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ArrowStream CEO, Steven LaVoie, Named Ernst & Young Entrepreneur of the Year(R) 2010 Award Finalist in Midwest Region


CHICAGO, May 10, 2010 (BUSINESS WIRE) -- ArrowStream, a leading provider of supply chain management solutions for the foodservice industry, today announced that Steven LaVoie, company founder and CEO, is a finalist for the Ernst & Young Entrepreneur of the Year(R) 2010 Award in the Midwest Region.

The Ernst & Young awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities. LaVoie was selected as a finalist from nearly 75 nominations by a panel of independent judges. Award winners will be announced at a gala event on Thursday, June 24 at the Sheraton Chicago.

"Being a finalist in this important business region is an honor for ArrowStream.

The benefits of a transparent and collaborative supply chain are taking hold in the foodservice industry. This recognition is a tribute to our trading partners who have taken a leap of faith in us and now are generating savings previously unattainable," said LaVoie.

The Ernst & Young Entrepreneur of the Year awards program celebrates its 24th anniversary this year. The program has expanded to recognize business leaders in more than 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. 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 the Midwest Region, sponsors include Manpower, Charter One Bank, Winston & Strawn LLP, and Becker Professional Education and Smart Business magazine.

Locally, the program is sponsored by the Chicagoland Entrepreneurial Center and Gibbs & Soell Public Relations.

About ArrowStream ArrowStream is committed to helping customers and their supply chain partners improve operations and the bottom line. ArrowStream transforms the food supply chain through patented, innovative solutions that help trading partners achieve results collectively that they could not reach individually. The company's Network is the largest, most extensive collection of restaurant chains, distributors and manufacturers in the food industry. More than $15 billion of product moves through and is tracked in the ArrowStream Network providing operational efficiencies, economies of scale and financial benefits to all trading partners in it.

Founded in 2000, ArrowStream quickly earned a reputation as a premier provider of supply chain solutions for the foodservice industry serving blue-chip customers such as Wendy's, Church's Chicken, Steak n Shake, and ARCOP, Arby's purchasing cooperative group. ArrowStream customers represent nearly 20% of the top 50 U.S. chains in Nation's Restaurant News 2009 Top 200 chains by sales.

About Ernst & Young's Entrepreneur Of The Year(R) Awards Program Ernst & Young's Entrepreneur Of The Year(R) 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(R) 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.

SOURCE: ArrowStream CONTACT: for ArrowStream Laura Field, 312-961-5054 Copyright Business Wire 2010 -0- KEYWORD: United States

North America

Illinois INDUSTRY KEYWORD: Supply Chain Management



Logistics/Supply Chain Management



Supermarket SUBJECT CODE: Award