Chair of Naftogaz Supervisory Board Resigns

KYIV, 25-Apr-2017 — /EuropaWire/ — On 3 April 2017, Naftogaz supervisory board chair Yulia Kovaliv submitted her resignation letter. Her powers as a supervisory board member shall be terminated on 17 April. In her address, Yulia Kovaliv notes that the international partners have acknowledged the reform of Naftogaz and Ukraine’s gas market as one of the most successful in the country’s past three years.

She also points out some remarkable results of the successful reform such as lower deficit of public funds, the removal of unnecessary intermediaries from the market and the elimination of the major corruption source in the gas sector.

Ms. Kovaliv, however, mentioned the clash of opinions on further development of Naftogaz and lack of consensus regarding the implementation of the corporate governance reform according to the initially envisaged plan.

Yulia Kovaliv is going to focus on her job at the National Investment Council Office.

Yulia Kovaliv was elected as a Naftogaz supervisory board member pursuant to Order №725 of 21 April 2016 issued by the Ministry of Economic Development and Trade.