2018-09-26 17:27:10

Press release: Management changes at EuroChem Group AG

Zug, Switzerland, September 24, 2018 – EuroChem Group AG (“EuroChem” or the “Group”), a leading global fertilizer producer, announces that Chief Executive Officer Dmitry Strashnov has resigned from the Group for personal reasons with immediate effect. Kuzma Marchuk, CFO of the Group, has been named Acting CEO. The Board has begun a search for Mr Strashnov’s successor.

“The Board regrets but understands Dmitry’s decision to leave the Group,” said Alexander Landia, Chairman of the Board of EuroChem. “He is a strong strategist and manager, and we wish him the very best in overcoming the circumstances that have arisen. We are taking the steps necessary to ensure a smooth transition and continued success in the future.”

Mr Strashnov, who joined EuroChem in November 2017, said, “I very much regret that I need to step down from the Group and thus cannot remain to complete the major projects currently underway. I wish the company every success in the next stage of its development.”

About EuroChem Group AG

EuroChem is a leading global producer of nitrogen, phosphate and potash fertilizers. The Group is vertically integrated with activities spanning mining to fertilizer production, logistics, and distribution. EuroChem began test production at its Usolskiy potash mine in early 2018, and continues to develop a second greenfield site at VolgaKaliy in Russia. Headquartered in Zug, Switzerland, the Group operates production facilities in Europe, Asia and the CIS, employing more than 26,000 people.

For more information, please visit www.eurochemgroup.com or contact:

Media

Guy Dresser
Head of Communications
EuroChem Group AG
guy.dresser@eurochemgroup.com

Elena Kalinskaya
FTI Consulting
+44 (0) 20 3727 1000
eurochem@fticonsulting.com

Russian Media

Vladimir Torin
Head of Public Relations
MCC EuroChem
vladimir.torin@eurochemgroup.com

Investors

Ruslan Karmanny
Head of Corporate Finance and Treasury
EuroChem Group AG
ruslan.karmanny@eurochemgroup.com