MainNews -

Naftogaz completes formation of supervisory board

Kostyantyn Maryevych will represent the state on the supervisory board.

Naftogaz completes formation of supervisory board
Photo: Interfax-Ukraine

At its meeting on 29 December, the Cabinet of Ministers of Ukraine appointed Kostyantyn Maryevych as state representative to the supervisory board of Naftogaz Ukrayiny, effectively completing its formation, the Ministry of Economy has said.

Kostyantyn Maryevych is the first deputy state secretary of the Cabinet of Ministers of Ukraine.

"In addition to improving the efficiency of the company's management, a strong supervisory board should become a beacon for partners and an impetus for attracting new investments," said First Deputy Prime Minister Yuliya Svyrydenko.

The formation of the supervisory board is part of the corporate governance reform.

Naftogaz is Ukraine's largest state-owned company, the country's first hydrocarbon producer and a national hydrocarbon import and transit contractor. The company's supervisory board consists of four independent directors and three state representatives.

Read LB.ua news on social networks Facebook, Twitter and Telegram