News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

People

Rolet laments ‘tragic’ times as he exits Russian firm’s board

PhosAgro announced the departure of the CEO and three board members including Rolet

Xavier Rolet and Vladimir Putin in 2017, the year he was awarded an Order of Friendship by Russia
Xavier Rolet and Vladimir Putin in 2017, the year he was awarded an Order of Friendship by Russia Photo: Getty Images

Former London Stock Exchange Group boss Xavier Rolet has formally resigned from his role as chair of Russian fertiliser company PhosAgro.

In a 10 March email to Financial News, Rolet said: “In light of the announcement regarding the new EU sanctions list of Russian citizens, I have tendered my resignation as non-executive chairman and director of PhosAgro with immediate effect.

WSJ Logo