Changes to the Corporate Bodies of PJSC ‘TOAZ’
The Board of Directors of JSC Corporation ‘Togliattiazot’ which acts as a sole executive body for PJSC ‘TOAZ’ (Togliattiazot - one of the largest Russian producers of ammonia and urea), at a meeting held on July 9, 2021 and following the decision approved earlier by the Board of Directors of PJSC ‘TOAZ’, voted for appointment of Sergey Shishov as an interim CEO of JSC Corporation ‘Togliattiazot’. He will take the office on July 10, 2021.
Sergey Shishov has been a member of the management team of JSC Corporation ‘Togliattiazot’ since 2015: he held the position of Deputy Director for Economics and Finance for General Issues, in 2019 he was appointed Deputy General Director - Director for Economics and Finance. He is a member of the boards of JSC Corporation ‘Togliattiazot’ and PJSC ‘Azotremmash’. Prior to joining Togliattiazot, Mr Shishov worked at Stroytransgaz and Ernst & Young. Sergey Shishov graduated from the National University of Oil and Gas "Gubkin University".
‘On behalf of the Board of Directors and the entire team of the company, I am pleased to welcome Sergey Shishov. His experience and knowledge in the field of economics and finance, his willingness to introduce and apply new tools, as well as a deep understanding of the processes will help Togliattiazot successfully respond to external challenges, develop existing production and implement an investment program. I am sure that the team will support Mr Shishov in a new direction of work, I sincerely wish him good luck’ – Petr Ordzhonikidze, PJSC TOAZ Chairman of the Board, stated.
Dmitry Mezheedov, who previously held the post of CEO of JSC Corporation ‘Togliattiazot’, will continue to work on the Board of Directors of PJSC ‘TOAZ’ overseeing the implementation of strategically important projects and initiatives.
‘The company is grateful to Dmitry Mezheedov for his professionalism and high responsibility, thanks to which Togliattiazot was able to show high production and financial results during the instability in the world markets. Under the leadership of Mr Mezheedov, the company successfully passed the most dangerous period of the coronavirus epidemic, demonstrating high resistance and ensuring the safety of the team. At the same time, TOAZ did not slow down the pace of modernization, an important transformation of the maintenance service was carried out, great attention was paid to improving industrial safety and labor protection. A serious reserve has been created for the further successful work of the company, its development and preservation of leadership positions in accordance with the strategy’ – Mr Ordzhonikidze said.
TOAZ (Togliattiazot), one of the leading producers of ammonia and urea in Russia, is freezing the average sales prices for mineral fertilizers to be supplied to Russian agricultural enterprises until the end of the autumn sowing campaign (October 31, 2021).
Board of Directors of PJSC TOAZ set a date to conduct an Extraordinary General Meeting of the shareholders.
The Board of Directors of JSC Corporation ‘Togliattiazot’ voted for appointment of Sergey Shishov as an interim CEO of JSC Corporation ‘Togliattiazot’.