The selection process has been announced for supervisory boards of a number of energy companies, namely: LLC “Gas Transmission System Operator of Ukraine”, JSC “Ukrainian Distribution Networks”, Market Operator JSC, Centrenergo PJSC, Energy Company of Ukraine JSC, Energoatom NAEC, Ukrenergo PJSC, and Ukrhydroenergo PJSC, according to the Ministry of Economy, Environment, and Agriculture.
According to its announcement on Telegram on Monday, competitions have been announced for the following vacant positions in the Supervisory Board: OGTSU – two state representatives, URS – five members of the Supervisory Board (three independent and two state representatives), Market Operator – two state representatives, Centrenergo – five members of the supervisory board (three independent and two state representatives), EKU – one independent member, one state representative, Energoatom – three state representatives, Ukrenergo – one state representative, Ukrhydroenergo – one state representative.
Deadline for submission of documents: by 6 p.m. (Kyiv time) on December 21, 2025.
Key requirements for candidates include at least five years of experience in management positions in the public and/or private sector of the energy industry, higher education, proficiency in Ukrainian and English for Ukrainian citizens, or proficiency in English only for foreign citizens. In addition, among the requirements is the ability to devote at least 50 working days per year to performing duties.
It is noted that candidates may apply to several companies at the same time, which should be indicated separately in the application for participation in the selection process.
As reported, an appendix to Cabinet Resolution No. 1596 approved the procedure for selecting new members of supervisory boards in the energy sector, according to which a competition commission must be created. Its chairman is the head of the Ministry of Economy, Oleksiy Sobolev, who must approve the personal composition of the commission. The commission includes two representatives of the Ministry of Economy, one representative each from the Ministry of Finance, the Ministry of Justice, and the state agency that manages state property.
In the case of the largest state-owned companies, where the members of the supervisory board are selected by a nomination committee with the participation of foreign representatives, this procedure applies only to the selection of board members who are representatives of the state. But even in this case, the competition commission sends the selected candidates to the nomination committee.
In recent days, the head of the Ministry of Energy, Artem Nekrasov, dismissed all members of the Supervisory Board of the State Property Fund, two each from the Market Operator and the OGTSU, who had been appointed by orders of the ministry headed by Herman Galushchenko.
Thus, the Ministry of Energy dismissed all members of the Supervisory Board whose dismissal was provided for by Government Resolution No. 1596. There are no decisions by the State Property Fund on the dismissal of members of the Supervisory Board of companies under its management (we are talking about Centrenergo and Energy Company of Ukraine). At the same time, on December 9, the State Property Fund noted that due to changes in the procedure for selecting and appointing members of the supervisory boards of the state-owned joint-stock companies Energy Company of Ukraine and Centrenergo, the documents previously submitted by candidates cannot be accepted for consideration.
After the new selection procedure has been developed and approved, the Ministry of Economy of Ukraine will announce new competitions in accordance with the requirements of the law and will publish this information on its information platforms.
The government undertook to restructure the supervisory boards of energy companies after the National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAP) made public the Midas case concerning large-scale corruption in the energy sector. In particular, according to Resolution No. 1596, the Cabinet of Ministers instructed to dismiss two members of the supervisory boards of OGTSU, EKU, and Market Operator, three members of Centrenergo, and five members of URS.
According to the online portal Energorforma, the Ministry of Energy also proposed that the Cabinet of Ministers add JSC Ukrainian Distribution Networks, JSC Market Operator, and SE Guaranteed Buyer to the list of enterprises important to the economy with a state share of 50% or more, whose managers and members of supervisory boards are appointed with the participation of a nomination committee.
The relevant draft resolution provides for amendments, in particular, to Resolution No. 777 of September 3, 2008, on the competitive selection of managers of state-owned enterprises.
ENERGY COMPANY, selection, SUPERVISORY BOARD
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