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Independent members of Naftogaz supervisory board resign due to incompetence of its CEO

Source : 112 Ukraine

Members of the supervisory board noted that they could no longer ensure the proper functioning of board members as a collegial body
20:39, 8 September 2021

Naftogaz Ukraine state company
Delo.ua

Three independent members of the Naftogaz supervisory board have resigned due to the incompetence of Naftogaz CEO Yuriy Vitrenko. Supervisory board member Bruno Lescois said this in a comment to 112ua.tv.

"We will no longer witness the destruction of Naftogaz by a paranoid and incompetent CEO appointed by the government who ignores his own anti-corruption laws," Lescois said.

Related: Naftogaz and German RWE sign memorandum of cooperation in hydrogen economy sector

In a letter to the Prime Minister of Ukraine, members of the supervisory board noted that they could no longer ensure the proper functioning of board members as a collegial body because Vitrenko's actions had worsened relations with the supervisory board and the board.

"Finding no good corporate governance principles that would allow us to govern and perform our duties effectively, as well as to provide the necessary stability during a change of leadership, three independent members of the supervisory board consider it their duty to demonstrate the seriousness of the current situation, hoping to speed up the return to more normal company governance, " the letter said.

As we reported earlier, three independent members of the Naftogaz supervisory board resigned.

“Three independent members of the supervisory board of Naftogaz filed the letter of resigning on September 7; earlier, Prime Minister Denys Shmygal has announced the competition for these positions at the supervisory board,” the message says.

Related: Defense Council instructs to introduce principles in Naftogaz, which could not be established since 2014, - KSE

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