EuroChem Group AG forms Board of Directors after corporate reorganisation
Zug, Switzerland, 24 April 2015 – EuroChem Group AG (hereinafter “EuroChem”, “Group” or “Company”), a leading global agrochemical company, today announces that the Group has formed the Board of Directors (the “Board”) following its corporate reorganisation. The Board is comprised of ten members including five independent directors and an independent Chairman.
The EuroChem Board of Directors includes:
- Alexander Landia, Chairman and member of the Strategy Committee (Independent)
- Andrey Melnichenko, Chairman of the Strategy Committee (Non-executive director)
- Garth Moore, Member of the Strategy Committee (Independent)
- Nicholas Page (Non-executive director)
- Nikolay Pilipenko, Member of the Audit Committee and Nomination and Remuneration Committee (Non-executive director)
- Kent Potter, Chairman of the Audit Committee (Independent)
- Juerg Seiler, Member of the Audit Committee (Independent)
- Vladimir Stolin, Chairman of the Nomination and Remuneration Committee (Independent)
- Dmitry Strezhnev, CEO
- Manfred Wennemer, Member of the Nomination and Remuneration Committee (Independent)
Alexander Landia, Chairman of the Board of EuroChem Group AG, commented: “I am honoured to have the opportunity to contribute to the next stage of EuroChem’s development, leading the company into new international markets while growing and enhancing its operations.”
Dmitry Strezhnev, CEO of EuroChem Group AG, added: “I am pleased to welcome Alexander Landia as Chairman of the Board of EuroChem. The wealth of his knowledge and expertise across international finance and natural resources industries makes him the ideal candidate for this role. Alexander’s appointment coincides with EuroChem’s corporate reorganisation and drive to become a top five international agrochemical business and pursue international projects. Reflecting EuroChem’s commitment to transparency and best international corporate governance practices, Alexander is joined by five other independent directors. The Board’s experience and skill set will provide strong and effective leadership at a crucial time for our company, enabling us to further grow our business.”
The Board of Directors appointed Dmitry Strezhnev as CEO and formed the EuroChem Group AG Management Board which will provide complete continuity as all members of the MCC EuroChem Management Board will become members of the Group’s Management Board. In addition to Dmitry Strezhnev (CEO) the Management Board of EuroChem Group AG will include Clark Dillon Bailey (Head of the Mining Division), Terje Bakken (Head of the Marketing & Sales Division), Andrey Ilyin (CFO), Igor Nechaev (Head of the Logistics Division), Igor Schelkunov (Head of HR, HSE and Business support), and Alexander Tugolukov (Head of the Fertilizers Division)
Biographies for each member of the EuroChem Group AG Board of Directors are available below and at eurochem-corporate-qa1b64.azurewebsites.net
Alexander Landia, Chairman of the Board and Independent Director
Mr Landia has extensive senior management experience, leading and advising various organisations throughout his career. Between 1993 and 2001 he worked at Dresdner Bank in Frankfurt as First Vice President, Oil & Gas Global Debt. Until 2004, he was General Director of Accenture Russia and was subsequently appointed as Global Gas Lead Partner. Between 2006 and 2010, he chaired the Board of Directors of OAO SUEK. Mr Landia currently serves as Chairman of the Nomination and Compensation Committee and a member of the Strategy Committee of SUEK PLC. He is a member of the Board of Directors of Lambert Energy Advisory (UK) and Barloworld (South Africa). Mr Landia is a co-founder and Director of MFEP (UK) and a co-founder and managing director of Bernotat & Cie (Germany). He is also member of the Supervisory Board of The Mobility House AG (Switzerland). Mr Landia graduated from the Tbilisi State University (Hons) and has a PhD in Mathematics from the Minsk Institute of Mathematics of the National Academy of Science.
Andrey Melnichenko, Non-executive Director
Over the past 20 years, Mr Melnichenko co-founded a number of successful Russian companies including MDM-Bank, EuroChem, SUEK, SGC (Siberian Generating Company) and TMK. He is the main beneficiary of EuroChem, SUEK and SGC. Mr Melnichenko chairs the Boards of Directors of SUEK PLC and SGK. He sits on the board of the Russian Union of Industrialists and Entrepreneurs. Mr Melnichenko studied physics at the Lomonosov Moscow State University and graduated from the Plekhanov Russian Academy of Economics majoring in finance and credit.
Garth Moore, Independent Director
Mr Moore has 42 years of experience in the mining industry. He joined Potash Corporation in 1982 and held senior management positions including General Manager at several mines as well as serving as Senior Vice President of Technical Services. Between 1997 and 2012, he was President of PCS Potash, a division of Potash Corporation. He is a past director of Arab Potash Company, the Canadian Environmental Technology Advancement Corporation, past Chairman and director of the Saskatchewan Potash Producers Association, and past President and director of the Saskatchewan Mining Association. He is a member of the Association of Professional Engineers and Geoscientists of Saskatchewan and the Canadian Institute of Mining, Metallurgy and Petroleum. Mr Moore graduated from the University of Saskatchewan with a Bachelor’s of Science degree in Mining Engineering and completed the Senior Executive Programme at Columbia Business School.
Nicholas Page, Non-Executive Director
Mr Page has nearly 25 years of professional services experience, including PricewaterhouseCoopers (PwC) in the UK and Russia. From 2003 to 2014, he was a partner in the UK firm, and from 2013 to 2014 he served as a member of the PwC Central and Eastern European (CEE) Management Board and the CEE-UK Development Committee. At PwC, Mr Page specialised in domestic and cross-border M&A, IPO transactions and restructuring for financial institutions, financial sponsors and multi-national companies. Mr Page is also a member of the Board of Directors of SUEK PLC and a non-executive member of Strategic Advisory Board of the School of Business & Economics at Loughborough University in the UK. He holds a Bachelor’s degree in Engineering (Hons) from Loughborough University and is a fellow of the Institute of Chartered Accountants of England and Wales (ICAEW).
Nikolay Pilipenko, Non-Executive Director
From 2006 to 2008, Mr Pilipenko was CFO of EuroChem. Before joining EuroChem, he worked for ABB Group in Russia, Spain and Switzerland and held several management positions. Since 2012 Mr Pilipenko is a member of the Board of Directors of the Siberian Generating Company, where he chairs the Audit Committee. Mr Pilipenko graduated from Moscow State University and holds a PhD in economics.
Kent Potter, Independent Director
Mr Potter spent 27 years with Chevron in a number of financial management positions, including as Finance Director for Chevrons North Sea operations, CFO of Tengizchevroil in Kazakhstan and CFO of Chevron Overseas Petroleum, Chevron’s international exploration and production company. In 2003, Mr Potter was appointed Chief Financial Officer of TNK-BP, which at the time was Russia’s second largest oil company. In addition to being responsible for all financial activities for TNK-BP, he also directed the company’s corporate restructuring and accounting transformation initiatives. Most recently, Mr. Potter served as Executive Vice President and CFO of LyondellBasell, the world’s 3rd largest petrochemical company, playing an instrumental role in helping the company emerge from Chapter 11. Mr Potter holds a Bachelor’s degree in Engineering and an MBA from the University of California, Berkeley.
Juerg Seiler, Independent Director
Mr Seiler held a number of key financial positions across different businesses and has over 30 years of international experience including assignments in South Africa, Hong Kong, USA and Switzerland. From 2012 to 2014, Mr Seiler served as CFO at Ventyx, the Enterprise Software business of ABB. Prior to this, he was global CFO at ABB Power Systems division and before CFO at ABB Lummus Global. Mr Seiler holds a Master’s degree in Economics from University of St. Gallen, Switzerland.
Vladimir Stolin, Independent Director
In 1989, in addition to his academic duties at Lomonosov Moscow State University, Mr Stolin founded and was CEO as well as Chairman of ECOPSY Consulting, a company specialising in HR management, motivation, and development. He had previously worked as a consultant at RHR International (Chicago). From 2006-2007, Mr Stolin was a member of the Pharmacy Chain 36.6 Board of Directors. During this time he also served as Chairman of the MDM Bank Board of Directors. Since 2011, Mr Stolin has been a member of the Board of Directors of the Siberian Generating Company LLC, where he chairs the Remuneration Committee. Mr. Stolin graduated from the Lomonosov Moscow State University with a degree in Psychology. He earned a Doctorate in Psychology and a Professorship. He is the author of numerous scientific publications in the fields of management and psychology, including three monographs.
Dmitry Strezhnev, Chief Executive Officer
Mr Strezhnev has served as CEO of EuroChem since 2004. Prior to joining EuroChem, he held executive positions in the automotive industry at Likino Bus Plant, RusPromAvto and GAZ. He received an MBA from the Academy of National Economy under the Government of the Russian Federation and graduated with honours from the Lomonosov Moscow State University with a degree in Physics.
Manfred Wennemer, Independent Director
Mr Wennemer has 30 years of experience in the manufacturing industry, having started his career at Procter & Gamble, Germany. In 1998, Mr Wennemer was appointed Chairman of the management board of ContiTech Holding GmbH and, at the same time, got a seat on the executive board of Continental AG. In 2001, he became Chairman of the executive board and held this position until August 2008. Mr Wennemer holds several advisory and supervisory board positions in German and international companies, including membership on supervisory boards of Allianz Deutschland AG and Knorr-Bremse AG, Chairmanship of the board at SAG AG and of the Shareholder Committee at Hella KGaA Hueck & Co. He serves as an Independent Director and member of the Strategic Committee of NV Bekaert SA. Mr Wennemer holds a Master’s degree in Mathematics from the University of Munster, Germany and an MBA from INSEAD Fontainebleau, France.
About EuroChem Group AG
EuroChem is a leading global agrochemical company, producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore. The Group is vertically integrated with activities spanning from mining and hydrocarbons extraction to fertilizer production, logistics, and distribution. EuroChem is currently developing two sizeable potash deposits in Russia with its VolgaKaliy and Usolskiy Potash greenfield projects. Headquartered in Zug, Switzerland, the Group operates production facilities in Belgium, Lithuania, China and Russia and employs more than 22,000 people globally.
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