MOVES: Russia's PhosAgro elects Andrey Guryev as new CEO

31 July 2013 15:13  [Source: ICIS news]

LONDON (ICIS)--Russian fertilizer producer PhosAgro has elected Andrey Guryev as its new CEO after accepting Maxim Volkov’s resignation, the company said on Wednesday.

Guryev started working at PhosAgro as a company economist in 2004. He later specialised in fertilizer exports and served as deputy CEO for sales and logistics since April 2011.

Following his appointment as CEO, Guryev said: “No major overhauls to PhosAgro’s strategy are planned.

"In addition to implementing our investment programme and strategic initiatives aimed at increasing shareholder value, we will maintain our dividend policy and honour the promises made to investors in the course of the company’s IPO [initial public offering] and SPO [secondary public offering].”

Predecessor Volkov will remain at PhosAgro as a member of the board of directors and as chairman of the company strategy committee.

Earlier on Wednesday, PhosAgro released its first-half sales and production volumes.

By: Will Conroy
+44 20 8652 3214

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