Valery Kustov has held various managerial positions in the Group's companies since 1994. Mr. Kustov has been in charge of shaping the company's long-term development concept, social construction programme, and HR strategic development system. Starting 2002, he has been serving as Chairman of the Board of Directors at EFKO Produkty Pitaniya OJSC (previously, APIK-EFKO CJSC). In 1994–2002, he was CEO of EFKO OJSC. Prior to his work with the Group, Valery Kustov was head of a company manufacturing vegetable oil extraction equipment. He graduated from Voronezh State Technical University, majoring in Electrical Engineering. He defended a thesis at the Russian Academy of Public Administration under the President of the Russian Federation, receiving a Psy.D.