Australian Manny Stul named EY Entrepreneur of the Year
Manny Stul, Chairman and Co-CEO of Melbourne’s Moose Enterprise, was recently named EY World Entrepreneur of the Year 2016 at a ceremony held in Monaco’s Salle des Etoiles.
The child of Polish refugee parents, Stul worked in construction before starting his first business, a gift company called Skansen. He took over Moose, a toy company, in the year 2000. At the time it had just 10 employees.
In his 16 years at the helm, Stul has increased Moose’s sales by 7,200 percent and established a global enterprise that is now the fourth largest toy company in Australia and, by sales, the sixth largest in the US.
Moose sells its toys, including the popular Shopkins characters, in more than 80 countries worldwide.
Rebecca MacDonald, Founder and Executive Chair of Just Energy Group and Chair of the World Entrepreneur of the Year judging panel, said:
“Our unanimous decision was reached after long and tough deliberations. Manny was our choice, not only due to his impressive growth, but also because the business he has nurtured has shown sustained global success. His mettle was tested when Moose faced a product recall that would have overcome less resilient and well-managed businesses.
“All of our finalists were worthy winners and demonstrated so many qualities that we were looking for, including an ability to respond to disruption. However, it was Manny who impressed us most across our diverse judging criteria.”
This marks the second year in a row that a former refugee was given the EY award. Last year’s winner was Mohed Altrad of construction products supplier Altrad Group.
Stul himself said of the win: “I’m honored and delighted to receive this prestigious award for Moose, our employees and for Australia. I was up against an amazing group of entrepreneurs and have been inspired by their stories. We are a company that succeeds by focusing on innovation with integrity and a clear purpose to make children happy.”
Business Chief Legend: Ho Ching, CEO of Temasek
Ask Singaporeans who Ho Ching is, and the majority will answer the ‘wife of Prime Minister Lee Hsien Loong’. And that’s certainly true. However, she’s also the CEO of Temasek Holdings, Singapore’s sovereign wealth fund, and one of the world’s largest investment companies.
Well, she is until October 1, 2021, as she recently announced she would be retiring following 16 years as CEO of the investment giant.
Since taking the reins in 2004, two years after joining Temasek as Executive Director, Ho has gradually transformed what was an investment firm wholly owned by Singapore’s Government into an active investor worldwide, splashing out on sectors like life sciences and tech, expanding its physical footprint with 11 offices worldwide (from London to Mumbai to San Francisco) and delivering growth of US$120 billion between 2010-2020.
Described by Temasek chairman Lim Boon Heng as having taken “bold steps to open new pathways in finding the character of the organisations”, Ho is credited with building Temasek’s international portfolio, with China recently surpassing Singapore for the first time.
As global a footprint as Ho may have however, she has her feet firmly planted on Singapore soil and is committed to this tiny city-state where she was not only educated (excluding a year at Stanford) but has remained throughout her long and illustrious career – first as an engineer at the Ministry of Defence in 1976, where she met her husband, and most notably as CEO of Singapore Technologies, where she spent a decade, and where she is credited with repositioning and growing the group into the largest listed defence engineering company in Asia.
It’s little wonder Ho has featured on Forbes’ annual World’s Most Powerful Women list for the past 16 years, in 2007 as the third most powerful woman in business outside the US, and in 2020 at #30 worldwide.
But it’s not all business. Ho has a strong track record in Singapore public service, serving as chairman of the Singapore Institute of Standards and Industrial Research and as deputy chairman of the Economic Development Board; and is a committed philanthropist with a focus on learning difficulties and healthcare.
As the pandemic kicked off, she not only led active investments in technology and life sciences, with German COVID-19 vaccine developer BioNTech among the most recent additions to Temasek’s portfolio, but through the Temasek Foundation – the firm’s philanthropic arm which supports vulnerable groups close to Ho’s heart, handed out hand sanitiser and face masks.
So, you would be forgiven for thinking that at age 68, Ho might simply relax. But in March 2021, just as she announced her retirement from Temasek, Ho joined the Board of Directors of Wellcome Leap, a US-based non-profit organisation that’s dedicated to accelerating innovations in global health. Not ready to put her firmly grounded feet up yet it seems.