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.