OREANDA-NEWS. July 4, 2011. Following a meeting held on 1 July 2011, the Board of Directors of Uralkali (LSE: URKA), one of the world’s largest potash producers, has taken the following decisions.  

The Board of Directors re-elected its Chairman Alexander Voloshin and has elected Sir Robert John Margetts Deputy Chairman of the Board. Both Alexander Voloshin and Sir Robert Margetts are independent directors. The members of the Board formed Board Committees which include only independent and non-executive directors. Paul James Ostling was appointed Chairman of the Audit Committee having been elected to Uralkali’s Board for the first time. Alexander Malakh retained his position as Chairman of the Investment and Development Committee. Alexander Mosionzhik became Head of Appointments and Remuneration Committee. 

Uralkali’s Board also elected the new Management Board which will start work on 1 July 2011:

Vladislav Baumgertner

Viktor Belyakov

Vladimir Bezzubov

Yury Bogdanov

Yevgeny Kotlyar

Andrey Motovilov

Oleg Petrov

Elena Samsonova

Stanislav Seleznev

Alexey Sotskov

Marina Shvetsova

Dmitry Sharapov

Igor Tsuranov

Vladimir Vaulin

Vladislav Baumgertner:

The decisions that have been taken by the Board today contribute to achieving the maximum level of transparency across the Company. I believe that the top managers who have been appointed to the Management Board and are responsible for the key fields of the Company’s activities will make the management’s work more efficient. We are also confident that the election of independent directors as Chairman and Deputy Chairman of the Board as well as Chairman of the Audit Committee will positively influence the Board’s work and mark another step towards the enhanced corporate governance of our Company.