Press release (Phosagro): Sven Ombudstvedt Reappointed as Board Chairman

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