Owen Mumford selected by WEF (World Economic Forum) as one of its Global Growth Companies of the Year 2014
30 September 2014
The World Economic Forum (WEF) has selected Owen Mumford as a Global Growth Company for 2014.
This prestigious award is given to the world’s most dynamic and responsible companies who meet stringent selection criteria.[i]
David Aikman, Managing Director and Head of the New Champions at the World Economic Forum said: “When choosing entrants to our Community of Global Growth Companies, we assess companies on their business model, annual revenues and growth rates, executive leadership and market position. Owen Mumford is a dynamic company with clear potential to shape the future in its relevant business sectors and so is a perfect fit to our GGC community.”
Jarl Severn, Owen Mumford’s Managing Director attended the WEF’s special meeting (28-29th September in Istanbul, Turkey) on “Unlocking Resources for Regional Development”, where he accepted the Award on behalf of the company. In response to hearing of Owen Mumford’s successful nomination, he said:
“We are immensely proud to have been selected. The WEF brings together some of the world’s most influential and high-growth companies to tackle urgent issues and facilitate ideas to help developing countries improve people’s lives. I am confident that Owen Mumford can play a meaningful role in such initiatives and support the Forum’s intention of uniting businesses to become a force for economic and social change.
“As a medical device company which makes products for capillary blood sampling and drug delivery, we are actively involved in finding new ways to help manage and treat some of the world’s biggest health issues. Our portfolio of medical devices crosses a wide range of therapeutic areas including Diabetes, Multiple Sclerosis, Rheumatoid Arthritis, Human Growth Hormone and Infertility.
“We focus on designing the next “big idea” and have invested significantly in our Research and Development capabilities to support this. We have a long history of innovation and our mission is to provide solutions that will exceed expectations, encourage compliance and improve quality of life. Innovation is at the very heart of our thinking and in a fiercely competitive market like ours, it’s a key element of what sets us apart from competitors.
“We are a global company, which exports over 90% of our products and as such have many years’ experience in trading overseas. We are delivering against our strategy to grow our sales and presence in new market geographies whilst continuing to expand our market share in our established territories.
“Over the past year we have strengthened our global position by restructuring our business activities to create a new regional management structure to drive the business forward. Our focus for future expansion is with the ASEAN (Association of South East Asian Nations), Latin America and Indian subcontinent marketplaces.
“I am confident that Owen Mumford’s recent changes, our growing product portfolio and commitment to innovation will help us deliver our growth plans and I am excited about the prospect of working within the WEF business community in the years to come.”
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The WEF Selection Process
Each year, the World Economic Forum recognises new Global Growth Companies through a rigorous selection process. After nomination, companies go through an internal background check and are evaluated by a regional selection committee consisting of the most reputable regional business and industry experts.
About the WEF
The World Economic Forum is an independent international organisation committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests.
[i] WEF Selection Criteria:
- Growth: Sustained above-average growth in the past three to five years
- Global Corporate Citizenship: Proven commitment to positively influencing the societies and regions in which they operate
- Impact: Major influence in industry, country or region
- Leadership: Impeccable track record and visionary leadership