Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that its Board of Directors has re-elected Independent Director Sven Ombudstvedt as its Chairman. Andrey G. Guryev, Vice President of the Russian Union of Chemists, was elected Deputy Chairman of the Board.
The Board of Directors also praised the work of CEO Andrey A. Guryev and confirmed his re-appointment in the post, in accordance with the recommendation of the Remuneration and Human Resources Committee.
The Board of Directors appointed the chairmen and members of the Board Committees. The Audit Committee will be chaired once again by Independent Director Marcus Rhodes; Andrey A. Guryev was appointed Chairman of the Strategy Committee; Independent Director James Rogers will lead the Remuneration and Human Resources Committee, while the Environmental, Health and Safety Committee will be chaired by Igor Antoshin.
These decisions were made at the first meeting of the Board of Directors elected at the Annual General Meeting of shareholders (“AGM”) on 31 May 2016. The new Board, more than half of whose members are independent directors, comprises:
• Sven Ombudstvedt
• Andrey G. Guryev
• Andrey A. Guryev
• Igor Antoshin
• Marcus Rhodes
• James Rogers
• Ivan Rodionov
• Mikhail Rybnikov