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Kormotech Triumph: Family Business of the Year According to Forbes Ukraine
On December 8th in Kyiv, a ceremony identified the best in the business sector – 'Entrepreneur of the Year 2023' by Forbes Ukraine.
Rostyslav and Olena Vovk, co-owners of the Kormotech company, won in the 'Family Business' category.
The Forbes expert jury evaluated company leaders with an annual turnover or valuation of $25 million, who own a significant share of the company and are actively involved in its management.
During a challenging year, Kormotech increased its revenue from $110 million to $124 million by scaling up its exports. Currently, the company has distribution centers in Europe, three factories in Ukraine and Lithuania, and exports products to 40 countries worldwide.
'Entrepreneur of the Year 2023' by Forbes is not just an award; it's a recognition of achievements, innovation, and impact on the country's economy.
The Vovk family demonstrates that true leaders create a profitable business, positively impact society, and set new standards in their industry.
Other news by Kormotech
Announcing the Winners of the 'Spivprostir' Contest
Kormotech, the animal welfare social initiative Save Pets of Ukraine, and the media organization Internews Ukraine have held the second edition of their journalism contest focused on responsible animal treatment. This annual media event aims to draw societal attention to crucial issues such as the humane treatment of animals, ecology, animal protection, and social responsibility.
How Corporate Social Responsibility Transforms Society: Key Insights from GET Business Festival 2024
Global and local events continue to reshape economies, cultures, and perceptions of "Made in Ukraine." Simultaneously, the concept of corporate social responsibility (CSR) is evolving, becoming deeply embedded in brand culture.
How is Kormotech Addressing the Workforce Shortage?
Kormotech recently participated in the thematic forum "Training Specialists in Vocational Education Centers of the State Employment Service: Educating Ukrainians to Meet Business Needs" to share its practical experience in attracting talent.
Kormotech at the "Nebaiduzhi" Conference: How Social Initiatives Set an Example for Other Businesses
Kormotech participated in the "Nebaiduzhi" ("Caring") Conference, the first large-scale event in Ukraine dedicated to corporate social responsibility (CSR).
From Local Producer to Global Player: Kormotech at the V Business Transformation Conference
"In 2014, as the world was changing, we decided to adapt and change the game's rules. This decision became our key to the European market," said Ihor Paranyak, COO of Kormotech, during the V Business Transformation Conference in Kyiv. This year’s forum was themed “Directors of Transformations: How Ukrainian Business is Changing Markets and Industries.”
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