Aspen makes Global Challengers List

Stavros Nicolaou

Stavros Nicolaou, Senior Executive at Aspen Pharmacare and Adam Ikdal, Senior Partner and Managing Director, Boston Consulting Group South Africa

Aspen has been recognised for yet another global accolade, being included in the Boston Consulting Group’s prestigious Global Challengers List. It is one of 100 companies in emerging markets and one of only seven African companies to have made the list. These seven companies contribute 3% of Africa’s total GDP. The five South African companies include Aspen, Bidvest, MTN, Sasol, and a new inclusion, Discovery.

“Although Aspen has grown into a global multinational player these days, it has never forgotten its humble beginnings, nor its South African roots, with many of its manufacturing operations remaining firmly entrenched in South Africa,” said Stavros Nicolaou, Aspen’s Senior Executive. “It was with the same humility that we accepted this award and were privileged to be part of the BCG Global Challengers 100 list.”

The Boston Consulting Group is one of the world’s leading management consulting groups and has compiled this list over the past 10 years and inclusion into the list is confined to those emerging markets companies that are reshaping the global business environment and are challenging for global leadership positions amongst their more established multinational peers. These companies have been extremely successful in delivering growth and exceptional shareholder value when compared to both their local and global peers and have done so despite economic uncertainty, powering ahead with confidence and ambition.

Mr Adam Ikdal, Senior Partner and Managing Director, Boston Consulting Group South Africa stated at the awards ceremony “While becoming a Global Challenger is a worthy achievement, the ultimate goal for many companies is to ‘graduate’ to become the peers of global multinationals whose rule they have disrupted. Of the 193 Global Challengers selected over the past 10 years, 19 (or 10%) have become global leaders.”

Aspen’s inclusion in this global organisation confirms its position as one of the engines within emerging markets. Nicolaou represented Aspen at the award ceremony and participated in its parallel panel on the five South African Global Challengers, which was held at the Gordon Institute of Business Science in Johannesburg.

In accepting the award Nicolaou said, “Aspen’s success lies in its bold management decisions, its ability to leverage its strengths to find niche global opportunities and its ability to execute on its plans. Aspen’s culture is to maintain its entrepreneurial spirit, even in an ever growing workforce, which now numbers over 10 000 globally, but equally to invest the appropriate time in working out the details to execute on its plans. Even the best laid plans, if they lack the detail and understanding, will fail.”


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