EuroChem Group AG, Zug, Switzerland, announced on May 29 the election of Petter Ostbo to the board of directors.
As previously announced, Ostbo joins the company as CEO on June 1 (GM Feb. 15, p. 22). He previously served as EVP and CFO of Yara International, before which he held the position of EVP Production, with responsibility for 28 production sites and four mines in 16 countries. Ostbo takes over as CEO from EuroChem CFO Kuzma Marchuk, who has been serving as Acting CEO since September 2018.
Separately, former CEO Dmitry Strezhnev, who served as a board member for more than 15 years and resigned from EuroChem in September 2018 for personal reasons (GM Sept. 28, 2018) stepped down from the board after deciding not to stand for re-election, opting instead to focus on other business ventures outside EuroChem.