SUNNY VERGHESE

SUNNY VERGHESE

As Olam International's founder and CEO, Verghese helms the only Singapore firm to be named in the 2009, 2010 and 2012 Forbes' Asia‘s Fabulous 50, an annual list of the best publicly traded companies in Asia-Pacific. The supply chain manager and agricultural processing firm differs from its competitors in its involvement in farming. Over recent months, Olam has made 24 investments in these “upstream activities”. It farms 400,000ha worldwide, and including its forestry concessions, the company controls 2.1 million ha — the size of Israel. In September 2012, Olam won the Asian Human Capital Award at the Singapore Human Capital Summit. The first of its kind in Asia, the award honours innovative and impactful people practices adopted by Asia-based organisations. Olam currently ranks among the top 40 largest listed companies in Singapore in terms of market capitalisation and is a component stock in the Straits Times Index. It also made the headlines last year after reports by research firm Muddy Waters cast doubt on its accounting practices causing its share price to fall by as much as 21%. However, Temasek Holdings came out to back Olam through buying 23.9 million shares, raising its stake from 17% to 18%.