Varel International President and CEO Jim Nixon
Named Ernst & Young Entrepreneur Of The Year® 2010
Award Finalist in Southwest Area - North
(Carrollton, Texas - 12 May 2010) - Varel International today announced that President and CEO Jim Nixon is a finalist for the Ernst & Young Entrepreneur Of The Year® 2010 Award in the Southwest Area- North. According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities. Nixon was selected as a finalist from nearly 65 nominations by a panel of independent judges. Award winners will be announced at a special gala event on Saturday, June 19, 2010 at the Dallas, Sheraton.
"I am thrilled and honored to be a finalist for this prestigious award," said Nixon. "As an entrepreneur, I take such pride in our company and this is an incredible tribute to the outstanding team at Varel and their dedication to our company and industry."
Nixon has been at the helm of the company since an investor-backed management buy-in of Varel in 1998. The company has prospered, being named to the Inc. 5000 list of fastest growing private companies in the US in both 2008 and 2009.
The Ernst & Young Entrepreneur Of The Year awards program celebrates its 24th anniversary this year. The program has expanded to recognize business leaders in over 135 cities in 50 countries throughout the world.
Regional award winners are eligible for consideration for the Ernst & Young LLP Entrepreneur Of The Year national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 13, 2010. 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.
Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as national sponsors.
In Southwest Area-North, sponsors include Smith Frank & Partners; First United Bank & Trust; Roach, Howard, Smith & Barton; Solomon Edwards Group; VIP Search; Ussery Printing; D CEO Magazine; Journal Record; Ft. Worth Business Press; Smart Business Magazine and Munsch, Hardt, Kopf & Harr
About Varel International
Founded in 1947, Varel International is the world's largest independent supplier in the global oil & gas drill bit market. Headquartered in Carrollton, Texas, Varel services oil & gas, mining, and industrial markets with its comprehensive suite of roller cone and fixed cutter drill bits. The company employs more than 1,000 people and has manufacturing facilities in Carrollton, Texas; Houston, Texas; Matamoros, Mexico and Tarbes, France, as well as sales offices throughout the world. Varel's proprietary design capabilities, efficient manufacturing, and global sales force uniquely positions the company to provide high-quality drill bits that deliver excellent performance and value to its customer base. For more information, visit www.varelintl.com.
About Ernst & Young's Entrepreneur Of The Year® Awards Program
Ernst & Young's Entrepreneur Of The Year® is the world's most prestigious business award for entrepreneurs. The award makes a difference through the unique 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, Ernst & Young 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 135 cities in 50 countries.
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 located in the U.S.
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