Ukrnafta, a Naftogaz Group firm, will function beneath the management of a newly elected supervisory board. Naftogaz, Ukraine’s largest nationwide oil and gasoline group, mentioned in a media launch that Ukrnafta’s supervisory board options three impartial members and two shareholder representatives appointed by the Ukrainian Ministry of Protection and Naftogaz.
“Naftogaz Group has taken one other vital step towards implementing company governance reform at strategically vital state-owned Ukrainian enterprises”, commented Naftogaz CEO Oleksiy Chernyshov. “We are going to proceed the constant implementation of company governance at all the Group’s key enterprises. I’m assured that the election of Ukrnafta’s impartial supervisory board will enhance effectivity and guarantee applicable management over the corporate’s actions in accordance with OECD necessities”.
Naftogaz mentioned three impartial members, specifically Tim Dodson, Ireneusz Fąfara, and Duncan Nightingale, have been chosen by way of clear and impartial competitors.
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Dodson has over 40 years of expertise in extraction and geology. He’s the previous government vp of exploration at Equinor ASA, Naftogaz mentioned. Presently, he’s the board chair of one other Norwegian firm, Ennox Know-how Sdn Bhd, specializing within the processing of oil and waste.
“Ireneusz Fąfara is a specialist within the monetary, industrial, and oil and gasoline sectors with greater than 30 years of expertise who for eight years led the biggest oil refining firm within the Baltic international locations, Orlen Lietuva, with a plant processing 10 million tons of oil per 12 months”, Natfogaz mentioned.
Final, however not least, Nightingale brings over 30 years of expertise within the oil and gasoline trade. He’s a worldwide knowledgeable in oil and gasoline exploration throughout Latin America, Europe, Africa, and the Center East. Presently serving as CEO and board member at Blacksteel Power, he has led the modernization of manufacturing capacities, Naftogaz mentioned.
“The corporate’s shareholders might be represented by Liudmyla Darahan from the Ukrainian Ministry of Protection and Roza Tapanova appointed by Naftogaz, who was additionally the state consultant in Ukrnafta’s earlier supervisory board”, the group mentioned.
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