EuroChem Group AG this week announced the appointment of Petter Ostbo as its CEO, effective June 1, 2019. Ostbo will take over from EuroChem CFO Kuzma Marchuk, who has been serving as Acting CEO since September 2018.
Ostbo’s most recent role was as EVP and CFO of Yara International, Oslo, 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. He previously worked at McKinsey & Co. from 2003-2010.
Former EuroChem CEO Dmitry Strashnov resigned from the group in late September for personal reasons, having only taken up the position on July 1 (GM Sept. 28, 2018; April 27, 2018).