New Naftogaz Supervisory Board Holds First Meeting, Elects Chair and Deputy Chair

The meeting took place on 12 March in Kyiv. All members of the Supervisory Board were present in person.

Establishing a professional and independent Supervisory Board in line with the best international standards is an important step for the further development of Naftogaz. I thank the Government of Ukraine for supporting corporate governance reform and for its professional approach to implementation” commented Sergii Koretskyi, Chief Executive Officer of Naftogaz.

At the meeting, the Supervisory Board established three committees. The Nominations, Remuneration and Evaluation Committee will be chaired by Robert Sleszynski. Its members also include Duncan Nightingale and Kostiantyn Marievich.

The Audit and Finance Committee will be chaired by Erik Rasmussen. Its members are Tor Martin Anfinnsen and Anna Artemenko. The Strategy and Sustainability Committee will be chaired by Tor Martin Anfinnsen. Its members include Erik Rasmussen and Anna Artemenko.

The Supervisory Board also reviewed a number of operational matters.

The Ukrainian Government recently appointed the renewed composition of the Supervisory Board of Naftogaz of Ukraine. The selection of Board members took place through a full and open procedure in accordance with OECD Guidelines on the Corporate Governance of State-Owned Enterprises.

Four independent Board members were selected through a transparent and independent competition. Two additional shareholder representatives from the state were appointed by the Ukrainian Government.

The full composition of the renewed Supervisory Board, as well as biographies of its members, can be found at the link.