Press release: PhosAgro Board Elects Sven Ombudstvedt as Chairman

Moscow – PhosAgro ("PhosAgro" or "the Company") (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. The Board of Directors also re-elected as its Deputy Chairman Andrey G. Guryev, Vice President of the Russian Union of Chemists.

 

At today’s meeting the Board of Directors also appointed the leadership and members of the Board Committees. The Audit Committee will be chaired once again by Independent Director and PhosAgro Board of Directors Member Marcus Rhodes; PhosAgro CEO and Board of Directors Member Andrey A. Guryev was re-appointed Chairman of the Strategy Committee; Independent Director and PhosAgro Board of Directors Member James Rogers will lead the Remuneration and Human Resources Committee, the Environmental, Health and Safety Committee will be chaired by PhosAgro Board of Directors Member, PhosAgro Executive Director and CEO of Apatit 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 composition	Previous composition
1.	Andrey A. Guryev	Andrey A. Guryev
2.	Mikhail Rybnikov	Mikhail Rybnikov
3.	Roman Osipov	Roman Osipov
4.	Alexei Sirotenko	Alexei Sirotenko
5.	Siroj Loikov	Siroj Loikov
6.	Alexander Sharabaika

These decisions were made at the first meeting of the Board of Directors that was elected by an extraordinary general meeting of shareholders on 26 February 2018. The number of members of the Board of Directors remains 10 people, with the new composition comprising an absolute majority of independent directors:

 

	New composition	Previous composition
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.	Irina Bokova*	Alexander Sharabaika
9.	Natalia Pashkevich*	Natalia Pashkevich*
10.	Andrey Sharonov*	Andrey Sharonov*

* non-executive director