Uralchem, Moscow, has appointed a new CEO, effective Dec. 4. Alexander Prygunkov, who previously held the position of First Vice President – COO of Russia’s largest real estate developer, Russia’s PIK Group of Companies, has been appointed to the position.
Uralchem said as the company’s newly appointed CEO, Prygunkov will focus on the digital transformation processes “to increase loyalty and long-term cooperation with clients, strengthening of Uralchem’s leading positions in the chemical industry and agriculture, and introduction of modern approaches to business management”. He replaces Sergei Momtselidze.
Russian media reports were circulating last month that Uralkali and Uralchem’s CEO’s were about to be replaced. The reports came amid speculation of merger plans for the two companies next year, which have been refuted by Uralchem owner and Chairman and Uralkali major shareholder and Deputy Chairman Dmitry Mazepin.