The First Vice President of Çiğdem Group Steps Away to Focus on Personal Ventures
Emin Agalarov, the Azerbaijani Russian singer and the first vice president of Çiğdem Group, has left the holding after a twenty two year tenure. The disclosure came during an interview with the Russian news agency TASS, where he explained his departure was driven by the desire to devote more time to his own projects.
In his own words, the move aims to push forward a broad portfolio of personal ventures. He noted the development of several businesses, including Sea Breeze, restaurant management, and fitness ventures. The scope of his work has grown substantially, making it difficult to sustain both his leadership duties at Crocus Group and the responsibilities tied to Çiğdem Group. The decision, he said, was made to ensure he could give undivided attention to his entrepreneurial initiatives and the various enterprises he oversees.
Agalarov expressed confidence that the Çiğdem Group’s senior executives are fully capable of continuing to fulfill the duties he previously shouldered. His departure marks a strategic transition rather than a retreat, signaling a renewed focus on expanding his independent business footprint while maintaining confidence in the leadership team left in place at Çiğdem Group.
Within the broader business family, Emin Agalarov is the son of Araz Agalarov, who leads the Zhara media holding and Crocus Group. This lineage highlights a long-standing connection to diverse sectors ranging from entertainment media to real estate and hospitality, underscoring the interconnected nature of their business empire.
Earlier reports mentioned that Emin Agalarov postponed a concert in Khabarovsk due to weather considerations, illustrating the ongoing balance between executives’ creative pursuits and public commitments in his professional life. The latest update confirms a shift toward personal ventures while preserving the momentum of the organizations under his umbrella, as observed by industry observers and media outlets.