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Leaders of Changes

21.05.2014

Yevgeniy Romashchin 
Age: 39 
Position: 
General Director of Corum Group

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Yevgeniy Romashchin

Photo by Volodymyr Herasymov for Forbes Ukraine


For the last four years of managing Corum Group (former Mining Machines), Yevgeniy Romashchin has managed to create from separated plants the largest holding that manufactures mining machinery and equipment. In 2009, the company’s losses amounted to USD 29 million. First, Romashchin paid visits to key customers. “At one stroke, we reached three objectives: we showed that we had changed and were already oriented on the customer; we heard suggestions and received a good set of orders”, he says. The creation of the control system reduced the probability that the customer gets poor quality goods, and the launch of the service company enabled the Group to service their products by themselves. In 2010, the Group’s profits raised up to USD 13.5 million, and a year later, in 2011, up to USD 32 million, due to expanding the sale geography. Today, Corum Group is present in seven markets, including India and Vietnam. It also plans to make deliveries to China and South Africa.


Olena Malinska 

Age: 37
Position:
Chairman of the Board of PJSC “Bank Credit Dnepr”

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Olena Malinska

Photo by Volodymyr Herasymov for Forbes Ukraine


In 2010, when Olena Malinska headed EnergoBank, almost the entire team retired following the former Board. “Personnel became a strategic priority. On the one hand, there was a need, and on the other hand, there was an opportunity to sel ect efficient employees”, says Olena Malinska. After gathering her team, she transformed filial agencies into branches, separated premium banking as a specific area and launched retail banking almost from the ground up. In 2011, EnergoBank’s commission income amounted to UAH 20 million, in a year, it was UAH 26 million, and in 2013, it was up to UAH 33 million. The interest income increased by 58% during the two years, up to UAH 257 million. “Due to the liquidity and resource problems, EnergoBank could not compete with large banks; therefore, Malinska turned in from a captive bank into a remarkable market player, by placing her stake on developing service and retail banking”, says Tetiana Furtseva, the senior partner of RosExpert in Ukraine. Now Malinska has taken another challenge: she wants to transform a regional bank into a national one. This February, she headed Bank Credit Dnepr owned by Viktor Pinchuk.


Tomasz Wróblewski
Age: 39
Position:
Director General of DC Ukraine Ltd.

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Tomasz Wrуblewski

Photo by Serge Illin / DR


Tomasz Wrуblewski has no match in creating partner relations with his team. After heading DC Ukraine in 2007, he has built a long-term development strategy for the company. Tomasz Wrуblewski began with logistics by rebuilding all the processes, fr om deliveries to warehouses to placing goods on shelves. The next thing he did was that he gave the Ukrainian buyer a unique product range, changed his brand for Watsons and restarted the loyalty programme. As a result, while the competitors were losing profits or operated at a loss, the net profit of DC Ukraine following the results of 2012 exceeded UAH 82 million. Wrуblewski does not like to rest on his laurels: “There is no “I did” in our company, but “We did”. “Tomasz has managed to overcome the crisis and actively grow due to his team. Talented people are the key factor of his success", sa”s Roman Bondar, Talent Advisor’s partner.


Konstantin Vaisman 

Age: 44
Position:
Chairman of the Board of VTB Bank

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Konstantin Vaisman

Photo by Volodymyr Herasymov for Forbes Ukraine


Konstantin Vaisman began his career with the Ukrainian banking system in 2010, when he headed First Ukrainian International Bank. After a year, he organised the first post-crisis merger in the banking sector: under his management, FUIB and Dongorbank merged in 2011. It was the largest merger of domestic bank assets. Occupying the position of the banker of the richest Ukrainian, Vaisman also made a deal aimed at purchasing Renaissance Capital, a retail bank, which is known in the market under the brand Renaissance Credit. When Vaisman came to FIUB, it was in the 14th position, as classified by the National Bank of Ukraine. In October 2012, the bank that he passed on to the new top-management raised up to the 9th position in terms of its assets. Since October 2013, Vaisman has been in charge of Ukrainian VTB Bank. Following the results of 2013, Forbes listed VTB Bank in the Top 20 of the most efficient banks in Ukraine.


Alexander Kostenko
Age: 38
Position:
CEO of Ukrainian Agrarian Investments

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Alexander Kostenko

Photo by Yurii Lesnyi for Forbes Ukraine


Incorporated by Stephen Jennings, Ukrainian Agrarian Investments started earning profits only when Alexandr Kostenko headed it. When in the summer of 2009 he became the CEO, only a quarter of its 286,000 ha of land were cultivated. The first thing that the former general manager of Milk Alliance and Cheese Club did, he sold part of the land that had been standing idle for over ten years. By reducing the land bank, Kostenko increased the cultivated area by 126,000 ha during three years: in 2012, the company already cultivated 196,000 ha. Kostenko acted decisively: he halved the production expenses down to USD 400-600 per hectare, halved the personnel, formed a park of agricultural machinery and purchased five grain elevators. Following the results of 2010, the holding gained profits at an amount of USD 26.2 million, for the first time during its existence. In 2011, the profits grew by 83%, up to USD 47 million, and in 2012 it was almost USD 52.1 million.

The CEO list is compiled on the basis of the poll of the consulting companies specialised in searching for top-managers, such as Talent Advisors, Ward Howell, RosExpert и Pedersen & Partners. The top-managers are presented in an arbitrary sequence.


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