Two executives at Norwegian fertilizer company Yara International ASA (YAR.OS) stepped down Monday, after having been detained for questioning in connection with a corruption investigation.

Chief Financial Officer Hallgeir Storvik and Tor Holba, who heads the company's upstream unit, stepped down from their positions at their own request but will remain employed by the company, Yara said in a statement.

Storvik and Holba were detained by Norwegian police on Friday for questioning in connection with an economic crimes investigation that started in 2011.

Torgeir Kvidal, currently head of Yara's supply and trade unit, will take over as CFO, while Jan Duerloo, head of the projects and technology unit, has been appointed acting head of the upstream unit.

Friday's investigation is the third case of possible corruption involving Yara in the past year. In April last year, the company became aware of possible offenses related to its ownership in Libyan Norwegian Fertilizer Co., known as Lifeco.

Shares in Yara closed Friday at NOK233.70.

-By Sven Grundberg, Dow Jones Newswires; +46-8-5451-3098; sven.grundberg@dowjones.com; Twitter: @svengrundberg

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