Andrey Korkunov

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Andrey Korkunov
Andrey Korkunov
Born (1962-09-04) 4 September 1962 (age 61)
NationalityRussian
Alma materMoscow Power Engineering Institute
Occupation(s)Entrepreneur, investor

Andrey Korkunov or Andrei Nikolaevich Korkunov (born September 4, 1962) is a Russian entrepreneur. He was a rocket scientist but he was noted for founding the A. Korkunov Chocolate Manufacturing Company is one of the largest confectionery companies in Russia and is considered the only producer of high-end chocolates in the country.[1][2] Korkunov is also an investor.

Biography[edit]

Korkunov was born on September 4, 1962, to a family of engineers in Aleksin.[3][4] He started doing odd jobs in his early years and supplemented them by selling illicit cigarettes and clothing he purchased from tourists.[2] He obtained his undergraduate degree at the Moscow Power Engineering Institute.[4] After graduation, he was employed by the Podolsk Electromechanical Plant, where he rose to become a foreman of an assembly unit.[4] He then worked for a design bureau in Kolomna, Moscow, before retiring from the Russian industrial military complex due to the significant decline in demand for military hardware after the perestroika.[4]

Korkunov started his chocolate company with his own money.[5][6] The enterprise was established as Odintsovo Chocolate Factory and it introduced the now-famous brand "A. Korkunov".[7] Central to the founding of his company was David Munger, a Canadian-born business owner, who eventually became the manager of the chocolate business.[8] The pair worked to operate a profitable business by scouring Europe for cheaper suppliers.[8]

Aside from his confectionery company, Korkunov is also an angel investor. He founded Ankor Bank and has invested in internet companies such as Apps4all, a platform that connects international technology companies with mobile application developers.[9] He also expanded his business by venturing into storage services through his company called Mobius.[10]

In 2004, Korkunov was awarded the Employer of the Year in Russia.[6] By 2021, he was declared bankrupt following a court-ordered debt restructuring in response to a request by Angkor Bank.[11]

References[edit]

  1. ^ United States Congress Senate Committee on Foreign Relations (2006). U.S. Policy Towards Russia: Hearing Before the Committee on Foreign Relations, United States Senate, One Hundred Ninth Congress, First Session, June 21, 2005. Washington, D.C.: U.S. Government Printing Office. p. 7. ISBN 978-0-16-075664-1.
  2. ^ a b "Chocolate CEO - Russia's Only Gourmet Chocolate Producer Makes Forays into International Markets". www.managementtoday.co.uk. Retrieved 2022-09-28.
  3. ^ "Andrey Korkunov: Biography And Personal Life | Biographies 2022". Culture oeuvre. Retrieved 2022-09-20.
  4. ^ a b c d "Korkunov who is the manufacturer". caffeilcarro.ru. September 8, 2021. Retrieved 2022-09-20.
  5. ^ Relations, United States Congress Senate Committee on Foreign (2006). U.S. Policy Towards Russia: Hearing Before the Committee on Foreign Relations, United States Senate, One Hundred Ninth Congress, First Session, June 21, 2005. Washington, D.C.: U.S. Government Printing Office. p. 7. ISBN 978-0-16-075664-1.
  6. ^ a b "- U.S. POLICY TOWARD RUSSIA". www.govinfo.gov. Retrieved 2022-09-20.
  7. ^ "Andrey Korkunov". Roscongress Building Trust. Retrieved 2022-09-20.
  8. ^ a b Kerawala, Minaz (November 5, 2017). "How a Quebecer became the Kremlin's official chocolatier in Putin's Russia". CBC. Retrieved September 21, 2022.
  9. ^ Vedomosti; Golitsyna, Anastasiya (2013-07-18). "Founder of Ankor Bank invests $1 million in Apps4all". Russia Beyond. Retrieved 2022-10-11.
  10. ^ Dranishnikova, Maria (2010-12-05). "Korkunov Builds Up Warehouse Firm". The Moscow Times. Retrieved 2022-10-12.
  11. ^ ""Chocolate King of Russia" declared bankrupt". Silkway News. 2021-03-11. Retrieved 2022-10-12.