OJSC PhosAgro (PHOR)
PhosAgro Board of Directors Reappoints Andrey Guryev as Chief Executive
Officer
28-Jul-2020 / 16:30 MSK
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
For Immediate Release 28 July 2020
PhosAgro Board of Directors Reappoints Andrey Guryev as Chief Executive
Officer
Moscow - The Board of Directors of PhosAgro (the "Company", the "Group",
MOEX, LSE: PHOR), one of the world's leading vertically-integrated
phosphate-based fertilizer producers, has voted unanimously to re-appoint
Andrey Guryev to the posts of Chairman of the Management Board and Chief
Executive Officer of PhosAgro.
The results of Andrey Guryev's seven-year tenure as PhosAgro's CEO, as well
as the Company's development outlook, will be reported at a meeting of the
Board of Directors in the second half of August 2020.
The Board of Directors, which met in absentia, also authorised Andrey Guryev
to hold management positions in other organisations, including the President
of the Russian Association of Fertilizer Producers, a member of the Board of
Directors of the International Fertilizer Association, a member of the
Commission of the Russian Federation for UNESCO, a member of the Board of
the Russian Union of Industrialists and Entrepreneurs, Chair of the
Russia-Argentina Business Council, Chair of the Russia-Brazil Business
Council.
About the Company
PhosAgro is one of the world's leading vertically integrated phosphate-based
fertilizer producers in terms of production volumes of phosphate-based
fertilizers and high-grade phosphate rock with a P2O5 content of 39% and
higher.
The Company is the largest phosphate-based fertilizer producer in Europe (by
total combined capacity for DAP/MAP/NP/NPK/NPS), the largest producer of
high-grade phosphate rock with a P2O5 content of 39%, a top-three producer
of MAP/DAP globally, one of the leading producers of feed phosphates (MCP)
in Europe, and the only producer in Russia, and Russia's only producer of
nepheline concentrate (according to the RAFP).
PhosAgro's main products include phosphate rock, over 50 grades of
fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which
are used by customers in 100 countries spanning all of the world's inhabited
continents. The Company's priority markets outside of Russia and the CIS are
Latin America, Europe and Asia.
PhosAgro's shares are traded on the Moscow Exchange, and Global Depositary
Receipts (GDRs) for shares trade on the London Stock Exchange (under the
ticker PHOR). Since 1 June 2016, the Company's GDRs have been included in
the MSCI Russia and MSCI Emerging Markets indexes.
More information about PhosAgro can be found on the website: www.phosagro.ru
[1].
ISIN: US71922G2093
Category Code: MSCH
TIDM: PHOR
LEI Code: 25340053KRUNNYUWF472
OAM Categories: 2.2. Inside information
Sequence No.: 78552
EQS News ID: 1104309
End of Announcement EQS News Service
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(END) Dow Jones Newswires
July 28, 2020 09:30 ET (13:30 GMT)
