Business news from Ukraine

Business news from Ukraine

Ukraine has announced competition to select candidates for supervisory board of Energoatom

18 November , 2025  

The Cabinet of Ministers has announced a competition for candidates for the positions of independent members of the supervisory board of NAEK Energoatom, according to the Ministry of Economy, Environment, and Agriculture.

“The competition for candidates for the supervisory board of Energoatom announced today is unscheduled. On November 11, 2025, the Cabinet of Ministers terminated the powers of the supervisory board ahead of schedule. At the time of this decision, there were two independent members on the board, and the competitive selection of independent candidates for two more vacant positions was ongoing. The new competition will allow the positions that became vacant due to the early termination of the supervisory board to be filled,” the ministry said in a statement on its website.

The relevant order was adopted at a government meeting on Tuesday.

In addition, by protocol decision, the government instructed the Ministry of Economy to submit to the Committee for the Appointment of Heads of Enterprises of Particular Importance to the Economy proposals for candidates for state representatives to the Supervisory Board of Energoatom.

As noted on his Facebook page by the head of the Ministry of Economy, Alexei Sobolev, the ministry will soon submit to this Committee the candidacies of state representatives to form the full composition of the supervisory board of Energoatom.

Earlier, with reference to Prime Minister Yulia Sviridenko, it was reported that on Tuesday, November 18, the government decided to announce a competition for positions on the supervisory board of Naftogaz of Ukraine (four independent members – ER).

“The contracts of the current members expire in January. Accordingly, we are launching the competition now in order to approve the new composition of the supervisory body in a timely manner and ensure the continuity of its work. We expect the new composition of the Naftogaz supervisory board to be formed by January 20, 2026,” Sviridenko wrote on Telegram.

On August 15, 2025, the Cabinet of Ministers amended the charter of Energoatom, increasing the number of members of the supervisory board from five to seven. Before its dissolution on November 11, following the publicity surrounding the Midas case, the company’s supervisory board consisted of four people: its chairman, Jarek Niewierowicz, and deputy chairman, Michael Elliott Kirst, as well as state representatives Timofey Milovanov and Vitaly Petruk. The third independent member of the supervisory board, Timothy Stone, refused to sign the contract.

On September 15, the government announced a competition to select two independent members of the Energoatom supervisory board by order No. 983-r.

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