Olivia Lum is Ernst & Young World Entrepreneur of the Year
Group CEO and president of Hyflux Olivia Lum has been named the Ernst & Young World Entrepreneur Of The Year 2011 at an awards ceremony held in Monte Carlo. She is the first woman and the first Singaporean to win the award, which is into its 11th year.
She was picked from among the 49 country finalists vying for the title, each of whom had already been named the Ernst & Young Entrepreneur Of The Year in their home countries. Ms Lum founded Hyflux in 1989 with two staff and start-up capital of US$15,000.
It has become a leading desalination supplier. It is publicly traded with revenues of US$450 million, employing more than 2,300 people in operations and projects in Southeast Asia, China, India, the Middle East and North Africa.
Congratulations to Olivia Lum on behalf of AsianceMagazine! She is an ideal Asiance woman as a trailblazer for female entrepreneurs. As the first woman and the first Singaporean to win the award, which is into its 11th year.