16 Mar 2022 11:18

Former UNESCO head Irina Bokova leaves PhosAgro board

MOSCOW. March 16 (Interfax) - Former UNESCO Director-General Irina Bokova is leaving the board of directors of PhosAgro , the Russian fertilizer producer said.

Bokova had served on the company's board as an independent director since 2018.

The European Union on March 9 imposed sanctions on Andrei Guryev, PhosAgro's CEO at the time. After this, Guryev stepped down as CEO and left the company's board. His father, also Andrei Guryev, and former London Stock Exchange head Xavier Rolet also stepped down from the board, which the latter had chaired since 2019.

Guryev was succeeded as CEO of PhosAgro by senior company executive Mikhail Rybnikov.

The Guryev family controls 48.5% of PhosAgro shares through a trust and directly, St. Petersburg Mining University rector Vladimir Litvinenko controls 21% and the free float is 30.5%.