REG - Ros Agro PLC - Rusagro CEO Announcement

Ros AgroAnnouncement

25/11/2021 14:00

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RNS Number : 6353T  Ros Agro PLC  25 November 2021

 

 

ROS AGRO PLC announces the successor to the CEO of Rusagro

From 1 January 2022, Timur Lipatov will become Rusagro's Chief Executive
Director. Contract of Maxim Basov, current CEO, will expire on 31 December
2021.

At Rusagro Mr. Lipatov will focus on improvement of business operational
efficiency through increase of processes efficiency, costs optimization,
production culture development and implementation of digitalization strategy.
Moreover, he will continue to expand global presence and product mix of the
Company.

Vadim Moshkovich, Rusagro's founder and the Chairman of the Board of Directors
comments on the coming changes, "Together with Maxim Basov we have
successfully built a company with leading positions on the market and among
top-50 most quickly growing companies in Russia. However, today Rusagro
operates on consolidated and highly competitive markets. Hence, we need to
dedicate more efforts on improving internal efficiency, which will allow us to
sustain growth of the Company's value. I expect that Rusagro's team headed by
Timur will foster the creation of fundamentally new products to fulfill the
mission of the Company - Make the live of the people longer and better."

Timur Lipatov has great experience in large Russian and international
industrial companies with high production culture. He has been working in
Rusagro since 1 September 2021. Before that Mr. Lipatov headed OJSC Power
Machines Machiny (Siloviye Mashiny) from 2018 to 2021 and from 2015 to 2018 he
was CEO of JSC Inter RAO UES - Management of Electrogeneration. Under his
management these companies demonstrated growth of financial and operational
results. Previously, Mr. Lipatov held top positions at such companies, as E.ON
Russia, OGK-3 and OGK-5, as well as Technopromexport.

Timur graduated with honors from National Research University "Moscow Power
Engineering Institute" and International Independent University of
Environmental and Political Sciences and received two specializations - in
heat power and management. In 2012, he received MBA degree from European
School of Management and Technology, Berlin, Germany.

 

 

 

 

 

 

 

 

 

 

 

 

ABOUT ROS AGRO PLC

ROS AGRO PLC (LSE, MOEX: AGRO) - a holding company of Rusagro Group, a leading
Russian diversified food producer with vertically integrated operations in the
following branches:

Agricultural Segment

Rusagro currently controls one of the largest land banks among Russian
agriculture producers, with 691 thousand hectares of land under control
located in the highly fertile Black Earth region of Russia (in the Belgorod,
Tambov, Voronezh, Kursk, Orel regions), in Saratov regionand in the Far East
Primorye Region. Land and production sites are strategically located within

the same regions to optimize efficiency and minimize logistical costs. Rusagro
is one

of the major sugar beet producers in Russia, but it also produces wheat and
barley, sunflower seeds and soybeans. These products are partially consumed by
the Meat segment, supporting a synergistic effect and lowering price change
risk.

Oil and Fat Segment

Rusagro is the leading crude sunflower oil and consumer margarine producer,
second largest industrial fats and mayonnaise producer in Russia with products
sold under eleven key brands, such as EZhK, Schedroye Leto, Mechta Khozyaiki,
umbrella brand Ya Lublu Gotovit (includes Moskovskiy Provansal, Novosibirskiy
Provansal and Saratovskiy Provansal), Rossiyanka and Saratovskiy Slivochniy,
Benefitto, Maslava and Leto Krasno (红色夏日), which is sold on the
Chinese market. Rusagro also produces dry industrial mixes, cheeses, butter
and cream sold under three brands: Milie, Syrnaya Kultura and Ya Lublu
Gotovit. Rusagro owns four crushing and two oil & fats plants and leases
two milk processing plants. Owning its sunflower and soy oil production allows
Rusagro to control the source of the sunflower and soybean oil required to
produce oil and fats products.

Sugar Segment

Rusagro is one of the leading Russian sugar producers (№2 in Russia and №1
on cube white sugar market), producing sugar from sugar beet at nine
production sites in four regions. Group produces white and brown sugar sold
under the brands Russkii Sakhar, Chaikofsky, Mon Cafeand Brauni. The Sugar
segment is vertically integrated and sugar beets are supplied by Rusagro's
Agriculture segment, which ensures a consistent supply. The sugar segment also
operates a cereal plant and sells buckwheat and rice under the brand Tyoplye
Traditsii.

Meat Segment

Rusagro is №3 largest pork producer in Russia in Russia. It operates large
commercial pig breeding complexes adhering to best practices regarding
biosecurity standards, nucleus farms, compound feed plants, slaughterhouses
and meat processing plants in Tambov and Belgorod Regions and in the Russian
Far East. Since 2016, Rusagro sells retail products under its own brand Slovo
Myasnika (Butcher's word).

 

 

CONTACTS

Svetlana Kuznetsova

IR & ESG Director

Phone:  +7 495 363 1661,

E-mail: ir@rusagrogroup.ru

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