Oct 13, 2011
Growing the family power company from producing 22 megawatts to a staggering 3,137 megawatts is but one of the reasons why Erramon Aboitiz, president and chief executive officer of AboitizPower Corp. is this year’s Ernst & Young’s Entrepreneur of the Year Philippines 2011.
Leading the family company into a new era, Aboitiz spearheaded the company’s foray into an initial public offering that gave the company the resources to strategically acquire privatized energy generating assets.
Aboitiz also led the company into becoming one of the first providers of clean energy. Cleanergy, the company’s brand of clean and renewable energy, harnessed from their hydroelectric and geothermal power plants. While AboitizPower continues to build coal-fired power plants, it uses clean coal technology.
Aside from being the Entrepreneur of the Year Philippines 2011, Aboitiz was also announced as the Master Entrepreneur of the Year.
Other winners include Bienvenido Tantoco III of Rustan’s Supercenters Inc. as Innovation Entrepreneur, Ferdinand Maranon of Sagrex Corp. as Emerging Entrepreneur, Maria Fe Agudo of Hyundai Asia Resources Inc as Woman Entrepreneur, Reynaldo Paulino of Kraftika Filipina as Small Business Entrepreneur, and Anna and Camille Meloto of Human Nature as Social Entrepreneurs.
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Erramon Aboitiz named Entrepreneur of the Year
Posted at 10/13/2011 5:21 PM | Updated as of 10/13/2011 8:17 PM
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| Aboitiz Power Corp. President and CEO Erramon Aboitiz. Photo Grab from ANC |
MANILA, Philippines - Erramon Aboitiz, president and CEO of Aboitiz Power Corp., is Entrepreneur Of The Year 2011.
In an awards banquet held at the Makati Shangri-La Hotel Wednesday night, Aboitiz was cited for his exemplary vision, leadership and financial expertise.
Aboitiz, who also won the category award for Master Entrepreneur 2011, will represent the Philippines in the World Entrepreneur Of The Year Awards in Monte Claro, Monaco in June next year.
Aboitiz said the Philippines is a great place for business.
"I've always maintained that there are a lot of opportunities in the Philippines. A lot of people have asked us do we have aspirations to go abroad. Our answer has always been, 'what for?' We have the opportunities in the Philippines. And if we look hard enough and try hard enough, we will definitely find those opportunities."
He also believes that Filipinos can excel globally not just as ordinary workers, but as businessmen.
"On the global basis, we are the preferred workforce and there's no reason why we can't achieve more than just being workers of the world, but really be entrepreneurs of the world."
Other entrepreneurs who have shown excellence in their fields were also honored during the awards night.
Ferdinand Marañon, president and CEO of Sagrex Corp., was named Emerging Entrepreneur for exemplifying the start-up process.
Maria Fe Agudo, president and CEO of Hyundai Asia Resources Inc., received the Woman Entrepreneur award for displaying great leadership, particularly in a male-dominated industry.
"Being a woman and being a mother gives you the advantage of having a natural instinct, emotional attachment to your job and at the same time, stability of decision," said Agudo.
Meanwhile, the Small Business Entreprener award was given to Reynaldo Paulino, managing director of Kraftika Filipina, a firm that uses inidgenous materials to create fashion accessories.
Anna Meloto-Wilk and Camille Meloto of Gandang Kalikasan Inc., were named Social Entrepreneurs for creating an organization for the poor.
Bienvenido Tantoco III, president of Rustans Supercenters Inc., was Innovation Entrepreneur for turning around and growing his company that previously had huge debts.
Tantoco had this advice to start-up entrepreneurs: "Never ever surrender. When you're in the middle of your own crisis, try to reconnect with the original purpose, the original thing that inspired you to develop your business. Hang on to that as your purpose."
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