MOVES: Russia’s PhosAgro CEO quits, replacement announced soon

19 July 2013 11:47  [Source: ICIS news]

LONDON (ICIS)--Russian fertilizer producer PhosAgro announced on Friday that Maxim Volkov has resigned as CEO, but will remain a shareholder in the company. A new CEO will be announced by the end of July.

“Our employees have always shown determination and have always achieved the goals set before them; I am confident in the company’s long term potential and have no doubt that our team will continue to achieve sustainable growth for PhosAgro, which is why I intend to remain a shareholder of the company," Volkov said.

"However, I currently intend to focus my efforts on the modernisation of the Pikalevo production complex and the acquisition of Pikalevskaya Soda shares,” he added.

Volkov joined PhosAgro in 2001, where he headed management company CJSC PhosAgro AG from 2006 to 2012. Since 2009 he also served as CEO of OJSC PhosAgro and a member of the PhosAgro board of directors and chairman of the strategy committee.

By: Sylvia Traganida

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