The Cabinet of Ministers decided to become the Supervisory Board of Naftogaz itself

After the Cabinet of Ministers of Ukraine dismissed members of NJSC Naftogaz of Ukraine from the state in the person of Yuliia Kovaliv, Nataliia Boiko and Yuliia Sviridenko, following independent directors who resigned in early September, the government will act as the supervisory board of Naftogaz until the election of its new composition, according to the press service.

After the voluntary resignation of three independent members, following the Company's Charter, such a supervisory board became unauthorized, that is, it lost the ability to make decisions.

For the company not to be left without a governing body on the eve of the heating season, and so that, following the legislation, the Cabinet of Ministers of Ukraine could perform the functions of the supervisory board of the Company before the election of its new composition, it was necessary to terminate the powers of state representatives.

Naftogaz expects that by December new independent members of the Supervisory Board will be elected at an open tender.

Tags: The Cabinet of Ministers, Naftogaz, legislation, Top management, energy market, heating season, Vitrenko, Gas market, Shmyhal, oil and gas industry

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