OREANDA-NEWS. January 25, 2012. Uralkali (LSE: URKA), one of the world’s largest potash producers, announces the decisions made by the Board of Directors at a meeting on January 23, 2012.

In connection with the departure of Igor Tsuranov, who served as Director of Strategy and Investments for Uralkali, the Board has resolved to terminate his authority as the member of the Management Board ahead of schedule, and to reduce the number of Management Board members to twelve. The Board has also resolved to abolish the position of the Director of Strategy and Investments.

Uralkali has been informed that Victor Belyakov, CFO of Uralkali, was nominated to the Supervisory Board of Ecoprombank at the Annual General Meeting of its shareholders. Uralkali’s Board has therefore approved the combination of the position of Uralkali’s Management Board member with the position of the member of the Supervisory Board of Ecoprombank by Mr. Belyakov.