EY Announces Jennifer Sherman of Federal Signal Corporation as an Entrepreneur Of The Year® 2024 Midwest Award Winner

Rhea-AI Summary

Ernst & Young announced Jennifer Sherman, CEO of Federal Signal , as an Entrepreneur Of The Year® 2024 Midwest Award winner on June 13, 2024. Sherman was recognized for her leadership in creating long-term value and driving significant company growth. This accolade celebrates her achievements, including a 450% increase in stockholder value and strategic transformation of the company. As a Midwest award winner, Sherman is now in contention for the National Entrepreneur Of The Year 2024 awards, with winners to be announced in November. This recognition places her among a global community of entrepreneurial leaders supported by EY's extensive resources.

Positive

• Jennifer Sherman named Entrepreneur Of The Year® 2024 Midwest Award winner.
• Federal Signal achieved a 450% increase in stockholder value.
• Significant revenue growth and company transformation under Sherman's leadership.
• Potential for further recognition at the national level in November 2024.
• Award provides access to a global community of entrepreneurs and EY resources.

Negative

• No immediate financial benefit or impact on revenue or profit directly tied to the award.
• Potential for increased expectations and pressure on Federal Signal to sustain high performance.

Celebrating the bold leaders who disrupt markets, revolutionize industries and transform lives

OAK BROOK, Ill., June 13, 2024 /PRNewswire/ -- Ernst & Young LLP (EY US) today announced that Jennifer Sherman, President and Chief Executive Officer of Federal Signal Corporation, was named an Entrepreneur Of The Year® 2024 Midwest Award winner. Entrepreneur Of The Year is the preeminent competitive awards program for entrepreneurs and leaders of high-growth companies.

Ms. Sherman was selected by an independent judging panel made up of previous award winners, leading CEOs and other business leaders. Candidates were evaluated based on their ability to create long-term value through entrepreneurial spirit, commitment to their purpose and the demonstration of growth and substantial impact, among other key indicators.

"I am honored to be included in this prestigious group of business leaders. This award is a testament to the hard work and dedication of our 4,500 employees, whose contributions over the last several years have helped us to drive significant revenue growth, increase stockholder value by over 450% and to transform the Company into an organization that is well positioned for long-term, sustainable growth," said Sherman.

As a Midwest award winner, Ms. Sherman is now eligible for consideration for the Entrepreneur Of The Year 2024 National Awards. The National Award winners, including the Entrepreneur Of The Year National Overall Award winner, will be announced in November at the Strategic Growth Forum®, one of the nation's most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the World Entrepreneur Of The Year® Award in June 2025. 

Entrepreneur Of The Year recognizes many different types of business leaders for their ingenuity, courage and entrepreneurial spirit. The program celebrates original founders who bootstrapped their business from inception or who raised outside capital to grow their company; transformational CEOs who infused innovation into an existing organization to catapult its trajectory; and multigenerational family business leaders who reimagined a legacy business model to fortify it for the future.

Entrepreneur Of The Year Award winners become lifetime members of a global, multi-industry community of entrepreneurs. They receive exclusive, ongoing access to the experience, insight and wisdom of program alumni and other ecosystem members in more than 60 countries — all supported by vast EY resources.

In addition to Entrepreneur Of The Year, EY US supports other entrepreneurs through the EY Entrepreneurial Winning Women™(Winning Women) program and the EY Entrepreneurs Access Network (EAN) to help connect women founders and Black and Hispanic/Latino entrepreneurs, respectively, with the resources, network and access needed to unlock their full potential. 

About Federal Signal 
Federal Signal Corporation (NYSE: FSS) builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer, manufacturer and supplier of products and total solutions that serve municipal, governmental, industrial and commercial customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the Company operates two groups: Environmental Solutions and Safety and Security Systems. For more information on Federal Signal, visit: www.federalsignal.com. 

About Entrepreneur Of The Year®  
Founded in 1986, Entrepreneur Of The Year® has celebrated more than 11,000 ambitious visionaries who are leading successful, dynamic businesses in the US, and it has since expanded to nearly 80 countries and territories globally. The US program consists of 17 regional programs whose panels of independent judges select the regional award winners every June. Those winners compete for national recognition at the Strategic Growth Forum® in November where National finalists and award winners are announced. The overall National winner represents the US at the World Entrepreneur Of The Year® competition. Visit ey.com/us/eoy. 

Sponsors  
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, Cresa, Marsh USA, SAP and the Ewing Marion Kauffman Foundation. In the Midwest, sponsors also include regional Platinum sponsors, LaSalle Network; regional Gold sponsor, Becker Professional Education; and regional Silver sponsor, ADP. 

About EY 
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com. 

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SOURCE Federal Signal Corporation

FAQ

What is the significance of Jennifer Sherman winning the Entrepreneur Of The Year® 2024 Midwest Award?

Jennifer Sherman's win highlights her leadership in driving substantial growth and long-term value for Federal Signal

How has Federal Signal performed under Jennifer Sherman's leadership?

Under Sherman's leadership, Federal Signal increased stockholder value by over 450% and achieved significant revenue growth.

What are the next steps for Jennifer Sherman after winning the Midwest Award?

Sherman will compete for the National Entrepreneur Of The Year 2024 awards, with winners to be announced in November.

What benefits do Entrepreneur Of The Year Award winners receive?

Winners gain access to a global community of entrepreneurs and extensive resources provided by EY.

When will the National Entrepreneur Of The Year 2024 awards be announced?

The National awards will be announced in November 2024 at the Strategic Growth Forum®.