Tiit Hõbejõgi awarded as the Energy Solutions Finance Director of the Year 2019

The Digital Business Magazine, Acquisition International (AI), is annually giving global awards in business-thematic categories. Tiit Hõbejõgi in Adven Estonia was nomimated as the winner of this year's European Energy Solutions Financial Manager prize.

Tiit Hõbejõgi, MBA and PhD in Power engineering, is CFO of Adven companies in the Baltic region, where he is responsible for finance, IT and automation.

“I am really pleased that this international recognition came to Estonia. I would like to thank Adven's professional and solution-oriented team with whom it is a pleasure to work. I believe that we will continue to do great things in the future.“

In addition to everyday finance questions, Tiit has been helping to keep Adven on its growth path through both organic growth and mergers and acquisitions. He believes that behind the prize is the large-scale projects carried out last year. “In 2018, we conducted five successful acquisition deals with Adven Estonia team and expanded our operations to Latvia.”


Adven has conducted comprehensive development work related to greener energy production and reducing the carbon footprint of plants and district heating networks. One aspect of the acquisitions is also to help to drive industries towards better sustainability for example thorough conversions from fossil fuels to local bio fuels. This is something that Tiit is particularly passionate about: “Being part of making the world a better place is driving me forward. Working in the finance function allows me to be in the centre of the development.”

Acquisition International used a unbiased panel to identify the winner. The panel familiarized itself with the nominees and their achievements and carried out a factual and background check. According to AI, the design of the panel in this form is the most effective to find out the winners. 

Congratulations Tiit!


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