D’addario & Company CEO, Jim D’addario Named Ernst & Young Entrepreneur Of The YearÂ® 2011 Award Winner
Award Recognizes Entrepreneurial Excellence in Distribution, Manufacturing and Construction Category
Farmingdale, NY (PRWEB) June 18, 2011
D’Addario & Company, the world’s top manufacturer of guitar strings and musical accessories, today announced that Jim D’Addario, CEO, received the Ernst & Young Entrepreneur Of The Year® 2011 New York Award in the Distribution, Manufacturing and Construction category. According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Mr. D’Addario was selected by an independent panel of judges, and the award was presented at a gala event at the Marriott Marquis on June 8, 2011.
“It’s an honor to be selected as a winner of this esteemed award,” says Jim D’Addario, CEO of D’Addario & Company, Inc. “It is a testament to the hard work of everyone at D’Addario & Company, and we are grateful for the recognition from such a prestigious organization.”
The D’Addario family art of string-making dates back to 1680 when Donato D’Addario was born to a string-making family in the tiny village of Salle, Italy. After immigrating to the U.S.A. in 1905, Charles D’Addario began first importing strings from his family in Italy and eventually began manufacturing in a home workshop in Astoria, Queens, NY. The present company was founded in 1973 and began manufacturing guitar strings. Through a series of acquisitions the company expanded to become the world’s largest manufacturer of musical instrument accessories. D’Addario’s broad line of innovative, high-quality musical instrument accessories includes proprietary brand names D’Addario (strings), Planet Waves (musical instrument accessories and custom installation cabling solutions), Evans Drumheads, Pro-Mark (drumsticks), Rico (reeds), and Pure Sound (snare wires).
Headquartered in Farmingdale, N.Y., D’Addario products are sold in over 120 countries. They are the preferred choice of professional and serious amateur musicians worldwide including Dave Matthews, Daryl Jones (The Rolling Stones), Lenny Kravitz, Ricky Skaggs, Kenny Davis (Herbie Hancock), Peter Erskine, Candy Dulfer (Prince), Mark Nuccio (NY Philharmonic), Michel Arrignon (Paris Conservatory), and Jessica Phillips (Metropolitan Opera), among numerous others. Today, there are more than 1,000 D’Addario employees worldwide and thirteen D’Addario family members still work at D’Addario which proudly manufactures 92% of its products in America.
The Ernst & Young Entrepreneur Of The Year Awards Program celebrates its 25th anniversary this year. Past award winners have included Howard Schultz of Starbucks Coffee Company, Arthur M. Blank of AMB Group, LLC (Home Depot, Atlanta Falcons), Pierre Omidyar of eBay, Inc., Ruth Fertel of Ruth’s Chris Steak House, Inc., Maxine Clark of Build-a-Bear Workshop, Tom Adams of Rosetta Stone Inc., Matt Szulik of Red Hat, Inc., and last year’s national winner, Howard Lutnick, Chairman and CEO of Cantor Fitzgerald and BGC Capital Partners, Inc.
As a New York award winner, Mr. D’Addario is now eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2011 National Award. Award winners in several national categories, as well as the overall Ernst & Young Entrepreneur Of The Year National Award winner, will be announced at the annual awards gala in Palm Springs, California, on November 12, 2011. 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, which will be held November 9″“13, 2011.
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are pleased to have the Ewing Marion Kauffman Foundation as a national sponsor.
In New York sponsors include Marsh, Scherzer International, SAP America Inc, HSBC,
SolomonEdwardsGroup, Empire Valuation Consultants, WithumSmith +Brown, Murray Devine, Orrick, Herrington & Sutcliffe and RR Donnelley.
About D’Addario & Company, Inc.
D’Addario & Company, Inc. designs, manufactures, and markets complete lines of strings for fretted and bowed musical instruments, drumheads, drum practice pads, and guitar and woodwind accessories under the proprietary brand names D’Addario, Evans Drumheads, Planet Waves, Rico, Pro-Mark Drumsticks, PureSound Percussion, and Pro-Mark Drumsticks. The company also runs theLessonroom.com and Guitar.com. D’Addario products are marketed in approximately 120 countries. For more information on D’Addario & Company, Inc., please visit http://www.daddario.com.
About Ernst & Young Entrepreneur Of The Year®
Ernst & Young Entrepreneur Of The Year® is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the 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, 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 140 cities in more than 50 countries.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
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 operating in the US. For more information about our organization, please visit http://www.ey.com.
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