Erramon Aboitiz wins successive awards

Wednesday, October 26, 2011

AFTER having been named entrepreneur of the year by Ernst and Young, another distinction was awarded to Aboitiz Equity Ventures (AEV) and AboitizPower Corp. president and chief executive officer Erramon Aboitiz.

The Management Association of the Philippines (Map) named Aboitiz management man of the year for his “unquestioned distinction,” in the practice of management and for contributing to the country’s progress, the Philippine News Agency reported.

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Just recently, SGV and Co. awarded him entrepreneur of year. Aboitiz will represent the Philippines in the Ernst and Young entrepreneur of the year 2012 awards in Monte Carlo, Monaco. The award seeks to recognize the achievments of the most successful and innovative entrepreneurs worldwide.

According to the SGV website, Aboitiz exhibited “exemplary vision in leadership and financial expertise” which allowed him to turn AboitizPower from a regional power distributor into a national distributor.

They credited his vision of providing stable, affordable and environment-friendly energy for the corporation’s success in acquiring a diverse range of power assets that “tailor-fit” their offerings to the need of consumers while at the same time promoting the use of clean and renewable energy.

He was also awarded master entrepreneur for applying sound management practices in the areas of finance, marketing, human resources and sales.

Model

MAP, for its part, described Aboitiz as a “model of management excellence and dedication” for being able to transform a regional business group into a “geographically and technologically diversified” conglomerate.

AEV has operations in power, banking, food, transportation, property development and construction.

MAP said AEV’s contribution to national development was in power generation, job creation and income generation.

The organization also lauded the company’s corporate social responsibility initiatives, which they said, uplifted the quality of life in many communities by contributing in the fields of education, healthcare, enterprise development and the environment.

They also took note of Aboitiz’s role in the formulation and implementation of professional management practices in a family-owned enterprise, which they see as an example for many families and entrepreneurs.

They also lauded Aboitiz for serving as an “exemplary practitioner” who has good corporate governance characterized by integrity, honesty, fairness, transparency and accountability in his management career.

Published in the Sun.Star Cebu newspaper on October 27, 2011.