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. 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.