Plus   Neg

PhosAgro Elects Sven Ombudstvedt As Chairman

PhosAgro (PHOR.L) said that its Board has re-elected Independent Director Sven Ombudstvedt as its Chairman. The Board of Directors also re-elected as its Deputy Chairman Andrey Guryev, Vice President of the Russian Union of Chemists.

At today's meeting the Board of Directors also appointed the leadership and members of the Board Committees. The Audit Committee will be chaired once again by Independent Director and PhosAgro Board of Directors Member Marcus Rhodes; PhosAgro CEO and Board of Directors Member Andrey Guryev was re-appointed Chairman of the Strategy Committee; Independent Director and PhosAgro Board of Directors Member James Rogers will lead the Remuneration and Human Resources Committee, the Environmental, Health and Safety Committee will be chaired by PhosAgro Board of Directors Member, PhosAgro Executive Director and CEO of Apatit Mikhail Rybnikov; the Risk Management Committee will be chaired by Ivan Rodionov.

In addition, members of the Management Board of PhosAgro were appointed, and members of the Management Board were granted permission to hold management positions at other organisations.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In a move likely to further inflame global trade tensions, President Donald Trump has threatened to impose a 20 percent tariff on all cars imported to the U.S. from the European Union. Trump claimed he would impose the new tariffs unless the EU removes tariffs and trade barriers placed on the U.S. The Federal Reserve has determined that the largest U.S. banks are strongly capitalized and would be able to lend to banks as well as households during a severe global economic recession. This is the fourth straight year that all banks have met the Federal Reserve's standards. The first round of results of the supervisory stress tests were released by the central bank on Thursday. The "safety" driver behind the wheel of a self-driving Uber was streaming a television show on her smartphone up until about the time of a fatal crash in March, according to a report from the Tempe Police Department. Uber's self-driving Volvo SUV, which was traveling at under 44 miles per hour, had struck and killed a pedestrian in Arizona on March 18.
Follow RTT