• About Us
  • Contact Us
  • Privacy Policy
  • Pay Now
The INC Magazine
  • Home
  • Industry Updates
  • Magazine
  • Brand Story
  • Press Release
  • BLOGS
No Result
View All Result
  • Home
  • Industry Updates
  • Magazine
  • Brand Story
  • Press Release
  • BLOGS
No Result
View All Result
The INC Magazine
Home The 10 Most Admired Business Leaders to Watch in 2022_profiles
Jekaterina Stuge

Jekaterina Stuge

A Tale of Dynamic Leadership and Inspiring Journey: Jekaterina Stuge

admin by admin
Share on FacebookShare on Twitter

Abusiness leader, advisor, financial expert, and trailblazer, Jekaterina Stuge, Group Chief Executive Officer, and Board Member at Amber Beverage Group, is one of the rare female C-Suite examples in the beverage industry. In addition to her excellent ability to manage and develop a global business, innovation is her second passion as she is truly an innovative leader on an everyday basis.

Jekaterina Stuge joined the SPI Group (mother company of Amber Beverage Group) as the CFO of the Baltic business unit in 2014. She has participated in the development of Amber Beverage Group (further also ABG) and since that time, she has worked across many parts of the business. While she held the roles of CFO and COO in the Group, she was made CEO in 2020. As an executive, she has overseen the company’s growth and now is set to reach the main ABG goal: to become a 1 billion company over the next five years.

When the global pandemic struck the beverage industry, Jekaterina Stuge was part of the management team that proactively focused on realigning ABG businesses to work within the new reality. Through effective cost management, streamlining internal processes, growth in production, and a quick introduction of new brands, ABG exceeded its performance despite the pandemic.

More about the Amber Beverage Group

Amber Beverage Group is a rapidly growing global spirits company, which is 2020 and 2021 entered several new international markets and grew awareness of its core brands: Moskovskaya Vodka, KAH Tequila, Riga Black Balsam, Rooster Rojo tequila, Cross Keys Gin, and Cosmopolitan Diva.

Amber Beverage Group’s products are found in millions of households across the globe. Over the last seven years, the Group has grown significantly, nearly doubling its business and expanding internationally through a series of acquisitions. The Group has further enhanced its international operations by establishing and enlarging its footprint in the Americas, the Asia Pacific, and Europe, from which the Group will continue to benefit going forward.

ABG is a leading beverage producer, distributor, logistics provider, and retailer, with over 1400 brands spanning everything from premium vodka and sparkling wines to specialty Mexican tequilas. The company has grown from its original core production business established in 1900, to become a global spirits industry player that, despite the challenges faced by the industry in 2020, had one of its busiest years with excellent financial results reaching almost EUR 31m EBITDA, which exceeds the previous results.

Clientele & Corporate Ethos

Amber Beverage Group has around 2000 employees in more than 20 companies from production all the way through to retail. In each function – production, logistics, distribution, or retail – they have several dozens, even hundreds of clients. And each of them is treated individually following their execution standards. The management has worked hard to create a common culture and to streamline its operations so that they can respond organically to the rapidly changing marketplace and the client’s needs. ABG continuously invests in the simplification and integration of essential functions, through a common platform for day-to-day business activities. This is the internal flow of energy and information that powers its independent, yet integrated business divisions.

Towards Global Expansion

Some believe all it takes to become a global market leader is deep pockets, but in reality, it takes a lot more. From local producer to global spirits company, the Amber Beverage Group is a perfect case in point. They expanded the business quite rapidly, so the family got bigger and bigger, their corporate DNA became more diverse, and there were even more processes to be managed. They actively work to improve and optimize their daily work in order to support this growth.

Jekaterina Stuge believes that getting used to changes is the biggest challenge in every company. “Thinking of what and how can be changed and done more efficiently is part of my daily life. The main challenge in driving non-stop improvements in such a global company as ABG is to make people believe that they need these changes and convince them to see that as something positive and not as a threat. From my perspective, this is a very interesting process,” she says.

ABG has transformed from a Baltic enterprise into a global organization with world-class infrastructure. In addition to developing and growing the business ABG already maintains, the Group has been active to acquire and integrate several new companies in the UK, Australia, Austria, and elsewhere. “ABG is operating in a highly competitive environment and faces pressure from both local and international spirits producers. This is the reason why ABG is looking to be a widely integrated company through production, distribution, and retail. Through our own distribution businesses and working with independent distribution partners in global markets, ABG has developed unique capabilities and competitive advantages in relation to the critical aspects of route-to-market management,” adds Jekaterina Stuge.

From the CEO’s Desk

Key Factors behind the Success

Jekaterina Stuge said, “There are two things that helped to reach where I am today. The first one, dedication, hard work, and enthusiasm for the company that I represent. And second, the teams that I have worked with. I’ve always believed that the right team stimulates you to reach the best results possible. The team that pushes each other to the next level is priceless while achieving your personal and also company’s goals”.

The Daily Routine

Every day Jekaterina Stuge starts quite early in the morning by opening emails and checking the up-to-date results that are sent automatically via several programs. Thus she knows where her focus should be spent on this day.

After that, she goes for a short walk to think about the priorities of the day and structures her thoughts, so the day brings the best results possible. As Jekaterina’s everyday is quite busy, the good news is that everyone in her family could be perceived as hard workers, and now when her kids are teenagers and out of the nest, she can truly dive into her aspiration – grow ABG as a global TOP10 industry leader.

Jekaterina Stuge leads numerous projects to help around twenty ABG companies to fasten their everyday processes. She is constantly innovating the company’s products and sales channels to get closer to the customers and their needs wherever they are. With roots in the business stretching back over a century, it is a challenge to keep pace with the ever-changing marketplace, while investing in qualities that matter.

Favourite Book: “The Da Vinci Code”

Future Outlook

The key objective of Jekaterina Stuge in her role as the CEO of Amber Beverage Group is to pivot the whole organisation by means of an innovation agenda. This includes the development of new products, expansion in new markets and consumer segments, the introduction of the latest technologies in AI and automation, and reinvention of operational and production processes to achieve efficiencies.

Overall, ABG is continuing on its path towards its ambition to become a Top 10 spirits industry player globally. This will be achieved through smart brand building, active management of sales channels, expanding ABG e-ambition, further investment in innovation, focused work on efficiency and effectiveness programs, and capturing new business opportunities.

Jewels in the Crown

In the past Jekaterina Stuge has won several business awards including the Best Female CEO from Latvia of the Year 2020 in the Global 100 Annual Awards, the prestigious Business Worldwide Global Corporate Excellence Award in such categories as The Most Innovative CFO – Latvia and The Strongest Growth Strategy Team in Europe. Finance Monthly Magazine has recognized Jekaterina Stuge as one of the strongest financial professionals in the region.

Advice for Female Entrepreneurs

Diversity in the workplace, including gender diversity, makes things better. As simple as that. It works like a law of physics – the more perspectives you have, the more active and creative the workplace dynamic becomes, and as a result – the more efficient the outcomes are. To sum it up – you get better performance. And yet this rule is still far from reality and gender parity remains elusive.

But here I want to offer an optimistic view. The situation for women in the workplace, despite the entrenched obstacles, has perhaps never been better. That glass ceiling is there, but it is now within the reach to be knocked at and eventually shattered. This is the time for us, women, to dare and challenge and take that ambitious step by saying out loud “Yes, I have the competence and the vision, and I will be the leader!”

Tags: Jekaterina Stuge
admin

admin

Related Posts

Saritha Arunkumar | EMEA Lead | Executive Security advisor

Saritha Arunkumar: An Experienced Thought Leader Shaping up Security in Emerging Technologies

November 30, 2022
Paola Vu serves as the Business Unit Director of Fictiv

Paola Vu: Helping Companies Streamline their Custom Part Sourcing Workflows

October 6, 2022
Tamara Lundgren | CEO | Schnitzer Steel

Tamara Lundgren: Creating a Better World to Live in

October 6, 2022
Shirley Wang | Plastpro Inc

Shirley Wang: Redefining Leadership

October 6, 2022
10 Women CEOs to Follow in Global Market

10 Women CEOs to Follow in Global Market

September 15, 2022
Connecting FEMALE ENTREPRENEURS

Connecting FEMALE ENTREPRENEURS With Right Investors For Their Business

August 26, 2022
Next Post
Gilles Herard

A Professional and Thoughtful Leader, Providing Tailored Funding Solutions At CCMB: Gilles Herard

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

The Inc Magazine is the best Corporate Magazine across the globe for creativity and uniqueness. Presence on globally, it focuses uniquely on delivering effective and collaborative solutions to strengthen market share. Inspire zone is a global media organization dedicated to helping its readers, viewers, and attendees succeed big in business through unrivaled access and excellence in every words of storytelling.

“If your actions inspire others to dream more, learn more, do more and become more, you are a leader”

Tweets by TheINCMagazine

Recent News

Neha Mathur | Co-Founder | Chief Business Officer | Personifwy

Neha Mathur: A Woman Entrepreneur spearheading an Exclusive AI-enabled Workforce Engagement Platform

February 3, 2023
Social media will become a customer service tool

Social media will become a customer service tool

February 3, 2023
Mobile optimization will be even more important

Mobile optimization will be even more important

February 2, 2023
Mental Health

Educators’ Role in Promoting Mental Health

February 2, 2023
  • Home
  • Industry Updates
  • Magazine
  • Brand Story
  • Press Release
  • BLOGS

Copyright © 2022 By The INC Magazine | All Rights Reserved.

No Result
View All Result
  • Home
  • Industry Updates
  • Magazine
  • Brand Story
  • Press Release
  • BLOGS

Copyright © 2022 By The INC Magazine | All Rights Reserved.