US expects new CEO of Ukrenergo to be elected after supervisory board is filled out
Pravda Ukraine
Ukraine should fill out the entire supervisory board of Ukrenergo, Ukrainian state-owned electricity transmission system operator, whose independent members resigned in protest of the politically motivated retirement of the company’s CEO, Volodymyr Kudrytskyi.
Source: US Ambassador to Ukraine Bridget Brink in a statement to journalists in Kyiv, as reported by European Pravda
Details: Ambassador Brink said that the United States has addressed this matter with Ukrainian officials, but she did not go in depth about the signals sent between the two. “I will not disclose our diplomatic communications,” she said.
However, the ambassador linked the development of this situation to the amount of investment in the Ukrainian energy industry. “Confidence in the independence of the institution and the independence of the supervisory board is extremely important for American investments in the energy sector, and this fully applies to private investments,” she said, expressing confidence in the importance of restoring Ukraine’s energy sector and building a decentralised energy generation system.
According to Bridget Brink, the United States is waiting for the leadership posts to be filled.
“Our recommendation is to fill the three vacant positions on the supervisory board and elect a new head of the company in accordance with OECD standards,” she told reporters.
Background: Two independent members of Ukrenergo submitted their resignation letters on 3 September, publicly citing the political pressure that resulted in the dismissal of the company’s CEO, Volodymyr Kudrytskyi, as the reason. They believe that Ukrenergo’s corporate governance has been called into question. Another opening had not been filled even before that, despite repeated requests from partners to Ukrainian authorities.
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