Deloitte Research

- Global survey of C-suite leaders offers insights to guide business leaders in managing Industry 4.0 change and transformation - Societal impact and talent development top list of leader priorities - Social Supers; Talent Champions; Data-driven Decisives and Disruption Drivers With the Fourth Industrial Revolution (Industry 4.0) re-shaping how the world lives and works, global leaders are facing the pressures of preparing their businesses and their workforces for this new era. Arising from this shift to Industry 4.0 are defined leadership traits that have been uncovered in Deloitte's second annual Readiness Report, Success Personified in the Fourth Industrial Revolution, which offers insight into the characteristics that set apart the most effective leaders and successful organizations. This year's survey of more than 2,000 C-suite executives across 19 countries, found that executives genuinely want to improve the world and they have a clearer grasp of the skills challenge ahead. However, organizational roadblocks appear to be limiting the development of effective Industry 4.0 strategies and they continue to shy away from bold technology investments that will drive innovation and disruption. In two critical areas – societal impact and talent development – CXO attitudes changed dramatically from 2017, indicating leaders are becoming more realistic about what it takes to succeed in Industry 4.0. "Last year, even though leaders were just beginning to understand how Industry 4.0 would transform business and society, they

PAGE 050


expressed confidence in their preparedness," said Punit

Weighing the Value of Purpose? Societal Impact Pays Off.

Renjen, Deloitte Global CEO. "Yet their actions demonstrated

This year's survey revealed that societal impact (34 percent) is

a significant mismatch between their confidence to address

the most important factor business leaders use to gauge

these changes and their actual readiness to address them.

success - totaling that of financial performance (17 percent)

Today, leaders are more realistic about what it will take to

and employee satisfaction (17 percent) combined.

succeed, and they appear particularly focused on societal

Additionally, more than half of global executives surveyed (53

impact and workforce development as two critical

percent) noted their societal impact efforts resulted in new

components of their future success."

revenue streams - proving purpose and profit can coexist in Industry 4.0.

Success personified in the Fourth Industrial Revolution: The four leadership personas for an era of change -

The "Social Supers"

While there is no one recipe for success in how to deal with

"Social Supers" are leaders who consider societal initiatives

rapid industrial transformation, it can be helpful to

fundamental to their businesses. They have demonstrated

understand how certain leaders are approaching this ever-

success in "doing well by doing good" by generating new

changing environment. Organizations with leaders who

revenue streams through socially or environmentally

embody the characteristics of the Industry 4.0 personas -

conscious products or services; and believe that these

commitment to do good; defined, data-driven decision-

initiatives, more often than not, contribute to profitability.

making; bold, longer-term vision of technology; and

"Social Supers" are more confident in their ability to handle

aggressive about workforce development - are poised to

the workforce challenges of Industry 4.0 - they are 12 percent

survive and thrive.

more likely to cite that their workforce composition is prepared for digital transformation and show far greater

Deloitte research explores the types of leaders that are taking

willingness to train workers (54 percent vs. 37 percent).

effective action, where they are making the most progress, and what sets the most successful leaders apart.

In Industry 4.0, Strategy is Left Behind

These leadership personas - Social Supers, Data-driven

A third of global leaders cited lack of leadership vision as the

Decisives, Disruption Drivers, and the Talent Champions -

top challenge their organizations face in adapting business

can serve as models for leaders globally as they tackle the

strategies to meet the needs of tomorrow. Strategy also

challenges associated with 4IR transformation.

falters when it comes to implementing new technologies, as

PAGEÂ 051


leaders reported concerns over too many technology choices

intended business outcomes. "Disruption Drivers" are more

and difficulty keeping pace with the rate of change.

likely to say they feel ready to lead in the Industry 4.0 era (45

Only 29 percent of executives believe their organizations have

percent versus 32 percent) and are more assured that their

clearly defined decision-making processes, so it's no surprise

organizations are prepared to capitalize on the opportunities

executives are struggling to keep up.

associated with Industry 4.0.

The "Data-Driven Decisives"

Building the skills for Industry 4.0. Hire or train?

Strategic obstacles, such as organizational silos, can

Global leaders appear to understand the new skills required

complicate decision-making processes and hamper

by Industry 4.0 jobs, however, the fear of technology and

innovation. "Data-Driven Decisives," however, are overcoming

automation isn't necessarily causing executives to increase

these challenges through a methodical, data-focused

efforts to train their workforce. While 55 percent of leaders

approach and are bolder in their decisions.

highlighted a significant mismatch between current skill sets

These leaders are confident in comparison to other leaders,

and those needed in the future, 25 percent still prefer hiring

with sixty-two percent strongly agreeing that they are

new employees over retraining their current workforces.

prepared to lead their organizations in capitalizing on the

Furthermore, 57 percent believe the education system is

opportunities associated with Industry 4.0 - almost twice as

inadequately preparing incoming workers - up from 35

many as other leaders (32 percent) surveyed.

percent in 2017. If the education system isn't providing business with able professionals, it will fall to business leaders

Technology Bringing a Wave of Disruption? Not So Fast.

to either hire for the skills they need or retrain their existing

Despite the unquestionable economic and societal potential

workers.

of Industry 4.0, many organizations opt to maintain the status quo with respect to their technology investments, leaving

The "Talent Champions"

themselves at risk. Twice as many leaders said they're more

The "Talent Champions" know what skill sets their companies

likely to invest in Industry 4.0 technologies to protect

need - and they believe they currently have the correct

themselves from disruption as are looking to disrupt other

workforce composition. These executives are aggressively

industries or the marketplace (67 percent versus 33 percent).

preparing their companies for digital transformation, and

So, what is responsible for this defensive approach? Issues

embrace their responsibilities to train their employees for the

such as being too focused on short-term results, having too

future of work (51 percent versus 41 percent for all other

many technology choices, and a lack of understanding of the

respondents). Talent Champions also are more likely to invest

technologies rose to the top as barriers to investment.

in technologies to disrupt competitors (42 percent versus 32 percent).

The "Disruption Drivers" Leaders known as the "Disruption Drivers" understand that

Leading in the Fourth Industrial Revolution

investment in new innovations is required for growth; they

"Our research has uncovered four distinct types of leaders

invest in technologies with a concerted focus on upending

succeeding in Industry 4.0. These leaders are achieving

their markets. These bold decisions have paid off - their

greater revenue growth than their counterparts, in part,

technology investments have achieved or exceeded their

because they have conquered at least one, and sometimes

PAGEÂ 052


more, of the dimensions required for success. For other

Deloitte is taking action through WorldClass, a societal impact

leaders seeking to prepare for the challenges of this new era,

initiative to empower 50 million futures by 2030.

these personas offer insights that can be used to shape their

Our ambition is to create pathways for people to fulfill their

own strategies for success," added Renjen.

aspirations and find meaningful work in the new economy.

Methodology: This research is based on a survey of 2,042

The Deloitte network is also empowering women around the

global executives conducted by Forbes Insights in June-

globe, promoting environmental sustainability, investing in

August 2018. Survey respondents represented 19 countries

new insights and methodologies, and serving clients to fulfill

from the Americas, Asia and Europe, and came from all major

their purpose.

industry sectors. All survey respondents were C-level executives, including CEOs/presidents, COOs, CFOs, CMOs,

Deloitte is committed to responsible business practices,

CIOs and CTOs. All executives represented organizations with

serving the public interest, and making an impact on society.

revenue of $1 billion or more, with half (50.1 percent) coming from organizations with more than $5 billion in revenue.

About Deloitte

Additionally, Forbes Insights and Deloitte Global conducted

Deloitte is a leading global provider of audit and assurance,

one-on-one interviews with global industry leaders and

consulting, financial advisory, risk advisory, tax and related

academics.

services. Our network of member firms in more than 150 countries and territories serves four out of five Fortune Global

About the Deloitte Societal Impact Commitment

500ÂŽ companies.

Addressing the complex challenges society faces today has become a mandate for business, and one that requires a new

Learn how Deloitte's more than 286,000 people make an

mindset for action.

impact that matters at www.deloitte.com

PAGEÂ 053


WORLD'S 500 MOST VALUABLE BRANDS - AMAZON DEFENDS PRIME POSITION

Amazon has defended its position as the world's most valuable brand, growing nearly 25% to US$187.9 billion, according to the latest Brand Finance Global 500 report that was launched earlier this year at the (WEF) World Economic Forum in Davos. Due to an ever-diversifying portfolio, it seems no industry is safe from Amazon's reach. The retail industry has felt the biggest impact, as ecommerce has now become the consumer norm. Walmart, which held the top position in the Brand Finance Global 500 just 10 years ago, has now dropped out of the top 10 for the first time. Although its brand value has grown 10% to US$67.9 billion, the company continues to struggle with product fulfilment issues, increased transportation costs, and slow gains in its online sales. Apart from disrupting traditional industries, the tech sector has carved out a clear space of its own, demanding 6 positions in the top 10 most valuable brands. Apple (2nd, US$153.6 billion) and Google (3rd, US$142.8 billion) round out the top three ranks. As Apple struggles to grow in key emerging markets and shows little motivation to diversify its portfolio, it could be the opportune moment for Google to shift to 2nd place in 2020. Will Apple share Walmart's fate as its overreliance on handset sales endangers its long-term prosperity? Microsoft makes a comeback to the top 5, up from 6th to 4th in the Brand Finance Global 500. With a 47% increase in brand value to US$119.6 billion, it is the fastest-

growing brand among the top 10 most valuable. While it once may have seemed that Microsoft was out the game, its determination to adapt is a great example how a brand can use change to its advantage. The company's transformation to a cloud-centric business model has proven successful. "A business cannot concentrate all its efforts and resources in one area and expect to survive long-term. The brands that evolve and experiment in new sectors, like Amazon and Microsoft, are the ones which will continue to outperform competitors; while the brands that are slower to adapt or diversify, like Walmart and Apple, will miss a key opportunity to grow brand value," said David Haigh, CEO of Brand Finance. PAGEÂ 054


"The brands that evolve and experiment in new sectors, like Amazon and Microsoft, are the ones which will continue to outperform competitors; while the brands that are slower to adapt or diversify, like Walmart and Apple, will miss a key opportunity to grow brand value." - David Haigh, CEO of Brand Finance.

In the media industry, new players are also upsetting the status quo. The majority of the world's biggest network brands have felt the pinch while digital platforms encroach upon their viewership. iQiyi, China's answer to Netflix, is the world's fastest-growing brand of 2019, up a whopping 326% year-onyear, three times the 105% hike by its US counterpart. Aside from calculating brand value, Brand Finance also determines the relative strength of brands through a balanced scorecard of metrics evaluating marketing investment, stakeholder equity, and business performance. While Facebook held on to its spot as the 7th most valuable brand, following a succession of scandals, its brand strength suffered the second worst decline in the top 100, resulting in a brand rating downgrade from AAA+ to AAA-.

Sporting a far better performance, Ferrari has taken the title of world's strongest brand of 2019. The Italian supercar manufacturer's Brand Strength Index (BSI) score increased from 91.5 to 94.8 out of 100, overtaking the likes of Disney McDonald's, Coca-Cola, and Lego. It is the strongest of only 14 brands in the Brand Finance Global 500 2019 ranking to be awarded the elite AAA+ rating. "As the world's foremost luxury carmaker, Ferrari has an unparalleled level of brand recognition, upholding excellence for design and innovation. Its prancing horse logo is a perfect symbol of the brand's strength and vitality as it plans new models and reaches outside the auto industry," Haigh added. About Brand Finance: With offices in over 20 countries, Brand Finance is the world's leading independent brand valuation and strategy consultancy. www.brandfinance.com PAGEÂ 055


NEW SURVEY FINDS CIRCULAR ECONOMY STRATEGIES HAVE GAINED APPEAL IN BOARDROOMS In-depth report investigates how large, global companies view transition to a circular economy and benefit from increased circularity. As the concept of a 'circular economy' has gone from relative obscurity to the corporate boardroom in recent years, circularity has evolved from more than just an addon concept to a central tenet of corporate social responsibility (CSR) or sustainability strategies. A new global survey report from Newsweek Vantage, "Going Circular: How Global Business is Embracing the Circular Economy," found that 95 percent of large companies surveyed view the transition to a 'circular' economy as a positive for their organization, with new markets, improved competitiveness, enhanced image and higher revenues cited as the leading perks of embracing circularity. The survey, carried out by Newsweek Vantage in partnership with global independent safety science company UL, Autodesk, BASF and C&A Foundation, sought input from 317 senior executives at major companies across a range of industries, functions and geographies. Additional insights were garnered from more than 20 in-depth interviews with executives of

- Despite this growing interest in embracing a circular economy,

major companies, circular start-ups and other experts.

only nine percent of the global economy is circular today; lack of know-how, technology and available partners were cited by

Additional findings from the report include:

executives as the main challenges of moving toward a circular

- Of the 95 percent that viewed circularity as positive,

economy.

technology company executives were most positive,

- 98 percent of executives surveyed were familiar with the concept

while North American-based manufacturing companies

of a circular economy.

were more cautious about potential business disruption.

- 30 percent said their company has a circular strategy (32 percent in North America) PAGEÂ 056


"Companies around the globe now view a circular economy as a vital tool in the fight against environmental crises such as climate change, biodiversity loss, resource scarcity and pollution," said Dr. William (Bill) Hoffman III, senior scientist and corporate fellow, UL's Environment and Sustainability division. "Embracing the notion of a circular economy can also help companies insulate themselves from related risks and unexpected changes in available resources." While benefits of a circular economy vary by industry and individual company, the overarching advantage cited by practitioners is its potential to transform the concept of sustainability into something implementable, while offering the possibility to create real value. Value outcomes might include extracting efficiencies from lower resource and energy use, creating new revenue streams from production byproducts, improving customer retention and brand profile, or gaining a competitive edge with product or business model innovations. "The circular economy offers an opportunity to talk about business beyond sustainability," said Catherine Sheehy, head of advisory solutions for UL. "Circularity focuses on things that should resonate clearly with people across functional areas, regardless of their perspective on sustainability. It's very tangible."

In addition to providing a look into how companies view a circular economy, the report also delves into the circular transition, highlighting data and insights about how companies adapt the circular concept into their products, processes and businesses. The report states that among the 30 percent of companies adopting circular economy practices, larger companies and those that lease or sell products were most likely to have circular goals. Meanwhile, 77 percent of companies said they have or expect to develop circularity targets within the next five years. The research also indicates companies prioritize the following transitional circular strategies and business models: > REduce. Using design and manufacturing technology to lower material, energy and waste footprints. > REuse. Offering subscription, leasing or sharing models, rather than basing business on one-off sales. > REmake. Designing for easier repair, with take-back and 'remanufacturing' a growing trend REcover. Turning byproducts into new ones or adding recycled content to products and packaging. > REnew. Substituting renewables for finite materials and focusing more on sustainable sourcing.

PAGEÂ 057


THE HIKE MAGAZINE

Circular Economy

"As with many aspects of a circular economy, collaboration across the value chain is key to finding cost-effective solutions," said Hoffman, of UL's Environment and Sustainability division. "Altering the way companies source materials, changing inputs, redesigning products to make them more recoverable, reusable, recyclable â&#x20AC;&#x201C; all force functions across the entire enterprise to work together in new ways. This often uncovers some unexpected benefits. What may look like an additional cost to divert complex materials from landfill may become an opportunity to tap a new revenue stream or evolve business models to offer products as services." The results from the report stemmed from surveying 317 senior executives at major companies across a range of industries, functions and geographies. Additional insights were garnered from more than 20 in-depth interviews from major corporations with circular business models, innovative circular start-ups, circular 'enablers,' or experts and stakeholders across policy and business spheres. About UL: UL fosters safe living and working conditions for people everywhere through the application of science to solve safety, security and sustainability challenges. The UL Mark engenders trust enabling the safe adoption of innovative new products and technologies. Everyone at UL shares a passion to make the world a safer place. We test, inspect, audit, certify, validate, verify, advise and train, and we support these efforts with software solutions for safety and sustainability. To learn more about us, visit www.ul.com

PAGEÂ 058


ONLY U.S. LISTED COMPANY WITH AN 80% FEMALE BOARD SHOWS A 54% INCREASE IN AVERAGE SHARE PRICE Travelzoo® a global publisher of exclusive offers and

The lack of board gender diversity remains a persistent and

experiences for members, would like to remind the public

global problem. Only 5 of more than 4,000 U.S. listed

that Travelzoo still remains the only U.S. listed company

companies have 60% or more female board members.

with an 80% female board of directors.

In Hong Kong, several reports state that only 11% of Hang

One thing that has changed is Travelzoo's share price.

Seng-listed companies have women on their boards.

Under the stewardship of its almost all-female board, the

In the UK, only 27% of FTSE 100 directors are women.

share price has increased by 54%, as measured by the average closing share price over the 30 days preceding the

Travelzoo® provides our 28 million members insider deals

appointment of its 80% female board, versus the average

and one-of-a-kind experiences personally reviewed by one

closing share price over 30 days.

of our deal experts around the globe. For over 15 years, we have worked in partnership with more than 2,000 top travel

Underscoring the cultural diversity of the company's

suppliers - our long-standing relationships give Travelzoo

board, female Travelzoo board members hail from San

members access to the very best deals.

Francisco (Beatrice Tarka), New York (Rachel Barnett), London (Mary Reilly) and Shanghai (Carrie Liu).

www.travelzoo.com PAGE 059


TANGIBLE BENEFITS FOR BUSINESSES WHEN THEY LEAD WITH DIGITAL TRANSFORMATION

Up to 80% savings in CapEx (Engineering Costs and Time Optimisation); and a whopping 85% savings in OpEx (Energy Consumption) reported, among others. Report is based on a study of 230 customer projects over the last 5 years, producing deep, quantifiable benefits.

PAGEÂ 060


THE HIKE MAGAZINE

Significant CapEx and OpEx savings

Schneider Electric, the global leader in digital transformation of energy management and automation, this month released the Global Digital Transformation Benefits Report 2019, presenting concrete evidence of the power of digitisation across the spectrum of global industry, commerce and the public sector. This evidence takes the form of deep, quantifiable, business benefits derived from a repository of 230 customer projects Schneider Electric completed in the last five years across 41 countries - all employing the company's architecture and platform, EcoStruxure. The goal for this report is to provide readers with a useful and realistic benchmark on digital transformation's potential in energy management and automation. At the core of this report are 12 key business benefits of digital transformation. These benefits are divided into three categories, each essential to effective marketplace competition: capital expenditure (CapEx), operational expenditure (OpEx), as well as sustainability, speed, and performance. The Report focuses on four key sectors of the economy - buildings, data centers, industry, and infrastructure - all undergoing transformations that will fundamentally change the way people will live, work, and play. Significant CapEx and OpEx savings The evidence presented by the Report puts to rest concerns in the market that digital transformation is an expensive Capital Expenditure proposition involving new systems and difficult integration into existing processes. The customer projects studied in the Report demonstrate the opposite. The study shows that digitisation of engineering processes, for instance, can save businesses and organisations an average of 35% in CapEx costs and time optimisation. Further, commissioning costs of new systems and assets can be reduced by an average of 29%. The study also reveals that digitisation, by harnessing IoT, can result in significant savings in Operational Expenditure - leading to step change improvements in efficiency, reliability, safety, and sustainability. Businesses and organisations report an average savings of 24% in energy consumption, as a result of digitisation. In Industrial applications, digital transformation allows businesses to do more with less - more yield with less energy, fewer materials, and fewer labor hours. Increased productivity, up to 50%, results from energy management and automation efficiencies across the value chain, from IoT-enabled tracking to automated production lines.

PAGEÂ 061


"Digital transformation is the only way of delivering consistency and efficiency across a company. Technologies such as IoT, AI and big data analytics are making companies more efficient and innovative, boosting their competitive advantage." Jean-Pascal Tricoire, Chairman and CEO Schneider Electric.

Decades of Experience in Digital Transformation

"Digital transformation is the only way of delivering

Schneider Electric has started its digital transformation

consistency and efficiency across a company.

journey years ago. In 2009, Schneider Electric launched

Technologies such as the Internet of things (IoT), artificial

EcoStruxure™, its IoT-enabled, plug and play, open,

intelligence and big data analytics are making companies

interoperable, architecture and platform.

more efficient and innovative, boosting their competitive advantage," said Jean-Pascal Tricoire, Chairman and CEO

Now boosted for cloud and digital services, EcoStruxure™

of Schneider Electric. "Our technologies, built on

delivers enhanced value around safety, reliability,

EcoStruxure™, harness the power of digitisation, enabling

efficiency, sustainability, and connectivity. EcoStruxure™

our customers to become more efficient, safe, reliable,

leverages advancements in IoT, mobility, sensing, cloud,

connected and sustainable - leaders in the New Digital

analytics and cybersecurity to deliver innovation at every

Economy."

level, from connected products; edge control; and apps, analytics & services. EcoStruxure™ has been deployed in

Schneider Electric is leading the Digital Transformation

480,000+ sites, with the support of 20,000+ system

of Energy Management and Automation in Homes,

integrators and developers, connecting more than 1.6

Buildings, Data Centers, Infrastructure and Industries.

million assets under management through 40+ digital

With global presence in over 100 countries, Schneider is

services. Building on EcoStruxure™, 45% of Schneider

the undisputable leader in Power Management - Medium

Electric sales in 2017 were IoT-related.

Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency

A larger story emerges from this report about the power of

solutions, combining energy, automation and software.

digital transformation in energy management and

In our global Ecosystem, we collaborate with the largest

automation: when businesses digitise both energy

Partner, Integrator and Developer Community on our

management and automation, the two work in concert to

Open Platform to deliver real-time control and

drive even greater, unprecedented, value.

operational efficiency. www.schneider-electric.com

PAGE 062


THE LAST MILE: FIRST CANADIAN-BASED DOCKLESS SCOOTER COMPANY DEVELOPING INNOVATIVETECHNOLOGY

ZIP Dockless Inc. (ZIP) is Canada's first dockless scooter

cities air quality continues to deteriorate. According to a

company, and has been developing dockless scooter

recent UN report, 68% of the world's population are

technology in Ontario, Canada. ZIP is proud to announce

projected to be living in urban centers by 2050. Electric

that as a member of Communitech, they are working

transportation is helping to combat poor air quality, reduce

towards implementing dockless scooters into Canadian

traffic congestion, and provide affordable transit options.

communities.    

ZIP is committed to providing affordable and sustainable

"As the first Canadian-based dockless scooter company, we

transportation for people who live in the city where the "last

are thrilled to be working towards launching scooters in

mile" is the only mile. ZIP is looking for forward-thinking

Canada," said Founder, Luke Mydlarz. "The public sees the

organizations and cites to work with.

long-term benefits of alternative, affordable, and environmentally-friendly transportation options, and more

ZIP is the first Canadian dockless scooter company, based in

and more communities are looking for solutions like

Waterloo Region. They are striving to represent Canada in the

dockless scooters."

micro-mobility revolution that is occurring worldwide. For

Air quality is a great equalizer; across the world in urban

more information visit: www.ridezip.co PAGE 063


COFFEE WITHOUT COFFEE BEANS? STARTUP REDESIGNS THE FUTURE OF COFFEE - Unique molecular formula produces great tasting

Molecular coffee is accessible to all.

coffee without the bean and without negative impacts

Atomo ground coffee can be used substituted ounce-for-

on environment.

ounce with regular ground coffee - in drip machines, French presses, Aeropresses, refillable K-Cups, pourovers:

Seattle Startup, Atomo announced the development of the

whatever fuels your morning cup of Joe.

world's first molecular coffee containing no coffee beans. By reverse-engineering the coffee bean, Atomo has created

Better for coffee drinkers and the environment.

a naturally-derived and sustainable coffee with the same

In January 2019, a study was released by Science Magazine

caffeine you'd expect and no harsh acid or bitterness.

stating that 60 percent of the world's coffee species were in

Atomo was conceived by food scientist Jarret Stopforth,

danger of going extinct in the next 50 years due to climate

Ph.D. "I love coffee, but every day I was adding cream and

change, population expansion, and disease.

sugar to mask coffee's bitter flavor," said Stopforth. "By replicating the taste, aroma and mouthfeel of coffee, we've

And every day - right now - forests are being mowed down

designed a better tasting coffee that's also better for the

to make room for new coffee plantations. Atomo's coffee is

environment."

produced without the need for deforestation or pesticides

PAGEÂ 064


The Future of Coffee: Seattle Startup Atomo Hacked the Coffee Bean.

"We believe we have a moral obligation to stop harmful coffee farming practices, but none of us want to stop drinking coffee." Andy Kleitsch, CEO of Atomo

and contains none of the harmful carcinogens that develop during the roasting process. "We believe we have a moral obligation to stop harmful coffee farming practices, but none of us want to stop drinking coffee," said Andy Kleitsch, CEO of Atomo. "Atomo's technology can halt the need for further deforestation by reducing the demand for coffee beans." Be the first to try Atomo Molecular Coffee By participating in Atomo's Kickstarter campaign, contributors can be the first to receive Atomo's molecular coffee to conduct their own coffee challenge, pitting their regular morning brew against the new cup from Atomo. The Kickstarter campaign launched recently. Atomo is scheduled for commercial release in Q4, 2019. About Atomo Coffee Designed in Seattle, Atomo is the world's first molecular coffee containing no coffee beans. By reverse-engineering the coffee bean, Atomo has created a naturally-derived and sustainable coffee which can be used in place of traditional ground coffee. Atomo's goal is to create an amazing cup of coffee and reduce the global demand for coffee beans, thus minimizing deforestation and destruction caused by commercial coffee farming. The privately held company was founded by Jarret Stopforth, Ph.D., and Andy Kleitsch. www.atomocoffee.com

PAGEÂ 065


THE BOTTOMLESS CLOUD: CHALLENGING EVERYTHING YOU THOUGHT YOU KNEW ABOUT AI AND DATA Industrial age business models are failing us by regarding data as a cost that needs to be constrained. Bestselling author and leading futurist Tom Koulopoulos has

The data abundance mindset is being driven by the ever-

teamed up with Wasabi hot cloud storage CEO and serial

decreasing cost of storing data. Businesses that fail to make

entrepreneur David Friend to provide business leaders with a

the transition to a data abundance mindset will be left

clear and straightforward understanding of the incredible

behind by competitors who transform their industries by

power of the cloud and data abundance.

using vast amounts of data to fuel AI and Machine Learning."

The Bottomless Cloud: How AI, the Next Generation of the

The sudden emergence of new data-rich transformative

Cloud, and Abundance Thinking Will Radically Transform the

businesses like online shopping, navigation, logistics,

Way You Do Business (Hybrid Global Publishing; Paperback;

medical care, and online financial services is no accident.

January 15, 2019) takes a hard look at how industrial age

The cost of storing all the data that makes these businesses

business models are failing us by regarding data as a cost that

possible simply dropped to the point where such things

needs to be constrained, rather than an near infinite resource

became profitable. Cloud 2.0 technology, with far cheaper

that can be mined to build entirely new sources of value and

and faster cloud storage, will continue to drive innovation

insight.

and the complete rethinking of traditional businesses. According to Friend, "You have to throw away the old idea of

According to Koulopoulos, "An abundance of data, like the

thinking of data storage as a cost to be minimized and

abundance of electricity that powered the industrial

instead focus on building complete and unique data sets

revolution 100 years ago, is driving the world's economy.

that give you the ability to do things you just couldn't do

PAGE 066


"As the cost of data drops, you reach a tipping point where the value of data far exceeds its cost; that's when your business model has to flip to an abundance mindset." - David Friend . Co-founder and CEO of Wasabi,

before. Companies, such as Uber, Nike, and Netflix, have

and even more reliable than the competition. David's first

adopted this mindset to build and grow entirely new

company, ARP Instruments developed synthesizers used

businesses."

by Stevie Wonder, David Bowie, Led Zeppelin and even

"The other point," adds Friend, "is that, as the cost of data

helped Steven Spielberg communicate with aliens

drops, you reach a tipping point where the value of data

providing that legendary five-note communication in

far exceeds its cost; that's when your business model has

Close Encounters of the Third Kind.

to flip to an abundance mindset."

Friend founded or co-founded five other companies: Computer Pictures Corporation – an early player in

The Bottomless Cloud is defining the tenets of success in

computer graphics, Pilot Software - a company that

the 21st Century by changing the way we view data, from

pioneered multidimensional databases for crunching

being a by-product of business to a foundational driver of

large amounts of customer data, Faxnet - which became

radically new business models.

the world's largest provider of fax-to-email services, Sonexis - a VoIP conferencing company, and immediately

Tom Koulopoulos is the Chairman and co-founder of

prior to Wasabi, what is now one of the world's leading

Boston-based Delphi Group, a 30 year-old global futures

cloud backup companies, Carbonite. In addition, David is

think tank that focuses on the impact of digital

a respected philanthropist and supporter of the arts in

technologies. Delphi Group was named one of the 500

Boston. He is on the board of Berklee College of Music,

fastest growing private companies in the US by Inc

where there is a concert hall named in his honor, serves as

magazine. He is the author of 11 books, the past executive

president of the board of Boston Baroque, an orchestra

director of the Babson Center for Business Innovation, an

and chorus that has received 7 Grammy nominations. An

adjunct professor at Boston University, and a frequent

avid mineral and gem collector he donated Friend Gem

keynote speaker on the future. Tom is also a contributing

and Mineral Hall at the Yale Peabody Museum of Natural

editor for INC.com.

History.

David Friend is the co-founder and CEO of Wasabi, a

David graduated from Yale and attended the Princeton

revolutionary cloud storage company. Wasabi provides

University Graduate School of Engineering where he was a

bottomless storage that's 80% cheaper, up to 6x faster

David Sarnoff Fellow.

PAGE 067


NAVIGATING INNOVATION BOSTON BUSINESS PROFESSORS UNVEIL INNOVATION MODEL FOR THE DIGITAL AGE

Boston Business Professors Provide Transformative Breakthroughs, Combining Digital Design and a Collaborative Culture. Boston-based professors and business experts Tucker Marion and Sebastian Fixson have done with their new book "The Innovation Navigator: Transforming Your Organization in the Era of Digital Design and Collaborative Culture" what business authors have not done in over a decade: written a groundbreaking new book that will change how businesses act. In The Innovation Navigator, Marion, a Northeastern

TUCKER

MARION

/

SEBASTIAN

FIXSON

University Professor, and Sebastian Fixson, a Babson College Professor, explore four innovation archetypes, that they call modes – "specialist," "venture," "community," and "network" – which feature prominently in the expanding innovation landscape. Specialists employ technologies to achieve entirely new solutions and superior product performance. PAGE 068


"The expanded landscape, and the new innovation modes that come with it, create an environment which more ideas of higher quality can seed innovation funnels."

The emergence of digital design and a collaborative

At the same time, whereas economic transactions will

culture have fundamentally altered how firms, and

remain the main form of exchange in the traditional

people, approach the innovation process," the authors,

regions, they are complemented by social exchanges in

who both started as mechanical engineers, wrote:

the other modes, especially the community mode, with

"In the pre–digital design era, most new product and

significant challenges for designing incentives and

service development was conducted by individuals and

ownership regimes.

organizations holding the relevant expertise, and most collaboration either occurred inside of firms or was

The good news, of course, is that this creates an

governed by market-based transactions between firms.

opportunity-rich environment for firms to innovate.

Today, aided by digital design and fabrication tools on the

The expanded landscape, and the new innovation modes

one hand and new forms of collaboration via social

that come with it, create an environment which more

networking communities and collaboration/sharing tools

ideas of higher quality can seed innovation funnels, where

on the other, the 'innovation landscape' is marked by new

new engineering tools allow the vetting of more mature

forms of participation and ownership, with new

concepts earlier in the process, where new actors can

participants entering new markets and new arrangements

help develop solutions, and where innovation networks

of collective innovation."

can lower costs and barriers to entry. This means more ideas from more sources, the potential

The two major forces – digital design and a collaborative

for better ideas, and ways to radically reduce the

culture – form a "perfect storm" that substantially

investment needed to bring them to market.

expands the innovation landscape, and in this new

The bad news is that this also creates some new demands

innovation landscape, four distinct regions are emerging.

and hurdles. Managers need frameworks for navigating

Each of these regions calls for its own innovation

and understanding how to harness the power of this new

management approach (i.e., its own innovation modus

landscape. In this book, the authors attempt to show that

operandi). Each of these innovation modes comes with

there are many opportunities to leverage this new

different but significant ramifications for users,

landscape, but all four innovation modes exhibit their

consumers, communities, vendors, and firms themselves.

challenges. They encourage firms to explore these

The locus of expertise is shifting from the human expert to

different modes but to do so with clear expectations and a

the tools, allowing the experts to push technology

firm grasp of the risk and reward potential.

frontiers outward in the traditional regions of the new innovation landscape, while enabling non-experts to

"The Innovation Navigator" guides the reader in exploring

participate in some activities like never before, especially

and exploiting these different modes of innovation.

in the venture and community modes.

Individual chapters provide key insights into

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THE HIKE MAGAZINE

The Innovation Navigator

the inherent opportunities and challenges from a number of vantage points: from the impact on organizational resources to the role of incentives. The book also provides a framework for how firms can leverage dynamic mode shifts and multimode strategies. Firms across the industrial spectrum are profiled, from new additive manufacturing companies such as Formlabs, community-based solution providers like Forth, to traditional firms exploring new modes like GE Appliances and their FirstBuild initiative. "The Innovation Navigator" will assist executives in building the capabilities for peak performance in this new innovation landscape. In the end, the authors developed their frameworks to help managers and executives take advantage of the tremendous opportunities that present themselves in each of the new modes of innovation. In the early chapters, they discuss some history behind the continued development of the two forces which are expanding the innovation landscape. Then they dive into the individual innovation modes, with an eye toward giving practical advice on how to approach the unique benefits and challenges of each mode. Finally, they discuss how they can use these modes together to great effect. "In this book, the authors discuss how two forces â&#x20AC;&#x201C; digital design and a collaborative culture â&#x20AC;&#x201C; are moving us from the pre-digital age into the digital era," wrote Ric Fulop Founder and CEO, Desktop Metal, Inc. in the book's Foreword. "In this new era, these two forces are paving the way for transformative breakthroughs, not only in the speed with which we can prototype, but in the designs themselves and how they are manufactured. These new opportunities will reshape how firms approach design, development, and manufacturing and how they organize themselves and involve others in the process. Cloud-based CAD (computer-aided design) to facilitate distributed collaboration, design optimization via generative design, real-time engineering analysis, increasingly fast and near-net-shaped custom prototyping and production 3D printing, and exponential growth of collaborative communication platforms like Slack are examples of this trend. The pace is breathtaking. We are living in an exciting time, and those that best implement these new technologies and platforms will have a competitive advantage." Professor Marion has over 20 years of experience in product design, development and commercialization. Prior to entering academia, Tucker held product development and manufacturing positions in the

PAGEÂ 070


"The Innovation Navigator: Transforming Your Organization in the Era of Digital Design and Collaborative Culture," To purchase a copy go to Amazon.com

automotive industry including Visteon Corporation and

Dr. Fixson concentrates his research work on creating

Ford Motor Company. His expertise centered on bringing

knowledge to help organizations build innovation

electronic systems from business case through

capabilities. His recent research investigates how

manufacturing and production ramp. He has also started

innovation performance is impacted through the

or co-founded several start-ups where he led the design,

underlying problem structure, through choices in process

engineering and development products ranging from

governance (open vs. closed innovation), through the use

consumer products to industrial systems. Products where

of digital design tools, and through the use of innovation

he led the design and development effort have appeared

practices such as Design Thinking. Results of his research

in Popular Science, the New York Times, and others.

workflow directly into his teaching and advising activities.

Tucker has significant expertise in the development of

Dr. Fixson teaches on the subjects of innovation, design,

electronic modules, sensors, and systems. He regularly

and operations management to audiences across all

consults with technology firms on improving their

programs (Undergraduate, MBA/MS, Executive Education)

innovation processes.

at Babson and around the world.

Professor Marion joined Northeastern in 2007, where he developed core graduate courses for the new School of

Prior to joining the Babson College faculty in 2008, he has

Technological Entrepreneurship. In 2013, he led the

taught at the University of Michigan's Industrial and

development and launch of the new Master's of Science in

Operations Engineering department, MIT's Sloan School

Innovation program and currently serves in the following

of Management, and Northeastern University's School of

roles: Entrepreneurship & Innovation Group Coordinator

Technological Entrepreneurship. Dr. Fixson collaborates

for Academic Programs, Director of the Innovation

with industrial partners in various formats, ranging from

Masters programs, Co-Director of the Institute for Global

joint research projects, to teaching, advising and

Innovation Management. His custom executive

consulting, to speaking engagements. Dr. Fixson's work

education classes include design thinking, rapid design

has appeared in books and journals such as Concurrent

and development, corporate entrepreneurship,

Engineering, Creativity and Innovation Management,

innovation strategy, and revitalizing organizational

Design Management Review, IEEE Transactions on

growth starting with empowered, entrepreneurial teams.

Engineering Management, International Journal of Automotive Technology and Management, Journal of

Sebastian Fixson is Professor of Innovation & Design at

Operations Management, Journal of Product Innovation

Babson College. He also served as the founding Faculty

Management, MIT Sloan Management Review, Research

Director of Babson's Master of Science in Management in

Policy, Research-Technology Management, Technology

Entrepreneurial Leadership (MSEL) program from 2014-

Analysis & Strategic Management, as well as online

2017. Trained as both an engineer and a social scientist,

outlets such as Harvard Business Review online.

PAGEÂ 071


NEW VIRTUAL HUMAN TECHNOLOGY FROM TALESPIN LEVERAGES VR AND AI FOR TEACHING 'SOFT SKILLS'

Talespin, the leading developer of enterprise XR solutions, announced its new virtual human technology, a virtual reality (VR) soft skills training tool powered by artificial intelligence (AI). The software empowers organizations to significantly improve employee learning and development (L&D), particularly when it comes to training interpersonal and leadership skills like communication, negotiating and conflict resolution. Leadership and communication skills, commonly referred to as "soft skills," are the fundamental attributes that allow people to interact effectively, and

FIRST PLATFORM DEMO SIMULATES HR

are a top priority for talent development, according to LinkedIn's 2018 Workplace Learning Report.

USE CASE, TASKS TRAINEES WITH FIRING VIRTUAL CHARACTER "BARRY"

Talespin's virtual human technology leverages VR to present trainees with a safe, repeatable learning environment to practice these nuanced interpersonal skills and to simulate challenging situations. PAGEÂ 072


When using the platform, trainees interact with a virtual human, or character, that uses speech recognition, AI, Natural Language Processing (NLP) and narrative branching to realistically simulate a conversation. The virtual character's delivery of realistic speech, body language and mannerisms creates emotional realism in the simulations, a vital component to practicing communication that's typically missing in other training systems or role play. To demonstrate the power of the software, Talespin created a demo putting the user in the shoes of an HR manager tasked with terminating a fellow employee named "Barry." The scenario captures the real stress and emotion typically associated with this situation and presents trainees with common wrongful termination pitfalls such as demonstrating bias. The AI-enabled software provides real-time feedback so a trainee can gain virtual experience that feels real enough to create emotional muscle memory, and get real-time guidance on how to empathetically and effectively terminate an employee. "Improved workplace communication and empathy are the most critical factors we've identified as we help organizations think about the future of work," said Kyle Jackson, CEO and co-founder of Talespin. "We've developed our virtual human technology to help people better prepare for a rapidly changing workplace dynamic and evolving technology by improving their interpersonal skills. With this platform, we're empowering people to become better managers, colleagues, and communicators, and in turn, helping our customers unlock innovation and growth."Â Virtual human technology comes as the latest component of Talespin's platform of connected XR solutions, which offers enterprise customers VR software for job simulation, augmented reality (AR) tools to support distributed workforces in the field, and immersive business intelligence applications. Since 2015, Talespin has been leveraging its platform to help its customers transform their employee training and business processes with VR and AR technology and content. Talespin's virtual human technology offers organizations the ability to integrate their own subject matter and learning curriculums, and supports a diverse range of virtual characters and use cases. Gamified scoring, dynamic feedback and enterprise integrations allow Talespin customers to track employee engagement and development. The platform's adaptable feature set has been designed for a wide variety of use cases ranging from giving critical feedback and employee performance reviews to sales training and conflict resolution. Talespin has multiple Fortune 100 customers currently using its virtual human technology, and will be announcing them later in 2019. About Talespin: Talespin creates transformative XR business solutions. Founded in 2015, the company leverages its XR technology platform to help enterprise clients virtually simulate jobs, support workforces with augmented reality field tools, and to improve workforce intelligence with mixed reality. In 2017, Talespin acquired Sticky Studios, a premium game development company focused on delivering high-quality VR and mobile game experiences. Talespin is using spatial computing, immersive experience design and AI to help build a more collaborative, inclusive, and productive future of work. For more information: www.talespin.company

PAGEÂ 073


EIGHT RISK AREAS UNDERSCORE HOW SHIFT TO DIGITAL IS BRINGING GREAT OPPORTUNITY AND MORE RISK

Aon plc the leading global professional services firm providing a broad range of risk, retirement and health solutions, released its 2019 Cyber Security Risk Report today. The report, which details the greatest cyber security threats and challenges organizations are currently facing, discusses that as companies continue to use technology to speed up the transfer of information, game-changing business opportunities are created, as well as increased cyber risk. "In 2018 we witnessed that a proactive approach to cyber preparation and planning paid off for the companies that

AON RELEASES 2019

invested in it, and in 2019, we anticipate the need for advanced planning will only further accelerate," said J.

CYBER SECURITY RISK REPORT:

Hogg, CEO of Cyber Solutions at Aon. "Leaders must work

"WHAT'S NOW AND WHAT'S NEXT"

to better insulate their companies and their processes, while simultaneously identifying the ways they can benefit from the opportunities offered through technology and digital transformation." PAGEÂ 074


Hogg continued: "Our 2019 report also shows that organizations must recognize the need to share threat intelligence across not only their own network but with others as well. While it may seem counterintuitive when thinking about cyber security, collaboration within and across enterprises and industries can keep private data of companies and individuals alike safer. Working together can result in improved efforts to hunt bad actors, while also raising the bar and making all parties more prepared for the inevitable day when a disruption does happen." The "What's Now and What's Next" report focuses on eight specific risk areas that companies may face in 2019. The risks illustrate how, as organizations transition to a digital-first approach across all transactions, the attack surface of global business expands rapidly and sometimes in unexpected ways. In other words, thanks to the rapid enhancements and constant changes in technology, the number of touch points that cyber criminals can access within a business is growing exponentially. Highlights from the report include: Technology – While technology has revolutionized the way organizations today conduct business, broader and wider-spread use of technology also brings vulnerabilities. From publishing to automotive, industries are facing new, evolving services and business models. These new opportunities however, bring with them a radically different set of risks, which organizations will need to anticipate and manage as they continue the digital transformation process. Supply Chain – Two prevailing supply chain trends will heighten cyber risks dramatically in the coming year: one is the rapid expansion of operational data exposed to cyber adversaries, from mobile and edge devices like the Internet of Things (IoT); and the other trend is companies' growing reliance on third-party—and even fourth-party—vendors and service providers. Both trends present attackers with new openings into supply chains, and require board-level, forward-looking risk management in order to sustain reliable and viable business operations. IoT – IoT devices are everywhere, and every device in a workplace now presents a potential security risk. Many companies don't securely manage or even inventory all IoT devices that touch their business, which is already resulting in breaches. As time goes on, the number of IoT endpoints will increase dramatically, facilitated by the current worldwide rollouts of cellular IoT and the forthcoming transition to 5G. Effective organizational inventory and monitoring process implementation will be critical for companies in the coming year and beyond. 

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THE HIKE MAGAZINE

Aon Cyber Security Risk Report Business Operations – Connectivity to the Internet improves operational tasks dramatically, but increased connectivity also leads to new security vulnerabilities. The attack surface expands greatly as connectivity increases, making it easier for attackers to move laterally across an entire network. Further, operational shortcuts or ineffective backup processes can make the impact of an attack on business operations even more significant. Organizations need to be better aware of, and prepared for, the cyber impact of increased connectivity. Employees – Employees remain one of the most common causes of breaches. Yet employees likely do not even realize the true threat they pose to an entire organization's cyber security. As technology continues to impact every job function, from the CEO to the entry-level intern, it is imperative for organizations to establish a comprehensive approach to mitigate insider risks, including strong data governance, communicating cyber security policies throughout the organization, and implementing effective access and data-protection controls. Mergers & Acquisitions (M&A) – Projections anticipate that M&A deal value will top $4 trillion in 2018, which would be the highest in four years. The conundrum this poses to companies acquiring other businesses is that while they may have a flawless approach to cyber security enterprise risk, there is no guarantee that their M&A target has the same approach in place. Dealmakers must weave specific cyber security strategies into their larger M&A plans if they want to ensure seamless transitions in the future. Regulatory – Increased regulation, laws, rules and standards related to cyber are designed to protect and insulate businesses and their customers. The pace of cyber regulation enforcement increased in 2018, setting the stage for heightened compliance risk in 2019. Regulation and compliance, however, cannot become the sole focus. Firms must balance both new regulations and evolving cyber threats, which will require vigilance on all sides. Board of Directors – Cyber security oversight continues to be a point of emphasis for board directors and officers, but recent history has seen an expanding personal risk raising the stakes. Boards must continue to expand their focus and set a strong tone across the company, not only for actions taken after a cyber incident, but also proactive preparation and planning. About Aon Aon is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. To learn more about the solutions offered by Aon, please also visit www.aon.com

PAGE 076


BAHAMIAN TECH COMPANY PO8 IS USING NON-FUNGIBLE TOKENS (NFTS) TO CATALOG ARTIFACTS ON THE BLOCKCHAIN Billions worth of underwater artifacts become real use

NFTs make it possible for the physical artifacts to remain in

case for Non-Fungible Tokens.

the possession of the PO8 Museum Foundation ensuring preservation and access to recovered artifacts via exhibitions

Bahamian tech company PO8 is using Non-Fungible Tokens

and educational programs, while the ownership can be sold

(NFTs) to catalog artifacts on the blockchain, recovered from

in the form of an NFT to collectors and investors worldwide.Â

shipwreck sites in The Bahamas - a market sized at $100B in

The end result is a new asset class and store of value for the

sunken artifacts. Utilizing NFTs, PO8 is restoring trust to the

owners, and new sources of revenues for The Bahamas to

marine salvage industry, an industry victimized by bad

invest back into the local economy.

actors pillaging shipwreck sites or defrauding investors. "Through NFTs we are setting a new standard for artifact

About PO8:

recovery," said Matthew Arnett, CEO of PO8. "NFTs will be

PO8 is a marine archaeology tech company utilizing

that necessary bridge between the archaeology community

blockchain technology to excavate underutilized sunken

and the commercial side. This not only allows us to recover

artifacts from ocean floors, generating untapped sources of

artifacts for preservation purposes, but it also lets us

revenues for funding social programs, creating jobs and

embrace the economic side in a responsible way."

jumpstarting local economies. www.po8.io PAGEÂ 077


RETURNING ASTRONAUTS TO THE MOON: LOCKHEED MARTIN FINALIZES FULL-SCALE CISLUNAR HABITAT PROTOTYPE NextSTEP Habitat Prototype to Support NASA's Gateway Architecture For long-duration, deep space missions, astronauts will

The full-scale prototype, or Habitat Ground Test Article

need a highly efficient and reconfigurable space, and

(HGTA), is built inside of a repurposed shuttle-era cargo

Lockheed Martin is researching and designing ways to

container, called a Multi-Purpose Logistics Module (MPLM), at

support those missions. Under a public-private partnership

Kennedy Space Center. Using rapid prototyping and modern

as a part of NASA's Next Space Technologies for Exploration

design tools like virtual and augmented reality, the team

Partnerships (NextSTEP) Phase II study contract, Lockheed

customized the interior making full use of the entire volume

Martin has completed the initial ground prototype for a

of the module to accommodate a variety of tasks like science

cislunar habitat that would be compatible with NASA's

missions and personal needs of future astronauts.

Gateway architecture. The team also studied how to apply the advanced, deep This habitat will help NASA study and assess the critical

space capabilities that are already built in to NASA's Orion

capabilities needed to build a sustainable presence around

spacecraft. Through additional research and development

the Moon and support pioneering human exploration in

funding, the NextSTEP team also applied mixed-reality

deep space.

technology to further refine the concept. PAGEÂ 078


Lockheed Martin

"Throughout the design and engineering process of this highfidelity prototype, we have kept the diversity of missions topof-mind," said Bill Pratt, Lockheed Martin Space NextSTEP program manager. "By building modularity in from the beginning, our design can support Lunar orbit and surface science missions along with commercial operations, all while accelerating the path to the Moon." Over the past five months, the team used tools like virtual and augmented reality to simplify and streamline the build-up process. They also applied expertise from Lockheed Martin's heritage of operating autonomous interplanetary robotic missions, like OSIRIS-REx and InSight, to integrate reliable robotic capabilities in to the design. "Getting back to the Moon, and eventually Mars, is no small feat, but our team are mission visionaries," said Pratt. "They have worked to apply lessons learned from our experience with deep space robotic missions to this first-of-its-kind spacecraft around the Moon." The Lockheed Martin team will soon transition the prototype to the NASA NextSTEP team for assessment. During the week of March 25, a team of NASA astronauts will live and work inside the prototype, evaluating the layout and providing feedback.  The NASA test team will also validate the overall design and will be able to evaluate the standards and common interfaces, like the International Docking System Standard (IDSS), and how to apply those systems for longterm missions based at the Lunar Gateway. Once NASA testing has completed, Lockheed Martin will continue to optimize and study the prototype to prepare for other Lunar efforts. About Lockheed Martin: Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. For additional information, visit www.lockheedmartin.com

PAGE 079


INNOVATORS TACKLE DIGITAL DIVIDE, GENDER GAP AND DIGITAL LITERACY AMONG MARGINALIZED COMMUNITIES The Mohammed bin Rashid Initiative for Global Prosperity The Mohammed bin Rashid Initiative for Global Prosperity

More than half the world's population has no access to the

has inspired makers and innovators from all over the world

internet, meaning roughly 3.2 billion people are missing out

to find solutions that can address the challenge with

on the vast opportunities that connectivity offers, such as

bridging the Digital Divide and promoting Digital Literacy to

boosting economic growth and efficiency, enabling a more

overcome inequality globally, particularly in marginalized

productive workforce, improving service delivery, and

communities.

expanding educational opportunities.

With the objective of providing people in remote areas with

Moreover, in countries that are connected, male internet

access to reliable and affordable internet connectivity, the

users outnumber their female counterparts.

Digital Divide and Digital Literacy Challenge is one of four Global Maker Challenges that form part of the Mohammed

Overcoming the 'digital divide' is dependent on having digital

bin Rashid Initiative for Global Prosperity, which was

infrastructure in rural communities to enhance the speed of

launched by the Global Manufacturing and Industrialisation

connectivity and ensure the availability of sufficient training

Summit (GMIS) in 2018.

required to navigate such technology.

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THE HIKE MAGAZINE

Tackling Global Challenges The Digital Divide and Digital Literacy Challenge seeks to tackle all of these problems by inviting makers and innovators from all around the world to put forward manufactured products and innovative solutions that could bolster and scale the use of existing technologies to accelerate the spread of global connectivity, create affordable opportunities for underserved communities to access digital technologies, and promote equitable use of digital services and technology that empower marginalized communities to overcome barriers to digital literacy, education, and economic opportunities. Badr Al-Olama, Head of the Organising Committee for GMIS, said: "The Mohammed bin Rashid Initiative for Global Prosperity is about solving realworld challenges, and creating a movement that will be led and driven by a community of 'makers' globally. Digital Divide and Digital Literacy is something the world needs to address â&#x20AC;&#x201C; whether it is to evenly distribute the potential opportunities brought by the Fourth Industrial Revolution, or simply to close the digital gap that unfortunately exists in remote and rural parts of our world." "We have received some incredible submissions so far, and the best part is that these solutions are coming from all over the world, including developing countries. This is just the beginning, and we are excited by the potential impact of the Global Prosperity platform in channeling efforts and creativity towards global good." One of the solutions submitted was by Congolese-Canadian start-up Ascoderu who developed a custom software and hardware device called Lokole. The device enables emailing in places where there is already cellular coverage, but at a fraction of a network's normal data costs. Once plugged into a power source, the device acts as a modem and creates a local WiFi network that up to 100 users within a 25-metre radius can connect to and create an email address to start emailing. Lokole plans to run a pilot project of this solution to the digital divide in the Democratic Republic of the Congo (DRC) by July 2019. "Lokole focused on a bottom-up approach. We didn't reinvent the wheel, but used existing technologies and services and adapted them to the real needs of rural people," said Nzola Swasisa, the CEO and founder of Ascoderu. "Through Lokole, the students, educators, nurses, farmers, civil society and non-governmental organisations in the remote villages will be able to access important materials and be able to send and receive emails with needed file attachments right in the village, without having to walk several kilometers to the main city to access the internet."

PAGEÂ 081


Another unique solution was one which was aimed at

solution for people suffering with sight issues to better access

addressing the gender gap in tech. In 2017 the Startup

the digital world, Smart Braille is the first mobile application

(EAK)EraseAllKittens.com launched a prototype of an online

that implements a keyboard based on the Braille alphabet

platform adventure game designed to equip young women

that is designed for use by blind and visually impaired people.

with digital skills. EAK inspires children and young adults to

It enables faster and more private communication through

code without pandering to gender stereotypes and, due to its

efficient typing, editing and auto-correct functions, while text

gamified content, it also encourages collaboration amongst

is detected by a mobile camera read to the user in real-time.

students, allowing teachers to become facilitators of

The app is currently available for Android, with plans to make

independent, autonomous learning. The company aims to

it available for iOS and to integrate different language

build more engaging 'Mario-style' levels, to empower

interpretations of the Braille Alphabet.

students, especially young women, with HTML, CSS and Javascript skills, with the aim of eventually guiding them on

"Technology offers so many opportunities, and we believe

how to build their own simple websites and web apps.

that to truly benefit from it, people with visual impairments need solutions that are developed specifically for their

Commenting on the success of their platform so far, Dee

needs," said Stefan Tasevski, one of the founders of

Saigal, EAK's CEO, said, "Solely through word-of-mouth, our

Macedonia-based Smart Braille. "It is about more than just

prototype has 150,000 players in over 100 countries, of which

making the standard solutions accessible, it's about providing

55% are girls and young women. Furthermore, 95% of all

solutions that help improve lives, and we want to bridge that

EAK's players want to learn more about coding after playing,

gap."

and this data was collected via 12,000 feedback forms at the end of the game. Through beta-testing with schools in the UK

With access to prizes worth up to US $1 million dollars

and Syria, we found that EAK encourages young women to

including access to mentorship from global organisations, the

become researchers, teachers, problem-solvers, team

Mohammed bin Rashid Initiative for Global Prosperity has

builders, writers and designers, as well as coders. Our team is

created an inspirational platform accessible to 'makers' who

very passionate about closing the gender gap in tech, and

want to solve some of the world's toughest societal problems.

we're working towards building the best learning tool possible

Aligned with the United Nations Sustainable Development

to help make this happen."

Goals, the initiative aims to empower entrepreneurs, innovators and technologists to drive social innovation and

There was also a submission seeking to aid the visually

advance global prosperity.

impaired which the World Health Organization estimates to be

A humanitarian champion who has impacted and improved

at 285 million people worldwide. Providing an innovative

the lives of over 130 million people across 116 countries,

PAGEÂ 082


Creating Global Prosperity

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, and Ruler of Dubai, has placed great emphasis on the role of innovation to reshape industries, and strengthen economies and societies. The Mohammed bin Rashid Initiative for Global Prosperity combines the Global Maker Challenge, an online open-innovation platform designed to promote and accelerate global prosperity through product innovation; and the Global Prosperity Award, a prestigious global accolade that recognizes and rewards corporate social responsibility that advances resilience, community, harmony and dignity across the world. The four Global Maker Challenges, which, in addition to Digital Divide and Digital Literacy, also include Sustainable Energy, Sustainable Cities, Rural Transformation and Zero Hunger, were determined in partnership with eight UN agencies and NGOs, and were detailed through challenge design workshops in Boston, Vienna and Cairo led by experts from MIT University's Solve initiative. The workshops brought together over 300 global experts from governments, global organisations and private corporations, as well as start-ups, incubators and academic researchers. Submissions closed on 31st January 2019, and an independent judging panel made up of members of NGOs, academia and the private sector are currently shortlisting candidates from over 1,000 submissions for a live pitching session. Winners will be announced in July at the 2019 Global Manufacturing and Industrialisation Summit in the city of Yekaterinburg, Russia. About the Mohammed bin Rashid Initiative for Global Prosperity: A gift from His Highness Sheikh Mohammed bin Rashid Al-Maktoum, Vice President and Prime Minister of the United Arab Emirates, and Ruler of Dubai, to the world – The Mohammed bin Rashid (MBR) Initiative for Global Prosperity is an ambitious and impactful worldwide extension of the UAE's own transformational vision, built on four core values: resilience, community, harmony, and dignity. It combines the MBR Global Maker Challenge – an online open-innovation platform for 'makers' and innovators to solve specific realworld challenges, and the MBR Global Prosperity Award – a prestigious global accolade that recognizes and rewards social innovation brought by manufacturing for the betterment of humanity. The initiative brings together companies, startups and entrepreneurs, governments and NGOs to create an ecosystem designed to enable new businesses to be built, new jobs to be created, and new solutions to be unlocked in support of the United Nations Sustainable Development Goals. www.makingprosperity.com

PAGE 083


DIAGEO MAKES PROGRESS TO CLOSE GENDER PAY GAP; ANNOUNCES STEM SCHOLARSHIPS - Diageo Great Britain and Diageo Scotland combined

In the Diageo Great Britain business, we have a median

median pay gap of +5.4% (2017: +8.6%)

gender pay gap of -12.6% this year. This position reflects the good progress made to date on developing, promoting and

- Diageo Great Britain median pay gap of -12.6%

recruiting female talent into more senior roles within the

(2017: -9.8%)Diageo Scotland median pay gap of

company.

+18.0% (2017: +16.7%) In 2018, the number of women in senior leadership - Diageo published its second Gender Pay Gap Report

positions globally at Diageo also increased to 34% (2017:

showing an improvement in the median pay gap to

30%). The company invests in job design to support flexible

+5.4% (2017: +8.6%) for Diageo employees across all

working to retain female talent; in coaching pre, during and

legal entities in Great Britain and Scotland

post maternity leave; and in diversity training for senior leaders. In Diageo Scotland, our 24/7 manufacturing

- The mean pay gap also improved this year across these

business, the company has a median pay gap of +18.0%

businesses to -3.5% (2017: +0.6%)

(2017: +16.7%). This gap grew in 2018, as it saw a reduction in the number of women opting for shift allowances for unsociable hours and the continuation of a long-term trend PAGEÂ 084


THE HIKE MAGAZINE

www.diageo.com

of manufacturing roles being filled by men. This year, Diageo has recruited more women than men into entry level roles in its Scotland business; 50% of all promotions were women; 66% of graduates hired were women; and it placed female science undergraduates in its innovation lab in Menstrie. Diageo's focus for its business in Scotland is to build a strong pipeline of future female leaders across both office and manufacturing roles and it is confident that it has the right plans in place to narrow this pay gap in the future. Today, Diageo announced the creation of two new scholarships in partnership with Heriot-Watt University in Edinburgh. The Diageo Scholarships aim to encourage more female students into Science, Technology, Engineering and Mathematics (STEM) careers and provide a pipeline of talent for the future in areas specifically related to its business. Over each of the next three years, the scholarships will provide two women studying a BSc in Brewing and Distilling and an MEng in Mechanical Engineering with paid internships, mentoring from senior women in its manufacturing business and funding for the duration of their degrees. Overall, women make up 40% of the global Diageo Executive Committee and currently hold 34% of leadership roles. Following the retirement of two Non-Executive Directors in September 2018, three out of eight board positions are held by women. Diageo intends to restore gender parity in due course. Mairéad Nayager, Chief Human Resources Officer, Diageo said, “We aim to be the best employer for women in the UK and are actively working to ensure we have a strong pipeline of female talent, across the broad variety of roles in our business. While there is more work to do, we are proud that our work on inclusion and diversity is making Diageo a stronger company and I am pleased with the progress we have made this year towards closing the gender pay gap across our combined businesses in Great Britain and Scotland.” Diageo was recently ranked 1st in the UK in Equileap’s Gender Equality Ranking and the 4th Most Diverse and Inclusive Workplace globally by the Thomson Reuters Diversity & Inclusion Index 2018.

PAGE 085


NOUS INFOSYSTEMS HELPS OVER 5000 UNDERPRIVILEGED STUDENTS IN INDIA In the last 2 years, Nous Infosystems has helped over 5000

Nous Infosystems CSR outreach program.

underprivileged children in India to access better

Over 100 volunteers from the organization have helped to

educational facilities by providing infrastructure, books,

drive this cause by contributing in various ways on the

uniforms, etc.

ground.

What started in 2017 in Bangalore (India) as a modest

Speaking about her experience, Mrs. Chhaya Rohin

initiative to provide study material for underprivileged

Barvataya, one of the Nous volunteers said, "For the past 2

children studying in public schools, turned into a

years, our team of energetic employees has shown sheer

wholehearted effort from Nous Infosystems in 2018. In the

commitment to help children get educated with good

last couple of years, a few public schools from Karnataka,

facilities. It is indeed an overwhelming experience to see

Tamil Nadu, and Kerala in India have benefited from

our efforts bring a smile on the faces of these little souls."

Corporate Social Responsibility (CSR) efforts of Nous Infosystems. Government Model Primary and Higher

Nous Infosystems also contributed an undisclosed sum for

Secondary School, Agara, Bangalore, Machamapalyam

the rehabilitation of local schools in Karnataka and Kerala,

Primary school, Coimbatore and Swathy Central School in

post-August 2018 floods. This organizational initiative

Ottapalam, Palakkad have been the major beneficiaries of

commenced by first reaching out to the district authorities PAGEÂ 086


THE HIKE MAGAZINE

www.nousinfosystems.com

and a few Non-Government Organizations (NGOs) and then an in-person visit to estimate the damage caused to the local schools by the devastating floods. This exercise helped the organization to zero-in on eight schools in the Coorg (Karnataka) and Alwaye, Wayanad (Kerala). "It was disheartening to see the damage that the schools incurred, but we also witnessed the imperishable spirit of the children. We thank the District Administration and the NGOs for helping us identify schools that needed support. We are determined to provide the required facilities to the schools to ensure they get back to same or better facilities especially when it comes to their Computers and Science labs. In the majority of the schools selected to receive aid, Nous Infosystems has also offered to replenish their sports facilities to ensure overall development of the children." said Aji John Joseph, VP â&#x20AC;&#x201C; HR, Nous Infosystems who is leading the rehabilitation initiatives working closely with the school authorities. About Nous Infosystems: 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 industry for over 2 decades, Nous works with Fortune 500 & Global 2000 companies and has offices in USA, UK, Canada, Germany & India. Nous' core offerings include Product Engineering Services, Application Development & Maintenance, Independent Testing and Infrastructure Management Services. The Centre of Competencies (CoCs) for Digital Transformation, Business Intelligence (BI) & Analytics, Mobility, Cloud, Enterprise Portals and UI/UX practices are part of Nous' specialized offerings.

PAGEÂ 087


PORSCHE INVESTS IN US AI STARTUP "URGENT.LY" Investment in artificial intelligence: Porsche has

beginning, the customer is provided with transparency

invested in start-up "Urgent.ly". The American company

regarding the location (exact to the second) and the

sees itself as the leading global platform for mobility and

expected arrival time of the roadside assistance provider. In

roadside assistance. The financing round amounted to 21

the USA, more than half of all roadside assistance providers

million U.S. dollars (18.5 million euros). Alongside "Porsche

are already connected to the platform, which serves around

Ventures", other companies obtained shares in Urgent.ly,

45,000 networked vehicles.

including "BMW i Ventures" and "InMotion Ventures", the venture capital division of Jaguar Land Rover.

"Urgent.ly is an innovative platform solution which impresses with its speed and transparency. It is also

The U.S. start-up's platform supports roadside assistance

internationally scalable. We are convinced that it can help

services in North America, Europe and Asia. Using artificial

increase customer satisfaction levels in critical situations,"

intelligence and geolocation, Urgent.ly connects drivers,

says Kilian Sauerwald, Director Aftersales Region and

service providers and automotive manufacturers in real

Market Development at Porsche. "The team at Urgent.ly

time, thus coordinating the best and fastest help in the

sets itself apart due to its well founded expertise within the

event of a breakdown. This means that, from the very

customer and technology business. This is why we chose a strategic investment." PAGEÂ 088


Investment in Mobility AI

"Urgent.ly is an innovative platform solution which impresses with its speed and transparency. It is also internationally scalable. We are convinced that it can help increase customer satisfaction levels in critical situations," Kilian Sauerwald, Porsche

"The support of our investors confirms our strategy and business model. We are aiming to create a range of services for the mobility and roadside assistance industry which meets the expectations and requirements of our customers," says Chris Spanos, CEO and cofounder of Urgent.ly. "We look forward to continuing to advance our connected services across the global automotive, insurance and mobility markets." Porsche Ventures seeks strategic investments in business models relating to the customer experience, mobility and digital lifestyle, as well as in future technologies such as artificial intelligence, blockchain and virtual and augmented reality. Through its venture capital activities, the sports car manufacturer Porsche invests in new companies that are in the early and growth phases. Amongst the latest investments there has been the Berlin-based start-up Gapless. Their blockchain-based solution allows customers to digitally manage their vintage vehicles, including the entire history, and to share it with other users in a forgery-proof way. Porsche also holds shares in the fast-growing Swiss technology company WayRay. This start-up develops and produces holographic augmented reality head-up display technologies and is working on the ability to seamlessly integrate virtual objects into the driving experience. Porsche also has invested in the start-ups Anagog, Miles and homeiX, as well as technology and sports car company Rimac.

PAGEÂ 089


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&#x20AC;&#x2122;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


THE HIKE MAGAZINE

www.innovate-israel.com The global innovation industry is one of the fastest growing sectors, accelerating in demand and profit. To become a leader in sectors such as IT, Automotive, Consumer products, Health, Pharmaceutical, Finance, E-commerce, Retail, Banking, Insurance, Energy, IoT, Constructiontech, Travel and more, you need to reinvent, be innovative at developing new technologies, create within a shorter product life cycle and be the first to market. Innovate Israel connects global corporations seeking advanced technological solutions, with fresh initiatives, by matching their business needs with experienced entrepreneurs and startups in Israel. Through Innovate Israel, corporations can reduce cost, time to market and risk factors by leveraging resources and knowledge from the Startup ecosystem to create technological solutions. At Innovate Israel, we are building a new global innovative community, comprised of corporations worldwide, Israeli startups, innovators, entrepreneurs and key business leaders. GLOBAL OPEN INNOVATION CONSULTING Innovate Israel creates lucrative partnerships by representing the innovative technological needs of global corporations by matching the right startup with the precise business solution. INVESTMENT OPPORTUNITIES Innovate Israel guides global companies to make strategic investments in the Israeli Startup Ecosystem. R&D CENTERS Innovate Israel accelerates the development of R&D Centers in Israel for global corporations. Innovate Israel guides and assists global corporations to open and grow their R&D Center in Israel. CONNECT Innovate Israel connects the Global Innovation Community in innovative ways to provide a real platform for collaboration and development. SCOUTING Innovate Israel guides your corporation to be the first at finding cutting-edge technologies and solutions that match your technological and business challenges. DELEGATIONS Innovate Israel escorts business decision makers from all around the globe and creates customized, high-profile, engaging ecosystem meetings in Israel.

PAGEÂ 091


MAJORITY OF TECH INDUSTRY LEADERS EXPECT SILICON VALLEY TO BE SURPASSED AS GLOBAL TECH INNOVATION CENTER New York, Beijing, Tokyo, London seen as becoming

Technology Leader. "Several much-discussed factors ranging

leading tech hubs outside Silicon Valley.

from the cost-of-living to an overmatched infrastructure to questions about corporate culture are contributing to the

For the first time in KPMG's annual Global Technology

perception that Silicon Valley may not continue to dominate

Industry Innovation Survey, more than half of the

tech innovation in the coming years."

respondents believe Silicon Valley will no longer be the technology innovation center of the world in four years.

Nearly 60 percent believe that it is likely or very likely that the

The finding is in the first of a series of reports highlighting

technology innovation center of the world will move from

key insights from a survey of over 740 technology industry

Silicon Valley by 2023. While not specifically addressing

leaders globally.

which global city would replace Silicon Valley, in a separate question, tech industry leaders tabbed New York to become

"The belief that Silicon Valley will be displaced as the

the top tech hub in addition to Silicon Valley.

leading hub underscores the continuing decentralization of technology innovation, spurred by investment in other cities

High profile announcements by tech giants helped push New

and regions globally, as well as contributing factors in

York, Boston and Austin up in the rankings this year.

Silicon Valley," said Tim Zanni, KPMG Global and U.S.

Other notable risers included Taipei and Paris. PAGEÂ 092


Here are the top 15 cities outside Silicon Valley:

When considering the most promising market for tech

1. New York

innovation and breakthroughs that have a global impact, 23

2. Beijing

percent of those surveyed named the U.S. compared to 34

3. Tokyo

percent in last year's report. China remained second at 17

4. London

percent compared to 26 percent a year ago, followed by the

5. Shanghai

U.K. at 9 percent, with Japan ranked fourth and Singapore

6. Taipei

and India tied for fifth. The grouping of the top 5 countries is

7. Singapore

much closer than in last year's survey.

8. Seoul 9. Boston

"Even when faced with pressing issues that call for funding,

10. Austin

cities and countries are carving out significant investment to

11. Berlin

become a technology innovation hub due to an expected

12. Hong Kong

broad economic impact," said Zanni. "They are acting on the

13. Washington D.C.

Nobel Prize-winning theory that investing in tech innovation,

14. Paris

the knowledge sector and human capital will drive long-term

15. Tel Aviv

economic growth."Â

The rankings reflect the perception of technology industry

About the research

leaders surveyed, and provide an interesting juxtaposition

The 2019 KPMG Technology Industry Innovation Survey, now

when compared to four other publicly available data-driven

in its seventh year, included responses from over 740 global

indices. Together, they offer additional insight into the

leaders in the technology industry. Twelve countries were

prospects for these technology innovation hubs.

represented and seventy six percent of the respondents were

For example, New York placed in the Top 2 in three of the five

C-level executives. The online survey was conducted from

indices, supporting the city's position in KPMG's survey.

December 2018 to January 2019.

Berlin was ranked between 11th and 18th in the five rankings, showing the most consistency and strong potential as a tech

About KPMG LLP

innovation hub.

KPMG LLP is the independent U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG

At the same, time, the KPMG study shows that other countries

International's independent member firms have 207,000

are closing the gap on the U.S. and China in the race to be a

professionals working in 153 countries.

technology innovation leader.

Learn more at www.kpmg.com

PAGEÂ 093


ADVANCED TECHNOLOGIES AND THE FUTURE OF TRANSPORTATION; A ROAD TO INNOVATION Investorideas.com, a global investor news source covering

In the Tesla Fourth Quarter & Full Year 2018 Update in

the tech sector, looks at the future of transportation as

January they reported, ”In the past two years, Tesla

autonomous vehicles, electric cars, smart cars and

vehicles have accounted for all of the electric vehicle (EV)

advanced tracking technology all become the new norm,

volume growth in the US. Even with the radical EV growth in

thanks to innovation from AI, blockchain and other

the second half of 2018, EVs still account for just 2% of the

technologies.

total US market, and there remains a substantial opportunity for EVs to continue to gain marketshare in the

You can’t talk about the future of transportation without

US and globally. Consumer purchases have demonstrated

naming Tesla Inc. founded in 2003 by visionary Elon Musk,

that EVs are becoming a preferred option, as EVs in Q4 2018

who is also looking at a whole new level of transportation

outsold hybrid electric vehicles (HEVs) in the US for the first

with SpaceX.

time in history.”

Not satisfied with being the leader in electric cars, the

But there are still some issues to work out for Tesla,

company also says, “All Tesla vehicles produced in our

including logistics as Forbes reported, “Tesla Confronts

factory, including Model 3, have the hardware needed for

'Logistic Nightmares' For Model 3 Says Musk.” Tesla is to

full self-driving capability at a safety level substantially

deliver up to 400,000 vehicles world-wide this year, so it’s a

greater than that of a human driver.”

problem that needs to be resolved.

PAGE 094


THE HIKE MAGAZINE

The Future of Transportation

Litelink Technologies Inc. a key player in technology and artificial intelligence within the logistics sector, is hoping to bring new technology solutions to the transportation industry. The company uses artificial intelligence and predictive analytics to solve the logistics industry’s fragmented and outdated technology problems. The company recently released an update on its 1SHIFT Logistics platform. The 1SHIFT trials were planned with the objectives of delivering the capability for a shipper to select amongst a preferred set of carriers, and then track the shipment until successfully delivered. A trucker will provide trip status and flag any issues via the 1SHIFT mobile app to minimize the communications with all parties and quickly resolve any obstacles for on-time delivery. “We have received positive market feedback both on our web and mobile solutions to date.  By getting our mobile app in the hands of real truckers, we were able to make improvements that will significantly improve user experience, reduce mobile data usage, and at the same time verify our solution scalability and security.  This is exactly the type of product feedback we were looking for prior to large-scale commercial launch,” states COO, Kent Churn.  “Investing in an early alpha trial only helps us improve what is not working, and validates what is working well.” Magna International Inc.  one of the world's largest automotive suppliers, has industry roots going back to 1957 when it began working with General Motors. Now the company says it’s racing to the future with new technology. AT CES 2019, Magna introduced the company's future vision of how electrification, autonomy and smart mobility intersect: "At CES 2019, ‘Welcome to Mobility' is Magna's vision of the future where electrification, autonomy and smart mobility are all intertwined," said Magna CTO, Swamy Kotagiri. "Leveraging more than 60 years of experience designing and developing new technology, Magna helps customers striving to change the entire vehicle experience, not just a few components. We are excited to demonstrate this holistic advantage at CES." Talking about electrification technology, Magna says, “Global automotive trends serve as our signposts and we have reached many milestones on our way to powertrain electrification.” Electrameccanica Vehicles Corp. a designer and manufacturer of electric vehicles with deep attachments in the automotive sector, recently said in an update to shareholders, “Our timing in entering this exciting new market could not have been better. The automotive industry is undergoing transformational changes throughout, with legacy automakers being disrupted by new EV entrants who are uniquely providing aspirational electric vehicles that consumers actually want to purchase.” They also recently reported: ”Vehicle production and delivery from the Zongshen factory will ramp up throughout 2019 and the Company remains on track to commence deliveries of vehicles to customers.” So what does the future hold?  Experts predict that “A person in almost any major city for example, could by 2040 be able to step out their front door to find waiting the autonomous pod they ordered from a nearby multi- storey charging station only minutes earlier.”

PAGE 095


DAIMLER AG AND BMW TO JOINTLY DEVELOP NEXT-GEN-TECH FOR AUTOMATED DRIVING - Long-term strategic cooperation planned

The Daimler AG and BMW Group are to join forces on automated driving. Initially, the focus will be on advancing

- Next generation of technologies for driver assistance

the development of next-generation technologies for driver

systems and highly automated driving on highways (SAE

assistance systems, automated driving on highways and

Level 3 and Level 4)

parking features (up to SAE Level 4). The two companies have signed a Memorandum of Understanding to jointly

- Goal: a flexible platform and shorter innovation cycles

develop this technology, which is key for future mobility. The Daimler AG and BMW Group view their partnership as a

- Technology to be market ready by mid-2020s

long-term, strategic cooperation and aim to make nextlevel technologies widely available by the middle of the

- Ola Källenius (Daimler): "Working with the right partners,

coming decade.

we want to continue enhancing this technology and get it ready for the road"

Ola Källenius, Member of the Board of Management of Daimler AG, responsible for Group Research and Mercedes-

- Klaus Fröhlich (BMW): "Consistent pursuit of scalable

Benz Cars Development said: "Autonomous driving is one of

platform strategy and pooling of expertise from two

the most revolutionary trends for us at the moment, and

technology leaders"

the entire Daimler Group is working very hard on it.

PAGE 096


As always at Daimler, our top priority is safety. Instead of

Levels 3 and 4 enabling automated driving on highways.

individual, stand-alone solutions, we want to develop a

In addition, the two partners plan to discuss the possibility of

reliable overall system that offers noticeable added-value for

extending their collaboration to cover higher levels of

customers. Working with the right partners, we want to make

automation, both on highways and in urban areas.

significant advances in enhancing the performance of this

These considerations underline the sustainable, long-term

technology and bring it safely on the road."

nature of the cooperation, which includes the aim to create a scalable platform for automated driving. The development of

"As we continue to pursue our strategy, we are combining the

current-generation technologies and ongoing collaborations

expertise of two technology leaders. At the BMW Group, long-

of the two companies will remain unaffected and continue as

term partnerships within a flexible, scalable, non-exclusive

before. Ongoing development of latest-generation

platform are fundamental to advancing the industrialisation

technologies and existing collaborations will remain

of autonomous driving. Combining the key expertise of our

unaffected by the projected cooperation and go ahead as

two companies will boost our innovative strength and speed

planned. The Daimler AG and BMW Group will also explore

up the spread of this technology," said Klaus FrĂśhlich,

additional partnerships with other technology companies and

Member of the Board of Management of BMW AG,

automotive manufacturers that could contribute to the

Development.

success of the platform.

The planned cooperation offers the Daimler AG and BMW

Autonomous driving at Daimler AG

Group a number of obvious advantages: the skills and

Daimler AG has been working on series development projects

experience of the individual partners and a scalable

not only for specific Level 3 vehicles but also for Levels 4 and

architecture will speed up and streamline the development of

5. Long a leader in active safety systems, it programmed its

future technology generations. Besides the synergies, new

systems largely in-house right from the very beginning. 2019

technologies will be faster to market, with shorter innovation

will see the launch in San JosĂŠ, Silicon Valley, of its first pilot

cycles. For both companies, the safety of vehicle occupants

programme, with Bosch, on self-driving vehicles (Levels 4/5) in

and other road users is of the utmost importance and a key

urban environments. This will be the next milestone within

reason for making the reliability of systems a key criterion for

the existing cooperation between both partners and the

the collaboration. The two partners continue to pursue their

cooperation will continue as planned. Early next decade,

goal of being the pace-setter in development.

Daimler will bring to the market not only highly automated (Level 3) vehicles but also fully automated (Level 4/5) vehicles.

Joint development work will be carried out via a scalable

It is the only to the OEM in the world to be so well-positioned

architecture covering several stages of automation, with

to apply autonomous driving in every relevant

PAGEÂ 097


THE HIKE MAGAZINE

"Combining the key expertise of our two companies will boost our innovative strength and speed up the spread of this technology." Autonomous driving at the BMW Group The BMW Group has been working on highly automated driving since 2006, and has established a non-exclusive platform with technology specialists, suppliers and OEMs to take it to series maturity. Since 2017, work in this area has been consolidated at the Autonomous Driving Campus in Unterschleissheim, just north of Munich, and the industrialisation and scalability of the technology is being advanced with the support of partners. Brand new agile software development is used at the Campus to speed up development of the platform and set new industry standards. Around the world, more than 70 test vehicles are trialling state-ofthe-art technology. They collect data in order to improve machine learning with artificial intelligence through simulations and test new Level 2 - 5 functions out on the road. The generation of technologies that is currently under development will go into series production as Level 3 automation in 2021 in the BMW iNEXT where it will also be Level 4 enabled for pilot projects.

PAGEÂ 098


THE HIKE MAGAZINE

PEPSICO DELIVERS 85 MILLION SERVINGS OF FRESH FOOD TO THE IN NEED

PepsiCo, one of the world's leading food and beverage companies, and The Global FoodBanking Network (GFN), a non-profit organization that develops and supports food banks in more than 30 countries, delivered more than 85 million servings of fresh food to communities in need in 2018 as part of their partnership to strengthen food banks around the world. PepsiCo invested $500,000 with GFN to support training and development for food bank staff and purchases of essential equipment like trucks and refrigerated storage space – investments that help food banks enhance their operations and deliver fresh fruits, vegetables, whole foods and dairy to those suffering from hunger and malnutrition. This investment supports food banks in addressing logistical and financial challenges that often prevent food from reaching those in need and provided fresh servings to nearly 175,000 people in 2018 alone.   For the third consecutive year, there was a rise in the population suffering from hunger in 2018. According to the U.N., 1 in every 9 people experiences chronic hunger, which can have harmful impacts on children's physical and cognitive development, women's reproductive health and communities' safety and economic vitality. Food banks play an essential role in helping food reach the communities and populations who need it most. PepsiCo's partnership with GFN helped relieve hunger and strengthen food banks in Colombia, the Dominican Republic, South Africa, Israel, Bulgaria, Australia, Argentina, Guatemala and Peru. GFN and PepsiCo identified these countries based on local nutrition need and the capacity of existing in-country programs to significantly expand their distribution of fresh food with additional financial support. "Global hunger is both a problem of food production and logistics," said Laxman Narasimhan, CEO of PepsiCo Latin America, Europe Sub-Saharan Africa. "We're proud to support grassroots, community-led interventions like food banks, whose food distribution efforts are critical in the fight against hunger. As violent conflicts, economic downturns and natural disasters put more families at risk, we must continue to invest in proven solutions, like food banks, so they have the resources and support they need." "While hunger is a solvable problem, one in four people in the world are malnourished. At the same time, one-third of all food produced for consumption is wasted. Food banks capture food poised to be wasted and redistribute it to those in need. Thanks to the generosity of PepsiCo, we have an incredible opportunity to broaden the impact food banks have on communities around the world," said Lisa Moon, GFN President and Chief Executive Officer.

PAGE 099


CATALONIA A KEY INNOVATION HUB IN EUROPE Innovation is the key to gaining and maintaining

With leading scientific facilities, such as the ALBA

leadership in world markets. New ideas and new ways of

Synchrotron, Mare Nostrum Supercomputer, Biomedical

doing things are the main ingredients for permanent

Research Park, Scientific Park of Barcelona or ICIQ,

business success. Barcelona is one of Europe’s most

Catalonia has a well-established innovation scene that will

dynamic entrepreneurial ecosystems, especially in the field

help you achieve your innovation goals.

of new technologies thanks to multiple factors that have given the city over 1,200 startups with ambition and global

Innovation and R&D

vision.

Catalonia received the most R&D investment and showed the highest number of R&D jobs in all Continental Europe

A competitive environment

(fDi Markets), making the region a key innovation hub not

Catalonia enjoys a dynamic, industrial, diverse and

only in Spain but in Europe as a whole. Innovation and R&D

extremely business friendly economy making it a great

activities benefit from efficient tax deduction schemes, as

location for innovation, entrepreneurship and R&D

well as from lower corporate tax rates than those in

activities. Its capital, Barcelona, a magnet for

neighbouring countries.

professionals, researchers and students all over the world,

Some cases of cutting edge multinationals performing R&D

holds the title of 1st European Capital of Innovation,

in Catalonia include HP, Amazon, Facebook, Nestlé, Bayer,

according to iCapital Prize.

Nissan, Roche or BASF.

PAGE 100


The main sectors in Catalonia regarding R&D investment are

Startup ecosystem

Software & IT Services, Business Services, Business Machines

Catalonia is home to more than 1,200 startups that share a

& Equipment and Communication. ICT is indeed a very

passion for innovation and thrive in sectors like Internet &

powerful sector in Catalonia, with more than 15,000

Mobile Software and Services, eCommerce and Big Data.

companies that account for almost 16,000 million euros of

A global landmark, Barcelona is the third city preferred by

annual revenue. Together with a consolidated industrial

entrepreneurs to create a new startup, only behind London

economy, Catalonia stands out as a significant location for

and Berlin. Check the Barcelona and Catalonia Startup Hub to

developing projects in the Industry 4.0 sector, a revolution in

browse through all the startups based here.

the digitalization of manufacturing processes.

Also, Barcelona is the 5th European region in terms of

Moreover, Catalonia Trade & Investment works intensely on

startups, according to several renowned international

strengthening three strategic sectors for Catalonia: circular

rankings such as EU-Startups and Startup Heatmap Europe.

economy, smart cities and 3D Printing.

The city has become a clear benchmark in Europe in the creation of new companies, especially those with a

Talent attraction

technological base. Top incubators and accelerators help

The availability of top-notch talent, with a wide range of

boost the startup ecosystem in Catalonia.

profiles, will adapt to any of your company’s innovation needs. Barcelona has strengthened its position as one of the

International innovation programmes

world’s leading cities in international talent attraction, with

Catalonia Trade & Investment is committed to identifying the

the number of professionals employed in R&D activities

suppliers and technological partners that best fit your specific

increasing around 4%. The amount of researchers in Catalonia

needs. Companies can access a grant programme for

is also growing by 4%.

international R&D projects (Nuclis of Technological Innovation) that aims to boost collaboration between Catalan

Catalonia, with more than 1,050 degrees and masters, and

and foreign firms. Also, we deliver advice and training on how

more that 236,000 university students, has one of the highest

to present your project to the Horizon 2020 calls (the largest

student populations in Europe. Scientific publication is

EU budget for research and innovation activities) together

outstanding, and patents and technology transfer

with a Catalan technological partner.

collaborations are growing at a healthy pace. With 0.1% of the planet’s population, Catalonia accounts for

Innovate in Catalonia is straightforward but it gets even easier

1% of worldwide and 3.7% of EU-28 scientific production.

if you receive first-hand details on the local agents and how to

Also, Catalan requests for European patents showed a

get them to work for you and your investment.

relevant increase of 15.7% in 2017.

Tap into Catalan innovation with us. www.catalonia.com

PAGE 101


WORLD BIZ MAGAZINE Q1 2019 FEATURES

GLOBAL

CEO YEAR AWARDS AWARDS

CEO YEAR LIST

The Best CEOs of 2018 Winners Presentations 

Top 50 CEOs of 2018 Leadership Excellence

The CEO Year Awards celebrates business leaders that are making a major impact in their fields of commerce.

These CEOs are leading the way in their industries. We list them as they have been ranked by their peers.


The Best CEOs Of 2018 Selected By The Readers Of World Biz Magazine WWW.CEOYEAR.NET /  WWW.CEOYEAR.COM


CEO YEAR AWARDS

PAGE 3

GLOBAL RANKINGS

TOP 50 THE HIGHEST RANKED GLOBAL CEOS OF 2018 {50} RYAN M. LANCE - CONOCOPHILLIPS (USA) {49} IAN COOK - COLGATE PALMOLIVE (USA) {48} FEDERICO TRUCCO - BIOCERES (ARGENTINA) {47} SÉBASTIEN BAZIN - ACCOR HOTELS (FRANCE) {46} FLORENTINO PÉREZ RODRÍGUEZ - ACS GROUP (SPAIN) {45} GLENN J. CHAMANDY - GILDAN (CANADA) {44} JEFF GENNETTE - MACY'S (USA) {43} PABLO ISLA - INDITEX (SPAIN) {42} IVAN GLASENBERG - GLENCORE (AUSTRALIA) {41} LARRY FINK - BLACKROCK (USA) {40} FABRIZIO FREDA - ESTÉE LAUDER (FRANCE) {39} OLIVIA LUM - HYFLUX (SINGAPORE) {38} CHUCK RUNYON - SELF ESTEEM BRANDS (USA) {37} SULTAN AHMED BIN SULAYEM - DP WORLD (UAE) {36} THOMAS BIRTEL - STRABAG GROUP (AUSTRIA) {35} SIOBHÁN TALBOT - GLANBIA PLC (IRELAND) {34} CALVIN MCDONALD - LULULEMON (CANADA) {33} SRIDHAR VEMBU - ZOHO CORPORATION (INDIA) {32} GONZALO GORTÁZAR - CAIXABANK (SPAIN) {31} KEVIN LOBO - STRYKER CORPORATION (USA) {30} JAN G. J. VAN DE WINKEL - GENMAB (DENMARK) {29} WALTER SCHALKA - SUZANO PULP AND PAPER (BRAZIL) {28} HUSSAIN SAJWANI - DAMAC PROPERTIES (UAE) {27} CARLOS GOMES DA SILVA - GALP ENERGIA(PORTUGAL) {26} MARGARET KEANE - SYNCHRONY FINANCIAL (USA)


CEO YEAR AWARDS

PAGE 4

GLOBAL RANKINGS

TOP 50 THE HIGHEST RANKED GLOBAL CEOS OF 2018 {25} KATHRYN V. MARINELLO - HERTZ GLOBAL (USA) {24} LEI JUN - XIAOMI (CHINA) {23} PRIJONO SUGIARTO - ASTRA INTERNATIONAL (INDONESIA) {22} FREDERICK W. SMITH - FEDEX (USA) {21} STEFANO BERTAMINI - AL RAJHI BANK (SAUDI ARABIA) {20} DANIEL EK - SPOTIFY (SWEDEN) {19} ROGER W. FERGUSON - TIAA (USA) {18} KENNETH C. FRAZIER - MERCK (USA) {17} SATYA NADELLA - MICROSOFT (USA) {16} MIKE WELLS - PRUDENTIAL (UNITED KINGDOM) {15} SAFRA A. CATZ - ORACLE (USA) {14} GINNI ROMETTY - IBM (USA) {13} IGOR SHEKHTERMAN - Х5 RETAIL GROUP (RUSSIA) {12} PHEBE N. NOVAKOVIC - GENERAL DYNAMICS (USA) {11} JORGE MARIO VELÁSQUEZ - GRUPO ARGOS (COLOMBIA) {10} ERIC S. YUAN - ZOOM VIDEO COMMUNICATIONS (USA) {9} ROVNAG IBRAHIM ABDULLAYEV - SOCAR (AZERBAIJAN) {8} WILLIE WALSH - INTERNATIONAL AIRLINES GROUP (SPAIN) {7} RAJEEV SURI - NOKIA (FINLAND) {6} ABDALLAH MASSAAD - RAK CERAMICS (UAE)  {5} FERNANDO A. GONZÁLEZ - CEMEX (MEXICO) {4} JIM OVIA - ZENITH BANK PLC (NIGERIA)  {3} FRANCISCO D’SOUZA - COGNIZANT (USA)  {2} TIMOTHY “TIM” J. MURRAY - ALBA (BAHRAIN) {1} MARTIN BRUDERMÜLLER - BASF (GERMANY)


CEO YEAR AWARDS

PAGE 5

ASIA

SRIDHAR VEMBU CEO OF ZOHO CORP CEO OF THE YEAR ASIA REGION wireless communications. He obtained his Bachelor's degree in Electrical Engineering from Indian Institute of Technology, Madras, and PhD in Electrical Engineering from Princeton University. Zoho: Software is our craft and our passion. At Zoho, we create beautiful software to solve business problems. We believe that software is the ultimate product of the mind and the hands. But as much as we love building beautiful software, we think our people and company culture are our most Sridhar Vembu is the CEO of Zoho Corp. (formerly

important assets. Our engineers spend years mastering

AdventNet Inc.), the company behind the Zoho suite of

their craft, bringing together decades of engineering

online applications. He co-founded AdventNet in 1996,

expertise to produce a real work of art.

and has been CEO since 2000. AdventNet has transformed itself from a modest beginning as a

When you choose Zoho, you get more than just a single

software company serving network equipment

product or a tightly integrated suite. You get our

vendors to a be an innovative online applications

commitment to continuous refinement and to

provider. It has maintained growth and profitability,

improving your experience. And you get our relentless

without needing outside capital.

devotion to your satisfaction.

Prior to AdventNet, Sridhar worked as a wireless systems engineer at Qualcomm, Inc. where he was fortunate to work with some of the leading minds in


CEO YEAR AWARDS

PAGE 6

AFRICA

ADIM JIBUNOH CEO OF TRANSCORP CEO OF THE YEAR AFRICA REGION

Transnational Corporation of Nigeria Plc (Transcorp) is a leading diversified conglomerate. We focus on acquiring and managing strategic businesses that create long term shareholder returns and socio-economic impact. Our business interests are in four strategic sectors: Power, Energy, Hospitality and Agriculture.  Incorporated on November 16, 2004 and quoted on the Nigerian Stock Exchange, Transcorp has a shareholder base of about 300,000 investors, the largest of which is Heirs Holdings Limited, a pan-African proprietary Adim Jibunoh is the President/CEO of Transnational

investment company.

Corporation of Nigeria Plc (Transcorp). Prior to this position, he was the Business Development Director at

Our notable businesses include the award-winning

Heirs Holdings Limited overseeing the non-banking

Transcorp Hilton Hotel, Abuja; Transcorp Hotels, Calabar;

financial services investments in the group. He is a First

Teragro Commodities Limited, operator of Teragro

Class graduate in Economics from the University of

Benfruit Plant – Nigeria’s first-of-its-kind juice concentrate

Port Harcourt.

plant; Transcorp Power Limited which acquired Ughelli

His career in the banking industry spans over two

Power Plc, owner of the 972MW Ughelli Power Plant and

decades. His prior positions have included: Investment

Transcorp Energy Limited, operator of OPL 281.

Executive at the Nigerian Industrial Development Bank; Executive Director at Standard Trust Bank Plc; and the CEO of Continental Trust Bank. He is also a director of Avon HMO and United Capital Plc.

Our Purpose: “Improving Lives, Transforming Nigeria.”


CEO YEAR AWARDS

PAGE 7

EUROPE

DANIEL EK CEO OF SPOTIFY CEO OF THE YEAR EUROPE REGION

he is also responsible for nurturing a passionate working environment for everyone at Spotify Limited. Prior to Spotify Limited, he founded Advertigo, the online advertising company acquired by TradeDoubler, having previously held senior roles at Nordic auction company Tradera (acquired by Ebay). He also served as Chief Technology Officer at Stardoll, the fashion & entertainment community for tweens. With Spotify, it’s easy to find the right music for every moment – on your phone, your computer, your tablet Daniel Ek founded Spotify Limited in 2006 and serves

and more. There are millions of tracks on Spotify. So

as its Chief Executive Officer. Mr. Ek is Co-founder,

whether you’re working out, partying or relaxing, the

Chief Executive Officer and Chairman of Spotify

right music is always at your fingertips.

Technology S.A. Mr. Ek is responsible for guiding the

Choose what you want to listen to, or let Spotify surprise

vision and strategy of Spotify Technology S.A. and

you.

leading the management team. He has been a Director of Spotify Technology S.A. since July 21, 2008.

You can also browse through the music collections of friends, artists and celebrities, or create a radio station

Mr. Ek is a serial entrepreneur and technologist who

and just sit back. Soundtrack your life with Spotify.

started his first company in 1997 at the age of 14, co-

Subscribe or listen for free.

founded Spotify in 2006 together with Martin Lorentzon. His role is to guide the vision and strategy of Spotify as it grows. Leading the management team,


PAGE 8

CEO YEAR AWARDS

MIDDLE EAST


CEO YEAR AWARDS

PAGE 9

MIDDLE EAST

SULTAN BIN SULAYEM CEO OF DP WORLD CEO OF THE YEAR  MIDDLE EAST

Sultan Ahmed Bin Sulayem, Group Chairman and

Highlights of his three-decade business career include:

Chief Executive Officer of DP World and Chairman of

• Leading marine terminal operator DP World’s expansion

Ports, Customs & Free Zone Corporation, is one of

internationally, including the purchase of the P&O group

Dubai's leading businessmen.

for US$6.8 billion in March 2006, which propelled it to one of the largest global port operators and trade

Mr. Bin Sulayem’s expertise and visionary leadership

enablers in the world with 78 marine and inland

spearheaded the rapid expansion of Dubai’s

terminals in six continents

infrastructure, including ports and free zones,

• Overseeing the rapid development of the Jebel Ali Free

contributing significantly to the stellar growth

Zone (Jafza) into an unrivalled business park of more

trajectory of the United Arab Emirates. He was also a

than 7300 companies

leader in developing the infrastructure supporting

• Establishing and leading Nakheel, a real estate and

Dubai’s successful tourism industry, among various

tourism property development firm that has created

other sectors. Mr. Bin Sulayem is a BS graduate in

many iconic Dubai projects including The Palm, the

Economics from Temple University Philadelphia, USA.

world’s largest man-made islands

He is a Board Member of the Dubai Executive Council,

• Establishing and leading Istithmar World, a major

the UAE Federal Tax Authority. He is also Chairman of

investment house focusing on private equity with a

Virgin Hyperloop One.

portfolio of investments in diverse sectors across North America, Europe, Asia and the Middle East including

In 2017, DP World handled 70 million TEU (twenty-foot

retail, financial services, industry, tourism and hospitality,

equivalent units) across our portfolio. With its

and healthcare

committed pipeline of developments and expansions,

•Pioneering the Dubai Multi Commodities Centre (DMCC),

the current gross capacity of 88 million TEU is

a market for gold and precious metals, diamonds and

expected to rise to more than 100 million TEU by 2020,

coloured stones, energy and other commodities

in line with market demand.


CEO YEAR AWARDS

PAGE 10

LATIN AMERICA

WALTER SCHALKA CEO OF SUZANO CEO OF THE YEAR LATIN AMERICA REGION

operations in Brazil and in 14 other countries. He was named by RISI, the world’s leading information provider to the global forest products industry, Latin American CEO of the Year for the pulp and paper industry in 2015, 2016 and 2017. Suzano Pulp and Paper: We are a forestry based publicly held company, controlled by Suzano Holding and belonging to Group Suzano. Recognized for innovation and a pioneering spirit for over 90 years, Suzano is a 100% Brazilian company that is a global reference in the development of products made from planted eucalyptus Walter Schalka holds a B.Sc. in Engineering from the

forests and one of the largest vertically integrated

Technological Institute of Aeronautics (ITA) and

producers of eucalyptus pulp and paper in Latin

graduate degrees from the Getúlio Vargas Foundation

America. Its product portfolio includes coated and

(FGV), IMD and Harvard Business School. Currently he is

uncoated printing and writing paper, paperboard, tissue

the Chief Executive Officer of the Company.

paper, market pulp and fluff Pulp.

He began his career at Citibank and later joined the

We also have the largest paper and graphic product

financial holding company of the Klabin-Maepar

distribution in South America. The Company's foreign

Group. In 1989, he joined Dixie-Toga, where he became

structure consists in representative offices in China and

CEO in 1991, participating in the company’s expansion,

the United Kingdom, as well as subsidiaries in the United

merger and transfer of control. In May 2005, he joined

States, Switzerland, Argentina and Austria. Suzano is one

the Votorantim Group as the CEO of Votorantim

of the largest companies with a structure for distributing

Cimentos, where he was responsible for the

paper and printing products in South America.


CEO YEAR AWARDS

PAGE 11

NORTH AMERICA

SATYA NADELLA CEO OF MICROSOFT CEO OF THE YEAR NORTH AMERICA REGION

services business, which outperformed the market and took share from competition. Previously, Nadella led R&D for the Online Services Division and was vice president of the Microsoft Business Division. Before joining Microsoft, Nadella was a member of the technology staff at Sun Microsystems. Originally from Hyderabad, India, Nadella lives in Bellevue, Washington. He earned a bachelor’s degree in electrical engineering from Mangalore University, a master’s degree in computer science from the University of Wisconsin – Milwaukee and a master’s degree in Satya Nadella is Chief Executive Officer of Microsoft.

business administration from the University of Chicago.

Before being named CEO in February 2014, Nadella

Nadella serves on the board of trustees to Fred

held leadership roles in both enterprise and consumer

Hutchinson Cancer Research Center as well as the

businesses across the company.

Starbucks Board of Directors. He is married and has three children.

Joining Microsoft in 1992, he quickly became known as a leader who could span a breadth of technologies and

Microsoft enables digital transformation for the era of an

businesses to transform some of Microsoft’s biggest

intelligent cloud and an intelligent edge. Its mission is to

product offerings.

empower every person and every organization on the planet to achieve more.

Most recently, Nadella was executive vice president of Microsoft’s Cloud and Enterprise group. In this role he led the transformation to the cloud infrastructure and


PAGE 12

CEO YEAR AWARDS

LIFETIME ACHIEVEMENT AWARD


CEO YEAR AWARDS

PAGE 13

LIFETIME ACHIEVEMENT AWARD

EDWARD D. BREEN CEO OF DOWDUPONT CEO OF THE YEAR LIFETIME ACHIEVEMENT AWARD

Edward D. Breen is the chief executive officer of

Mr. Breen is credited with instituting cost management

DowDuPont and will become the executive chairman

programs that made Motorola a more efficient and

of the new DuPont upon separation, which is expected

effective organization and led the company back to

to occur by June 1, 2019.

profitability. From December 1997 to January 2000, he

Prior to his role at DowDuPont, Mr. Breen was the chair

served as chairman, president and chief executive officer

of the board and CEO of DuPont, a role he assumed on

of General Instrument Corporation where he created

November 9, 2015. He joined the DuPont board of

significant long-term shareholder value by driving a

directors in February 2015, was named interim chair of

revenue growth strategy. Between 1994 and 1997, Mr.

the board and CEO on October 16, 2015, and assumed

Breen was president of the Broadband Networks Group

those roles permanently on November 9, 2015.

for General Instrument, president of Eastern Operations

Mr. Breen served as chairman and CEO of Tyco

for the Communications Division, and served as executive

International plc (“Tyco”) from July 2002 until

vice president of Terrestrial Systems.

September 2012. Over the course of his tenure, he

Mr. Breen currently serves as a director of Comcast

transformed Tyco into a strong market leader, reviving

Corporation. He also serves as a member of the advisory

the company from near bankruptcy and rebuilding the

board of New Mountain Capital LLC, a private equity firm.

company's brand and credibility. He oversaw a

Mr. Breen has been awarded numerous governance

successful restructuring, including divesting non-core

awards including being named one of the "100 Most

operations resulting in the spin-offs of Covidien, TE

Influential People in Business Ethics" by Ethisphere.

Connectivity, ADT Corporation, and the merger of Tyco Flow Control with Pentair. He also established and met

DowDuPont brings together the complementary

goals within areas of operational excellence and

portfolios of Dow and DuPont, two innovative,

corporate governance. Prior to joining Tyco, Mr. Breen

science-based companies that hold leadership positions

held several senior management positions at Motorola

in the Agriculture, Materials Science and Specialty

from 2000 to 2002, including as president and chief

Products industries.

operating officer.


CEO YEAR AWARDS

PAGE 14

DUBAI

DUBAI -  WHERE INVESTORS & ENTREPRENEURS SHAPE THE FUTURE Dubai has transformed its business environment

wealth generator and investment stronghold continues

to become the preferred location for global

to drive the city's growth. Though Dubai moved away

investors and entrepreneurs shaping the future.

from traditional trading and looked to its natural resources for sustenance in the latter half of the 20th

Dubai’s economic ecosystem empowers businesses

century, revenue from oil was soon complemented and

large and small to maximize profitable growth, forge

later almost replaced with a knowledge-based and

lasting partnerships, and lead global markets with

services driven economy.

impactful innovation. Dubai Government’s concerted efforts – including multiple aspects of future-ready

Free Zones

governance, development of human capital, increasing

Dubai has more than 20 free zones catering to specific

connectedness, and fostering innovation – have

service and industry markets to ensure that both

positioned Dubai as the pre-eminent global location for

start-up companies and established corporations

fast-growth businesses that transcend geographical

maximize their competitiveness in the Middle East.

barriers. Today, Dubai is the preferred global Foreign Direct Investment destination for more than 70 percent

Financing

of Fortune 500 companies and new economy

According to the City of London's Global Financial

entrepreneurs alike.

Centre's Index, Dubai has the most developed financial services industry in the region. Being well capitalized,

Competitive Advantage and Economy Overview

UAE banks are more active in lending to private

Dubai is well established as the Middle East's prime

businesses than their regional counterparts and offer

destination for the regional headquarters of

greater variety and sophistication of financing products

multinational corporations. Its global reputation as a

and services.


PAGE 15

CEO YEAR AWARDS

DUBAI

Intellectual Property Rights

A well-earned reputation for political, social and

The UAE is a regional leader in the protection of

economic stability makes Dubai one of the worldâ&#x20AC;&#x2122;s

Intellectual Property Rights, with ever evolving

most attractive places in which to do business. Prudent

enforcement copyright, trademark and patent laws.

policies have ensured domestic resilience despite regional economic turbulence and global setbacks. A

Administration

stable macro-economic environment, diversification

In accordance with its World Trade Organization

and sustainability policies, growth strategies and

membership, the UAE has made huge strides in

infrastructure initiatives fuel outstanding economic

reducing bureaucracy surrounding the foreign

performance.

investment approval process. Online applications, tracking and enquiries mean that starting a business in

Dubai's thriving economy welcomes with open arms

Dubai is easier than ever.

and supports with hands-on help all international business, from sole proprietors to multi-national

Make Dubai Advantage your business advantage

corporations. And the time has never been better to

Explore opportunities for growth, partnership, and

invest in a market with so many sectors and so many

innovation in Dubai, the city of the future, the gateway

opportunities, particularly for those companies which

to growth markets and the global business hub.

can capitalize on the burgeoning but unsaturated

Dubaiâ&#x20AC;&#x2122;s diversified, investor-centric and

industries such as manufacturing, technology, logistics

innovation-driven economy has been constructed in

and the environment. Innovation and inspiration are

consonance with the Dubai Plan 2021, which aims to

key to Dubai's past successes and future growth and an

make the city a dynamic engine of local, regional and

increasing culture of pioneering research and

global economic growth, trade and innovation.Â

ground-breaking development.


CEO YEAR AWARDS

PAGE 16

EMERGING CEO

STAJ OLSON CEO OF IGNEOUS BATH EMERGING  CEO OF THE YEAR 

"Concrete is amazing. It holds onto its true nature and will not allow its character to be erased, only enhanced. Stubbornly I erase every mark or flaw that looks man made to me. This wonderful fight brings out the best qualities of the concrete." Igneous is the pursuit of leading creative design in heated luxury concrete freestanding soaking tubs. Our fiery passion and rock solid techniques create the highest quality pieces for a luxurious relaxation experience. We hand sculpt functional art pieces in a world of monotony. Igneous Bath founder and craftsman, perfects the use of concrete with his proprietary material blend and process. Igneous Bath’s vessels are wrapped with the blanketing warmth of internal heated cables. The sculpted concrete is devotedly shaped and polished by hand, ultimately composing a transcendent bathing experience. This level of detail is achieved whether you order a stock design (Airah and Banskah) or a custom creation limited only by your imagination.  Picture an elegantly sculpted concrete form radiating warmth, maintaining heat, completing your perfect space, while you transcend . . . that is Igneous Bath.

Hand formed custom molds produce the highest quality tubs which are then individually sculpted to become a unique functional art piece. Using flowing lines like Van Gogh in an art deco craftsmanship fashion, our artists create the perfect design and function for truly luxurious spaces. The luxury of Igneous tubs is founded on superior durability, allowing for a legacy within homes throughout generations, not in a landfill. Concrete is an eco-friendly alternative to petroleum-based synthetic products and nonrenewable natural materials such as quarried stone or old growth forests. Using less cement than equivalent concrete products, significant quantities of recycled materials (pozzolans) and made right the first time, Igneous is sustainable.


CEO YEAR AWARDS

PAGE 17

ACCESS CONTROL INDUSTRY

NICO DELVAUX CEO OF ASSA ABLOY CEO OF THE YEAR ACCESS CONTROL INDUSTRY   

integration management and general manager in markets including Benelux, Italy, China, Canada, and the United States 1991-2011. ASSA ABLOY is the global leader in door opening solutions and a market leader in most of Europe, North America, South America, China and Oceania. ASSA ABLOY was formed in 1994 through the merger of ASSA in Sweden and Abloy in Finland. Since then ASSA ABLOY has grown from a regional company to an international group with 47,500 employees and annual President and CEO and Head of Global Technologies

sales of SEK 76 billion.

division President and CEO and Head of Global Technologies division since March 15, 2018.

ASSA ABLOY has a complete range of door opening

Born 1966.

products, solutions and services for the institutional, commercial and consumer markets.

Master of Science in Electromechanics and a MBA.

Using the latest technologies and tried-and-tested

Previous positions: President and CEO of Metso

techniques, we are constantly developing innovative

Corporation August 2017-February 2018.

solutions that improve our customers' lives through

Previously various positions in the Atlas Copco Group,

greater security, safety and convenience.

including Business Area President Compressor Technique 2014-2017, Business Area President Construction Technique 2011-2014, and various positions in sales, marketing, service, acquisition-


CEO YEAR AWARDS

PAGE 18

AEROSPACE INDUSTRY

HANS BÜTHKER CEO OF GKN AEROSPACE  CEO OF THE YEAR AEROSPACE INDUSTRY

GKN Aerospace is the world’s leading multi-technology tier 1 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 Prior to joining GKN, he was CEO and Chairman of

decades, GKN Aerospace technologies have inspired

Fokker Technologies Management Board having been

and industrialized the aerospace industry, combining

promoted from COO, responsible for the daily

engineering excellence and technology leadership.

operation of the company and performance of Fokker Technologies. Before joining Fokker Technologies in

Today we are truly global, with 17,000 employees in

2006 as president of the Fokker Aerostructures

around 50 manufacturing locations in 14 countries

Business Unit, he was Chief Procurement Officer (CPO)

around the world. All major aircraft and engine

of Stork NV, responsible for the total Stork spend of

manufacturers rely on our advanced technologies. Our

approx. 1.2 billion euro, having held various executive

aerostructures, engine systems and special products

management positions. Previous assignments include

improve the performance of more than 100,000 flights

Managing Director Stork Industrial Modules and Stork

every day.

Precisie. He holds a degree in Mechanical Engineering and MBA at INSEAD, Fontainebleau.


CEO YEAR AWARDS

PAGE 19

AGRICULTURE INDUSTRY

SIOBHÁN TALBOT CEO OF GLANBIA CEO OF THE YEAR AGRICULTURE INDUSTRY Sydney. A fellow of Chartered Accountants Ireland, Siobhán graduated from University College Dublin with a Bachelor of Commerce and Diploma in 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. Today’s consumers are increasingly aware of the importance of nutrition in improving their overall health and wellbeing. They are searching for better, healthier and smarter nutritional solutions that fit their lifestyles. Siobhán Talbot was appointed Group Managing

Glanbia takes pure and clean ingredients including milk,

Director on 12 November 2013, having been appointed

whey and grains, and using our expert knowledge and

Group Managing Director Designate on 1 June 2013. She

capabilities we produce high-quality nutritional

was previously Group Finance Director and her role

ingredients and branded consumer products for our

encompassed responsibility for Group strategic

customers and consumers worldwide.

planning. She has been a member of the Group

We employ over 6,600 people across 32 countries and our

Operating Executive since 2000 and the Board since

products are sold or distributed in over 130 countries with

2009 and has held a number of senior positions since

revenue of €2.4 billion in 2017. Our major production

she joined the Group in 1992.

facilities are located in Ireland, the US, the UK, Germany and China. We have three segments; Glanbia Performance

She is also a Director of the Irish Business Employers

Nutrition, Glanbia Nutritionals and Joint Ventures &

Confederation (IBEC). Prior to joining Glanbia, she

Associates. Our shares are listed on the Irish and London

worked with Pricewaterhouse- Coopers in Dublin and

Stock Exchanges (symbol: GLB).


CEO YEAR AWARDS

PAGE 20

AGRICULTURE INDUSTRY

FEDERICO TRUCCO CEO OF BIOCERES SME CEO OF THE YEAR AGRICULTURE INDUSTRY Bioceres S.A: We are a fully-integrated provider of crop productivity solutions, including seeds, seed traits, seed treatments, biologicals, high-value adjuvants and fertilizers. Unlike most industry participants that specialize in a single technology, chemistry, product, condition or stage of plant development, we have developed a multi-discipline and multi-product platform capable of providing solutions throughout the entire crop cycle, from pre-planting to transportation and storage. Our platform is designed to cost-effectively bring high-value technologies to market through an open-architecture approach.

Federico is the chief executive officer of Bioceres, a

Our headquarters and primary operations are based in

position held since 2011. Federico was general manager

Argentina, which is our key end-market as well as one of

of INDEAR from 2009 to 2011, was director of product

the largest markets globally for GM crops. We leverage our

development of INDEAR from 2008 to 2009, and

relationship with our shareholders, many of whom are

originally joined INDEAR as the team leader of the

industry leaders and key participants in our end-markets,

Amaranth project, a position he held from 2005 to

to increase adoption of our products and technologies.

2009. Over the past 40 years, we have established a leadership Federico has a Ph.D. in crop sciences and a CBA from

position in sourcing, development, production and sales of

the University of Illinois, a master’s degree in plant

biological products for some of the most globally prolific

pathology and weed science from Colorado State

crops, including soy, corn, wheat and alfalfa.

University and a degree in biochemistry from Louisiana State University.


CEO YEAR AWARDS

PAGE 21

ASSET MANAGEMENT INDUSTRY

LARRY FINK CEO OF BLACKROCK  CEO OF THE YEAR ASSET MANAGEMENT INDUSTRY

member of the Management Committee and a Managing Director of The First Boston Corporation. He serves as a member of the Board of Trustees of New York University (NYU) and is Co-Chairman of the NYU Langone Medical Center Board of Trustees. In addition, he serves on the boards of the Museum of Modern Art, the Council on Foreign Relations, and the Nature Conservancy. He also serves on the Advisory Board of the Tsinghua University School of Economics and Management in Beijing and on the Executive Committee of the Partnership for New York City. Laurence D. Fink is Founder, Chairman and Chief

Mr. Fink earned an MBA with a concentration in real

Executive Officer of BlackRock, Inc. He and seven

estate from the University of California at Los Angeles

partners founded BlackRock in 1988, and under his

(UCLA) in 1976 and a BA in political science from UCLA

leadership, the firm has grown into a global leader in

in 1974.

investment and technology solutions to help investors build better financial futures.

BlackRock is the world’s largest asset manager guiding individuals, financial professionals and institutions in

Today, BlackRock is trusted to manage more money

building better financial futures. BlackRock is trusted to

than any other investment firm in the world. Mr. Fink

manage more money than any other investment

has been named one of the "World's Greatest Leaders"

manager in the world, helping millions of people and

by Fortune, and Barron’s has named him one of the

the world’s biggest institutions and governments reach

"World's Best CEOs" for 12 consecutive years.

their investing goals.

Prior to founding BlackRock in 1988, Mr. Fink was a


CEO YEAR AWARDS

PAGE 22

GRENADA

GRENADA INVESTMENT -  BECOME A CITIZEN OF PARADISE The mix of pure, authentic Caribbean of

Family friendly: By not charging exorbitant processing

yesteryear and the friendly, modern lifestyle of

and due diligence fees for spouses and family

today makes Grenada the perfect place to live.

members,

Grenada is one of the most beautifully lush islands in the

Visa-free travel: Grenada passport holders are allowed

West Indies. Naturally exotic, Grenada’s breath-taking

visa-free travel to more than 135 countries.

scenery includes mountains, waterfalls, and golden

Opportunity for E2 Visa treaty with the U.S.

beaches surrounded by tropical rain forests which is appealing even to the most discerning world traveller.

Zero tax: The island has no income, wealth, or inheritance taxes.

Grenada Citizenship by Investment (CBI) - New

There is no requirement to visit Grenada in order to

Citizenship with passports for you and your family.

qualify for citizenship.

Citizenship Benefits

Obtain citizenship by investing in the National

In 2013, the independent island nation of Grenada

Transformation Fund.

relaunched its Citizenship by Investment Programme.

The National Transformation Fund (NTF) was established in 2013 as a means of transforming

Efficiency: A law mandates that routine applications be

Grenada’s economy into one that is ever more

approved within 60 days of submission, with the

prosperous and independent.

passport issued immediately thereafter. (The application

The National Transformation Fund (NTF) is a

cannot be submitted until after the background checks

Government fund held for financing projects that will

have been performed.)

improve Grenada’s economy, help its diversification,


PAGE 23

CEO YEAR AWARDS

GRENADA

and benefit industries including tourism, agriculture,

Obtain citizenship by investing in an approved Real

and alternative energy solutions. Â

Estate project.

In order to qualify for the Citizenship by Investment

The real estate investment programme allows approved

Programme, the investor makes a designated,

applicants to invest in CBI supported real estate

non-refundable, per-person NTF charitable donation.

developments. Â

First, the applicants receive permanent residency,

To qualify, the investor (or investors) must enter into a

followed by citizenship. In most cases, the application

contract to buy property worth US$350,000 or more.

for permanent residence and citizenship is considered

Once the purchase contract has been signed and the

at the same time.

full investment amount has been transferred to an

The benefit of the NTF is the lack of hassles associated

escrow account, the investor may apply for citizenship.

with owning vacation real estate. However, as the NTF

Once citizenship has been accepted, the investor

program is a non-refundable contribution, the

receives the passport, citizenship certificate, and shares

Citizenship by Investment in real estate option may

certificate. The only stipulation is that the property may

provide a partial or healthy return on investment.

not be sold within four years, or citizenship can be

Total investment required: US$ 234,000*Grenada is an

revoked.

attractive option for international businessmen looking

Total investment required: US$434,000*

for security and travel options for their families. * Professional fees for citizenship processing are payable The granting of citizenship is at the sole discretion of the

for all applications and will vary depending on the

government. There is no guarantee that the applicant

number of dependents and application complexity.

will be approved.


CEO YEAR AWARDS

PAGE 24

AUTOMATION INDUSTRY

HIROSHI GESHIRO CEO OF DAIFUKU CEO OF THE YEAR AUTOMATION INDUSTRY

The demand for innovation based on the global markets is increasing as the globalization of the business environment moves forward. Based on its material handling technologies, Daifuku has pursued streamlined logistics in the 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 Mr. Hiroshi Geshiro has been serving as Executive

enhance their competitive advantage. Daifuku

President, President and Representative Director in

continuously innovates to revolutionize tomorrow.

DAIFUKU CO., LTD. since April 2018. He joined the Company in April 1983. His previous titles include

In May 2017, Daifuku marked its 80th anniversary. Over

Executive Officer, Managing Executive Officer, Chief

that long history, Daifuku has become a world-class

Director of Sales in FA & DA Business Unit, Manager of

leader in the material handling systems industry, with

FA & DA Business, Director of FA & DA Business and

more than 8,600 employees across the Group. In fiscal

Chief Director of Global in FA & DA Business Unit.

2016, ended March 31, 2017, the final year of the four-year medium-term business plan, Value Innovation 2017,

Daifuku Co., Ltd. provides consulting, engineering,

Daifuku achieved record-high operating income,

design, manufacture, installation, and after-sales

ordinary income, and net income, and at 7.2%, the

services for logistics systems and material handling

operating margin surpassed the initial target of 7.0%.

equipment in Japan and internationally.


CEO YEAR AWARDS

PAGE 25

AUTOMATION INDUSTRY

DAN KEENAN CEO OF CIMTEC         SME CEO OF THE YEAR             AUTOMATION INDUSTRY Since first establishing our business in 1987, CIMTEC has become one of the industry's largest, most progressive, responsive and trusted providers of automation solutions. Our work ranges from fully vetting and supplying automation products to designing and implementing complete, state-of-the-art automation systems. Headquartered in Charlotte, NC, CIMTEC has offices in strategic locations throughout North Carolina, South Carolina and Virginia. Our staff offers wide-ranging expertise from engineering to repair to sales. We never stop studying the latest Dan has more than thirty years of experience in

technology, including networking, open architecture,

executive management, sales, marketing, finance and

safety, and enterprise systems.

advisory services. He draws on experience across many industries including: light and heavy manufacturing,

In our three decades of service, CIMTEC has accumulated

distribution, financial and medical services. Prior to

an unparalleled track record of long-term relationships

acquiring CIMTEC, Dan was a partner in a corporate

with high-quality manufacturers. Our customers stay with

restructuring firm, where he advised companies to

us because they’ve experience firsthand our technological

create value for future growth.

prowess, our responsiveness, and our exceptional

He has also served as President of a multi-state heating

customized solutions. We're dedicated to helping our

and air conditioning wholesale distribution company,

customers succeed through technology, and to

where he increased revenue production by 115 percent

developing the best value, performance and innovation in

in four years. Dan earned a B.S. in Accounting from

our industry.

Plattsburg State University of New York.


CEO YEAR AWARDS

PAGE 26

AEROSPACE INDUSTRY

ANDRÉ HIEBELER CEO OF GROB AIRCRAFT SME CEO OF THE YEAR AEROSPACE INDUSTRY

hours on five continents. Its product range evolved from pioneering gliders of the 70s, the record-breaking high altitude aircraft of the 80s and 90s, and to today’s leading edge designed and state-of-the-art business jets, as well as to training and special mission aircraft. At its inception, GROB successfully produced 200 CIRRUS gliders under license and then soon after developed and manufactured its own ASTIR glider series in both a single seat and dual seat configuration. Already early showing its pioneering spirit, the company also introduced the TWIN III SL self-launching glider. André Hiebeler is the Chief Executive Officer of GROB

In the 80s, the GROB received German an American (FAA)

Aircraft SE. GROB, headquartered in

type certification for the G 109, the world’s first genuine

Tussenhausen-Mattsies Germany, with its research,

series production composite motor glider. Taking its

development, manufacturing and assembly facilities

expertise in composite technology to a new level in the

starts into a new future with the backing of H3

late 80´s, GROB showed its maturity as an aircraft

Aerospace as strategic partner. The new corporation

designer and manufacturer when the company

operates under the name GROB AIRCRAFT SE, and is a

developed, tested and manufactured the G 520Egrett /

100% subsidiary of H3 Aerospace GmbH & Co KG.

Strato 1 high-altitude aircraft, gaining five world records. The Strato 2C pushed the limits even further. It was

GROB AIRCRAFT is one of the world’s largest and most

designed for altitudes as high as 78,800 feet (24 000

experienced composite aircraft manufacturers since

meters) and an endurance of 48 hours.

1971. Within its 47 years of history Grob delivered more than 3,500 aircraft that have flown over seven million


CEO YEAR AWARDS

PAGE 27

AUTOMOTIVE INDUSTRY

JACQUES ASCHENBROICH CEO OF VALEO    CEO OF THE YEAR AUTOMOTIVE INDUSTRY

high performance materials sectors as from January 2007 and, as the Vice-Chairman of Saint-Gobain Corporation and General Delegate to the United States and Canada, he directed the operations of the group in the United States as from the same year. Since February 18, 2016, Jacques Aschenbroich is appointed Chairman of the Board of Directors and Chief Executive Officer of Valeo. He is also Chairman of the Board of Directors of École nationale supérieure des mines ParisTech and a Member of the Board of Veolia environnement. Jacques Aschenbroich, an engineering graduate of the École des mines, held several positions in the French

The Valeo story started in 1923 in a workshop in

administration and served in the Prime Minister’s

Saint-Ouen, just outside of Paris, France. Over 90 years

office in 1987 and 1988.

later, it is now a world-leading global automotive supplier operating in 33 countries and partnering with

He then pursued an industrial career in the

automakers worldwide.

Saint-Gobain group from 1988 to 2008. After having managed subsidiaries in Brazil and Germany, he

Valeo is an automotive supplier and partner to

became Managing Director of the Flat Glass Division of

automakers worldwide. As a technology company, we

Compagnie de Saint-Gobain and went on to become

design innovative solutions for smart mobility, with a

Chairman of Saint-Gobain Vitrage in 1996. Then, as

particular focus on intuitive driving and reducing CO2

Senior Vice-President of Compagnie de Saint-Gobain

emissions.

from 2001 to 2008, he managed the flat glass and


PAGE 28

CEO YEAR AWARDS

AUTOMOTIVE INDUSTRY

SACHIN LAWANDE CEO OF VISTEON SME CEO OF THE YEAR AUTOMOTIVE INDUSTRY and generating record levels of new business wins with global automakers.    Lawande also serves on the board of directors of DXC Technology, the world's leading independent, end-to-end IT services company, with $26 billion in annual revenue. He has a bachelor’s degree in electronics and telecommunications from Bombay University in India, and a master’s degree in electrical engineering from Southern Illinois University at Edwardsville. Visteon is at the epicenter of the connected car driving Sachin Lawande has been president and CEO of Visteon

revolution, with one of the broadest cockpit electronics

since June 29, 2015. He also serves on Visteon’s board of

portfolios in the industry. Visteon designs, engineers and

directors. Lawande is considered one of the foremost

manufactures vehicle cockpit electronics products and

technology and business thought leaders in automotive

connected car solutions that deliver a rich, connected

original equipment electronics industry. Throughout his

experience for drivers and passengers.

career, he has championed the need for suppliers of

Visteon is well-positioned to address emerging cockpit

automotive cockpit electronics to evolve to meet the

electronics trends, with solutions including Phoenix™

demands of the connected car era and, ultimately,

infotainment, SmartCore™ domain controllers and an

autonomous vehicles. Since joining Visteon, Lawande

autonomous driving approach that uses artificial

has shaped Visteon into the largest Tier 1 supplier

intelligence and machine learning. Named a top-five Tier 1

focused exclusively on the fast-growing cockpit

supplier for connected car solutions by ABI Research,

electronics segment, driving consistent financial

Visteon is technology-driven, flexible and enjoys a

performance, introducing next-generation technology,

diversified customer base and broad global footprint.


CEO YEAR AWARDS

PAGE 29

AVIATION INDUSTRY

JON PLATT CEO OF BP AVIATION  CEO OF THE YEAR AVIATION INDUSTRY

Jon was born in East Anglia (UK), graduated from Bradford University (1989) with a 1st class BEng(Hons) in Chemical Engineering and holds an MBA from Strathclyde University (1999). David Gilmour stays with BP taking up the role of vice president, BP Group Technology. He will have responsibility for technology commercialisation and venturing, as well as strategy, planning and communications activities. Air BP has a strong focus on safe and reliable operations, growth and supporting the needs of our customers through quality, technical expertise and Jon Platt has been with BP for over 27 years, his

innovation.” said Platt. “We will continue to be a key

previous roles include CEO of BP’s global Liquid

business in BP’s growth strategy, deeply committed to

Petroleum Gas business and CFO for the global

the aviation industry, our customers and investment in

Petrochemicals business.

their future”.

Jon joined BP in 1989 starting as a graduate Chemical

As the aviation division of BP, we’re one of the world's

Engineer in Refinery & Petrochemicals operations

largest suppliers of aviation fuel products and services.

followed by roles in commercial, corporate head office,

We have a network of operations at around 900

finance, strategy and business leadership in Europe, US

locations in more than 50 countries and sell over six

and Asia. He has previously held roles in BP’s

and a half billion gallons of jet kerosene and aviation

Downstream business as Commercial VP Fuels, Head

gasoline a year. In 2017 we fuelled more than 6,000

of Strategy and Portfolio, CEO Global LPG and CFO

flights every day - or four every minute.

Petrochemicals.


PAGE 30

CEO YEAR AWARDS

AVIATION INDUSTRY

JOHN UCZEKAJ CEO OF ASPEN AVIONICS  SME CEO OF THE YEAR AVIATION INDUSTRY

Board of Directors of the General Aviation Manufacturers 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 founded by aviation enthusiasts in 2004. Aspen Avionics specializes in bringing the most advanced technology and capability into General Aviation cockpits—and budgets. Our products increase situational awareness and Aspen Avionics’ President and CEO, John Uczekaj, has

reduce pilot workload, making it even easier and safer to

over 35 years of experience in the avionics industry,

fly in both VFR and IFR conditions. The way we look at it,

starting out as an engineer at Boeing and moving into

getting the latest avionics technology shouldn’t always

key management positions at Sperry and Honeywell.

mean spending a lot of money—on equipment or installation. At Aspen Avionics, we design products to be

While at Honeywell, John was made executive vice

affordable, easy to install, and easy to own.

president and general manager of the Aerospace Electronics Systems division. Immediately prior to

Led by industry veteran John Uczekaj, Aspen Avionics’

joining Aspen, John was president and COO of The

team of top talent—with deep roots in aviation product

NORDAM Group. John received the Aviation Industry

development and certification—will continue to grow the

Entrepreneur of the Year in 2012 from the Living

company’s business through pioneering solutions for the

Legends of Aviation and was inducted into the Living

general aviation market.

Legends of Aviation in 2013. He is a member of the 


CEO YEAR AWARDS

PAGE 31

BANKING INDUSTRY

DR. R. SEETHARAMAN CEO OF DOHA BANKÂ CEO OF THE YEAR BANKING INDUSTRY

A leading top-tier Bank CEO, he has transformed Doha Bank as one of the best performing Banks in the Middle East region. He is a high profile economist and is invited on a regular basis 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 commercial banks in the State of Qatar and has been consistently registering a strong growth during the last decade with participative leadership philosophy. Dr. R. Seetharaman, Chief Executive Officer of Doha

Inaugurated in 1979, Doha Bank provides domestic and

Bank, is a prominent personality in the banking

international banking services for individuals,

industry throughout the Middle East, an economic

commercial, corporate and institutional clients through

expert who has achieved remarkable success for his

four business groups â&#x20AC;&#x201C; Wholesale Banking, Retail Banking,

contributions to Banking, Trade, Investment,

International Banking and Treasury & Investments.

Economics, Environment, Social responsibility,

Doha Bank has established overseas branches in Kuwait,

Philanthropy and Charity.

Dubai (UAE), Abu Dhabi (UAE), Mumbai, Chennai and Kochi (India) as well as representative offices in Japan,

He is a Chartered Accountant and holds certificate in IT

China, Singapore, Hong Kong, South Africa, South Korea,

systems and Corporate Management, whilst being a

Australia, Turkey, the United Kingdom, Canada, Germany,

Gold medallist in his graduation Bachelor of

Bangladesh, Sri Lanka and Nepal.

Commerce. He is recipient of multiple doctorates from leading universities of the world.


PAGE 32

CEO YEAR AWARDS

BEAUTY INDUSTRY

FABRIZIO FREDA CEO OF ESTÉE LAUDER   CEO OF THE YEAR BEAUTY INDUSTRY financially-disciplined, results-oriented leader with a proven track record in the consumer products industry. Prior to joining The Estée Lauder Companies, Mr. Freda had an impressive 20-year career at Procter & Gamble (P&G), where he was responsible for numerous operating, marketing and strategic efforts spanning different geographies and categories.  He held positions of increasing responsibility in the Health and Beauty Care and Global Snacks divisions at P&G, with his last role as President, Global Snacks. Mr. Freda serves on both the Board of Directors of BlackRock Fabrizio Freda is President and Chief Executive Officer

Inc. and the Advisory Board of the Global Business

of The Estée Lauder Companies, the global leader in

Initiative at Georgetown University’s McDonough School

prestige beauty. He joined the Company in March 2008

of Business. In 2015, Mr. Freda was presented with Italy’s

as President and Chief Operating Officer and assumed

Cavaliere del Lavoro by President Sergio Mattarella, and

the CEO position in July 2009.

in 2018, Mr. Freda was named to Barron’s exclusive list of the World’s Best CEO’s.

As President and CEO, Mr. Freda is responsible for the Company’s overall vision and strategy, financial

We are the global leader in prestige beauty — delighting

objectives and investment priorities. He is also a

consumers with transformative products and

member of the Company’s Board of Directors. Under

experiences, inspiring them to express their individual

his leadership, the Company’s multiple engines of

beauty. We are the only company focused solely on

growth have delivered record sales and enabled

prestige makeup, skin care, fragrance and hair care with

profitable growth. Mr. Freda is a strategically-focused, 

a diverse portfolio of 25+ brands sold in 150 countries.


CEO YEAR AWARDS

PAGE 33

CHEMICAL INDUSTRY

BHAVESH PATEL CEO OF LYONDELLBASELL   CEO OF THE YEAR CHEMICAL INDUSTRY

Phillips Chemical Company for more than 20 years. Over the course of his career, Mr. Patel has held leadership positions based in the Netherlands, Singapore and the United States. Mr. Patel is a member of the Business Council, The Business Roundtable and he serves on the boards of the Greater Houston Partnership and Junior Achievement of Southeast Texas and he is the current chairman of the American Chemistry Council. Mr. Patel is also on the external advisory council of the College of Engineering at The Ohio State University and the dean’s advisory council Bhavesh V. (Bob) Patel is chief executive officer of

for the Fox School of Business at Temple University.

LyondellBasell, one of the largest plastics, chemicals

Mr. Patel serves on the board of directors of Union Pacific

and refining companies in the world. Mr. Patel assumed

Corporation. He earned a Bachelor of Science in chemical

this position in January 2015 after having served as

engineering from The Ohio State University and he also

executive vice president, Olefins and Polyolefins –

holds a Master of Business Administration from Temple

Europe, Asia and International and previously senior

University.

vice president, Olefins and Polyolefins – Americas. LyondellBasell (NYSE: LYB) is one of the largest plastics, Under Mr. Patel’s leadership, In 2018 LyondellBasell was

chemicals and refining companies in the world. Driven by

named to Fortune Magazine’s “world’s most admired

its employees around the globe, LyondellBasell produces

companies” list for the first time in its history.

materials and products that are key to advancing

Previously, Mr. Patel held positions of increasing

solutions to modern challenges. LyondellBasell sells

responsibility at Chevron Corporation and Chevron

products into more than 100 countries.


PAGE 34

CEO YEAR AWARDS

CLEANING & HYGIENE INDUSTRY

ANDY RANSOM CEO OF RENTOKIL INITIAL CEO OF THE YEAR CLEANING & HYGIENE INDUSTRY

Executive Vice President, Mergers & Acquisitions, General Counsel and Company Secretary. He also had operational responsibility for ICI’s Regional and Industrial Division. During his career with ICI he spent several years working in its businesses in the US and Canada. Andy is a graduate of the University of Southampton and a qualified solicitor. Rentokil Initial provides services that protect people and enhance lives. We protect people from the dangers of pest-borne disease and the risks of poor hygiene. We enhance lives with services that protect the health and Andy joined Rentokil Initial in 2008 as the Executive

wellbeing of people, and the reputation of our

Director of the global Pest Control business with

customers’ brands. Rentokil is the world’s leading

functional responsibility for Corporate Development,

commercial pest control services provider.

M&A, Legal, Company Secretariat, Risk and Health &

Initial is the world’s leading commercial hygiene

Safety. He was appointed Chief Executive of Rentokil

services provider.

Initial plc in October 2013. Andy has broad commercial

Ambius is the world’s leading commercial provider of

experience gained in senior executive positions and

plants and scenting.

legal roles.

We have over 1800 local service teams across the world covering 91% of global GDP in over 90 of the world’s 100

Andy joined Rentokil Initial from ICI where he held

largest cities across North America, Europe, UK and the

various positions as a senior lawyer and head of the

Rest of World, Asia and the Pacific. Operating in 70

mergers and acquisitions team since 1987. In 2005, he

countries, approximately 90% of our revenues are

was appointed to the executive management team as

derived outside of the UK.


PAGE 35

CEO YEAR AWARDS

CLEANING & HYGIENE INDUSTRY

PETER REILLY CEO CLEANER PRODUCTS SME CEO OF THE YEAR CLEANING & HYGIENE INDUSTRY and in January 2009 Peter launched his own manufactured range. Today the brand is the first choice for many top hotels and restaurants, and we has an annual turnover of £2 million. Cleaner Products — a family-run business with more than 40 years' experience of the cleaning and hygiene industry. If we can reduce your spending and improve the sustainability of your business we can achieve our aim and be your supply partner for years to come. Peter Reilly: "Cleaner Products is a family-run business Peter Reily is the CEO and Founder of Cleaner Products

manufacturing top-quality cleaning and hygiene products

UK LTD.

for the hospitality sector in the UK. We target high-end

His extensive career included setting up more than 200

restaurants and hotels because that’s the market I know

franchise businesses for a previous employer and

best, with clients that tend to lead in innovation and

launching his first venture: City Service which was a

corporate responsibility.

major success and supplied over 200 top hotels as a distributor.

We deal direct with end users and have our own transport fleet. So there are no middlemen’s margins for our clients

Given his understanding of chemicals and cleaning practices, he knew they could be more efficient and environmentally responsible. But he had to have control over product design and quality to deliver sustainable value as well as service. So Cleaner Products was born

to pay, which makes our brand highly competitive."


PAGE 36

CEO YEAR AWARDS

CLOTHING INDUSTRY

GLENN J. CHAMANDY CEO OF GILDAN  CEO OF THE YEAR CLOTHING INDUSTRY

Mr Chamandy is responsible for providing leadership and vision to Gildan, as well as setting the strategic direction in line with shareholder's interests. Gildan is one of the world's largest vertically integrated manufacturers of apparel and socks. We control almost every step in the process, from raw materials to finished garments. A key differentiator for Gildan is our people. Their exceptional skills and dedication to delivering value each and every day drives our success and future Glenn J. Chamandy is one of the founders of the

growth. By owning vertically-integrated world-class

Company and has devoted his entire career to building

factories and developing expertise in every step in the

Gildan into an industry leader.

process we uncover efficiencies and resource savings most cannot see. We leverage our large scale and global

Mr. Chamandy has been involved in various textile and

reach to create positive impacts on how apparel is

apparel businesses for over thirty years. Prior to his

made by investing in technology, continuous

appointment as President and Chief Executive Officer

improvements and sustainable solutions.

in 2004, the position which he currently holds, Mr Chamandy served as Co-Chief Executive Officer and

We create value for customers by delivering superior

Chief Operating Officer of Gildan.

quality products for the whole family at everyday low

An entrepreneurial spirit who is passionate about the

prices.

business and the pursuit of excellence, Mr. Chamandy serves as a great example of Gildan's Core Values.


PAGE 37

CEO YEAR AWARDS

CONSTRUCTION INDUSTRY

FERNANDO A. GONZÁLEZ CEO OF CEMEX CEO OF THE YEAR CONSTRUCTION INDUSTRY

Monterrey’s Business School. He earned his BA in Administration and an MBA, both from Tecnológico de Monterrey. CEMEX is a global building materials company that provides high-quality products and reliable service to 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. Since joining CEMEX in 1989, Fernando A. González has

We are a company focused on creating sustainable value

held several senior management positions, including

by providing industry-leading products and solutions to

Corporate Vice President of Strategic Planning, head of

satisfy the construction needs of our customers around

operations in Venezuela, President of CEMEX Asia,

the world. We strive to make the future better for our

President of the CEMEX South America and the

customers, our shareholders, and our communities by

Caribbean region, President of the CEMEX Europe,

becoming the world's most efficient and innovative

Middle East, Africa, Asia and Australia region, and

building materials company. Over the past century, we

Executive Vice President of Strategic Planning, Finance

have grown from a local player to one of the top global

and Administration (CFO).

companies in our industry. We have the people, the culture, and the opportunities to continue addressing

Fernando was appointed Chief Executive Officer in

society’s growing needs with high-quality products and

2014. He also serves in the Board of Directors of Grupo

innovative solutions.

Cementos de Chihuahua, Axtel, and Tecnológico de


CEO YEAR AWARDS

PAGE 38

CONSULTING INDUSTRY

PIERRE NANTERME CEO OF ACCENTURE CEO OF THE YEAR  CONSULTING INDUSTRY

He is a proven leader, with deep expertise in developing strong client relationships, a passion for building outstanding client teams and a disciplined focus on operations and execution. In his 35-year career with Accenture, Mr. Nanterme has held a wide variety of leadership positions across key parts of Accenture’s business. Prior to becoming CEO in January 2011, he was group chief executive of Accenture's Financial Services operating group, which serves clients in the banking, capital markets and insurance industries. In 2006, he joined Accenture’s Pierre Nanterme is Chairman & CEO of Accenture, a

global leadership team, where he contributed to the

US$39.6 billion global professional services company.

planning and execution of Accenture’s successful

In addition to chairing the board of directors,

long-term business strategy and the implementation of

Mr. Nanterme is responsible for managing the

its global operating model.

company, formulating and executing long-term strategies, and interacting with clients, employees,

Accenture solves our clients' toughest challenges by

investors and other stakeholders. He is Accenture’s

providing unmatched services in strategy, consulting,

primary decision- and policy-maker, setting the tone

digital, technology and operations. We partner with

for the company’s values, ethics and culture. He has

more than three-quarters of the Fortune Global 500,

served on the board of directors since 2010 and leads

driving innovation to improve the way the world works

Accenture's Global Management Committee.

and lives. With expertise across more than 40 industries

Mr. Nanterme exemplifies Accenture’s commitment to

and all business functions, we deliver transformational

helping its clients achieve high performance.

outcomes for a demanding new digital world.


CEO YEAR AWARDS

PAGE 39

CONSULTING INDUSTRY

OLIVIER BROURHANT CEO OF AMARIS SME CEO OF THE YEAR CONSULTING INDUSTRY

Amaris is an independent Technology and Management Consulting Group with high added-value consulting services on an international level. Amaris is the European leader in Independent Technologies and Management Consulting groups. Amaris has recently celebrated its 10th birthday. Our role consists in providing support to our clients throughout the realisation of their highly technological projects. We act within their organisations to help them enhance their efficiency and performance. Our knowledge of their line of business together with our Using a client-focused approach, Olivier founded

functional and technical expertise enable us to provide

Amaris in 2007 and has overseen its exponential

them with the best advice to carrying out their projects.

growth and global footprint.

With more than 65 offices around the world, we provide

Olivier held a variety of leadership roles: Manager and

world-wide coverage which allows us to meet the

Associate Director within Altran Technologies and

expectations of our clients, mainly comprising of

Management Program Director and Country Manager

multinational companies.

at Alten. Olivier is an INSA Lyon School of Engineering graduate and an EM LYON Business School MBA holder. Olivier has received the prestigious EY entrepreneur of the year 2016 award. In 2017 he was named as part of the 100 personalities of Swiss Romandie !


CEO YEAR AWARDS

PAGE 40

DATA MANAGEMENT INDUSTRY

ANDREI BARONOV CEO OF VEEAM CEO OF THE YEAR DATA MANAGEMENT INDUSTRY

In 2004, after Aelita was acquired by Quest Software, Andrei took the position of R&D Director of Quest’s Microsoft Business Unit, leading its Russian product development teams. While working with Ratmir Timashev on the ABRT Venture Fund, Andrei continued to build his knowledge and explore new areas, including virtualization. Veeam’s first virtual server management product, FastSCP, has been widely embraced by the industry and today Andrei’s vision for Availability for the Always-On Enterprise is deployed in more than 200,000 companies Andrei Baronov has over two decades of delivering the

across the globe. Andrei earned his master’s degree from

industry’s most innovative and visionary product

the Moscow Institute of Physics and Technology in 1990,

portfolios and is one of the world’s leading systems

and a PhD in Physics and Technology from the same

management experts. As Co-Founder and CEO at

college in 1995.

Veeam Software, he oversees all aspects of the company’s products, tech and customer support.

With the hyper-growth and hyper-sprawl of today’s data, traditional data management is not enough. Data must

In 1997, in partnership with Ratmir Timashev, he co-

become Hyper‑Available. Getting there requires a new

founded Aelita Software. Andrei’s expertise and insight

approach that merges the traditional disciplines of data

made it possible to create a family of innovative,

backup and recovery, data protection and data security.

award-winning products built on architecture and core

As the leader in Availability across multi-cloud

technologies, which were a generation ahead of

environments, Veeam® is uniquely positioned to help you

competitors.

on your journey to Intelligent Data Management.


CEO YEAR AWARDS

PAGE 41

DEFENSE INDUSTRY

PHEBE NOVAKOVIC CEO OF GD  CEO OF THE YEAR DEFENSE INDUSTRY

General Dynamics is a global aerospace and defense company. From Gulfstream 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 in business aviation; combat vehicles, weapons systems and munitions; IT and C4ISR solutions; and shipbuilding and ship repair. Phebe N. Novakovic became chairman and chief

General Dynamics employs thousands of people across

executive officer of General Dynamics on January 1,

the globe, with locations in more than 45 countries. We

2013. She was previously named the company’s

rely on the skills of our employees and their knowledge of

president and chief operating officer, and a member of

customer requirements to deliver best-in-class products

the company’s board of directors, in May 2012.

and services.

Before joining General Dynamics, Novakovic served as the Special Assistant to the Secretary and Deputy

General Dynamics employees have pushed the

Secretary of Defense from 1997 to 2001. In that

boundaries by embracing change for more than 65 years.

capacity, she was responsible for managing processes

We draw on this rich history of service to the aerospace

for all major U.S. Department of Defense budget and

and defense communities and an agile culture of

policy decisions for the Secretary and Deputy Secretary

continuous improvement to create ever-growing value

of Defense.

for our customers.


CEO YEAR AWARDS

PAGE 42

DRINKS INDUSTRY

JAMES QUINCEY CEO OF COCA-COLA  CEO OF THE YEAR DRINKS INDUSTRY

brand portfolio and improved execution across the geography. These actions helped drive solid topline growth and expanded the company’s leading market share position in total nonalcoholic ready-to-drink (NARTD) beverages despite the volatile and prolonged macroeconomic challenges in the region. Quincey also played an instrumental role in leading the merger of Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetranke AG to form Coca-Cola European Partners Plc., which is now the world’s largest independent Coca-Cola bottler based on net revenues. James Quincey is President and Chief Executive Officer of The Coca-Cola Company. Before becoming CEO on

Since 1886, we’ve brought the world the unique,

May 1, 2017, he led all of the company’s operating units

refreshing taste of Coca-Cola. And as the times have

worldwide as President and Chief Operating Officer

changed, so have we. Today, we’re the world’s largest

from August 2015.

beverage company, offering over 500 brands to people in more than 200 countries. Together with our bottling

From 2013 to 2015, Quincey served as President of The

partners, we depend on over 700,000 Coca-Cola system

Coca-Cola Company’s Europe Group, which is

associates to reach the world.

comprised of 38 countries including the Member

But even with this storied past, we aren’t standing still.

States of the European Union, the European Free Trade

As consumers’ tastes and preferences change, we’re

Association countries and the Balkans. Under Quincey’s

rapidly evolving our business to bring them a wide range

leadership, the Europe Group, the company’s most

of new and different drinks, while also reducing sugar and

profitable operating group, strategically expanded its

adding more nutrition and benefits wherever we can.


CEO YEAR AWARDS

PAGE 43

EDUCATION INDUSTRY

JOHN FALLON CEO OF PEARSON CEO OF THE YEAR EDUCATION INDUSTRY

Earlier in his career, John held senior public policy and communications roles in UK local government. He is an advisory board member of the Global Business Coalition for Education, a member of the Council of the University of Hull, and trustee and director of the Oracle Cancer Trust. In a fast-changing world, education is the key to success. For many people, learning is the route to a job to support their family or the skills to help them make progress in their career. For others, it’s simply a lifelong passion for discovery. For every learner, at every stage of their life, John Fallon became Pearson’s chief executive on 1

education is the path to opportunity and fulfilment.

January 2013. Since 2008, he had been responsible for the company’s education businesses outside North

Our world-class tools, content, products, and services are

America and a member of the Pearson management

designed to help people adapt to our changing world,

committee. He joined Pearson in 1997 as director of

navigate its challenges and opportunities, and ultimately

communications and was appointed president of

make progress in their lives. Whether it's at home, in the

Pearson Inc. in 2000.

classroom, or in the workplace, learning is a never-ending road of discovery, challenge, inspiration, and wonder. At

In 2003 he was appointed CEO of Pearson’s

Pearson, we create tools that provide opportunities for

educational publishing businesses for Europe, Middle

learners at every stage of their journey. Because wherever

East & Africa. Prior to joining Pearson, John was

learning flourishes, so do people.

director of Corporate Affairs at Powergen plc and was also a member of the company’s executive committee.


PAGE 44

CEO YEAR AWARDS

ENERGY INDUSTRY


PAGE 45

CEO YEAR AWARDS

ENERGY INDUSTRY

SUKRIT SURABOTSOPON CEO OF IRPC CEO OF THE YEAR ENERGY INDUSTRY

In 2017 Key Performance Indicators of CEO consists of Financial Perspective – EBITDA, Net Profit, ROIC Stakeholder Perspective – Customer Satisfaction, Community Satisfaction, Employee Engagement Internal Process Perspective – Margin Improvement (EVEREST Project), Project Progression, Total Recordable Injury Rate (TRIR) Learning & Growth Perspective – IRPC Health Check (IHC), RD Roadmap Achievement, Sustainability Assessment Results (DJSI) IRPC Public Company Limited or IRPC (Company) formerly Thai Petrochemical Industry Public Company Sukrit Surabotsopon is the Director / Executive Director

Limited or "TPI" registered in 1978 by Leophairatana

/ President of IRPC. He holds a Bachelor of Engineering

family. TPI had been transformed to a public company

in Chemical Engineering with 2nd Class Honor,

limited on October 10, 1994 and listed on the SET on

Chulalongkorn University.

March 17, 1995. IRPC started to produce applications of petroleum and petrochemical products in 1982 and

Mr. Sukrit Surabotsopon’s has exceeded performance

expanded its line of production of various petrochemical

expectations based on criteria approved by the Board

products. It expanded the plant and infrastructures for

of IRPC. The criterion which take account overall

fully integrated petrochemical complex.

components, such as corporate business situations,

IRPC and its subsidiaries are currently the first fully

challenging targets, problem handling,communication

integrated petrochemical complex in Southeast Asia.

skills in emergency situations, social and

IRPC's plants are located in an industrial area in Rayong

environ-mental governance, and promotion of good

Province with facilities to support the businesses such as

corporate image.

deep sea port, tank farm and power plant.


CEO YEAR AWARDS

PAGE 46

ENTERPRISE SOLUTIONS INDUSTRY

GINNI ROMETTY CEO OF IBM CEO OF THE YEAR ENTERPRISE SOLUTIONS INDUSTRY  

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 at the forefront of technological innovation. Our capabilities in data and analytics, cloud, mobile, social and security have helped the UK evolve to become one of the world’s most digitally advanced nations. This digital revolution empowers us and our Ginni Rometty began her career with IBM in 1981 in

clients to gather and analyse data in ways that have

Detroit. Since then she has held a series of leadership

never been possible before—helping UK organisations

positions, most recently as senior vice president and

unlock new insights and usher in a new era of cognitive

group executive, IBM sales, marketing, and strategy.

business.

Earlier she served as senior vice president, IBM Global Business Services, where she led the successful

A constant state of innovation

integration of PricewaterhouseCoopers Consulting.

“Digital is the wires, but digital intelligence, or artificial

This acquisition was the largest in professional services

intelligence as some people call it, is about much more

history, creating a global team of more than 100,000

than that. This next decade is about how you combine

business consultants and services experts.

those and become a cognitive business. It’s the dawn of

Mrs. Rometty serves on the Council on Foreign

a new era.” - VIRGINIA M. (GINNI) ROMETTY, CHAIRMAN,

Relations, the board of trustees of

PRESIDENT AND CHIEF EXECUTIVE OFFICER, IBM

North-western University, and the board of overseers and 


CEO YEAR AWARDS

PAGE 47

ENVIRONMENTAL INDUSTRY

EMMIE LEUNG CEO OF EMTERRA GROUP CEO OF THE YEAR ENVIRONMENTAL INDUSTRY

“valuable resources.” She moved to Vancouver to be closer to core transportation hubs and from that point on she has been a pioneer in the recycling and waste diversion industry in Canada. IPI in its infancy was a one-person business – Emmie.  She performed every job from driving the collection truck to sorting and baling materials, to operating the forklift to marketing and bookkeeping. When IPI started to expand into the municipal recycling services business, Emmie instigated the first ever ‘blue bag’ program to collect recyclables, a system that continues to be used in some municipalities throughout Canada.  This early hands-on At the helm of the Emterra Group is Emmie Leung who

experience gave her insight into all aspects of the waste

oversees the overall operations, performance against

handling business, knowledge that she continues to draw

key indicators and growth of the group of companies.

upon today as CEO of the Emterra Group.

Emmie has a knack for finding opportunities and building on them.

Emterra Group is a company of four divisions offering municipal and industrial, commercial and institutional

She founded the original company, International Paper

(ICI) customers a fully integrated approach to collecting,

Industries (IPI) in 1976 in Vancouver soon after

processing and marketing: Printed Paper and Packaging,

graduating from the University of Manitoba with a BA

Used and Scrap Tires, Stale-dated and Un-saleable

in Commerce. She got the idea to start collecting used

Products. We bring innovation, commitment and plain

cardboard and other printed papers when she was

old hard work to the task of developing and managing

walking around her Winnipeg neighbourhood one day

material collection and resource recovery programs for

and noticed that businesses were discarding these

our customers.


CEO YEAR AWARDS

PAGE 48

FASHION INDUSTRY

PABLO ISLA CEO OF INDITEX CEO OF THE YEAR FASHION INDUSTRY

He was re-elected to the Board of Directors of Inditex by the AGM held on 13 July 2010 and 14 July 2015. Inditex is one of the world's largest fashion retailers, with eight distinct brands. Inditex is one of the world's largest fashion retailers, with eight brands (Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe) selling in 202 markets through its online platform or its over 7,000 stores in 96 markets. We have come a long way since 1963, when we started out as a small family business in a workshop making women’s Pablo Isla has been the Chairman and CEO of Inditex

clothing. Over the years, our size may have changed, but

since 2011. He has been the Deputy Chairman and CEO

one underlying idea has stayed the same – the customer is

since 2005.

at the centre of everything we do. By working closely together as a single company globally focused on the key

He is a graduate in Law from the Complutense

elements of fashion production –design, manufacture,

University of Madrid (1987) and became Spanish State

distribution and retail– we brought our customers closer

Attorney (Abogado del Estado) in the 1988 year, ranking

than ever to the products they wanted at affordable

#1. From 1992 to 1996 he was Group General Counsel of

prices.

Banco Popular. He went on to be appointed General

The success of our first brand –Zara was followed by

Director of State Assets at the Ministry of Economy and

international expansion at the end of the 1980s and the

Finances. From July 2000 to 2005 he was Chairman of

successive launch of new brands, that now have an

Altadis group. He currently is a member of the Board of

integrated model of stores and online

Directors of Nestlé.


CEO YEAR AWARDS

PAGE 49

FITNESS INDUSTRY

CHUCK RUNYON CEO OF S.E BRANDS CEO OF THE YEAR FITNESS INDUSTRY

Improving the self-esteem of the world. That’s the lofty goal of Self Esteem Brands, the parent company of Anytime Fitness (the world’s #1 “Top Global” franchise) and Waxing The City, another 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 self-esteem of the world at its core, Self Esteem Brands seeks to enrich the lives of With more than 20 years of experience managing,

all of those who interact with our companies in nearly 30

owning and franchising health clubs, Chuck Runyon

countries on five continents worldwide. That includes our

has distinguished himself as a leading authority in the

consumers, vendors, employees, franchisees and the

field of fitness. Runyon revolutionized the fitness

surrounding communities where more than 3,000 of our

industry when he and Dave Mortensen co-founded

independently owned and operated franchises are

Anytime Fitness – an alternative to big-box gyms which

located.

typically feature expensive “frills” that few members actually use or need. In contrast, Runyon and

Additionally, Self Esteem Brands is actively seeking other

Mortensen designed smaller, neighbourhood clubs

innovative business concepts to partner with and

featuring the things members want most:

franchise.

convenience, affordability, quality equipment and surprisingly personable service in friendly, nonintimidating facilities.


CEO YEAR AWARDS

PAGE 50

TEXAS

GO BIG IN TEXAS -  THE USA'S TOP RANKED POWERHOUSE  If Texas were a nation, it would be the 10th

"Looked at every major city both the business and the

largest economy in the world. The state ranks at

employee's point of view in terms of quality of life.

the top of nearly every US business ratings list.

There is no better place than Texas to start the next chapter of Toyota's history in North America, and we

Texas is on top yet again. The Lone Star State claimed

are excited about our future together."

the No. 1 spot in CNBC's annual Top States for Business

Jim Lentz - CEO, Toyota Motor North America

ranking, marking the first four-time win by a state in the award’s history. In addition to claiming the No. 1 spot,

Economic Powerhouse: If Texas were a nation, it would

Texas also received the top score in economy and

rank as the 10th largest economy in the world based on

infrastructure.

GDP, ahead of Australia, Mexico, Spain, Russia and many others.

There’s a reason Texas continues to take home awards. It’s thanks to Toyota, Boeing, Charles Schwab, Merck,

#1 Exporter: Texas maintains its position as the nation’s

Kubota and the thousands of other game-changing

#1 exporter—a title the state has held for 16 consecutive

companies that chose Texas for its pro-business tax

years. In 2017, Texas exported $264 billion in goods to

climate, world-class infrastructure, skilled workforce and

destinations all over the world with Mexico, Canada,

central North American location.

China, Brazil and Korea as its top trading partners. Home to World-Leading Companies: Behind Texas'

Economic Strength: Texas is a force to be reckoned with

strong economy are 48 Fortune 500 companies,

as a location for business and skilled talent. And it just

including ExxonMobil, AT&T, Sysco and American

keeps getting stronger.

Airlines, more than 1,400 foreign companies such as


PAGE 51

CEO YEAR AWARDS

TEXAS

Toyota, BAE Systems, Siemens and Shell Oil and 2.4

Low Tax: Texas offers a competitive tax climate and

million small businesses. See which Fortune 500

powerful incentives to allow businesses to invest in the

companies have their headquarters here.

things that matter—growing their workforce, improving facilities and boosting their bottom line.

Workforce: Texas has the second largest civilian workforce in America—13 million Texans. Our top-notch

Quality of Living: The Lone Star State continues to

schools feed a strong pipeline of talent into the state

attract businesses and workers from across the nation

and out-of-state workers continue to flock to Texas to

and around the world to take advantage of its

take advantage of diverse job opportunities and quality

comparatively low cost of living and dynamic cultural

of life amenities.

and recreational opportunities. There's simply no place in the world that's quite like Texas.

Fair: Texas' fair legal system limits unnecessary regulation to allow business to prosper. It's that simple.

Infrastructure: Texas' central location and

"Texas rewrote everything from class-action

state-of-the-art transportation network provide timely

certification to product liability." - Wall Street Journal

access to domestic and global markets via air, land and sea.

Room to Prosper: Texas offers companies and

382 Airports, 10,539 miles of freight rail, more than any

entrepreneurs room to grow, as well as the freedom to

state, 16 Seaports, including 32 foreign trade zones (FTZ)

go big and to be rewarded for their ambitions. Less

313,220+ miles of public roads, more than any state.

government, lower taxes, smarter regulations and right-to-work laws are the policies attracting

Global Leaders Choose Texas: We recently welcomed a

employers to Texas from states that overtax and

multi-billion-dollar project from ExxonMobil and SABIC

over-regulate.

and headquarters projects from Hulu and Boeing.


CEO YEAR AWARDS

PAGE 52

FITNESS INDUSTRY

JOHN TREHARNE CEO OF THE GYM GROUP SME CEO OF THE YEAR FITNESS INDUSTRY

Helping the UK to achieve a healthy balance, to be more precise. We think everybody deserves the support to reach their goals whatever they are, and without paying a premium or being tied into a contract. That’s why we offer no pressure membership that you can stop and start whenever you want. Instead of being tied to a year’s contract, and opening hours that just don’t suit lots of us, like shift workers and students, you can have exactly the way you want it. For a start we’re open 24/7, almost every day of the year. The Gym Group was founded by John Treharne, a

And we won’t make you sign a contract that ties you in.

former England squash player, in 2008. Perhaps that’s

All we’ll do is give you the exact amount of

why we’re so focused on proper health and fitness

encouragement and support you need, and make sure

benefits, and less on the luxuries that a small

you’ve got the very latest kit to do it on (we were one of

percentage of traditional health club members want.

the first fitness centres in the UK to introduce Myride®

John has a long and successful history in the gym

indoor cycling and 24/7 video-link pilates, yoga, dance

business. He opened his first health club chain,

and aerobics classes within our separate studio rooms,

Dragons Health Clubs, in 1991, building the business to

don’t you know).

a total of 22 clubs. He floated the company in 1997, and in 2000 he and his investors sold it on. He then spent

As well as helping the Great British public, we do our bit

time lending his expertise to premium gym chain

to make the world healthier and greener too. You’ll find

Esporta, before concentrating on the launch of The

everything we do to run The Gym as sustainably as

Gym Group.

possible laid out in black and white in our Green Policy.


CEO YEAR AWARDS

PAGE 53

FURNITURE INDUSTRY

NIDHI KAPOOR CEO OF MAIDEN HOME SME CEO OF THE YEAR FURNITURE INDUSTRY 

Maiden Home: Heritage quality, direct from our craftsmen, minus the retail markup. We’re thrilled to bring you a better way in furniture–and exceptional products you’ll be proud to include in your home. Every Maiden Home piece is handmade in the North Carolina region, home to the world’s most skilled furniture craftsmen. They bring decades of experience to their work and an attention to detail you won’t find elsewhere. We are the first to partner with the country's best custom workrooms to offer their products directly to consumers online. That’s how we deliver designer Nidhi Kapoor: "When designing my NYC home, I

showroom quality for a fraction of the price.

looked everywhere for timeless, quality pieces that I

We build our pieces with premium materials and

loved and would last. It was a search that left me

cut-no-corners construction. You’ll experience

frustrated; designer boutiques were out of reach, but

luxuriously comfortable furniture that’ll stand up to

big-box stores served up generic style. Unwilling to

your lifestyle.

settle, I went straight to the source: North Carolina, where I found artisans crafting the incredible custom

When it comes to your home, we believe you shouldn’t

furniture I only dreamed of for my home.

settle–for generic design, lesser quality or anything short

I made it my mission to bring their story and craft to

of a perfect fit. What if you could have more, without

consumers everywhere–at a price and speed never

the designer price tag?

done before. Welcome to Maiden Home."


CEO YEAR AWARDS

PAGE 54

HEALTHCARE INDUSTRY

JORGE CORTELL CEO OF KANTERON CEO OF THE YEAR HEALTHCARE INDUSTRY

over 500 times in 12 countries, at some of the world's largest healthcare networks like the NHS in the UK, ISSSTE in Mexico, or EsSalud in Peru. Healthcare delivery organizations (HDOs) are ramping up their investments in genomics sequencing technologies, multimodal radiology, and digital pathology, both to support their clinical-care mission and to further research in personalized medicine. The tests, devices and systems from this activity produce terabytes and often petabytes of structured and Jorge Cortell: Serial entrepreneur (x8); Oxford

unstructured data, from DICOM and non-DICOM images

(Computing) and MIT (Entrepreneurship); Formerly: pro

and videos, to metadata, and textual reports. That data has

basketball player; visiting professor; EU Expert on Social

to be stored, integrated, and processed on a platform that

Investment.

allows search, visualization, annotation, and collaboration, in order to be useful for clinical and research purposes.

Kanteron Systems is a privately held Healthcare IT – Computational Bioinformatics company founded in

Until now, HDOs relied on individual stand-alone systems

2005 that helps healthcare providers manage imaging

(PACS, VNA, Digital Pathology, BioInformatics,

and genomic data effectively for precision medicine

Pharmacogenomic, and Analytics tools) to manage all that

applications at the point of care.

data. With Kanteron Systems Platform clinicians and

With offices in Madrid (Spain), and European HQ in

researchers in HDOs can finally leverage a unified and

Valencia (Spain), and subsidiaries in UK and USA,

modular system.

Kanteron Systems' solution has already been deployed


CEO YEAR AWARDS

PAGE 55

HOSPITALITY INDUSTRY

SÉBASTIEN BAZIN CEO OF ACCOR HOTELS CEO OF THE YEAR HOSPITALITY INDUSTRY

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 at Colony Capital and was appointed Chairman and CEO of 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. After five years working in several financial positions in

We are far more than a worldwide leader. We are 250,000

New York, San Francisco and London, Sébastien Bazin

hospitality experts who share the same passion.

was appointed CEO of Hottinguer Rivaud Finances, an

Welcoming people.

investment bank, in 1990, and then CEO of L’Immo-bilière Hôtelière, a hotel developer in France, in

We take care of millions of guests in our 4,500 addresses.

1992.

Every day, we put all our energy into spreading the most powerful promise in the hospitality profession: Feel

In 1997, he moved to Colony Capital, a private real

Welcome. Our dynamic brands are established in 100

estate investment firm, to head up its European branch

countries and are continuing their steady growth. A new

and lead several acquisitions, principally in the

AccorHotels address opens every two days.

hospitality sector (Générale des Eaux, Club Méditerranée, Lucien Barrière, Fairmont & Raffles, Buffalo Grill, Château Lascombes, Stadia Consulting and others).


CEO YEAR AWARDS

PAGE 56

INGREDIENTS INDUSTRY

JUAN R. LUCIANO CEO OF ADM CEO OF THE YEAR INGREDIENTS INDUSTRY

Before joining ADM, Luciano had a successful 25-year tenure at The Dow Chemical Company, where he last served as executive vice president and president of the Performance division. Luciano serves on the boards of directors of Eli Lilly and Company, Wilmar International and Intersect Illinois, a non-profit economic development organization created by Illinois Governor Bruce Rauner. He is a member of the Economic Club of Chicago and the Commercial Club of Chicago; serves on the Global Advisory Board of the Kellogg School of Management at Northwestern University; and is a governor of the Boys and Girls Clubs of America. Luciano Juan R. Luciano is chairman of the board of directors,

holds an industrial engineering degree from the Buenos

president and chief executive officer of Archer Daniels

Aires Institute of Technology.

Midland Company. Luciano joined ADM in 2011 as executive vice president and chief operating officer. He

For more than a century, the people of Archer Daniels

was named president in February 2014, and in January

Midland Company (NYSE: ADM) have transformed crops

2015 became the ninth chief executive in ADM’s

into products that serve the vital needs of a growing

112-year history. He became chairman of the board in

world. Today, we’re one of the world’s largest agricultural

January 2016.

processors and food ingredient providers, with

As president, Luciano oversaw the commercial and

approximately 31,000 employees serving customers in

production activities of ADM’s Corn, Oilseeds and

more than 170 countries. We connect the harvest to the

Agricultural Services businesses, as well as its research,

home, making products for food, animal feed, industrial

project management, procurement and risk

and energy uses.

management functions.


CEO YEAR AWARDS

PAGE 57

INFRASTRUCTURE INDUSTRY

FLORENTINO PÉREZ CEO OF ACS GROUP  CEO OF THE YEAR  INFRASTRUCTURE DEVELOPMENT INDUSTRY

Institute for Agrarian Reform and Development at the Ministry of Agriculture. In 1983 he returned to the private sector, when he headed Construcciones Padrós, S.A., as well as being one of its leading shareholders. 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. Born in Madrid in 1947, he holds a degree in Civil

ACS Group - A worldwide reference in the industry of

engineering from Universidad Politécnica de Madrid.

infrastructure development, both civil and industrial

Professional experience:

engineering projects. A Group which participates in the

He began his professional career in 1971 in the private

development of sectors which are fundamental for the

sector, rising to head the Spanish Highway Association,

economy. A Company committed to economic and

until switching to the public business sector. From

social progress in the countries where it is present.

1976 to 1982 he held various positions in the Public

The Group's successful track record is based on an

Administration, such as Delegate for Sanitation and

efficient organization and a dynamic and

Environment for the City of Madrid, Deputy

entrepreneurial attitude laid down through consecutive

Director-General at the Ministry of Industry and

merger processes, takeovers and strategic plans

Energy, Director-General of Transport Infrastructure at

committed to the satisfaction of our clients as well as to

the Ministry of Transport, and President of the

maximizing profitability for ACS’ shareholders.

National


CEO YEAR AWARDS

PAGE 58

LIVE ENTERTAINMENT INDUSTRY

EDDIE HEARN CEO OF MATCHROOM SME CEO OF THE YEAR LIVE ENTERTAINMENT INDUSTRY

Matchroom’s Boxing division, promoting a stable he has grown and which is littered with World Champions and Olympic gold medallists. Under Eddie’s leadership Matchroom Boxing has returned to the forefront of the sport around the world. In 2014 Matchroom Boxing promoted the record-breaking Froch vs. Groves II bill at Wembley Stadium. Watched by 80,000 at the sold-out venue and broadcast around the world, the fight went down as one of the biggest in boxing history. He is also a director of the Professional Darts Corporation. Following several years in the sponsorship and event management industry, Eddie Hearn joined Matchroom

MATCHROOM Sport owns, manages and promotes

Sport in 2000 with responsibility for the newly-formed

sporting events. For over 30 years we have been bringing

Matchroom Golf management business.

unparalleled value to our sponsors, massive audiences for our TV broadcast partners and excitement to our sports’

In 2005, he assumed the role of Chief Executive of the

fans. We are one of the world’s largest suppliers of sports

PGA Europro Tour and subsequently headed up

programming; supplying virtually every major broadcaster

Matchroom Sport’s rapidly expanding poker and online

of sports in the world.

gaming operations. With the swift growth of the company in recent years, Eddie has assumed the role of Group Managing Director. Eddie’s most notable public face is as the head of 


CEO YEAR AWARDS

PAGE 59

MACHINE VISION INDUSTRY

ROBERT WILLETT CEO OF COGNEX CEO OF THE YEAR MACHINE VISION INDUSTRY

Mr. Willett also served as Chief Executive Officer of Willett International Ltd., a $125 million privately owned coding company with 30 wholly owned sales companies around the world, which he sold to Danaher in 2003 and which was merged with Videojet. He has a Bachelor of Arts degree from Brown University, and an MBA from Yale University. The world’s leading provider of vision systems, software, sensors, and industrial barcode readers used in manufacturing automation. Cognex vision helps companies improve product quality, eliminate As President and Chief Executive Officer, Mr. Willett

production errors, lower manufacturing costs, and

oversees all aspects of strategy and operations for

exceed consumer expectations for high quality

Cognex Corporation.

products at an affordable price. Typical applications for machine vision include detecting defects, monitoring

Mr. Willett came to Cognex in 2008 from Danaher

production lines, guiding assembly robots, and tracking,

Corporation, a diversified manufacturer of industrial

sorting and identifying parts. Cognex serves an

controls and technologies, where he served as Vice

international customer base from offices located

President of Business Development and Innovation for

throughout the Americas, Europe and Asia, and through

the company's Product Identification business group.

a global network of integration and distribution

Prior to that Mr. Willett was President of Videojet

partners. The company is headquartered close to

Technologies, a leader in coding and marking

Boston in Natick, Massachusetts, USA. Cognex is

products, which is a subsidiary of Danaher.

publicly traded on the Nasdaq stock market.


CEO YEAR AWARDS

PAGE 60

MACHINE VISION INDUSTRY

NORBERT STEIN CEO OF VITRONIC SME CEO OF THE YEAR MACHINE VISION INDUSTRY VITRONIC offers support to international customers through its subsidiaries in North America, Europe, Asia and Australia, as well as through a global network of sales and service partners. Consolidated sales totalled €172 million in 2017 with €59 million of equity across the group. We invested over €14 million in research and development in 2017. VITRONIC machine vision systems are used in a wide range of industrial applications to carry out precise or complex inspection tasks. Our automated solutions ensure the highest quality standards of welded and Dr. Norbert Stein founded VITRONIC

brazed seams and are used, for example, in the

Bildverarbeitungs-systeme GmbH in 1984 and serves as

automotive and aerospace industries. We also offer

its President and Managing Director. Dr. Stein holds a

flexible surface quality inspection for metal workpieces

doctorate in Engineering. Dr. Stein has won numerous

and endless material.

awards including the Entrepreneur of the Year in Germany.

We support the pharmaceutical industry with seamless print, surface and geometry inspection systems, quality

Since VITRONIC was founded in 1984 it has grown

inspection and track-and-trace inspection solutions –

continuously and is currently represented by 1,000

which can also be validated. For manufacturers of solar

employees on four continents. Over 750 employees

cells and modules, we are one of the largest independent

work at our Development, Production, Project Planning,

partners for optical inspection systems, with over 1,000

Sales and Administration departments at company HQ

installations worldwide.

in Wiesbaden.


CEO YEAR AWARDS

PAGE 61

MANUFACTURING SOFTWARE

PETER BOLLINGER CEO OF ITAC SOFTWARE  SME CEO OF THE YEAR MANUFACTURING SOFTWARE

development centre for Dover Technologies in Bangalore. From 2006 to the end of 2011 he was the General Manager of European Operations. In this position he was responsible for the sales and service organisation of Universal Instruments in Europe and helped establish the company as a profitable and continually expanding supplier for the electronics industry. As of 2012 Peter Bollinger will be a Member of the Board of iTAC Software AG and was appointed Chief Executive Officer of iTAC in 2013. iTAC Software AG, an independent company of the During his studies in Measurement and Controlling

mechanical and plant engineering group Dürr, provides

Technology Peter Bollinger was able to gain practical

Internet-enabled information and communication

experience in software development at AEG and Bosch.

technologies for the manufacturing industry. Founded in

Aftergraduation in 1994 as an Engineer (Diplom

1998, the company is one of the leading MES providers in

Ingenieur) he worked in industrial image data

Germany. The iTAC.MES.Suite is a cloud-based

processing and ran the corresponding business unit at

Manufacturing Execution System that is used worldwide

Pulsotronic.

by companies in different industry sectors such as automotive manufacturers and suppliers,

At the end of 2000 Peter Bollinger moved to Universal

electronics/EMS/TC, medical technology, metal

Instruments, an international manufacturer of

processing and energy. Additional services and solutions

machines for automatic assembly of PC boards. During

enable the implementation of Industry 4.0 and IIoT

his time there he held various managerial positions on

requirements. ITAC’s philosophy is connecting people,

an international basis and built up the software

data and systems.


PAGE 62

CEO YEAR AWARDS

METALS INDUSTRY

TIM J. MURRAY CEO OF ALBA CEO OF THE YEAR METALS INDUSTRY Tim has played an instrumental role in the transformation of Alba’s Safety Culture through the implementation of the “ZERO Accident Principles”. In 2017 Tim was recognized as a “CEO Who Gets It” by the US National Safety Council for his contributions on Safety, Health and Environment. In 2017, he led the “Line 5 Recovery” where Alba set the benchmark for the safest and fastest recovery of a Potline. Over the past 5 years under his “Project Titan” initiative he has improved Alba’s operating performance by approximately $250 per metric tonne. Tim has played a pivotal role in the training and development at Alba Tim Murray has been Chief Executive Officer of Alba

including the company’s MBA sponsorship program. He

since October 2012. He has been with Alba since 2007

also led Alba’s IPO in 2010 when the company became

when he joined as General Manager of Finance. During

listed on both the London and Bahrain Stock exchanges.

his time at Alba he has held the roles of Chief Finance & Supply Officer, Chief Financial Officer, and Chief

Aluminium Bahrain B.S.C. (Alba) consistently ranks as one

Marketing Officer.

of the largest and most modern aluminium smelters in the

Tim holds an MBA from Vanderbilt University where he

world. Known for its technological strength and innovative

graduated Beta Gamma Sigma. He also holds a

policies, Alba enforces strict environmental guidelines,

Bachelor of Science in Accounting from Susquehanna

maintains a high track record for safety, and is widely

University. He is a CPA and member of the American

regarded as one of the top performers on a global scale.

Institute of CPAs. He has attended various Executive Management Programs at Wharton and University of Chicago.


CEO YEAR AWARDS

PAGE 63

MINING INDUSTRY

IVAN GLASENBERG CEO OF GLENCORE CEO OF THE YEAR MINING INDUSTRY 

Glencore is one of the world’s largest globally diversified natural resource companies. Founded in the 1970s as a trading company, we have grown to become a major producer and marketer of commodities - employing 146,000 people around the world. Our operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities. Using our sector knowledge and global supply base, we source and market commodities to industrial consumers who need them - such as Ivan Glasenberg joined Glencore in April 1984 and has

steel-makers, vehicle manufacturers, power companies

been Chief Executive Officer since January 2002.

and processors of oil and food. In this way, we produce

Mr Glasenberg initially spent three years working in

and market resources that play an essential role in

the coal commodity department in South Africa as a

modern life.

marketer, before spending two years in Australia as head of the Asian coal commodity division. Between

People are at the heart of our business. That’s why we

1988 and 1989, he was based in Hong Kong as head of

prioritise safety at all our assets; why we seek to

Glencore’s Hong Kong and Beijing offices, as well as

minimise our impacts on the environment and

head of coal marketing in Asia, where his

communities; and why we aim to attract employees

responsibilities included overseeing the Asian coal

who strive to be leaders in their field.

marketing business of Glencore and managing the administrative functions of the Hong Kong and Beijing offices.


CEO YEAR AWARDS

PAGE 64

MINING INDUSTRY

JORDAN TRIMBLE CEO SKYHARBOUR SME CEO OF THE YEAR MINING INDUSTRY

which was acquired by New Gold (TSX: NGD). Mr. Trimble has an extensive network of institutional and retail investors as well as resource industry professionals bringing valuable relationships to the Company. He has appeared on BNN several times and has given presentations at numerous resource conferences across North America. Mr. Trimble has completed the Canadian Securities Course and Technical Analysis Course offered through CSI as well as several geology, exploration and mining courses. Jordan Trimble is the President and Chief Executive

Skyharbour Resources (TSX-V: SYH) (OTCQB: SYHBF) is a

Officer of Skyharbour Resources. Mr. Trimble holds a

preeminent uranium and thorium exploration

Bachelor of Science Degree with a Minor in Commerce

Company with projects located in the prolific

from UBC and he is a CFA® charterholder and serves as

Athabasca Basin of Saskatchewan, Canada which was

a director of the CFA Society Vancouver.

ranked as the best mining jurisdiction to work in globally by the Fraser Institute in 2017.

He has worked in the resource industry in various roles with numerous TSX Venture listed companies specializing in corporate finance and strategy, shareholder communications, marketing, deal structuring and capital raising. Previous to Skyharbour, he managed the Corporate Development for Bayfield Ventures, a gold company with projects in Ontario


CEO YEAR AWARDS

PAGE 65

NATURAL GAS INDUSTRY

DAVID L. STOVER CEO OF NOBLE ENERGY CEO OF THE YEAR  NATURAL GAS INDUSTRY

Earlier in his career, he held a number of engineering, operations and management positions at ARCO Oil and Gas Company. Active in industry and community organizations, Mr. Stover serves on the board of directors and executive committees of the American Petroleum Institute and Junior Achievement in Houston. He also serves as Chairman of Spindletop Charities and is a member of the Business Roundtable, National Petroleum Council and All American Wildcatters Association. He holds a bachelor’s degree in petroleum and natural gas David (Dave) Stover is chairman, president and chief

engineering from Pennsylvania State University and is a

executive officer of Noble Energy, Inc. Mr. Stover brings

member of the Society of Petroleum Engineers.

to his role more than 35 years of oil and gas industry and operational leadership. He was appointed

As an independent exploration and production

Chairman of the Board in April 2015, CEO in October

company, Noble Energy energizes the world by safely

2014 and elected to the board of directors in April 2014.

and responsibly delivering oil and natural gas to the

He previously served as President and Chief Operating

marketplace. Our people are driven by a spirit of

Officer.

innovation and a commitment to our partners and communities. Our purpose and vision of creating

Before joining Noble Energy in 2002, Mr. Stover served

sustainable, mutually beneficial value permeates

as BP’s Vice President and Business Unit Leader for the

everything we do, everywhere we work. We are guided

Gulf of Mexico Shelf and held various onshore and

by a commitment to safety, environmental responsibility

offshore management positions at Vastar Resources.

and innovation.


CEO YEAR AWARDS

PAGE 66

SPAIN

SPAIN GLOBAL MARKET ACCESS FROM A LEADING ECONOMY Spain is the world’s 14th-largest economy and

Spanish companies are among leading companies in

the 5th-largest economy in the EU: GDP worth

the world:

1.4 trillion USD.

▪ 3 out of every 5 flights worldwide are controlled using

Spanish Air Navigation Management systems-ATM. Spain is more than the cultural capital of Europe.

▪ Telefonica is one of the largest telecommunications

It is the world’s 14th-largest economy and the

companies in the world (in terms of market

5th-largest economy in the EU: GDP worth 1.4 trillion

capitalization and number of customers).

USD.

▪ Santander is the 2nd bank in the Eurozone and one of

The 11th-largest exporter of commercial services

the first in the world (stock market capitalization) and

worldwide and the 16th ranked exporter of

BBVA now operates in 40 countries.

merchandise trade.

▪ Mapfre is the largest multinational insurer in Latin

Multinationals in Spain account for 44% of total

America and among the top 10 European insurance

exports from Spain to third Markets. Total exports

companies by premium volume

from Spain amounted 277 Billion € in 2017.

▪ Iberdrola is the 4th-largest utility company in the

International Export Services from Spain - excluding

world (in terms of market capitalization) and the 2nd

Tourism- to third markets reached more than 60

largest wind power operator in USA.

Billion € in 2017. More than 120 Billion € including

▪ The Spanish infrastructure sector is a world leader in

Tourism. According to WTO Spain ranks 11th

foreign markets. ACS Group is the leading international

Worldwide.

contractor in the world, according to the ranking

Spain received 82 million international tourists in

published in 2018 by the specialized publication

2017. Spain is the 2rd country worldwide in number

Engineering News Record (ENR).

of tourist arrivals and 2nd in revenues after USA..


PAGE 67

CEO YEAR AWARDS

Foreign Investment in Spain

SPAIN

Incentives - Spain has got many Institutions that

Spain is the 9th-most open country to Foreign

promote incentives in different calls along the year:

Investment according to OECD’s FDI Restrictiveness

▪ The Centre for Industrial Technological Development

Index.

(CDTI) has got a wide range of grants and loans at

Over 12,500 foreign companies in Spain across all

competitive low interest rate for technological projects.

economic sectors. 70 of the FORBES Top 100

▪ The State Secretariat for Innovation in the Ministry of

companies have branches and 90 out of 100 top R&D

Economy, Industry and Competitiveness (MINECO) also

Companies has a subsidiary according to Thomson

offers support with grants and loans for technological

Reuters. Foreign Companies in Spain account for

projects developed by companies and public bodies

more than 49% of the total industrial turnover yearly

▪ INVEST IN SPAIN/ICEX has developed a program for

and 33% of the industrial employment.

supporting foreign companies up to €200,000 for

US, UK, French, Italian and German Companies are

investments with a high degree of R&D.

the largest investors in Spain.

▪ The National Innovation Company (ENISA) finances

Domestic market of over 46 million consumers: Spain

SMEs up to €1.5 million with participative loans at a very

has a GDP per capita (PPP) above the EU-28 average.

competitive interest rate and with no-guarantee.

Spain grants free access to the world´s largest market,

▪ The Public organization RED.ES promotes the IT

the European Union: more than 500 million

activities of technological companies and start-ups

consumers. Advantages of operating in the EU:

financing investments in infrastructure and equipment.

Intra-European duty-free market.

▪ The International analysis shows that Spain is a

Free movement of goods and services, capital and

country with relatively moderate ratio between Tax

persons.

Revenues (Including Social Security Contributions ) and

Single currency: EUR

GDP (34.4% GDP). Corporate Income Tax Rate: 25%.


CEO YEAR AWARDS

PAGE 68

NUTRITIONAL SUPPLEMENT INDUSTRY

JOHN AGWUNOBI CEO OF HERBALIFE  CEO OF THE YEAR  NUTRITIONAL SUPPLEMENT INDUSTRY

Dr. Agwunobi has been leading the Herbalife Nutrition Institute; the Herbalife Nutrition Advisory Board and the Herbalife Dietetic Advisory Board, and works with the Company’s Ph.D.s and scientists to integrate nutrition science into products. Dr. Agwunobi also works intimately with Herbalife Nutrition independent distributors and customers, ensuring that the Company is continuously innovating in the areas of product development, technology, marketing and corporate sales. Dr. Agwunobi has a broad educational background that includes a master's in public health from Johns Hopkins John Agwunobi, M.D., M.B.A., M.P.H., is dedicated to the

University and a master's in business administration from

Herbalife Nutrition’s purpose of helping make the

Georgetown University. Dr. Agwunobi completed his

world healthier and happier, and brings an

pediatric residency at Howard University and is currently a

accomplished background with a wealth of experience

licensed physician in Florida, Maryland and Washington

to Herbalife Nutrition as a physician, a public health

D.C. He serves on numerous boards including the U.S.

official and a global executive. In his dual role of co-

African Development Foundation, Shopko, Magellan

president and chief health and nutrition officer, Dr.

Health Services, Smart Rx Systems Inc. and Oration

Agwunobi directs the Company’s nutrition philosophy

Health.

and leads the Company's purpose-driven independent

Herbalife Nutrition is a global nutrition company whose

distributors and health conscious customers to live

purpose is to make the world healthier and happier. We

healthier and happier through personalized nutrition

have been on a mission for nutrition - changing people's

and a proven business opportunity. Since joining the

lives with great nutrition products & programs - since

Company as chief health and nutrition officer in 2016,

1980.


PAGE 69

CEO YEAR AWARDS

NUTRITIONAL SUPPLEMENT INDUSTRY

CHAD J. CLAWSON CEO OF NUTRACEUTICAL SME CEO OF THE YEAR NUTRITIONAL SUPPLEMENT INDUSTRY Massachusetts Institute of Technology, and a B.S. degree in Chemistry and a B.S. degree in Electrical Engineering from Utah State University. Nutraceutical is a family of diverse people from all walks of life. We work together from locations around the world to bring you a wide selection of natural health products and nutritional supplements that we proudly stand behind. We are known in the industry as a “vertically integrated” company. This means that for each product, we strive to cover the entire process of manufacturing, marketing, distributing, and selling that product – from beginning to Chad J. Clawson has been Chief Executive Officer of

end – from as close to the farm or ocean or plant as we can

Nutraceutical International Corporation since August

get, to your kitchen cupboard. Our sourcing and quality

23, 2017. Mr. Clawson has over 25 years of professional

control teams pay careful attention to each and every

operating experience in various corporate leadership

ingredient sourced from locations around the world. To

roles, including having served previously as Chairman,

assure exceptional quality, our labs test and retest raw

Chief Executive Officer, President, Director and General

materials, ingredients and products at multiple steps in

Manager of a variety of companies. Mr. Clawson has

the manufacturing process. We are passionate about

provided board level oversight to numerous companies

making healthy products. When you purchase one of our

in nearly every major industry. He served as President of

products, rest assured that we know you bought it for an

Nutrapure, Inc. where he was responsible for four

important reason. You care about taking care of yourself

facilities, 220 employees and a $55 million budget.

and your family. We feel the same way. That’s why we’ve

Mr. Clawson earned a M.B.A. degree, and a M.S. degree

done all we can to make good on our core promise to you

in Electrical Engineering & Computer Science from the

–“Quality Without Exception.”


CEO YEAR AWARDS

PAGE 70

ONLINE RETAIL INDUSTRY

WILLIAM C. RHODES CEO OF AUTOZONE CEO OF THE YEAR ONLINE RETAIL INDUSTRY

For more than 37 years, AutoZone has been committed to providing the best parts, prices and customer service in the automotive aftermarket industry. We have a rich culture and history of going the Extra Mile for our customers and our community. AutoZone is the nation's leading retailer and a leading distributor of automotive replacement parts and accessories with more than 6,000 stores in US, Puerto Rico, Mexico, and Brazil. Each store carries an extensive line for cars, sport utility William C. Rhodes, III, was named Chairman of

vehicles, vans and light trucks, including new and

AutoZone during fiscal 2007 and has been President,

remanufactured hard parts, maintenance items and

Chief Executive Officer and a director since March

accessories. Since opening its first store in Forrest City,

2005. Prior to his appointment as President and Chief

Ark. on July 4, 1979, the company has joined the New

Executive Officer, Mr. Rhodes was Executive Vice

York Stock Exchange (NYSE: AZO) and earned a spot in

President – Store Operations and Commercial.

the Fortune 500. As AutoZone grows, we know our responsibility to the environment grows, and we take it

Previously, he held several key management positions

very seriously. From our stores, to our distribution

with the Company. Prior to 1994, Mr. Rhodes was a

centers, to our transportation fleet, we do all we can to

manager with Ernst & Young LLP. Mr. Rhodes is

meet the needs of the present while protecting our

currently a member of the Board of Directors for Dollar

future.

General Corporation.


CEO YEAR AWARDS

PAGE 71

PAYMENT PROCESSING INDUSTRY

AJAY BANGA CEO OF MASTERCARD CEO OF THE YEAR PAYMENT PROCESSING INDUSTRY

He is a past member of the U.S. President’s Advisory Committee for Trade Policy and Negotiations. Prior to Mastercard, Ajay served as chief executive officer of Citigroup Asia Pacific. During his career at Citigroup, he held a variety of senior management roles in the United States, Asia Pacific, Europe, Middle East and Africa. He also oversaw the company’s efforts in microfinance. Ajay began his career at Nestlé, India, where for 13 years he worked on assignments spanning sales, marketing and general management. He also spent two years with PepsiCo, where he was instrumental in launching its fast Ajay Banga is president and chief executive officer of

food franchises in India as the economy liberalized. He is

Mastercard and a member of its board of directors.

a graduate of Delhi University and the Indian Institute of Management, Ahmedabad.

Ajay is a co-founder of The Cyber Readiness Institute, first vice chairman of the International Chamber of

Mastercard: Beyond mere moments, to meaningful

Commerce and a trustee of the United States Council

experiences. That's the power of a World Beyond Cash®.

for International Business. Ajay is a founding trustee of

And that's Priceless®. For more than 50 years, we've been

the U.S.-India Strategic Partnership Forum, a member

using our technology and expertise to make payments

of the U.S.-India CEO Forum and co-chairs the board of

safer, simpler and smarter. As a technology company, we

directors of the American India Foundation.

connect individuals, businesses and organizations around

Ajay is also a co-chair of the Partnership for New York

the world, creating greater opportunities for all.

City. He served as a member of President Obama’s Commission on Enhancing National Cybersecurity.


CEO YEAR AWARDS

PAGE 72

PERSONAL CARE INDUSTRY

IAN COOK CEO COLGATE PALMOLIVE CEO OF THE YEAR PERSONAL CARE INDUSTRY

Colgate-Palmolive World of Care. Each day, the 38,000 employees of Colgate-Palmolive share a commitment to bringing you safe, effective products. Our 200-year history reflects the strength and innovation that our people have used to constantly transform our Company and identify new opportunities. With global brands sold in over 200 countries and territories, Colgate, Speed Stick, Lady Speed Stick, Palmolive, Ajax, Softsoap and Hill’s pet Nutrition are among the world’s most recognizable household names, trusted and relied upon by consumers everywhere. Mr. Cook joined Colgate-Palmolive in the United

Our three fundamental values – Caring, Global

Kingdom in 1976 and progressed through a series of

Teamwork and Continuous Improvement – are part of

senior management roles around the world.

everything we do. The company cares about people: Colgate-Palmolive people, customers, shareholders and

He became Chief Operating Officer in 2004, with

business partners. Colgate-Palmolive is committed to

responsibility for operations in North America, Europe,

act with compassion, integrity, honesty and high ethics

Central Europe, Asia and Africa. In 2005, Mr. Cook was

in all situations, to listen with respect to others and to

promoted to President and Chief Operating Officer,

value differences. The Company is also committed to

responsible for all Colgate-Palmolive operations

protect the global environment, to enhance the

worldwide, and was promoted to Chief Executive

communities where Colgate-Palmolive people live and

Officer in 2007. Elected director in 2007 and Chairman

work, and to be compliant with government laws and

in 2009.

regulations.


CEO YEAR AWARDS

PAGE 73

PETROLEUM INDUSTRY

RYAN M. LANCE CEO OF CONOCOPHILLIPS CEO OF THE YEAR PETROLEUM INDUSTRY production, regional responsibility at various times for Asia, Africa, the Middle East and North America, and responsibility for technology, major projects, downstream strategy, integration and specialty functions. Externally, Ryan is a board member of the National Fish and Wildlife Foundation, and a trustee of both the George H.W. Bush Library Foundation and PGA Reach. He is also an advocate for charities benefiting youth through his service on the boards of Spindletop International and the Montana Tech Foundation, and on the advisory council of the University of Texas Energy Institute. He is a past Ryan M. Lance has served as chairman and chief

chairman of the American Petroleum Institute and

executive officer of ConocoPhillips, the world’s largest

currently serves on its Executive Committee.

independent exploration and production company

Ryan is a member of the Society of Petroleum Engineers,

based on production and reserves, since 2012. He is also

and earned a Bachelor of Science degree in petroleum

chairman of the Executive Committee for

engineering from Montana Tech in Butte in 1984.

ConocoPhillips. ConocoPhillips is the world’s largest independent E&P Ryan is a petroleum engineer with 33 years of oil and

company based on production and proved reserves.

natural gas industry experience in senior management

Across our 17 countries of operations, 11,100 people work in

and technical positions with ConocoPhillips,

a truly integrated way to find and produce oil and natural

predecessor Phillips Petroleum and various divisions of

gas. ConocoPhillips is committed to the efficient and

ARCO. His past ConocoPhillips assignments included

effective exploration and production of oil and natural gas.

responsibility for international exploration and


CEO YEAR AWARDS

PAGE 74

PETROLEUM INDUSTRY

GRAEME L. FAWCETT CEO OF ATLANTIC PETROL SME CEO OF THE YEAR  PETROLEUM INDUSTRY The Atlantic Petroleum Group comprises the Faroes based parent company P/F Atlantic Petroleum and its five 100% owned subsidiaries in UK, Norway, Ireland and Netherlands. Atlantic Petroleum Plc, established in 1998 and is listed on NASDAQ OMX Copenhagen is a whole of life oil and gas company active in all phases of the associated value chain, continually seeking to build and optimise its licence portfolio by the development and maturing of existing licences, as well as acquiring new licences through licensing rounds, or by the farming into licences held by Graeme brought significant expertise and know-how to

others.

the Company having worked in the oil and gas industry for over 35 years.

The Company’s strategy is augmented through a commitment to further grow via M&A opportunities as

Over this time, he has worked throughout the world

well as maintaining its established focus on development

with major operators, as well as leading EPCI

opportunities in North West Europe, particularly the North

Contractors, gaining wide expertise in a range of

Sea, the Atlantic Margin and beyond whilst keeping its

commercial, technical and legal activities, both on

portfolio in balance to ensure a steady flow of projects to

onshore and offshore oil and gas developments,

grow value and reserves.

including the creation, execution and completion of project and investment strategies. He holds Mechanical Engineering and Legal qualifications. 


CEO YEAR AWARDS

PAGE 75

PHARMACEUTICAL INDUSTRY

KENNETH C. FRAZIER CEO OF MERCK CEO OF THE YEAR PHARMACEUTICAL INDUSTRY

Mr. Frazier joined the company in 1992 as Vice President, General Counsel and Secretary of the company’s joint venture 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 to 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 of the Board in December 2011. Kenneth C. Frazier is Chairman of the Board and Chief

Merck is a global healthcare company with a 125-year

Executive Officer of Merck & Co., Inc. Under Mr. Frazier’s

history of working to make a difference.

leadership, Merck is delivering innovative lifesaving

Our company is known as Merck in the United States and

medicines and vaccines as well as long-term and

Canada. Everywhere else, we are known as MSD. Our rich

sustainable value to its multiple stakeholders.

history of discovery and innovation began more than 125 years ago and continues today. Through the years, our

Mr. Frazier has substantially increased Merck’s

researchers have helped to find new ways to treat and

investment in research, including early research, while

prevent illness in people and animals around the world.

refocusing the organization on the launch and growth

We've done great things in the past. Today, we're doing

of key products that provide benefit to society. He has

great things for the future.

also led the formation of philanthropic and other initiatives that build on Merck’s 125-year plus legacy.


CEO YEAR AWARDS

PAGE 76

PRINTING INDUSTRY

MINORU USUI CEO OF EPSON CEO OF THE YEAR PRINTING INDUSTRY

After being appointed president in 2008, Usui began planning Epson's mid- and long-range growth strategy amid the harsh economic environment that followed the international financial crisis. These plans eventually culminated, in 2009, with the announcement of Epson's SE15 long-range corporate vision. Under this plan, Usui was able to transition Epson to a company capable of generating steady cash flow by focusing on Epson's strengths, by shifting to new business models and product portfolios in existing businesses, by developing new business domains, and by rebuilding the Ever since joining Epson, Minoru Usui, who became

corporate structure.

president in 2008, has relentlessly pursued the development and perfection of new technologies that

Since it was founded more than 70 years ago Epson has

would open up future avenues for Epson.

continued to produce innovative products and services based on its efficient, compact and precision

When Usui began his career with Epson in 1979, printer

technologies. As embodied by our "Exceed Your Vision"

companies had started to explore new printing

corporate tagline, we have focused our corporate ethos of

systems to replace the impact printers that were

creativity and challenge on exceeding the expectations of

prevalent at the time. The encounter between Epson

our customers around the world with the ultimate aim of

and Usui at the dawn of the inkjet printer age proved

becoming an indispensable company for both our

to be fortuitous for both. Usui spent his first few years

customers and for society in general.

with the company planning and designing miniprinters for calculators.


CEO YEAR AWARDS

PAGE 77

REAL ESTATE INDUSTRY

HUSSAIN SAJWANI CEO OF DAMAC CEO OF THE YEAR REAL ESTATE INDUSTRY

DAMAC Properties has been at the forefront of the Middle Eastâ&#x20AC;&#x2122;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, having delivered over 24,000 homes, with a development portfolio of more than 40,000 units at various stages of progress. This includes 10,000 hotel rooms, serviced hotel apartments Hussain Sajwani, a UAE national, is the founder and

and hotel villas that will be managed by its wholly -

Chairman of global property development Company,

owned DAMAC Hotels & Resorts.

DAMAC Properties. A graduate from the University of Washington, he started his career as a Contracts

DAMAC Properties prides itself on its uncompromising

Manager in GASCO, a subsidiary of ADNOC (Abu Dhabi

commitment to service excellence, whether we are

National Oil Company). After a short period, he

helping a young couple choose the perfect family home

established his own business and in 1982 started his

or advising investors on properties offering the best

own catering venture.

investment returns. This is why DAMAC Properties is

"DAMAC is globally recognised as a market leader for

recognised as one of the leading luxury developers in the

its innovative property offerings, its award-winning

Middle East.

architectural designs and its commitment to delivering luxury living experiences across more than 100 million square feet of master communities."


PAGE 78

CEO YEAR AWARDS

REAL ESTATE INDUSTRY


CEO YEAR AWARDS

PAGE 79

REAL ESTATE INDUSTRY

DATUK KAMALUL ARIFIN CEO OF PNB (SME) CEO OF THE YEAR REAL ESTATE INDUSTRY

Datuk Kamalul Arifin was the Group Managing

Datuk Kamalul Arifin holds a Bachelor of Estate

Director/Chief Executive Officer of Pelaburan Hartanah

Management (Honours) from Universiti Teknologi MARA

Berhad since its inception from 2006 until 2018. He is

and Masters Degree in Business Administration from

a Chartered Surveyor by training with more than 30

Ohio University, Athens, United States of America.

years of experience in the real estate sector. He is a Fellow of both the Royal Institution of Chartered He started his career in 1985 with Rahim & Co.

Surveyors, United Kingdom and the Royal Institution of

Chartered Surveyors Sdn Bhd before moving on to

Surveyors Malaysia. He received his leadership education

Permodalan Nasional Berhad in 1988. He then joined

at the Wharton School of the University of Pennsylvania,

Arab-Malaysian Merchant Bank Berhad (now Ambank

Harvard University and the SAID Business School,

Group) in 1991 and remained with the Group for 16

University of Oxford.

years with his last position as the Chief Executive Officer of AmProperty Trust Management Berhad

Pelaburan Hartanah Berhad (PHB) is a real estate

which managed the first listed property trust in the

investment holding company, a wholly owned operating

country.

subsidiary of Yayasan Amanah Hartanah Bumiputera (YAHB). It was established on 8 May 2006 with the aim to

Datuk Kamalul Arifin is the first President of the

boost Bumiputera ownership of prime commercial real

Malaysian Institute of Property and Facility Managers

estate assets in Malaysia.

for the year 2011/2012. He was also an Adjunct Professor with the Faculty of Built Environment, University of Malaya for the year 2015/2016.  He has participated in many conferences as Speaker and Moderator and has written various articles related to the property industry for professional journals and publications.


PAGE 80

CEO YEAR AWARDS

RENEWABLE ENERGY INDUSTRY


CEO YEAR AWARDS

PAGE 81

RENEWABLE ENERGY INDUSTRY

JAMES BUSKOWITZ CEO BUSKOWITZ GROUP CEO OF THE YEAR  RENEWABLE ENERGY INDUSTRY

James Buskowitz has been leading the Buskowitz

The Buskowitz Group started as part of an endeavor to

Group Infrastructure Development, Renewable Energy

cut the electric costs in the family-owned and run hotel,

and Financing & Investment arm since its inception

Monaco Suites de Boracay. Having been educated in

and has founded several successful businesses such as

Germany and being familiar with the efficiency of solar

Energy Renewables Asia, Inc., Buskowitz Development

power, Founder and CEO, James Buskowitz decided to

Inc. and Buskowitz Finance Inc.

go solar for his family resort. The difficulty in finding a company that promised and

Within only one year, James was able to establish a

delivered excellent quality and service led to the

strong renewable energy portfolio and acquire over

realization that there was significant potential in the

20% market share within the Renewable Energy sector

Philippines’ solar energy sector. In 2012, Buskowitz

in the Philippines, more specifically in the Solar

founded ERA Energy Renewables Asia, an engineering,

Photovoltaic (PV) Rooftops.

procurement, and construction company for solar panel installations and solar systems.

James' view in developing a large renewable asset and

Shortly after, Buskowitz Finance was founded to answer

infrastructure base is not only for its own development

the development and financial needs of clients. The

interests but to contribute to the low carbon future

Buskowitz Group was the first in the country to offer

initiative while servicing the growing energy demand

solar leases and solar loans, making it easier and faster

challenges facing the Philippines and the South East

for companies and individuals to go choose renewable

Asia region.

energy solutions.

James specializes on Project & Corporate Finance,

As the companies grew in both size and market share,

Mergers & Acquisition and Investment management;

the Buskowitz Group centered all endeavors on the goal

and is also heavily involved in all property aspects

of providing renewable energy solutions through solar

including land acquisition, construction, planning and

photovoltaic installations, choosing to focus on solar

design and asset management.

panel rooftop installations and solar leases or loans.


CEO YEAR AWARDS

PAGE 82

RETAIL INDUSTRY

JEFF GENNETTE CEO OF MACY'S CEO OF THE YEAR RETAIL INDUSTRY

general merchandise manager for men’s and children’s. In 2004, Gennette was appointed executive vice president and director of stores at Macy’s Central in Atlanta. During his career, he also served as a store manager for FAO Schwarz and director of stores for Broadway Stores, Inc. From February 2006 to February 2008, Gennette served as chairman and chief executive officer of Seattle-based Macy’s Northwest. Gennette returned to San Francisco from February 2008 to February 2009 as chairman and CEO of Macy’s West. Gennette, a native of San Diego, is a graduate of Stanford University. Jeff Gennette was elected chief executive officer of Macy’s, Inc. in March 2017 and assumed the role of

Macy’s, Inc. is one of the USA’s premier retailers. With

chairman in February 2018. Gennette previously held

fiscal 2017 sales of $24.837 billion and approximately

the role of president of Macy’s, Inc. since 2014. Prior to

130,000 employees, the company operates

that, he was chief merchandising officer of Macy’s, Inc.,

approximately 690 department stores under the

a position to which he was appointed in February

nameplates Macy’s and Bloomingdale’s, and more than

2009.

180 specialty stores that include Bloomingdale’s The Outlet, Bluemercury, Macy’s Backstage and STORY.

Gennette began his retail career in 1983 as an

Macy’s, Inc. operates stores in 44 states, the District of

executive trainee at Macy’s West in San Francisco. He

Columbia, Guam and Puerto Rico, as well as macys.com,

held positions of increasing responsibility, including

bloomingdales.com and bluemercury.com.

vice president and division merchandise manager for

Bloomingdale’s stores in Dubai and Kuwait are operated

men’s collections, and senior vice president and

by Al Tayer Group LLC under license agreements.


CEO YEAR AWARDS

PAGE 83

SHIPPING INDUSTRY

SØREN SKOU CEO OF MAERSK CEO OF THE YEAR SHIPPING INDUSTRY

A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs roughly 79,900 people. From the farm to your refrigerator, or the factory to your wardrobe, A.P. Moller - Maersk is developing solutions that meet customer needs from one end of the supply chain to the other. We carry millions of tons of cargo every single day. Our vast network covers over 300 ports in more than 120 countries, giving you a fast, reliable and Søren Skou has been CEO of A.P. Møller Mærsk A/S

regular connection to all corners of the globe.

since June 2016. As of October 2016, CEO of the Transport & Logistics division. Since 2012, Søren Skou

A.P. Moller - Maersk consists of Maersk, APM Terminals,

has been CEO of Maersk Line, encompassing

Damco, Svitzer and Maersk Container Industry. The

Safmarine, MCC and Seago Line, and has been a

mission of these businesses is to enable and facilitate

member of the Executive Board since 2007.

global supply chains and provide opportunities for our customers to trade globally. A.P. Moller - Maersk has a

Søren Skou joined Maersk in 1983. Over the next

storied past, and we are proud of our long history. Our

decade and a half, he held various positions in Maersk

history is part of our platform for future success and thus

Line, with roles in Copenhagen, New York and Beijing.

intimately linked to our present activities and future

In 1998 he joined Maersk Tankers, where he was CEO

goals.

from 2001 to 2011.


CEO YEAR AWARDS

PAGE 84

SNACKING INDUSTRY

DIRK VAN DE PUT CEO OF MONDELEZ CEO OF THE YEAR SNACKING INDUSTRY

Before joining McCain, he was President of the Global OTC Division of Novartis Inc., a Swiss pharmaceutical company. Prior to Novartis, Dirk spent more than a decade with Groupe Danone, a maker of dairy, water, baby food and clinical nutrition products. He held various senior-level positions before becoming President of the Americas Division and joint President of the Fresh Dairy Division. In the first 15 years of his career, Dirk held many sales and marketing roles in Europe and Latin America for Mars Inc., as well as The Coca Cola Company, where among others, he was President, Coca Cola Caribbean. Dirk Van de Put became CEO of Mondelēz

Dirk holds a doctorate in veterinary medicine from the

International and joined the company’s Board of

University of Ghent, Belgium, and a post-graduate in

Directors in November 2017. Dirk became Chairman on

marketing and management. He is fluent in Dutch,

April 1, 2018. Dirk joined the company from McCain

English, French, Spanish, Portuguese.

Foods Limited, a $9.1 billion CAD ($7.3 billion USD) privately held Canadian company that is the largest

At Mondelēz International, our purpose is to empower

marketer and manufacturer of frozen french fries,

people to snack right. We will lead the future of snacking

potato specialties and appetizers with sales in more

around the world by offering the right snack, for the right

than 160 countries. Under his leadership as President

moment, made the right way. That means delivering a

and CEO since 2011, McCain has grown net sales by

broader range of delicious, high-quality snacks that

more than 50 percent, generating three-quarters of

nourish life's moments, made with sustainable

that growth organically, and EBITDA has grown

ingredients and packaging that consumers can feel good

double-digits for each of the past six years.

about.


CEO YEAR AWARDS

PAGE 85

TELECOMS INDUSTRY  

JM ÁLVAREZ-PALLETE CEO OF TELEFONICA CEO OF THE YEAR TELECOMS INDUSTRY

Co. in 1988. After this, in 1995, he joined the Compañía Valenciana de 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 is a company that is aware of the new challenges posed by today’s society. This is why we offer the means to facilitate communication between people, Mr. José María Álvarez-Pallete López has a degree in

providing them with the most secure and state of the art

Economics from the Complutense University of

technology in order for them to live better, and for them

Madrid. He also studied Economics at the Université

to achieve whatever they resolve.

Libre of Brussels (Belgium), holds an International Management Programme (IMP) from IPADE Business

An innovative and attentive spirit with an immense

School and an Advance Research Degree from the

technological potential that multiplies the ability to

Complutense University of Madrid.

choose of its more than 346 million clients. Telefónica operate in 17 countries and has a presence in 24, with

Since April 8th 2016 he is Chairman & CEO of

and an average of 127,000 professionals. Telefónica is a

Telefónica S.A. and Member of the Board of Telefónica

100% listed company with more than 1.3 million

S.A., position he holds since July 2006. He began his

shareholders, traded in several of the most important

professional career at Arthur Young Auditors in 1987,

stock markets around the world.

before joining Benito & Monjardín/Kidder, Peabody &


CEO YEAR AWARDS

PAGE 86

TELECOMS INDUSTRY

GENNADY KLEMESHEV CEO OF KOLK GROUP SME CEO OF THE YEAR TELECOMS INDUSTRY

and traveler, friend and companion of Thor Heyerdahl, and the head of the television program "Traveler's Club." Gennady's most famous show - "The First International Festival of Oriental Martial Arts" - was held in Moscow for three days. Within the telecast "Traveler's Club", on the basis of this show a number of television programs were created and aired. Gennady worked on Russian television he aired his own program "Immortal Warrior" - about the eastern types of martial arts. In 1998 - he founded Transitec Ltd - telecommunication company, which he successfully sold in 2001. In 2002 he founded Kolk Group, Inc.(NY Company), where he works today. Gennady Klemeshev is the President and CEO of Kolk Group Inc. He has 19 years of experience in the

Kolk Group, Inc., operates in the market since 2002. We are

telecommunications field and has represented the

professionals in the field of VoIP technologies and develop

interests of private U.S. telecommunications companies

software. We offer VoIP termination and and fax systems

in the United States, China, Taiwan, Pakistan, Singapore

with the ability to easily automate business transactions

and Russia.

and processes. We offer you a carrier-class platform of unified communications CHiWAO. Integration of platform

In 1983 he graduated from the Moscow Aviation

with B2B, B2C trading portals, may maximize the sale of

Institute (State University of Aerospace Technologies).

any goods and services, increase the profitability of trading

After graduation he worked in the aerospace industry.

platforms themselves. In other words: Greatly improve the

In 1988, he founded Tonex Ltd. He was engaged in

efficiency and increase sales. Our solution platform

organizing large concerts and shows. Sponsored by the

CHiWAO, unite all buyers and sellers, including B2B, B2C

telecast of Yuri Senkevich, the famous Russian scientistÂ

market segments.


CEO YEAR AWARDS

PAGE 87

VIRTUALIZATION INDUSTRY

DAVE ZABROWSKI CEO OF DATACORE SME CEO OF THE YEAR VIRTUALIZATION INDUSTRY

Enterprise Computer Organization, a $2.5B business selling servers, storage and PCs to Global enterprises. Before, 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 board of directors at the age of 33, at the time the youngest in the history of the company. After leaving HP, Dave was CEO of Neterion where he led the company from an early start-up to the market share leader in networking virtualization and secured OEM contracts with HP, IBM, EMC, Hitachi and Fujitsu. Dave earned a Bachelor of Science degree in Dave founded Cloud Cruiser in 2009 to create the

Electrical Engineering from Purdue University and an

industry’s first solution to meter and manage cloud

MBA from UCLA.

usage and costs. DataCore bridges the gap between the enterprise’s need Post funding in July 2010, the company launched and

to achieve real-time business and to leverage current and

has grown to be the recognized leader delivering

future IT assets to maximize resource utilization. We

unique offerings to take full advantage of the low cost

pioneered software-defined storage. Our patented

promise of the cloud for enterprises and service

technology overcomes I/O bottlenecks, delivering

providers worldwide. Pay-as-you-go cloud services

dramatic performance improvements, and delivers high

simply require a unique application to manage and

availability in a very simple and cost-effective way. Over

optimize for business agility and competitive

10,000 deployments have the advantage of using

advantage. Prior to Cloud Cruiser Dave spent 16 years

DataCore.

with HP where he was VP and General Manager of the


CEO YEAR AWARDS

PAGE 88

VIRTUALIZATION INDUSTRY

PAT GELSINGER CEO OF VMWARE CEO OF THE YEAR VIRTUALIZATION SOFTWARE INDUSTRY

Gelsinger earned a master's 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 an Honorary Doctorate of Letters from William Jessup University. He holds seven patents in the areas of VLSI design, computer architecture and communications. This year, VMware celebrates 20 years as an industry Pat Gelsinger has been serving as CEO of VMware since

pioneer. When the company launched in February 1998,

September 2012, nearly doubling the size of the

we transformed the data center forever by

company during his tenure. He brings more than 35

mainstreaming virtualization, the core principle of

years of technology and leadership experience.

cloud computing. Twenty years later, we remain just as

Before joining VMware, Gelsinger led EMC's

focused on innovating in everything we do, and

Information Infrastructure Products business as

committed to solving the most difficult technology

president and COO. A respected IT industry veteran, he

problems for our customers. We apply the same

was at Intel for 30 years becoming the company’s first

principles of virtualization and software innovation to

CTO and driving the creation of key industry

securely connect, manage and automate the world's

technologies including USB and Wi-Fi. He led Intel to

complex digital infrastructure. And there's so much

be the dominant supplier of the microprocessor –

more to come.

while in the significant role as the architect of the original 80486 processor.


CEO YEAR AWARDS

PAGE 89

WATER INDUSTRY

OLIVIA LUM CEO OF HYFLUX CEO OF THE YEAR WATER INDUSTRY

many national and international business councils. She also sits on the boards of International Enterprise Singapore, Singapore Technologies Engineering Ltd and Singapore Mediation Centre. Ms Lum has received many accolades for her entrepreneurial achievements including the 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. Ms Lum holds an Honours degree in Chemistry from the National University of Singapore.                                                           Ms Lum is the Executive Chairman and Group Chief

As a global leader in sustainable solutions, focusing on the

Executive Officer. She heads the Board's Investment

areas of water and energy, Hyflux is committed to

Committee and is a member of the Nominating

providing cost-effective and innovative solutions that

Committee.

contribute to resource optimisation and sustainable

Ms Lum started corporate life as a chemist with Glaxo

growth for communities and industries. A specialist in

Pharmaceutical and left in 1989 to start up Hydrochem

water treatment and among the top global desalination

(S) Pte Ltd, the precursor to Hyflux Ltd. Managing the

plant providers, Hyflux is distinctive in its ability to address

Group for more than 25 years now, Ms Lum is the

the challenges at every point of the entire water value

driving force behind Hyflux's growth and business

chain. In the area of energy, the company has expanded

expansion, and is responsible for policy and strategy

from energy generation and retail to include waste-to-

formulation as well as corporate direction.

energy, providing clean and renewable energy.

A former Nominated Member of the Singapore Parliament, Ms Lum is currently a member of the


CEO YEAR AWARDS

PAGE 90

WATER INDUSTRY

ERIC HOEK CEO OF WATER PLANET SME CEO OF THE YEAR WATER INDUSTRY

npj Clean Water – a Nature publishing group online, open access scientific journal. Dr. Hoek has a Ph.D. in Engineering from Yale University and completed UCLA’s Anderson School of Management, Executive MBA Program. Water Planet exists to advance next-generation water purification, reuse and desalination solutions needed to achieve global water sustainability in our lifetime. Our vision is to help inventors, early stage businesses and established companies to accelerate the commercialization and market adoption of innovative Dr. Eric Hoek has over 20 years of experience in water

water technologies that will contribute to global water

treatment research, education, philanthropic,

sustainability in our lifetime.

consulting and entrepreneurial activities. We are more than consultants or advisors. We are true Dr. Hoek has co-founded numerous successful water

partners who bring capital resources, strategic

technology businesses including NanoH2O, NanoMem

guidance and vast industry connections to help you

Consulting, Water Planet, PolyCera, IntelliFlux and

accelerate the commercialization of new products and

MembranePRO. Dr. Hoek has been an engineering

your business’ growth.

professor at UC Riverside and UCLA since 2002 with over 130 peer-reviewed scientific publications and over 70 patents filed globally. He is co-editor of the John Wiley & Sons Encyclopedia of Membrane Science and the Editor in Chief of the 


CEO YEAR AWARDS

PAGE 91

WASTE MANAGEMENT INDUSTRY

MIKE SANGIACOMO CEO OF RECOLOGY  CEO OF THE YEAR WASTE MANAGEMENT INDUSTRY

President of South Bay Recycling, LLC, a joint venture between Recology and Potential Industries of Wilmington, CA. Mike earned a Bachelor’s of Science in Business Administration from the University of San Francisco. The Recology mission represents a fundamental shift from traditional waste management to resource recovery. Our vision at Recology is to create a world without waste by developing and discovering sustainable resource recovery practices that can be implemented globally. President and Chief Executive Officer of Recology. As Chief Recologist, Mike Sangiacomo has led and

This begins by building an exceptional Resource

inspired many of Recology’s innovative recycling and

Ecosystem – one that both protects the environment and

diversion programs.

sustains the local community. It’s a ‘closed loop’ ecosystem that makes it possible for the communities

Mike has served as Recology’s Chief Executive and a

Recology serves to achieve high landfill diversion and

director since 1990. From August 1988 to November

meet sustainability goals.

1990, he served as Chief Financial Officer of Recology. Mike serves as a director and an executive officer of all of Recology’s subsidiaries. He is also an executive officer of Nortech Waste LLC, a joint venture in which the Company is a minority investor, and serves as 


CEO YEAR AWARDS

PAGE 92

WASTE MANAGEMENT INDUSTRY

ROBERT NIVEN CEO OF CARBONCURE SME CEO OF THE YEAR WASTE MANAGEMENT INDUSTRY

and technology development including the Canada’s Top 40 Under 40, the 2016 Ernest C. Manning Innovation Award, and the Cleantech Group’s Top 100 Global Cleantech Companies. He holds an MSc in Environmental Engineering from McGill University and a BSc in Chemistry from the University of Victoria. Back in 2007, CarbonCure set out to reduce the carbon footprint of the concrete industry. We now find ourselves at the forefront of a movement to turn waste carbon dioxide (CO2) into a valuable commodity concrete. This new industry of carbon utilization is Robert is Founder and Chief Executive Officer of

expected to become a $1 trillion industry, and reduce

cleantech developer CarbonCure Technologies. Robert

global greenhouse gases by up to 15%, by the year 2030.

is a cleantech entrepreneur inspired to find profitable,

CarbonCure is the world leader in CO2 utilization

sustainable and scalable solutions for the cement and

technologies for the cement and concrete sector. Its

concrete sectors. He is part of the global race to

retrofit technology chemically mineralizes waste

develop affordable carbon-negative concrete at scale.

carbon dioxide during the concrete manufacturing process to make greener and stronger concrete. The

Robert has earned a reputation of uncovering

CarbonCure Technology is being used by concrete

innovative ways to raise profits, lower greenhouse

producers across North America to reduce concrete’s

gases and improve the material performance of the

carbon footprint, create new production cost savings

world’s most abundant man-made material – concrete.

and gain a competitive sales advantage. Concrete

Robert has received countless international awards

plants are retrofitted in a single day.

recognizing his leadership in sustainability, innovation


CEO YEAR AWARDS

PAGE 93

WEALTH MANAGEMENT INDUSTRY

GREG FRIEDMAN CEO OF PRIVATE OCEAN SME CEO OF THE YEAR WEALTH MANAGEMENT INDUSTRY

which he grew from a sole proprietorship into a nationally recognized wealth management firm. In 2002, Greg’s quest to involve and empower clients led him to found Junxure, a technology platform for delivering premium client service. In 2007, Friedman & Associates earned the coveted Schwab IMPACT® award for Best-in-Tech for their innovative use of the CRM to enhance the client experience. In 2015, Greg authored Advisory Leadership: Using the Seven Steps of Heart Culture to Create Lasting Success for Any Wealth Management Firm, a practical and highly executable guide for financial advisors and Greg is a tireless advocate for Private Ocean clients. He

finance professionals looking to thrive in today’s

never stops conceiving and implementing new ways

changing financial services industry.

to improve their wealth management experience – and their quality of life.

Founded by Richard Stone and Greg Friedman in 2009, Private Ocean combined two of the oldest

As Private Ocean CEO, Greg leads the development of

privately-held wealth management firms in the San

new systems and services; sits on the investment

Francisco Bay Area – Salient Wealth Management and

committee; sets technology strategy for the firm, and

Friedman & Associates. In 2018, we continued our

works directly with clients on financial planning and

growth when the firm acquired Seattle-based Lakeview

investment strategy. He also maintains close

Financial. Throughout our continued evolution, our

partnerships with respected trust and estate attorneys

culture, shared values and philosophy on client service

and accountants who serve high net worth individuals.

has kept us true to our commitment to deliver personal

In 1991, Greg established Friedman & Associates,

and powerful wealth management to our clients.


CEO YEAR AWARDS

PAGE 94

BRITISH COLUMBIA

BRITISH COLUMBIA -  A VIBRANT TRADE   INVESTMENT ENVIRONMENT  British Columbia, Canada has one of North

Workforce: We have a growing labour pool of more

America’s most competitive, flexible, and

than 2.4 million workers in British Columbia. Our highly

supportive business climates.

educated, multi-lingual and motivated workforce is responsive to the needs of businesses across industry

We consistently receive favourable credit ratings. Our

sectors. Our highly educated workforce thrives in a

vast resources, competitive taxes, stable and

culture of innovation.

well-regulated financial system and fiscally responsible government attract investment from around the world.

Business Incentives: Our provincial tax credits, exemptions and deductions help businesses invest and

Global Access: Our strategic location on Canada’s Pacific

innovate. Attractive business incentives can help your

coast places British Columbia at the commercial

company prosper.

crossroads of Asia-Pacific and North America. We are close to key markets and duty-free access to the U.S. and

Low Business Costs: The cost of doing business in

Mexico. Businesses using our ports take advantage of the

British Columbia can be lower than in other locations in

shortest sea route from Asia to North America, which are

North America. Our corporate income tax rates and the

seamlessly connected to all major U.S. economic centres

cost of labour, power and facilities give companies in

by secure, reliable road and rail networks.  

British Columbia a competitive edge. Low operating costs contribute to an outstanding business climate.

Investment Opportunities: British Columbia offers investment opportunities in many industry sectors, from

World-Class Quality of Life: Our high quality of life

resource extraction and development to advanced

draws and retains skilled and creative people. This

technology and knowledge-based industries.

makes it easier for businesses to find and retain talent.


PAGE 95

CEO YEAR AWARDS

BRITISH COLUMBIA

Developing our natural resources, expanding our

Mining: Already known as a global centre for mining

knowledge-based economy, tapping into our

activity, British Columbia’s strategic Pacific Rim

spectacular setting and vibrant cultural life and

location and abundant mineral, coal and gas resources

enhancing our infrastructure to serve markets at home

provide rich investment potential..  

and abroad – all represent exciting opportunities for investors.

Natural Gas: British Columbia has significant opportunities for investment in Canadian natural gas

Agrifoods: Businesses in British Columbia’s agrifoods

and LNG. With world demand increasing,

sector serve the global marketplace. With our diverse

breakthroughs in drilling technology, and strong

and growing selection of agrifood products including

competitive advantages in the liquefied natural gas

Canadian wine and seafood, our international reputation

market, there is strong growth potential this sector.

for high food safety standards and our favourable location for international shipping, our agrifoods sector

Technology: British Columbia, Canada's reputation for

is well positioned for growth and investment.  

technology innovation provides a range of investment opportunities in information and communications,

Forestry: With leading market share in the United

clean technology, film, television and digital media and

States, China, Japan and South Korea, British Columbia,

life sciences.

Canada is one of the world’s largest exporters of wood products including wood, pulp, timber, lumber and

Tourism: British Columbia is a premiere outdoor

other forest products. Our forest industry has attractive

destination, with tremendous potential to increase

investment opportunities in mills, forestry operations,

commercial recreation and adventure tourism.  

the manufacturing of high-quality forest products.


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