OREANDA-NEWS. Moscow - PhosAgro (“PhosAgro” or “the Company”) (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that the Company’s Board of Directors will vote on the appointment of a new CEO at a meeting on 31 July 2013.

The meeting agenda also includes the topic of the CEO of PhosAgro holding management positions in other organisations, as well as election of members to PhosAgro’s Management Board.

The Remuneration and Human Resources Committee today recommended that the Board of Directors accept the resignation of Maxim Volkov and appoint Deputy CEO Andrey A. Guryev as CEO. Mr Guryev’s candidacy was proposed by current CEO Maxim Volkov.