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Naum Babaev

Naum Babaev

Founder, Chairman of the Board of Directors, Damate Group
Biography
The co-founder and chairman of the Board of Directors of DAMATE Group – one of the largest producers of turkey meat in the country, chairman of the Board of Directors of Russian Dairy Company, one of the leading producers of raw milk in Russia. His professional career began in 1996. He has been working in the agribusiness since 2000. At the present time, DAMATE Group is implementing a project for expansion of turkey production and processing from 60 to 155 thousand tons of finished product per year, under the leadership of Naum Babaev. The largest milk farm in Siberia – a joint project with Danone, is a part of DAMATE Group. The company also owns the leading producer of milk in Penza region – the Penza dairy processing plant (Molkom). One of the first projects created by Naum Babaev in 2007 was Russian dairy company (Rusmolko). For a short period of time, the company became one of the largest producers of raw milk in the country. Since 2012, the company has been implementing a joint investment program with the Singapore holding OlamInternational. To date, Rusmolko has implemented a number of projects in crop production and dairy farming. Before joining his own business in 2006, Naum Babayev headed the agricultural sector of the Cherkizovo Group. Under his leadership and with direct participation, a number of projects have been implemented, including the creation of one of Russia's largest poultry holdings with a full production cycle. With active participation of Naum Babayev, Cherkizovo Group successfully conducted an IPO on the London Commodity Goods Exchange in 2006. Being one of the acknowledged experts in the poultry industry, Naum Babayev initiated the European Poultry Club, which in 2002 united the largest European poultry producers. Naum Babayev graduated from the Finance Academy under the Government of the Russian Federation in 1999 with a degree in finance and credit.