Tuesday, 24 December 2013

Uralkali Replaces Baumgertner as CEO | Business | RIA Novosti

Uralkali Replaces Baumgertner as CEO | Business | RIA Novosti:

"Uralkali has replaced its chief executive days after funds linked to two Russian billionaires completed the purchase of almost half the shares of the potash giant.
Uralkali’s board of directors announced Monday that it had appointed Dmitry Osipov, a deputy chairman of fertilizer producer Uralchem, to replace Vladislav Baumgertner as CEO. Osipov takes up the position effective Tuesday.
Baumgertner is currently under house arrest after being charged with abuse of office following Uralkali’s decision to end a pricing cartel. Uralkali has denied impropriety and Baumgertner was re-elected to its board of directors last month."

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