Moscow – PhosAgro ("PhosAgro" or "the Company") (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that Mikhail Rybnikov, who had previously worked as the General Director of JSC Apatit, has been appointed First Deputy CEO of PhosAgro.
Mikhail Rybnikov, who prior to this appointment held the positions of COO of PhosAgro and General Director of JSC Apatit, will focus on issues of strategic development and coordinating the investment activities of PhosAgro’s production subsidiaries.
In recent years, under the direct supervision of Mikhail Rybnikov, JSC Apatit and its branches successfully implemented a number of large investment projects, including the construction of new high-tech ammonia and urea production lines in Cherepovets, an ammonia pipeline in Balakovo, NPS fertilizer production in Volkhov and Main Shaft #2 in Kirovsk.
Vladimir Davydenko, who has been appointed General Director of JSC Apatit, previously held the position of First Deputy Director to Mikhail Rybnikov and Technical Director of JSC Apatit. Under his leadership, work is currently underway in Cherepovets to implement the construction of new ammonium sulphate, sulphuric and nitric acid plants, as well as to analyse opportunities to develop PhosAgro’s chemical complex in Volkhov.
PhosAgro CEO Andrey Guryev stated that these personnel decisions are aimed at further improving the efficiency and reliability of the Company's production assets, modernising existing facilities and building new capacities.