The Cabinet of Ministers of Ukraine (CMU) has appointed new members to the Executive Board of Naftogaz of
Ukraine NJSC.
Members newly appointed by the CMU decision include Mavriky Kalugin, Olena Boichenko, Roman Chumak, and Vladyslav Volovyk. The new Executive Board of Naftogaz consists of experienced industry experts with Ukrainian and international experience.
Now, the board membership is balanced in terms of industry specialization, as well as both national and international background. Notably, for the first time in the Naftogaz history, one of the board members is an actual oil and gas professional with the international industry-specific education and operational experience, both in Ukraine and in other countries.
These new board members have been appointed to hold office until a new professional Supervisory Board of Naftogaz selected though an open competition, appoints a new Executive Board as required by the OECD procedures.
As for the preceding board membership, the Naftogaz Supervisory Board terminated the powers of Otto Waterlander and Peter Van Driel at its meeting on 20 September 2021. This decision was made, notably, without any submissions by the company’s CEO or duly executed resignation letters filed by Otto Waterlander and Peter Van Driel. The powers of Sergii Pereloma and Yaroslav Teklyuk as board members were terminated by the Cabinet of Ministers of Ukraine based on the Naftogaz CEO’s submission.
