David Iakobachvili is one of the founders of the largest Russian company JSC Wimm-Bill-Dann the manufacturer of dairy products, juices and beverages. In 2001 JSC Wimm-Bill-Dann issued shares and successfully signed on the in the NISE. For more than ten years David Iakobachvili was the Chairman of the Board of Directors of this company. In 2011, PepsiCo bought the company.
At present David Iakobachvili is the President of Orion Heritage Ltd, joint proprietor of Petrocas Energy Holding Ltd, and a Deputy Chairman of the Board of Directors of Sistema JSFC. He is a member of the steering bodies of influential Russian and international organizations. David Iakobachvili is the Vice President and a member of the BUREAU of board of Russian Union of Industrialists and Entrepreneurs (RUIE), Head of RUIE Committee on Corporate Social Responsibility and Demographic Policy, Head of the United Committee on Ethics within the framework of RUIE, a member of the Task group of RUIE BUREAU of board on financial stability and economic growth.
He is a member of the Board of Directors of Chamber of Commerce and Industry of the Russian Federation (ChCI RF), President of the Russian-American Business Council, Chairman of the Directors Board of RusBrand non-commercial partnership, a member of Coordination Council on protection of intellectual property, a member of the General Council of «Business Russia» LLC, and a member of the World Economic Forum in Davos.
He is the chairman of the Target group on job creation, unemployment and investments into the human capital of B20, the member of the International Business Advisory Council (IBAC was created within B20 in 2015), a member of Association the French-Russian dialogue, a member of Advisory Council on food security, a member of the Presidential international Council of University of New York (NYU), a member of Bureau of Presidium of the Russian-Jewish congress.
David Iakobachvili is a member of the Public Council within the framework of the Ministry of Culture of the Russian Federation, a member of the Public council of the Ministry of Construction, Housing and Communal services of the Russian Federation. David Iakobachvili is a member of the Musical Box Society of Great Britain.