EuroChem Group AG has announced the election of Petter Ostbo to the board of directors.
Ostbo, who joins the company as CEO on 1 June, has a proven track record in the fertilizer industry. He previously served as executive vice president (EVP) and chief financial officer (CFO) of Yara International, before which he held the position of EVP production at the same company, with responsibility for 28 production sites and four mines in 16 countries.
Separately, former CEO Dmitry Strezhnev, who served as a board member for more than 15 years, has stepped down from the board after deciding not to stand for re-election and to focus instead on other business ventures outside EuroChem.
“We are delighted to welcome Petter to the company’s board. He has a wide range of experience and is highly regarded in our industry,” said Alexander Landia, chairman of the board of EuroChem. “I am also grateful to Dmitry for his long service to EuroChem. He has been instrumental in the successful development of the company into a global force in the fertilizer industry and we wish him every success in the future.”