Uralkali elects board of directors
MOSCOW. March 24 (Interfax) - Uralkali elected a board of directors at an EGM on Monday, the company said.
"On March 24, 2014, Uralkali held [an] extraordinary general meeting of shareholders (EGM) in the town of Berezniki (Perm region, Russia).
[The] Uralkali EGM elected the company's board of directors. The board includes the following members: Sergey Chemezov, Chen Jian, Dmitry Konyaev, Robert Margetts, Dmitry Mazepin, Dmitry Osipov, Paul Ostling, Dmitry Razumov, and Valery Senko," the company said.
Chemezov is head of the state corporation Rostec. Osipov is Uralkali's general director, and earlier had a management post at UralChem.
Mazepin is UralChem's board of directors chairman and Konyayev is the company's general directorl.
Razumov is the general director at Mikhail Prokhorov's Onexim Group and Senko is investments directors there.
Chen comes from the Chinese outfit Chengdong Investment Corporation, which owns 12.5% of Uralkali.
Independent directors Margetts and Ostling return to the new board.
Sources have told Interfax that Chemezov may chair the board.
A spokesman for Onexim Group told Interfax earlier that the company had closed a deal to buy 21.75% of Uralkali from companies controlled by the Suleyman Kerimov Foundation. A source familiar with the terms of the deal said that, in addition to this stake, companies close to Prokhorov bought another 5.34% of shares in Uralkali, which would give Prokhorov control of 27.76% of shares in the potash producer.
UralChem acquired 19.99% of the stock in Uralkali, after which deputy UralChem board of directors chairman Osipov took over the potash company.
