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PhosAgro Appoints Alexander Sharabaika as CFO

24 January 2012
Moscow – PhosAgro (MICEX, RTS, LSE: PHOR) (“the Company”), a leading global vertically integrated phosphate-based fertilizer producer, announces the appointment of Alexander Sharabaika to the position of CFO of PhosAgro AG.  Roman Osipov, who previously held this position, has been named deputy CEO for business development of PhosAgro AG and will focus on implementation of the Company’s strategic projects.

Prior to joining PhosAgro, Alexander Sharabaika worked as head of Corporate Finance at Uralkali, where his responsibilities included regular participation in the company’s investor relations activities.  Prior to the merger of Uralkali and Silvinit, Alexander was the CFO and a consultant to the Supervisory Board of Silvinit.  From 2005 to 2010, he worked first as Head of Corporate Finance and then as CFO of Mineral Group.  Alexander began his career in Belaruskali in 1998, and from 2003 to 2005 he was the deputy head of the Investment Department at Silvinit.  He received a Bachelors of Economics with honours from the Belorussian Economic University, and completed an MBA in Finance from Nottingham University Business School.

PhosAgro CEO Maxim Volkov said: “We have ambitious goals aimed at developing PhosAgro and increasing value for our shareholders, and we are confident that Alexander Sharabaika’s excellent qualifications, combined with his years of experience in the mineral fertilizer industry, will help him make a strong contribution to achieving these goals.  We also plan for Alexander to take an active role in PhosAgro’s investor relations activities.

“We highly value Roman Osipov’s contribution to PhosAgro’s growth, including his participation in the preparation and execution of our successful IPO on the LSE in 2011.  Roman played an important role in a number of projects aimed at supporting PhosAgro’s growth and compliance with international best practice.  We believe that his appointment to the position of deputy CEO for business development will continue to support PhosAgro shareholder value.”