13:58 13.12.2017

Govt introduces Ukrenergo's manager to Naftogaz's supervisory board

Govt introduces Ukrenergo's manager to Naftogaz's supervisory board

The Cabinet of Ministers of Ukraine has introduced Volodymyr Kudrytsky as a representative of the state to the supervisory board of national joint-stock company Naftogaz Ukrainy, the press service of the government has reported.

The decision was made at a government meeting in Kyiv on Wednesday.

Kudrytsky is director for investment and strategy at national energy company Ukrenergo.

"The government's resolution passed on November 22, 2017 says that representatives of the state in the supervisory board of Naftogaz Ukrainy are Advisor to the Ukrainian Prime Minister Serhiy Popik, former energy minister Volodymyr Demchyshyn and Ukreximbank Board Chairman Oleksandr Hrytsenko. However, Hrytsenko did not submit an application that he agrees to present the interests of the state in the supervisory board. Eventually, Popik, Demchyshyn and Kudrytsky are selected representatives of the state in the Naftogaz's supervisory board," the press service said.

The supervisory board also includes foreigners Clare Spottiswoode (UK), Bruno Lescoeur (France), Amos Hochstein (the United States) and Steve Haysom (Canada).

The government also permitted all members of the supervisory board to run posts in supervisory boards of over five enterprises. In addition, the limitation for members of the Naftogaz's supervisory board regarding their participation in supervisory boards and executive bodies of over three other companies was lifted.

Naftogaz Ukrainy unites oil and gas production assets in Ukraine, and is the country's gas transit, underground gas storage, and oil pipeline transportation monopoly.

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