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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.