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CEO of Uster wins E & Y Entrepreneur of the Year award

05
Nov '08

On Friday October 24th at a gala evening attended by around 400 guests at the Lucerne Culture and Convention Centre, Ernst & Young announced the winners of its eleventh Entrepreneur of the Year award. Regarded by the Swiss business world as the highest of accolades, the awards are made to businessmen and women in recognition of their outstanding entrepreneurial achievements.

In the Industry category, the winner was Dr Geoffrey Scott, CEO of Uster Technologies AG. The candidates for the award are assessed by a qualified, independent jury. The selection process is complex with demanding criteria: the members of the jury conduct intensive interviews with the finalists, visit the firms in person and inspect their annual financial statements.

The criteria look at the entrepreneur as an individual and the active role that he or she plays within the company, the rate of growth of the company, along with its innovation, international approach and social commitment. The jury was impressed by Dr Geoffrey Scott's managerial skills, his entrepreneurial influence on the company's working culture, and the high motivation of the staff and their ability to identify with the company.

“With Uster Technologies I have had the chance to take a considerable personal risk to go after an opportunity to build a successful business” stated Dr Geoffrey Scott. “I have enjoyed the privilege of leading and working with a great group of people over the past years to build a company that we are all proud to be part of.

I come from a family where my father, my brothers, many uncles, all took risks and started businesses. Being an entrepreneur is something that is in my blood and I am happy to keep the family tradition of entrepreneurship alive!”

About Uster Technologies Ltd:
The Uster Group is the leading high technology instrument manufacturer of products for quality measurement and certification for the textile industry. The Group provides testing and monitoring instruments, systems and services that allow optimization and certification of quality through each individual stage of textile production; from the raw textile fiber, such as cotton, wool or synthetic filament yarns, to the
final finished fabric.

The Uster Group provides benchmarks that are a basis for the trading of textile products at assured levels of quality across global markets. The Group is headquartered in Uster, Switzerland and operates through a worldwide Market Organization complemented by Technology Centers. It has sales and service subsidiaries in the major textile markets and
Technology Centers in Uster (Switzerland), Knoxville (USA) and Suzhou (China).

In 2007, the Uster Group generated sales of CHF 187 million and an operating profit (EBITA) of CHF 52 million, with a workforce of approximately 530 employees.

Uster Technologies Ltd

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