Board changes at EuroChem Group
Zug, Switzerland, May 29, 2019 – EuroChem Group AG, a leading global fertilizer company, today announces the election of Petter Ostbo to the Board of Directors.
Mr. Ostbo, who joins the company as Chief Executive Officer on June 1, has a proven track record in the fertilizer industry. He previously served as EVP and Chief Financial Officer of Yara International, before which he held the position of EVP Production at the same company, with responsibility for 28 production sites and four mines in 16 countries.
Separately, former CEO Dmitry Strezhnev, who served as a Board member for more than 15 years, has stepped down from the Board after deciding not to stand for re-election and to focus instead on other business ventures outside EuroChem.
“We are delighted to welcome Petter to the company’s Board. He has a wide range of experience and is highly regarded in our industry,” said Alexander Landia, Chairman of the Board of EuroChem. “I am also grateful to Dmitry for his long service to EuroChem. He has been instrumental in the successful development of the company into a global force in the fertilizer industry and we wish him every success in the future.”
About EuroChem Group AG
EuroChem is a leading global producer of nitrogen, phosphate and potash fertilizers, as well as certain industrial and mining products. The Group is vertically integrated with activities spanning mining to fertilizer production, logistics, and distribution. EuroChem began potash production at its Usolskiy 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 eurochem-corporate-qa1b64.azurewebsites.net or contact:
Head of Communications EuroChem Group AG
+44 (0) 20 3727 1000
Head of Public Relations MCC EuroChem
Head of Investor Relations
EuroChem Group AG