Cherkizovo Group

Transfer description

Cherkizovo group was founded in 2005. The company has 8 poultry farms of full cycle, 14 modern pig complexes, 6 meat-processing plants and 6 combined feed mills. In 2016 net profit of the company amounted to 1.9 billion , annual turnover was 90.5 billion . The headquarters is located in Moscow.

The founder of Cherkizovo group – Igor Babaev ran the company for about 30 years. During this period, his sons Evgenii and Sergei received education in Russia, and then continued it in Switzerland and America. They had their own business abroad, but nevertheless Igor kept them informed about family business. Father often took them to meat processing plants around the world as language assistants, and children had the opportunity to see this business from the inside.

After a while, Sergei (the eldest son) decided to work with his father and started marketing. Then Evgenii (younger son) joined the business. During 10 years they have passed all levels of operational management, moving from meat processing to poultry farming, pig farming, plant growing, dairy business.

Igor saw that his children work with desire, passion and become more professional every year: “Finally, it was the moment when I realized that they are doing it [running the business] better than me, and I transferred the company into their hands without hesitation”. At the moment, Igor Babaev is engaged in issues of development strategy and business ideology. He shared his shareholding in the company between family members and now keeps 16.6% of shares.

Source: RBC – 2014
Https://www.rbc.ru/interview/business/28/10/2014/544e4d07cbb20f0359b476c6


Facts

PreviousCurrent
OwnerIgor BabaevEvgenii Mikhailov and Sergei Mikhailov
Legal form of the
company
PLCPLC
Number of employees 20.00020.600
BrandModel of transferInvolved institutionCountry
Cherkizovo1 Family transfer
NoneRussia
made by Marzena Grzesiak and Anita Richert-Kaźmierska