13:22 22.11.2017

Govt approves new Naftogaz's supervisory board with citizens of UK, US, Canada, France

Govt approves new Naftogaz's supervisory board with citizens of UK, US, Canada, France

Govt approves new Naftogaz's supervisory board with citizens of UK, US, Canada, France

(Lead paragraph updated)

KYIV. Nov 22 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine has approved a new supervisory board of national joint-stock company Naftogaz Ukrainy, which includes foreigners Clare Spottiswoode (UK), Bruno Lescoeur (France), Amos Hochstein (the United States) and Steve Haysom (Canada).

The government made the decision at a meeting on Wednesday.

In addition, Ukrainians Oleksandr Hrytsenko (Board Chairman of Ukreximbank), Serhiy Popik (an advisor to the prime minister) joined the board. Volodymyr Demchyshyn remained a member of the supervisory board.

Ukrainian Prime Minister Volodymyr Groysman said that the supervisory board was created in tight cooperation with international partners.

"The new supervisory board will have a task of increasing efficiency of the company and conducting unbundling. It would have a task of providing for sharp increase in gas production in the country… and help to de-monopolize the market and create the gas market in Ukraine," Groysman said.

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