14:24 19.01.2016

Economy ministry to submit expanded list of Russian goods for embargo to Cabinet on Jan 20

2 min read
Economy ministry to submit expanded list of Russian goods for embargo to Cabinet on Jan 20

Ukraine's Economic Development and Trade Ministry has hired Odgers Berndtson, which is engaged in the executive recruitment and international executive search, to select candidates for the positions of independent members of NJSC Naftogaz Ukrainy's supervisory board, the ministry's press service said in a statement.

"The supervisory board will have five members, three of them will be independent, and the other two will be appointed by the government. Candidates for the supervisory board's independent members will be selected by the committee for the selection of top managers of strategically important enterprises, which consists of five ministers and five independent members from international financial institutions and the business environment. The composition of the supervisory board will be endorsed by the Economic Development and Trade Ministry," the statement said.

Odgers Berndtson's services will be paid by the European Bank for Reconstruction and Development.

February 10, 2016, is the deadline for potential candidates' applications, Naftogaz CEO Andriy Kobolev said.

The candidates should be experienced in strategic management at large oil and gas producers and energy companies that operate outside Ukraine.

What is more, individuals who have been working for the executive bodies of state-controlled companies for the past five years will not be considered. The candidates should speak English, while Ukrainian is not required.

The candidates should expect that at least 20% of their time will have to be spent on the company.

Naftogaz's board should be formed by April 2017 under Cabinet resolution No. 1002 dated December 5, 2015.

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