Andrey Guryev

Andrey Guryev
Born 1959/1960 (age 55–56)
Residence Moscow, Russia
Nationality Russian
Alma mater Russian State University of Physical Education, Sport, Youth and Tourism
Occupation CEO, PhosAgro
Net worth $3.8 billion (May 2015)[1]
Spouse(s) Evgenia
Children Andrey Guryev, Jr.
Julia Gurieva

Andrey Grigoryevich Guryev (Russian: Андре́й Григо́рьевич Гу́рьев) (born March 24, 1960) is a Russian billionaire, the former head of PhosAgro, one of the four largest producers of phosphate-based fertilizers in the world.

He is Vice President of the Russian Union of Chemists.[2]

Early life

Guryev was born in Lobnya, a town 27 kilometers (17 mi) north of Moscow. He graduated in 1983 from the Russian State University of Physical Education, Sport, Youth and Tourism,[1] with a degree in physical education and sport. Guryev was further educated at the University of Greenwich, where he graduated with a bachelor's degree in Economics in 2003, as well as at the Russian Government Academy of National Economy, graduating in 2004, and at St. Petersburg National Mineral Resources University, where he graduated with post-graduate certificate in Economics in 2010.[3]

Guryev is a Judo master and from 1978 to 1987, served as an instructor and Committee Secretary for the Mosgorsovet’s Dinamo Komsomol organization.[4] From 1987 to 1990, Gurvey served as the Committee Secretary of the Frunsensky District Komsomol (Moscow). Gurvey was an active and committed communist, it was only during perestroika that he turned to business and capitalism.[5]

Career

In 1990, Guryev started his career working for Mikhail Khodorkovsky at the Menatep Group.[6] He rose quickly through the ranks and was appointed chairman of Apatit, a subsidiary of the Menatep.

From 1990 to 1995 he was Deputy Director of the Menatep Group.

In 1995, he was appointed as Head of the Mining and Chemical Products Department, First Deputy CEO of ROSPROM and subsequently head of the Y. V. Samoilov Research Institute for Fertilizers and Insectofungicides (NIUIF).[7]

In 2011, Guryev owned 71% of PhosAgro, with 10% owned by Vladimir Litvinenko.[8]

In 2012, PhosAgro purchased 20% of Apatit. Guryev led a management buyout to acquire control of Apatit and PhosAgro, and now owns 100% of the company.[9]

Between 2011 and 2013 Guryev served as a Member of the Federation Council from the executive branch of the Murmansk oblast government.[10]

In 2013, Andrey Guryev was appointed Deputy Chairman of PhoAgro's Board of Directors.[4][11] This came after he made the decision to step down as Senator, citing the new laws regarding foreign bank account owned by Russian entrepreneurs as his reason for stepping down after 11 years as a politician.[12]

In 2014 Guryev sold an increased stake in PhosAgro to Valdimir Litvineko, bringing the latter's total ownership to 9.73%, up from 4.92% in 2011.[13]

In early 2015, current CEO Andrei Guryev Jr, Andrey Guryev’s son, was reported as saying, “PhosAgro is the most profitable phosphate fertilizer company in the world.”[14]

PhosAgro is structured so that Guryev and his family are recipients of a trust, rather than outright ownership in their names, though Evgenia Guryev, Guryev’s wife, owns 4.82% of PhosAgro in her own name.[15]

In May 2015, Forbes estimated his net worth at US$3.8 billion.[1]

Personal life

He is married to Evgenia and they have two children, Andrey Guryev, Jr. and Julia Gurieva. Andrey Guryev, Jr, is CEO of PhosAgro.[16] Julia Gurieva is a lawyer, an associate at Hogan Lovells in Moscow.[17]

They own Witanhurst in Highgate, London's second largest house after Buckingham Palace.[16] Guryev has never given an interview to the press.[18]

References

  1. 1 2 3 "Andrei Guriev". Forbes. Retrieved 24 May 2015.
  2. ↑ "Russian Chemists Union | Leadership". www.ruschemunion.ru. Retrieved 2016-03-10.
  3. ↑ "Andrey Guryev, PhosAgro OAO: Profile & Biography". Bloomberg. Retrieved 2016-03-10.
  4. 1 2 "Andrey G. Guryev | Management | About the company". PhosAgro.com. Retrieved 2016-03-29.
  5. ↑ "Andrey Guryev Story - Bio, Facts, Networth, Home, Family, Auto | Famous Entrepreneurs | SuccessStory". successstory.com. Retrieved 2016-03-15.
  6. ↑ "Andrei Guriev". Forbes. Retrieved 2016-03-15.
  7. ↑ "Andrey G. Guryev | Corporate Governance | Investors". PhosAgro.com. Retrieved 2016-03-29.
  8. ↑ Popova, Olga (14 July 2011). "IPO yields $538m for Guryev". The Independent. Retrieved 24 May 2015.
  9. ↑ "Phosagro buys stake to secure fertiliser component supplier". Reuters. 2012-09-05. Retrieved 2016-03-15.
  10. ↑ "Murmansk senator re-elected". Barentsobserver. Retrieved 2016-03-15.
  11. ↑ "PhosAgro chief beneficiary Guryev joins board as deputy chairman (Part 2)". connection.ebscohost.com. Retrieved 2016-03-15.
  12. ↑ "Andrei Guryev Leaves Federation Council | News". The Moscow Times. Retrieved 2016-03-15.
  13. ↑ "Litvinenko buys $269 mln in PhosAgro shares from Guryevs, boosts stake to 14.5% (Part 2)". connection.ebscohost.com. Retrieved 2016-03-20.
  14. ↑ "Russian fertiliser firm Phosagro primed for growth as oil, rouble struggle". Reuters. 2015-01-26. Retrieved 2016-03-20.
  15. ↑ "Shareholder Information". PhosAgro.com. Retrieved 2016-03-29.
  16. 1 2 Caesar, Ed. "House of Secrets: Who owns London’s most expensive mansion?". NewYorker (June 2015). Retrieved 24 May 2015.
  17. ↑ "Julia Gurieva". Hogan Lovells. Retrieved 24 May 2015.
  18. ↑ Caesar, Ed (2015-06-01). "House of Secrets". The New Yorker. ISSN 0028-792X. Retrieved 2016-03-20.
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