Moscow – PhosAgro ("PhosAgro" or "the Company") (MICEX-RTS, LSE: PHOR), a leading global vertically integrated phosphate-based fertiliser producer, announces that its Board of Directors today re-elected Sven Ombudstvedt (an Independent Director) as the Chairman of the Board. Today’s meeting was the first Board meeting following the Company’s AGM on 30 May 2012 at which the Directors were elected.
Sven Ombudstved was first appointed Chairman of the PhosAgro Board of Directors in May 2011, and has held leadership roles in a number of large international companies, including Yara ASA. He is currently the president and CEO of Norske Skogindustrier ASA (one of the world’s largest paper producers), and a member of the Boards of Directors of the European concern Saferoad AS and the Norwegian shipping company Western Bulk.
The Board today also appointed members to its committees and elected committee chairmen: Vladimir Litvinenko was re-elected as the chairman of the Strategy Committee, Marcus Rhodes was appointed the chairman of the Audit Committee, Ivan Rodionov will be chairman of the Remuneration and Human Resources Committee, and Igor Antoshin will be chairman of the Environmental, Health and Safety Committee.