EDITOR: | December 24th, 2013

Uralkali Announces Appointment of New CEO

| December 24, 2013 | No Comments
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December 24, 2013 (Source: Uralkali) — At the meeting held on 23 December 2013, the Board of Directors of Uralkali (LSE: URKA; the Company) took the decision to appoint Dmitry Osipov as the new General Director (CEO) of the Company, effective from 24 December 2013. Dmitry Osipov replaces Vladislav Baumgertner, who will leave the position of CEO as of that date.

Alexander Voloshin, Chairman of the Board of Directors of Uralkali, commented:

“I would like to highlight that the decision to appoint a new CEO has been taken in connection with the recent changes in the composition of the major shareholders of the Company. 

On behalf of the Company and the Board, I would like to thank Vladislav Baumgertner for his significant contribution to the development of the Company over an extended period of time. During his period of service at Uralkali, beginning in 2003, Uralkali was transformed into a public company with a diversified international shareholder base positioned as one of the leaders in the global potash industry. We wish Vladislav well in this challenging time. We continue to believe in his innocence and hope that the existing problems will be resolved as soon as possible. 

The new chief executive of Uralkali, Dmitry Osipov, is well known as a senior manager with many years of experience working in the largest Russian chemical companies. I would like to welcome Dmitry and am confident that he brings deep industry knowledge and significant senior management expertise in the fertiliser sector. The Board looks forward to working with the new CEO to implement the next phase of Uralkali’s growth for the benefit of all its shareholders and customers.”

Dmitry Osipov, CEO of Uralklai commented:

“During the challenging conditions of the past few months, Uralkali’s employees have demonstrated they are a highly efficient team. I believe that this should be credited to the management of the Company and, above all, to Vladislav Baumgertner, who has built remarkably reliable systems at Uralkali, and Viktor Belyakov, who led the Company since August. 

My appointment to the position of the CEO of such company like Uralkali is a demonstration of a high level of trust by the Board of Directors. I would like to express my gratitude to the members of the Board of Directors and assure them that I will always work in the interests of the Company and its shareholders.”

Biography

Dmitry Osipov was born in 1966. He is a graduate of Gorkiy State University (Radiophysics and Cybernetics Department). From the mid-1990s he held senior management positions in a number of large chemical companies including Khimprom (Volgograd), Propan-Butanovaya Company, Sibur-Khimprom. Between 2005 and 2007, Mr. Osipov served as CEO of Kirovo-Chepetsk Chemical Plant OJSC. In 2007-2011 he served as Chief Executive Officer of URALCHEM Holding PLC, in 2011-2013 asthe Deputy to the Head of the Board of Directors of URALCHEM Holding PLC. Since 2011, Dmitry Osipov has been the member of the Council and Financial Committee of International Fertilizer Association (IFA).

Uralkali (www.uralkali.com) is one of the world’s largest potash producers with a share of about 20% in global potash production. The Company’s assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs ca.11,800 people (in the main production unit).Uralkali’s shares and GDRs are traded on the Moscow Exchange and LSE, respectively.


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


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