The annual CEO of the Year award, a prestigious recognition presented by Verslo inas since 2015, has made history by awarding the Young CEO of the Year statue to a female executive, Sabina Chochrina, for the first time. The General Director of UAB Vlantana, Chochrina, took over the firm in 2021 and has since seen the company's revenue increase from 209 million euros to 297 million euros in 2022. This unprecedented growth has been attributed to strategic decisions made over two years that effectively mitigated the impact of rising transportation costs.
Exceptional Leaders Recognised
Andrius Zaveckas, head of UAB KMT, and Antanas Jurgelionis, director of UAB Brandelektra, were also celebrated as part of the strongest Young CEO trio. Both had been nominated the previous year and under their stewardship, their respective companies have seen substantial growth. Zaveckas' UAB KMT saw a revenue jump from 15 million euros to 22 million euros in 2022, largely due to exports to Scandinavia. Jurgelionis's UAB Brandelektra continued its upward trajectory, with sales revenue increasing from 17 million euros to 27 million euros in 2022. These figures underscore the leaders' innovative strategies and their companies' potential for further growth.
The Business 2024 conference saw Darius Zubas, Chairman of the Board of AB Linas Agro Group, being acknowledged as the CEO of the Year for creating the most value for society, employees, and shareholders. His leadership has evidently fostered a business environment that prioritizes sustainability and the welfare of all stakeholders.
CEO with Most Sympathy
Linas Grinevičius, head of IT at UAB EPAM Systems, was voted the CEO with the most sympathy from vz. lt readers. This category recognizes leaders who have forged a strong connection with the public, demonstrating the importance of leaders' transparency and commitment to societal values.
The Young CEO of the Year award is given to CEOs under 35 years of age who have led a profitable company that ranks in the top 1,000 for at least two years. The recognition of Chochrina, Zaveckas, and Jurgelionis in this category signals a promising future for their companies and marks a significant milestone in the recognition of young, dynamic leadership in the business world.