Bucyrus' Tim Sullivan Named Ernst & Young Entrepreneur Of The Year(R) 2011 Upper Midwest Award Winner
17 Junio 2011 - 2:00PM
Bucyrus International, Inc. (Nasdaq:BUCY) today announced that
Bucyrus President and CEO, Tim Sullivan, received the Ernst &
Young Entrepreneur Of The Year
® 2011 Upper Midwest
Award in the Master Entrepreneur category. The award recognizes
outstanding entrepreneurs who demonstrate excellence and
extraordinary success in such areas as innovation, financial
performance and personal commitment to their businesses and
communities. Sullivan was selected by an independent panel of
judges, and the award was presented at a gala event at the Frontier
Center in Milwaukee, Wisconsin on June 15, 2011.
"I am honored to be selected for this award," stated Sullivan.
"We wouldn't be where we are today without the strength, dedication
and hard work of the Bucyrus management team and our 10,000
employees." Sullivan concluded, "As entrepreneurs and business
leaders our responsibility extends beyond the businesses we run; we
have a responsibility to give back to our local communities and
help those around us be successful."
In 2000, during a severe financial downturn, Sullivan returned
to Bucyrus to become its President and CEO. He was tasked with
growing the company to reach financial stability and building the
workforce to sustain it. Since his return Bucyrus' annual sales
have grown from $280 million in 2000 to over $3.65 billion in 2010
and global headcount has grown from nearly 1,700 in 2000 to over
10,000 in 2010. Under Sullivan's leadership, Bucyrus completed an
IPO in 2004 and was named the 9th Fastest Growing Company by
Fortune magazine in 2010. Additionally, the company completed
significant strategic acquisitions -- DBT GmbH in 2007 and the
mining division of Terex Corporation in 2010 -- creating the most
comprehensive product portfolio of mining equipment for both
surface and underground mining applications.
As Bucyrus as grown financially, Sullivan has increased the
company's support for the communities where Bucyrus employees live
and work. His personal commitment to Bucyrus employees and
communities has been shown through his personal matching of
employee contributions to certain charitable organizations, his
presence on the boards of several community and non-profit
organizations, and his hosting of a variety of community
events.
As an Upper Midwest award winner, Sullivan is now eligible for
consideration for the Ernst & Young Entrepreneur Of The Year
2011 National Award. Award winners in several national categories,
as well as the overall Ernst & Young Entrepreneur Of The Year
National Award winner, will be announced at the annual awards gala
in Palm Springs, California, on November 12, 2011. The awards are
the culminating event of the Ernst & Young Strategic Growth
Forum®, the nation's most prestigious gathering of high-growth,
market-leading companies, which will be held November 9–13,
2011.
About Ernst & Young Entrepreneur Of The
Year®
Ernst & Young Entrepreneur Of The Year® is the world's most
prestigious business award for entrepreneurs. The unique award
makes a difference through the way it encourages entrepreneurial
activity among those with potential, and recognizes the
contribution of people who inspire others with their vision,
leadership and achievement. As the first and only truly global
award of its kind, Entrepreneur Of The Year celebrates those who
are building and leading successful, growing and dynamic
businesses, recognizing them through regional, national and global
awards programs in more than 140 cities in more than 50
countries.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax,
transaction and advisory services. Worldwide, our 141,000 people
are united by our shared values and an unwavering commitment to
quality. We make a difference by helping our people, our clients
and our wider communities achieve their potential.
Ernst & Young refers to the global organization of member
firms of Ernst & Young Global Limited, each of which is a
separate legal entity. Ernst & Young LLP is a client-serving
member firm of Ernst & Young Global Limited operating in the
US. For more information about our organization, please visit
www.ey.com.
About Bucyrus International, Inc.
Bucyrus is a world leader in the design and manufacture of high
productivity mining equipment for the surface and underground
mining industries. Bucyrus' surface mining equipment is used for
mining coal, copper, iron ore, oil sands and other minerals.
Bucyrus' underground mining equipment is used primarily for mining
coal and also used in mining minerals such as potash and trona. In
addition to machine manufacturing, Bucyrus manufactures high
quality OE parts and provides world-class support services for
their machines. Bucyrus' corporate headquarters is located in
Oak Creek, Wisconsin, USA.
CONTACT: For further information, contact
Shelley Hickman, Director -
Global Communications
Tel: 414-768-4599
shickman@bucyrus.com
www.bucyrus.com
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