Primary Job Title Founder Primary Organization X5 Retail Group
Location Greater Chicago Area, United States, North America Regions Great Lakes Gender Male
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Andrey Rogachev is a Assistant Professor at Illinois Institute of Technology. Andrey previously worked at Cornell University as a postdoc. He attended Lomonosov Moscow State University (MSU).
In 1989, he created the Environmental Control Laboratory (LEK). In 1992 the company's main focus shifted to real property. At first, the company offered
premises for lease, and in 1998 they entered the residential construction market.
In 1998, Andrey Rogachev and his partners registered Agrotorg LLC. In February 1999 the company opened the first Pyaterochka store in St Petersburg; 15 more stores were opened by year-end. In 2001 Pyaterochka entered Moscow.
Following the merger with retail chain Perekrestok in 2006, X5 Retail Group was created; their main shareholders are Alfa Financial Group; Pyaterocka founders received approximately 25% of the shares (mainly owned by Rogachev and Alexander Gidra). In 2008, Rogachev quit X5's Board. In 2011 he sold his 11.14% of X5 shares, for approximately $1.38 billion. From 2010 he mainly focused on real property investments and other food retail businesses.
In 2012, Rogachev founded Verny, a chain of discounter stores «Vernii». At the beginning of 2015, the chain contained more than 400 stores in the Central, North-Western and in the Urals Districts of Russia.
In 2015, Rogachev with his partner Alexander Volchek started B2B food trading platform AGRO24.
