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Cariloha Executive & Management Team Members pictured from left to right: Ryan Hiller (VP-Finance), Aaron Hobson (EVP-Marketing), Dustin Tate (EVP-Sales), Brent Rowser (CFO), Jeff Pedersen (Founder & CEO), Capt. Bob Pedersen (Jeff’s father), Adrian Orme (VP-Distribution), David Self (Controller), and Scott Brady (VP-Communications).
Utah Business magazine today honored Cariloha as one of the fastest-growing companies in Utah at the Fast 50 Awards event in Salt Lake City. Also honored were the Emerging Eight, businesses that haven’t been in operation for long but are already speeding ahead of the competition.
The Fast 50 companies are ranked based on five years of compound annual growth, with a revenue component. The annual Fast 50 event recognizes the companies for their entrepreneurialism and innovative tactics. The companies will also be featured in the September issue of Utah Business magazine.
Hundreds of Utah-based companies seek to be on the list every year, and only 50 companies make the list. Cariloha ranked no. 21 and was ahead of such outstanding companies as Vivint, Overstock.com, Nu Skin, USANA, and many others.
Chris Falk, principal and vice president of Newmark Grubb ACRES, said the success of the companies honored was even more impressive given the state’s low unemployment rate.
“The fastest-growing companies in Utah are doing so in a state with 3.6 percent unemployment,” he said. “Your culture in that environment is one of if not the most important tool you have to retain talent.”
The 2015 Fast 50 was dominated by examples of and accompanied by illustrations of record growth and progression in industry. The Fast 50 program continues to recognize innovative companies that have the concepts and strategies in place to sustain record growth.
Sam Urie, publisher of Utah Business, noted that the success of these businesses “benefits the entire state through new jobs created, new homes and offices built, and new demand for professional services.” He added, “Your success strengthens Utah’s economy and bolsters our business ecosystem.”
In 2013, 2014, and 2015 Cariloha was named one of America’s fastest-growing companies on the Inc. 500|5000 list, and Founder and CEO, Jeff Pedersen, was recognized as CEO of the Year and an Ernst & Young Entrepreneur the Year® finalist winner in 2013 and 2014.