OREANDA-NEWS. January 26, 2012. PhosAgro (MICEX-RTS, LSE: PHOR) (“the Company”), a leading global vertically integrated phosphate-based fertilizer producer, announces that its Board of Directors has re-appointed Maxim Volkov as CEO for another one year term in accordance with the Company charter.

The Board of Directors also voted to allow the PhosAgro CEO to hold positions in the management bodies of other organizations.

Maxim Volkov

CEO of OJSC PhosAgro

CEO of Management Company CJSC PhosAgro AG

Member of the Board of Directors of OJSC PhosAgro

Mr. Volkov joined the Board of Directors of OJSC PhosAgro in 2002. Prior to becoming PhosAgro’s CEO, he was the deputy CEO for economic affairs and finance. Mr. Volkov started his career in 1996 as an auditor with Arthur Andersen. He holds a master’s degree from the Bodo Graduate School of Business (Norway). He also graduated from the Ustinov Baltic State Technical University.