Rabobank Honors Chobani with ‘Leadership in Innovation’ Award

December 13, 2012 05:27 AM
Rabobank Honors Chobani with ‘Leadership in Innovation’ Award

2012 award highlights Chobani’s contributions to redefining and growing the U.S. yogurt industry.

Source: Rabobank news release

Rabobank, the leading global food and agribusiness bank, today announced it has named Chobani as the winner of its 2012 North America Innovation in Leadership award for Chobani’s groundbreaking contribution to the U.S. yogurt sector.

Grace Simmons, vice president of strategic initiatives for Chobani, accepted the award on behalf of Chobani at Rabobank’s recent Commodity, Corporate, and Trade Finance Forum.

The Rabobank award for Innovation in Leadership recognizes a company in the bank’s North American Wholesale client portfolio which has demonstrated exceptional ability and resourcefulness in implementing new ideas and business practices, or applying existing ideas and practices in new ways, that contribute significant value to the company and/or its industry.

The 2012 award honors Chobani, a Rabobank client, for the transformational impact of its practices on the U.S. yogurt industry and its success in redefining an established market to advance its own business and the overall yogurt category.

"We are very pleased to name Chobani the recipient of our inaugural Leadership in Innovation award," said Rita Keskinyan, Managing Director at Rabobank. "In a sector historically dominated by global giants, Chobani – led by its visionary founder, president and CEO Hamdi Ulukaya – clearly evidences that a singular focus on the consumer and an organizational culture which thrives on innovation can be powerful drivers of a meteoric rise to market leadership. Rabobank is proud to have helped Chobani make its first strategic international expansion with the acquisition of Bead Foods in Australia, even as its remarkable take-off began in North America."

"At Chobani, innovation is at the core of everything we do – from research and development to the way we build our production facilities and cultivate our employees," said John Heath, vice president of new ventures and innovation at Chobani. "We’re honored to have been chosen for Rabobank’s 2012 North America Innovation in Leadership award for superior innovation in the consumer products industry."

Rabobank’s 2nd annual Commodity, Corporate and Trade Finance Forum, held the last day of November, is a one-day strategic think tank that brings together industry leaders in business, finance, academia, and consulting to examine key strategies, trends and challenges in the food and agribusiness, consumer and food retail, and energy sectors – the bank’s areas of focus in North America.

Since hitting shelves in 2007, Chobani has skyrocketed to become America’s No. 1 selling yogurt brand, igniting a yogurt revolution in the U.S. Chobani is committed to using milk from surrounding area farms around its New Berlin, New York, Twin Falls, Idaho, and Dandenong, Australia, production facilities, driving local economic growth and revival. Chobani newest plant is a 1 million square-foot production facility in Twin Falls, Idaho.

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