David Iakobachvili

Independent Director at Sistema

Was born in 1957 in Georgia.

Studied at Civil and Industrial Engineering Department of the Georgian Technical University in Tbilisi.

1986-2000 - private entrepreneur involved in various projects: official dealership of General Motors cars, tourism and hotel business, timber processing, management of furniture supplies, retail management, communications and banking.

In 1992 became one of the founders of a famous food company, Wimm-Bill-Dann.

1992-2001 - served as member of the Board of Directors, later the Chairman of the Board of Directors of Wimm-Bill-Dann Foods OJSC.

At present serves on the Boards of Directors of a number of companies: CJSC Gorki-2 Agro-Complex, Airport Financial Services Limited, OJSC Melnichniy kombinat No.4 (grain mill), LLC Kolmogorovskaya-2 mine, LLC Promuglesbyt Managing Company and some other companies.

Since 2000 - member of the Management Board of the Russian Union of Industrialists and Entrepreneurs (employers), since June 2004 - member of the Management Board's Bureau of the Union.

Serves on the Board of Directors of Sistema PJSFC since 2011. He is also a member of Investor Relations and Dividend Policy Committee, member of Audit, Finance and Risk Committee, and member of Strategy Committee of the Board of Directors of Sistema PJSFC.