OREANDA-NEWS. March 26, 2012. CJSC Belarusian Potash Company (BPC) has announced the appointment of former vice premier Valeri Ivanov as the company’s chief executive officer, the BPC said in its Monday press-release.

As previously reported, Belarus’ President Alexander Lukashenko on 28 February relieved Valeri Ivanov of his duties as vice premier of the Belarusian government and appointed him director general of CJSC Belarusian Potash Company (BPC).

Lukashenko instructed the newly appointed company leader that the Belarusian Potash Company should remain the sole trader of Russian and Belarusian fertilizers. Also, the president encouraged Ivanov to optimize potash distribution schemes to the benefit of all parties concerned.

Former BPC Vladimir Nikolayenko resigned in early January 2012 by mutual accord.

Established in April 2005, Joint Stock Company “Belarusian Potash Company” (BPC) the sole exporter of potassium fertilizers produced by Belaruskali and Uralkali.

The BPC shareholding structure includes Belaruskali with 45%, Belarusian Railways (5%) and Russia’s Uralkali with 50%.

At the moment, BPC controls 42% of the world’s potash fertilizer market.