Sven Ombudstvedt Reappointed as Board Chairman | 5 October 2017 PhosAgro

Sven Ombudstvedt Reappointed as Board Chairman

Press Releases
5 October 2017
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 appointed the leadership and members of the Board Committees.  The Audit Committee will be chaired once again by Independent Director Marcus Rhodes; PhosAgro CEO and Board of Directors Member Andrey A. Guryev was re-appointed Chairman of the Strategy Committee; Independent Director James Rogers will lead the Remuneration and Human Resources Committee, the Environmental, Health and Safety Committee will be chaired by PhosAgro-Cherepovets General Director and PhosAgro Board of Directors Member Mikhail Rybnikov; the Risk Management Committee will be chaired by Ivan Rodionov.

In addition, members of the Management Board of PhosAgro were appointed, and members of the Management Board were granted permission to hold management positions at other organisations:

№

New Management Board

Previous Management board

1.

Andrey A. Guryev

Andrey A. Guryev

2.

Mikhail Rybnikov

Mikhail Rybnikov

3.

Roman Osipov

Alexander Sharabaika

4.

Alexei Sirotenko

Alexei Sirotenko

5.

Siroj Loikov

Siroj Loikov

These decisions were made at the first meeting of the Board of Directors, which was elected by an EGM on 2 October 2017. The number of members of the Board of Directors was increased from 8 to 10 people, half of which are independent:

№

New Board of Directors

Previous Board of Directors

1.

Andrey A. Guryev

Andrey A. Guryev

2.

Andrey G. Guryev

Andrey G. Guryev

3.

Sven Ombudstvedt*

Sven Ombudstvedt*

4.

James Rogers*

James Rogers*

5.

Ivan Rodionov*

Ivan Rodionov*

6.

Marcus Rhodes*

Marcus Rhodes*

7.

Mikhail Rybnikov

Mikhail Rybnikov

8.

Alexander Sharabaika

Igor Antoshin

9.

Natalia Pashkevich*

 

10.

Andrey Sharonov*

 

* non-executive director

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