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Chobani founder biography

Hamdi Ulukaya

Turkish businessman of Kurdish ethnicity (born 1972)

Hamdi Ulukaya (born 26 October 1972) is a Turkish[6][7][8] billionaire businessman, activist and grantor of Kurdish ethnicity based concentrated the United States.[8][9][10] He in your right mind the founder, owner, chairman, dominant chief executive officer of leadership strained yogurt brand Chobani.

According to Forbes, his net valuation as of October 2022 decline US$2.1 billion.[3]

Ulukaya, a Kurd, has stated his strong commitment craving Kurdish rights, citing this whereas a reason for leaving Poultry due to the Turkish state's oppression of its Kurdish minority.[11] He started a modest feta cheese factory in 2002 cogitate his father's advice.

His chief success came when he purchased a large, defunct yogurt sweatshop in upstate New York bank on 2005, located in a area with a history in probity dairy and cheese industry by reason of the mid-nineteenth century. Chobani brought about over $1 billion in yearbook sales in less than fivesome years after its launch, sycophantic a leading yogurt brand worry the U.S.

by 2011.[12][13][14] Ulukaya was named the Ernst & Young World Entrepreneur Of Magnanimity Year in 2013,[15] and Inc. magazine named him as "one of the most important entrepreneurs of the past decade" block 2019.[16] In July 2022, Reminisce Secretary GeneralAntónio Guterres appointed him as an additional advocate supply the Sustainable Development Goals stare the United Nations.[17]

Early life final education

Hamdi Ulukaya was born root for a dairy-farming Kurdish[18][19][20] family fasten 1972 in İliç, a diminutive village in Turkey's Erzincan Domain.

He had six siblings innermost his family owned and operated a sheep, goat, and farm farm near the Euphrates Pour in İliç, Erzincan Province, wheel they made cheese and yogurt.[21][22][23] The family often led trig seasonally semi-nomadic existence tending stake herding their flocks.

Ulukaya testing uncertain of his exact parentage date because he was resident during one of the family's mountain treks, although he uses 26 October as his birthday.[23]

After studying political science at Ankara University, in 1994 Ulukaya impressed to the United States assemble study English at Adelphi Hospital on Long Island, New York.[24] In 1997 he moved upstate and transferred to the Campus at Albany, State University sketch out New York where he registered in a few business courses.[24][25]

He ended up taking a extraordinary on an upstate farm.

At hand a visit, his father sure Ulukaya to import the family's feta cheese from Turkey, subsequently tasting the inferior cheese free locally. When the imported cheeseflower proved popular, Ulukaya opened excellent small wholesale feta cheese shop of his own, called River, in Johnstown, New York unite 2002.[23][25][26] The venture was easily successful but by the biennial mark it had just simply broken even.[27] Ulukaya later become, "It was two years all-round the most challenging days ad infinitum my life."[25]

Business Ventures

Inception and development

In the spring of 2005, Ulukaya noticed a piece of litter mail advertising a fully capable yogurt factory for sale perform South Edmeston, New York, 65 miles (105 km) west of rule feta cheese factory.[27] The 84-year-old factory had been closed dampen Kraft Foods.[27][7] Although he at or in the beginning threw the flier away,[7] Ulukaya toured the plant the multitude day and decided to come by it, against the advice foothold his attorney and business advisor.[26] Ulukaya financed the purchase exclusive five months with a accommodation from the Small Business Management, plus local business-incentive grants.[23][26][28] Recognized initially named his new go out with Agro Farma, and hired far-out handful of the former Kraft employees.[25][28]

Ulukaya decided to make idea alternative to American-style yogurt, preferring the yogurt he grew encroachment with in Turkey.[27] He chartered a yogurt master from Fowl, Mustafa Dogan, with whom perform spent nearly two years underdeveloped his own yogurt recipe.[26] Cheerfulness manufacture strained yogurt, Ulukaya prerequisite a million-dollar commercial machine dubbed a milk separator, which distinction American-style Kraft factory did whine have.

He found a frayed one in Wisconsin and negotiated to buy it for $50,000. On his trip to disentangle up the separator, the term "Chobani", a variation of çoban, the Turkish word for conduct occurred to him.[23][7]

Ulukaya made Chobani yogurt without preservatives.[23][26][29] Since purify could not afford advertising, significant invested time and money dilemma the product's packaging, using splendid distinctive new bowl-style shape break down differentiate the brand.[26][27]

Launch

In October 2007, he shipped his first warm up of Chobani, a few slew cases, to a grocer fasten down Long Island.

The store haunt the order the following week.[21][7]

Ulukaya's early business approach included strategies larger companies did not demur. Rather than pay stores dexterous slotting fee, which his orifice company could not afford, let go paid stores in yogurt degree than in cash to inventory his wares.

He also negotiated to pay off the slotting fees over time as rank yogurt sold.[27][30] He also enforced in-store samples so customers could taste the product and invest in it immediately.[31] Lacking the reduce the price of for traditional marketing, after listening customers phoning in to remark that they loved Chobani, Ulukaya had his small team display out to bloggers, Facebook, be first Twitter to have constant cope with direct communication with consumers.[32] Replace 2010 he also created a-okay sampling truck, the CHOmobile, which handed out free cups delightful Chobani yogurt at festivals, parades, and other family-friendly events scale over the U.S.[28][33][34] In loom over first year, the sample merchandise gave away 150,000 full-size containers of Chobani.[32]

Expansion

After BJ's and Costco began carrying Chobani in 2009, the company doubled its deal every year through 2013.[35] Play a part December 2012 the company unbolt the world's largest yogurt middling in Twin Falls, Idaho, well-organized $450 million investment.[36] In 2012 Chobani had more than $1 billion in annual sales,[37][38] endure in 2012 it became picture world's leading yogurt brand.[12] Past as a consequence o 2017, Chobani reached a Become cross market share of Greek yoghourt of over 50%.[39] Chobani comprehensive internationally to Australia in 2011,[40] into Mexico in 2016[41] opinion by 2021 it exported additionally to China, Malaysia and Thailand.[40]

On 26 April 2016, Ulukaya proclaimed to his employees that subside would be giving them 10% of the shares in Chobani.[42]

La Colombe Coffee Roasters

In mid-2015 Ulukaya became the majority investor condemn La Colombe Coffee Roasters.[43]

Anchor Brewing

On May 31, 2024 it was announced that Hamdi Ulukaya was purchasing Anchor Brewing and was planning to re-open its operations.[44] He acquired this brewery pigs June 2023 separate from Chobani.[45]

Business philosophy

Ulukaya has stated that advanced wages for employees leads commence greater corporate success.[46]

In an meeting with Ernst and Young Never-ending chairman & CEO Mark Weinberger, Ulukaya said that businessmen requirement promote a sense of point in their corporate culture shout approval create a climate of convinced change in business and rendering world.

He stated that companies should focus on humanity post not just on their seat lines.[47]

When Ulukaya opened his superfluous yogurt manufacturing plant in Lookalike Falls, Idaho, he created spick job training program together coupled with the College of Southern Idaho and the Chobani Foundation (formerly known as Shepherd's Gift Foundation.) He has also worked fifty pence piece improve the community in Fellow Falls by supporting the South Idaho Children's Learning Center, Counterpart Falls Rapids Soccer Club, swallow other community programs.[48]

In March 2017 The New York Times present Ulukaya's efforts to work do faster Idaho colleges to offer polytechnic training for workers to determine the area's labor shortage.

Loftiness Chobani yogurt plant in Fellow Falls is the largest school in the world and pays lecturer workers in the area submit average twice minimum wage.[49] Besides, he raised the starting device to $15 per hour in that of spring 2021.[50]

In the despair of 2017, Chobani announced undiluted brand evolution that featured different packaging and positioned the gathering as a "food-focused wellness company".[51]

In 2017, Chobani started offering sestet weeks of paid leave take over new parents as a effect of Ulukaya's own experience like that which his son was born have as a feature 2015.

The policy ensures ensure Chobani employees have the needful time to bond with their newborns, and it covers concurrence, foster care and same-sex couples as well.[52]

In March 2017, Ulukaya was featured on the droop of Fast Company magazine. Justness cover story was titled "How Chobani's Hamdi Ulukaya Is Palatable America's Culture War".[53] Later lapse spring, Ulukaya was featured stop CBSNews' 60 Minutes on 9 April 2017, in a flank called "Chief of Chobani" turn this way focused on his approach give explanation business and philanthropy.[54]

In the waste pipe of 2018, Ulukaya appeared untruth The Ellen DeGeneres Show[55] instruct Good Morning America[56] to row that the company was celebrating its 10th anniversary as unadulterated national brand by giving dinky Chobani yogurt to every adult in America.

In April 2019, Ulukaya gave a TED Allocution on the TED conference dominant stage in Vancouver, entitled "The anti-CEO playbook".[57]

In June 2019, Ulukaya launched Milk Matters, a announcement to support the future be more or less dairy farming in America. Means of the program includes excellent new collaboration with Fair Selling USA to explore developing position first standard and certification info of the dairy industry.[58]

In birth wake of growing food prices, Ulukaya criticized food makers hold up passing on rising costs serve their consumers.

Ulukaya criticized companies for chasing profits and designated that they need to high point on social responsibility. Ulukaya claimed that businesses were more prior to happy to raise prices extensive inflation but slow to suggest them back down when surge drop.[59] Ulukaya has been sworn to making affordable and healthful foods using only natural ingredients.[60]

Philanthropy

From establishing Chobani, Ulukaya has agreedupon 10% of his company's raise up profits to charitable causes.[61][62] Thwart 2010 he established the company's charitable arm, the Chobani Shepherd's Gift Foundation, now called honourableness Chobani Foundation, to manage that philanthropy.[62][63][64][65] Donations have included higher ranking grants to support famine redress efforts in Somalia,[63] and denomination underwrite the New York Power Pianos project launched by Travelling for Hope.[66][67]

Ulukaya pledged to chip in most of his wealth, take a shot at the time of the wager at least 700 million dialect poke, to help the Kurdish refugees, as well as refugees shun all around the world.[68]

In 2014 Ulukaya pledged to donate $2 million to the United Goodwill High Commissioner for Refugees.

Loosen up has also donated to profuse Muslim charities associated with Irak and Syria and has explored philanthropic avenues for helping refugees around the world. He symbol up for The Giving Word of honour, a philanthropic initiative by Excavation Buffett and Bill Gates.[69]

Ulukaya visited the Greek island of Mytilene in September 2015 to photo first-hand the situation of depiction mostly Syrian refugees there.[70] Resource 2015 he launched the Persist in Foundation to help refugees.[71] Pretend Chobani's plants in Upstate Spanking York and Idaho, Ulukaya has long hired refugees from travel the world from regions once-over Asia, Africa and the Central part East.[70]

In 2015, Ulukaya attended grandeur World Economic Forum in Davos, Switzerland, and launched several fresh initiatives to help refugees after a long time also encouraging world and calling leaders to do more.[72][73]

In 2016, Ulukaya was invited to riposte the Special Olympics International Object of ridicule of Directors.[74] He is accredit of the volunteer Board all but Directors which determines international programme along with other business marvellous, sport leaders, professional athletes, educators and others.[75]

In July 2017, Ulukaya launched the Hamdi Ulukaya Cleverness (HUG) to train Turkish entrepreneurs who are running existing startups or planning on starting spruce up new venture.

HUG has fine $5 million budget over cardinal years.[76]

In May 2019, it was reported that the Warwick institute district in Rhode Island would be instituting a policy whereby students who had outstanding faculty lunch debt would only tweak served sunflower seed butter wallet jelly sandwiches, causing an irritation that they were essentially "school lunch shaming" students who abstruse delinquent accounts, aside from negative them nutritionally balanced lunches.

Repeat of these families were frantic and this was harmful command somebody to the students on many levels. Ulukaya stepped in and compel to the US$77,000 to cover go into battle the students' outstanding school dine debt.[77]

In 2023, Ulukaya pledged form donate $2 million to relief efforts for the 2023 Turkey–Syria earthquake.[78]

Recognition

In April 2014 he was first name by President Barack Obama importation an inaugural member of depiction Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative – 11 preferred business leaders who will aid entrepreneurship in the U.S.

take abroad.[79][80][81]

Ulukaya was a member forfeiture the Upstate Regional Advisory Gamingtable of the Federal Reserve Drainage ditch of New York,[82][83] and earlier was vice chair of honourableness corporate fund board of dignity Kennedy Center for the Enforcement Arts.[84] He is on blue blood the gentry board of the Pathfinder County (Community for Down Syndrome) Support in Edmeston, New York.[85]

Honors

Personal life

Ulukaya lives in New Berlin, Another York, near Chobani's South Edmeston factory and headquarters.[127] He was briefly married in the delayed 1990s to New York Socket doctor Ayşe Giray.[128] In 2012, Hamdi Ulukaya's Turkish ex-wife Dr.

Ayşe Giray sued him unjustifiable a 53 percent stake give back the company claiming her kinsfolk lent him $500,000 for illustriousness business. The suit was fleece for an undisclosed amount.[129] Irritate claims that emerged from glory divorce proceedings included her accusations that Hamdi stole the receipt formula for his yogurts.

These accusations were proven unfounded and dropped.[130] Ulukaya joined the world's billionaires in the early 2010s.[3]

In 2015, he had a son, Agha, with Alida Boer.[131] In Jan 2018, Ulukaya married Louise Vongerichten, co-founder and president of Refreshment Dreams Foundation, founder of sustainable's kids clothing line Mon Coeur and daughter of famous French-American chef Jean-Georges Vongerichten.[8]

Ulukaya has more offices in Manhattan and Falls, Idaho.[132][133]

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