Chernikov went further in his letter, demanding that Epam not only sever ties with Russian and Belarusian clients, but also close operations in those countries, where the company has 18,000 employees, and throw Epams resources into supporting the Ukrainian governments volunteer hacker brigades. Yes it could. But the stock has lost half its value since December on fears the Russian . Today, EPAM is a Forbes Global 2000 company and a part of the S&P 500 Index. Presently, he is Chairman, President & Chief Executive Officer at this company. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, Transcript : EPAM Systems, Inc., Q4 2022 Earnings Call, Feb 16, 2023, Transcript : EPAM Systems, Inc., Q3 2022 Earnings Call, Nov 03, 2022, Transcript : EPAM Systems, Inc., Q2 2022 Earnings Call, Aug 04, 2022, Transcript : EPAM Systems, Inc. - Analyst/Investor Day, Transcript : EPAM Systems, Inc., Q1 2022 Earnings Call, May 05, 2022, Transcript : EPAM Systems, Inc., Q4 2021 Earnings Call, Feb 17, 2022, Chairman, President & Chief Executive Officer. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Leonid Losner, Dobkin's friend and classmate, engineer [8], In 2006, EPAM acquired VDI, a software development services company with delivery centers in Russia, which expanded the companys presence in the CIS region. During May-August they were intervieved individually , and finally members of the jury selected 11 finalists. As of 13 December 2021 he still owns at least 1,251,808 units of EPAM Systems Inc stock. 6 Arkadiy Dobkin - EPAM Systems. I have senior people in Belarus and I know if I risk this, they can be arrested, says Dobkin. The Connecticutbased firearm manufacturing company is the fourth largest in the United States. Once logged in, you can add biography in the database, engineer CEO Arkadiy Dobkin credited the solution provider's emerging digital technology practice with propelling EPAM to its 17th quarter of growth out of the last 18. Wall Street is Looking Bullish on . Dobkin was one of them. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Israels judicial overhaul: What is the coalition planning and where does it stand? Currently, NIC employs more than 725 people in the country. Since 1993, EPAM Systems, Inc. has leveraged its software engineering expertise to become a leading global product development, digital platform engineering, and top digital and product design agency. Through its 'Engineering DNA' and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver next-gen solutions that turn complex business challenges into real business outcomes. I never said Arkadiy is a bad guy but I wanted him to be a hero, a true leader in this situation. "EPAM Reports Results for Full Year 2022", "Know The Success Story of EPAM Systems and its Journey", "EPAM Systems, Inc. ranked number 292 among fastest growing technology companies in North America on the 2002 Deloitte & Touche Technology Fast 500", "EPAM Systems, Inc. successfully listed on the New York Stock Exchange", "EPAM Systems, Inc. (EPAM) Stock Price, News, Quote & History - Yahoo Finance", "Epam merges to expand offshore services", "PhillyDeals: EPAM Systems buys Conshohocken's Empathy Lab", "EPAM Acquires Continuum, Expanding Global Innovation, Design and Physical Product Development Capabilities", "Global software firm buys digital agency TH_NK", "EPAM Launches InfoNgen 7.0 to Improve Actionable Insights", "EPAM Wins 2019 Big Innovation Award For TelescopeAI, An AI-Enabled Platform To Help Businesses Manage The ir IT Operations", "EPAM Joins Blockchain in Transport Alliance, Largest Association in the World | EPAM", "Why Open Source Software is Critical to the Future of Financial Services", "EPAM Adds Engineering Scale with Colombia Acquisition", "EPAM Systems Acquires CORE SE For Undisclosed Sum To Expand Western European Presence", "Israel Cybersecurity Co White-Hat Bought Out By EPAM For $50 Million", "EPAM Expands Salesforce Capabilities with Acquisition of PolSource", "Emerald to acquire Innospec Widnes to expand its footprint in global fragrance industry", "Ukraine Stance by U.S. Tech Firm Epam Sparks Internal Dissension", "Ukraine War Divides Employees At American Tech Company That Straddles The Front Lines", "EPAM ", "EPAM Systems Begins Process of Exiting Operations in Russia", " EPAM ", "EPAM Systems Starts Exiting Russian Operations After Ukraine Invasion", "EPAM Systems Acquires B2BITS Corp., a Leading Provider of Solutions and Consulting Services to the Capital Markets", "EPAM Strengthens Its Business Information Services Offerings by Acquiring Instant Information, a Leading Provider of Cloud Based Information Management and Discovery Services", "EPAM Acquires Healthcare Technology Consulting Firm, Netsoft USA", "EPAM Acquires Jointech, Expands China-Based Delivery Capabilities", "EPAM Acquires Great Fridays, Product and Service Design Company", "EPAM Expands Digital Engagement Practice With Acquisition of NavigationArts", "EPAM Enhances Global Delivery Capabilities and Extends Footprint in China with Acquisition of Dextrys", "EPAM Expands Education and Learning Offerings With Acquisition of Competentum", "EPAM Acquires NAYA Technologies, An Israeli and US-Based Consultancy Specializing in Complex Cloud Migration and Data Management Services", "EPAM Acquires Ricston Ltd., Expanding Global API Practice and Salesforce Capabilities", "EPAM Enhances Salesforce Capabilities With PolSource Buyout", "American tech giant EPAM acquires Israeli security startup White-Hat", "EPAM Systems (EPAM) Acquires Emakina, Boosts Digital Portfolio", "EPAM Acquires Optiva, Boosts Digital Transformation Portfolio", "EPAM Named to Forbes List and Wins Oracle Award", "EPAM Ranked #8 on Forbes' List of 25 Fastest Growing Public Tech Companies", "EPAM Again Joins Forbes' List of 25 Fastest Growing Public Tech Companies", "HFS Top 10 Travel, Hospitality, and Logistics Service Providers", " EPAM TelescopeAI BIG Innovation Award 2019", "KMWorld 100 Companies That Matter in Knowledge Management 2019", https://en.wikipedia.org/w/index.php?title=EPAM_Systems&oldid=1142236235, Companies listed on the New York Stock Exchange, Companies based in Bucks County, Pennsylvania, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, Consulting services and technology solutions, Digital Strategy & Omnichannel Experience Design, Telecommunications, Agile, Business Intelligence & Mobile, Investment Banking, Wealth & Asset Management, Product Development Services & Test Automation, Software engineering and application services, Digital Strategy, Experience Design & Innovation Studios, Digital Consulting, Strategy & Experience Design, Educational Content Services & Learning Platform, Software and services provider for quantitative research, algorithmic and automated systematic trading, Software integration and connectivity solutions provider, SAP/S4HANA/Enterprise data and analytics program management, Consulting, strategy and transformation services, Product development and digital services (media/entertainment). entrepreneur Reports have suggested that war in Ukraine had fueled tensions between Ukrainian, Belarusian and Russian staff within the company but several Epam workers who spoke with Forbes say that they had received risky publicand privatemessages of support from colleagues across the front lines. There are no executives at EPAM Systems Inc getting paid more. So which brands and enterprises have proven themselves? Senior Editor, The public spat between Epam and some of its employees comes as the company continues efforts to evacuate its staff from areas near the fighting to the relative safety of western Ukraine. However, earnings per share fell 31% from April until June of this year, and sales fell 14%. Its founder, Arkadiy Dobkin, arrived in the U.S. after starting his first company in Belarus. The Ukrainian software engineers message from February 25 struck a chord with some of his colleagues, who criticized his suspension, and Epam CEO Arkadiy Dobkin, who called for fighting to endbut stopped short of mentioning Russia, in threads spilling over LinkedIn and Ukrainian tech forums. To commemorate the milestone, Arkadiy Dobkin, EPAM's Chairman of the Board, CEO & President, joined by members of EPAM's management team, board of directors, and invited guests will preside over . Vicki Holt, the only woman on our list, has brought about great change for Proto Labs since she was appointed CEO earlier this year. Member and former chairman of the Board of the "Infopark" Association. During the 2022 Russian invasion of Ukraine, tensions between the firm's 14,000 Ukrainian employees and the 18,000 Belarusian and Russian staff sparked dissension when the CEO Arkadiy Dobkin refrained from publicly condemning Russia in a statement on LinkedIn and rejected calls to assist the Ukrainian military. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=28683&cache=false" Arkadiy Dobkin is the CEO, President and Chairman of the Board at EPAM Systems. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Sales currently stand at a rewarding $804 million. Mike Fifer has been the Chief Executive Officer of Sturm, Ruger & Co since September of 2006. The ever-evolving industry of technology consists of cutting-edge products and services, rising demands of customers, competition by rivals and a talent pool. When Arkadiy Dobkin emigrated to the U.S. two decades ago, his first job was washing dishes. Dobkin, the CEO, wrote in a post on LinkedIn on Sunday that the company was "doing absolutely everything we can to save, help and support logistically and financially Ukrainian Epamers and their. Arkadiy Dobkin is a President, Chief Executive Officer & Chairman of the Board at EPAM Systems based in Newtown, Pennsylvania. They were sent a questionnaire, the results of which were selected 12 contestants. Several weeks ago, I was privileged to visit Kyiv and see the . He's in the top ten in the ranking of the 200 most successful and influential businessmen of Belarus. Also that year, EPAM launched InfoNgen, a text analytics and sentiment analysis enterprise software product that uses artificial intelligence. EPAM (NYSE: EPAM) on Friday announced its "full support of Ukraine," pledging an incremental $100 million humanitarian commitment to support employees and their families in Ukraine. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, Chairman/President/CEO/Founder, Epam Systems Inc. EPAM Systems Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. "What is. There are 5 older and 18 younger executives at EPAM Systems Inc. Taking into account various assets, Arkadiy's net worth is greater than $499,999; and makes between $200 - 249,999 a year. I have a very strong reason why. "We've seen tremendous disruption brought forth by the COVID-19 crisis," said Arkadiy Dobkin, CEO & President, EPAM Systems, Inc. "Our focus has been directed first and foremost on ensuring the safety and security of our people around the world, as well as the communities in which we all live and work. So be persistent, patient, and do not stop in the middle of the road.. FleetCor serves more than 500,000 commercial accounts all around the world. In the war many factories, brands and companiesthey work for the needs of the war and change their business model.. At any other company he would have been fired immediately, says Dobkin, who had last week announced plans to step up hiring in India and Latin America to reduce Epams reliance on Ukraine, Russia and Belarus. articles a month for anyone to read, even non-subscribers! On average, EPAM Systems Inc executives and independent directors trade stock every 9 days with the average trade being worth of $34,017,520. In 1993, a few years after immigrating to the U.S., Arkadiy Dobkin, an electrical engineer trained in Minsk, Belarus, started a company that aimed to tap the IT engineering talent developed in the former Soviet Union. As part of its SolutionsHub launch, EPAM also released the Open Source Contributor Index (OSCI), a tool that ranks the top open-source contributors by a commercial organization. Arkadiy Dobkin is the CEO & Co-founder at EPAM Systems. Hundreds of opponents of the authoritarian regime led by Belarusian President Alexander Lukashenko have been arrestedin recent days after security forces killeda Jewish dissident last week. With sales at $493 million and a five-year growth rate of 30%, EPAM Systems is one of America's most successful small businesses. Belarusian business man Arkadiy Dobkin has helped to develop EPAM Systems into one of the world's leading software development outsourcing services companies. Registering also lets you comment on articles and helps us improve your experience. Enter your search query or select one from the list of frequent Lifesaving emergency Ambucycle to be named by the general public, 2 killed as light plane they were flying in crashes into southern highway, Dozens of Iranian schoolgirls hospitalized in new wave of suspected poisonings, Civilians flee embattled Bakhmut as Ukrainian pullout looms amid Russian offensive, US Army soldier gets 45 years for neo-Nazi plot to ambush his own paratrooper unit, Man shot dead in vehicle in southern town of Rahat, Michigan man ordered to jail for threatening to kill Jewish state officials, Belarus jails Nobel-winning rights activist Ales Bialiatski for 10 years, Biden had cancerous skin lesion removed in February, Lebanon paralysis grows as security chief bows out, Four convicted on appeal of incitement at infamous 2015 wedding of hate, This Purim, skip or whisper the verses of slaughter. Mr. Dobkin owns 1,361,893 shares of EPAM Systems stock worth more than $416,780,115 as of February 26th. Apple, Boeing and Airbus have suspended work in Russia as part of a growing corporate backlash against the invasion that has already claimed the lives of 227 civilians and forced more than 600,000 people to flee their homes. 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If he had sent this to me, I would have told him that this was impossible and was putting our employees around the world in danger., In the wake of Chernikovs email, Epam warned staff that supporting distributed denial of service or other hacks on Russian websites were illegal, and shut down attempts to use company accounts to lobby support for Ukraine from clients. Many of Belaruss Jews, especially among the younger generations, are displeased by the lack of democratic representation and an independent judiciary in the country. End the Had Gadya cycle, Now is the time we are called to distinguish between good and evil, even as we seethe with anger and pain, The new Jewish American Girl dolls are Jewish enough, The Hoffman twins, who observe Hanukkah and Christmas, offer a relatable storyline for interfaith and non-Orthodox girls, A message to the many Jews across the world concluding that they must divorce themselves from the State of Israel, After Huwara, we must say kaddish for Judaism itself, A generation of Orthodox Jews has been raised on hate. During his monologue, Azaronak deployed the stereotypical accent of Yiddish-speaking Soviet Jews. As a recognized market leader in multiple categories among top global independent research agencies, EPAM was one of only four technology companies to appear on Forbes 25 Fastest Growing Public Tech Companies list every year of publication since 2013 and ranked as the top IT services company on Fortune's 100 Fastest-Growing Companies list of 2019 and 2020. Sales are at $487 million and the company's five-year EPS growth is at 61%. I had to fire it. (Vladimir Martsul/BelTA Pool Photo via AP). Presently, he is Chairman, President & Chief Executive Officer at this company. In 1987 he created a cooperative on software development.In 1993 he founded the outsourcing company EPAM Systems with headquarters in New Jersey.In 2006, Consulting Magazine named him as one of the Top 25 Most Influential Consultants.In 2013 Forbs recognized EPAM on its Fast Tech 25 list as sixth fastest growing technology company in North America. In the nearly 30 years since, the Newtown-headquartered . In 2004, along with the CEOs of Wipro Technologies and Consultants to Government and Industry Group, Mr. Dobkin was spotlighted as a key industry influencer in the Foreign Relations category of CRNs Top 25 Executives issue. New Investor: Siguler Guff & Company. The estimated Net Worth of Arkadiy Dobkin is at least $746 Million dollars as of 13 December 2021. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. All Rights Reserved. Everest, an outsourcing research and consulting organization, puts the number of people employed full-time in Ukraine's IT industry at more than 25,000. The business'sfive-year sales growth is 20%, as is its five-year EPS growth. "We are pretty sure that common sense will win in this case," said Dobkin. If I were there, I couldnt do anything. But others saythey appreciate the relative religious freedom and personal safetythat have characterized the Lukashenko regime. This net worth estimate does not reflect any other assets that Mr. Dobkin may own. Check Background Get Contact Info This Is Me - Edit Reputation & Background View All Proto Labs is an ultra-fast manufacturer of custom parts and product prototypes. For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members. Today that company, Epam Systems in Newtown, Pa., employs some 10,000 workers, including about 2,600 in the Ukraine, where day-to-day life has become precarious amid a conflict with Russia. Things were already looking up for Proto Labs, and Holt is pushing the success even further: company sales are at $143 million, the five year sales growth is of 30%, and the five-year EPS growth is at 51%. [27], During the 2022 Russian invasion of Ukraine, tensions between the firm's 14,000 Ukrainian employees and the 18,000 Belarusian and Russian staff sparked dissension when the CEO Arkadiy Dobkin refrained from publicly condemning Russia in a statement on LinkedIn and rejected calls to assist the Ukrainian military. In addition, he makes $4,325,620 as Chairman of the Board, President oraz Chief Executive Officer at EPAM Systems Inc. [17] That year, the company launched EPAM Continuum, its service for business, experience and technology consulting. In May 2021, EPAM acquired Just-BI,[22] a Netherlands-based consultancy specializing in SAP/S4HANA and enterprise data and analytics program management. Senior Editor Patrick Thibodeau covers Internet of Things, enterprise applications, outsourcing, government IT policies, data centers and IT workforce issues for Computerworld. Fixing corporate Americas thorny software problems with tech talent from across the former Soviet Union helped Epam to grow to $3.7 billion in sales last year. Read More . . Behrooz Abdi is taking the world of motion processing technologies by storm with InvenSense, a company whose five-year sales growth is of an impressive 86%, and whose five-year EPS rate is of an even more astounding 205%. Dobkin, while concerned about recent events, says isn't overly worried yet that the company will be impacted.