- Arowana wins Most Innovative Company of the Year (up to 100 employees), Achievement in Organization Recovery and Chairman of the Year at the prestigious International Business Awards
- Awards praise Arowana’s innovative approach to building companies and highly successful turnaround of NASDAQ-listed VivoPower, which experienced up to a 2400% increase in share price in 7 months
SINGAPORE--(BUSINESS WIRE)--$AWN #BCorp--Arowana, the established B Corporation accredited investment group, announces that it has been awarded three sought-after Gold Stevie Awards at the 18th Annual International Business Awards, the world’s premier business awards program.
Arowana has been awarded Gold in Most Innovative Company of the Year (up to 100 employees), Achievement in Organization Recovery and Chairman of the Year. The International Business Awards are the world’s premier business awards program, attracting close to 4,000 nominations from more than 60 countries.
Arowana was awarded a Gold Stevie for Most Innovative Company of the Year (up to 100 employees), recognising Arowana’s unique purpose and approach to building companies that it invests in and operate. As a B Corp, Arowana is selectively focussed on enterprises that serve a real purpose, working directly with companies that deliver a positive impact to all stakeholders. The Arowana team brings an uncommon combination of technology, operational and financial capabilities to drive innovation, growth and value creation. At the onset of the COVID-19 pandemic in 2020, Arowana set a strategy to implement digital transformation across all of its companies globally and results over the last year across the group reflect the successful execution of this strategy.
Arowana’s Gold Stevie Award for Achievement in Organisation Recovery recognised its successful turnaround of VivoPower International (NASDAQ:VVPR). In March 2020, VivoPower's share price was below US$1.00 with a market cap of US$10m; seven months’ later, following a transformational intervention by Arowana, VivoPower’s price achieved an all-time high of US$24.00, representing a 2400% increase. Arowana formulated and executed a hyperturnaround plan to target key strategic, business and cultural challenges, recapitalising the Company and helped consummate a strategic acquisition. The judging panel recognised the remarkable success and speed of this turnaround.
Kevin Chin, Founder and CEO of Arowana was awarded the Gold Stevie Award for Chairman of the Year for his leadership in successfully driving innovation across Arowana’s group of companies as well as for the execution of VivoPower’s turnaround. Kevin stepped in to act as Executive Chairman and CEO of VivoPower to oversee the execution of the turnaround and regenerate the Company’s culture.
Arowana was also awarded three Bronze Stevies for Company of the Year - Business or Professional Services (Medium-size), Energy Industry Innovation of the Year and Achievement in Growth.
Kevin Chin, Founder and CEO of Arowana, said:
“The International Business Awards are the Oscars for the business world and to receive three Gold Stevies is a testament to the Arowana team’s resilience, creativity and commitment during a very difficult operating environment. I am particularly pleased with the success of our drive to digital transformation across all our companies, which have not only transformed their financials but also their future growth trajectories.
“Whilst I am humbled with the recognition of the International Chairman of the Year award especially given the stature of some of the past winners, business is a team game and such individual awards are not possible without a strong collective. I am very proud of what the Arowana team has been able to achieve against the odds over the past year.”
International Business Awards Judges commented:
“Arowana and its Chairman & CEO Mr. Chin deserve accolades for transformational innovation and an inspiring and remarkable turnaround. Their story reinforces that strong and clear-eyed, outcome-driven leadership can turn around the welfare of an organization in the relative brink of an eye.”
Arowana is an international B Corporation investment group that has operating companies and investments across the United Kingdom, South East Asia, Australia, Israel, Europe and the United States. Established in 2007, Arowana’s purpose is to grow people, grow companies and grow value.
About Stevie Awards and the International Business Awards
The International Business Awards are the world’s premier business awards program. They form part of the Stevie Awards which are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 nominations each year from organizations in more than 70 nations. Honouring organisations of all types and sizes and the people behind them, the Stevie’s recognise outstanding performances in the workplace worldwide.
For more on the International Business Awards: www.StevieAwards.com/IBA
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