At a meeting last Friday, the Cabinet of Ministers of Ukraine approved a five-member supervisory board of Energoatom, the Ministry of Economy reported.
In particular, Timothy John Stone, who has experience as an independent director of Horizon Nuclear Power, a non-executive director of the European Investment Bank, and heads the Nuclear Industry Association of Great Britain (NIA), became an independent member of the board.
The Board also includes Michael E. Kirst, who has held senior positions at Westinghouse Electric Company throughout his career. Prior to joining Westinghouse in 1996, Mr. Kirst was Director of the Economic Committee of the NATO Parliamentary Assembly in Brussels. He is the founder and managing director of EuroAtlantic Partners.
In addition, Jarek Neverovic, former Minister of Energy of Lithuania and Chief Advisor to the President of Lithuania on Environment and Infrastructure, became an independent member of the NNEGC. He also held various positions in the government of his country related to the operation of the electricity transmission system, management of investment funds and cooperation with national and multinational corporations.
The representatives of the state in the Supervisory Board of Energoatom are Tymofiy Mylovanov, former Minister of Economic Development, Trade and Agriculture of Ukraine, now President of the Kyiv School of Economics, and Vitaliy Petruk, State Secretary of the Ministry of Economy of Ukraine, who headed the State Agency of Ukraine on Exclusion Zone Management in 2015-19.
“We managed to attract world-class professionals as independent candidates. We expect that this Supervisory Board will strengthen the company’s energy capabilities and help attract much-needed investments in the nuclear industry,” said First Vice Prime Minister and Minister of Economy Yulia Svyrydenko.
As reported, the decision to establish Energoatom, a 100% state-owned company, was made by the Cabinet of Ministers on December 29, 2023.
In January 2024, the state registration of the company and its charter took place, and in February the company received a certificate of registration of the issue of shares for more than UAH 306 billion.
In early March, NNEGC Chairman Petro Kotin announced that more than 40 applications had been submitted for the competition to select independent members of the Supervisory Board of NNEGC Energoatom.
