The Supervisory Board of JSC “NAEK “Energoatom” has selected Yuriy Tkachuk, the general director of another major state-owned enterprise—JSC “Ukrgazvydobuvannya”—as the winner of the competitive selection process for the position of Chief Executive Officer (CEO) of the company.
According to a press release issued by Energoatom on Sunday evening, Pavlo Pavlyshyn, who headed the Rivne Nuclear Power Plant for 10 years, was also selected as the winner of the competitive selection process for the position of Chief Nuclear Officer (CNO).
“We deliberately selected two executives with different but complementary professional backgrounds. Yuriy Tkachuk will be responsible for the overall management of the company. Pavlo Pavlyshyn will have professional authority in the field of nuclear safety—with the necessary status and independence to halt any activity if it does not meet safety requirements,” the statement quoted Supervisory Board Chair Rumina Velshi as saying.
She emphasized that this separation of powers is in line with the established practice of leading nuclear power operators worldwide.
It is noted that as part of the international search for a CEO, 78 potential candidates from Ukraine and international markets were considered. Nine of them advanced to the comprehensive evaluation stage, which included structured interviews with senior management, an assessment of leadership potential, a review of professional reputation and integrity, and an evaluation based on a defined set of professional and leadership criteria. The finalists presented their strategic vision for the development of “Energoatom” to the supervisory board, after which the board conducted a final evaluation and made its decision.
Both selection processes were conducted with the support of Korn Ferry, which evaluated the candidates and conducted an independent review of their professional reputation and integrity.
Prior to joining “Ukrgazvydobuvannya,” Tkachuk served as acting head of PJSC “Ukrnafta” from May through December 2025, and from November 2022, he served as CFO of this state-owned company, where he was responsible for financial strategy, risk management, and investment policy. Since July 2026, he has also been a member of the board of directors of NJSC “Naftogaz of Ukraine.” He has held senior financial positions at PJSC “Zaporizhtransformator” and Konstantin Grigorishin’s “Energy Standard” Group. He has over 25 years of experience in the energy and industrial sectors.
Pavlyshyn headed the Rivne Nuclear Power Plant from June 2012 to June 2022, with a break from December 2019 to March 2020, when he served as acting president of Energoatom. In June 2022, he was reassigned to the position of director of “Atomremontservice” for the duration of martial law. On October 25, 2022, he began serving as first deputy mayor of Varash, a satellite city of the Rivne NPP.
The Supervisory Board noted that previously, overall management of the company and responsibility for nuclear safety were concentrated within a single leadership role, whereas now the chairman of the board bears overall responsibility for Energoatom’s operations, while the CNO is vested with independent professional authority over nuclear and radiation safety, as well as the operation of nuclear facilities.
“One of Energoatom’s key problems was corporate governance.” “What the ‘Midas’ operation (NABU’s investigation into a scheme for obtaining undue benefits in NAEK’s procurement activities—IF) revealed was not a technical glitch—it was a failure of the systems that are supposed to ensure proper oversight of how the company spends its funds and how it selects its executives,” emphasized Board Chair Velshi.
She noted that the changes begin precisely with changes to the method of selecting executives: both competitive selection processes were conducted independently of the government, based on predetermined criteria, and decisions were made on the basis of objective data and evaluation results.
According to the press release, the supervisory board expects to complete the formal appointment procedures within the coming weeks, provided that all legal, regulatory, and corporate requirements are met. For CNO, the relevant procedures include obtaining an individual license from the State Nuclear Regulatory
Inspectorate of Ukraine (SNRIU), as Pavlyshyn’s previous license was revoked in 2022.
Until the appointments take effect, the current interim management model will remain unchanged to ensure continuity in the company’s management and the safe operation of nuclear power plants, the press release states.
The Supervisory Board clarified that, in total, the comprehensive competitive selection process for the new management board comprises seven positions. Currently, the selection processes for the positions of Chief Financial Officer, Chief Legal Officer, Chief People Officer, and Chief Commercial Officer are at an advanced stage.
The Supervisory Board also plans to launch a competitive selection process in the near future for the position of General Inspector, who will be a member of the management board and will strengthen independent internal oversight in the field of nuclear and radiation safety, according to the press release.
NAEK “Energoatom” is Ukraine’s largest electricity producer and the operator of the country’s nuclear power plants.
In 2025, Energoatom increased its total revenue by 23.0% to 254.7 billion UAH, EBITDA by 54.6% to 53.8 billion UAH, and net profit by a factor of 14.4 to 18.7 billion UAH.
According to Interfax-Ukraine, Ukrainian Prime Minister Serhiy Koretskyi held his first meeting with the Supervisory Board of NAEK “Energoatom,” emphasized the need to overhaul the company’s management as soon as possible, and promised all necessary support.
“I held my first meeting with the Supervisory Board of Energoatom. The government expects the Supervisory Board to carry out a thorough overhaul of the company’s management. This is a top priority. The government will provide all necessary support,” he wrote on his Telegram channel following Wednesday’s meeting.
The prime minister emphasized that “the new top management must be formed as soon as possible following a transparent competition.”
According to him, he also discussed the state-owned company’s financial condition and preparations for the fall-winter period with members of the Supervisory Board.
“Such meetings will take place regularly,” he said.
As previously reported, according to a forecast by First Deputy Prime Minister for Energy Denis Shmyhal, NAEK “Energoatom” will have a new chairman of the board and a new executive body no later than October, based on the results of a competition for which the deadline for submitting applications was July 31, 2026.
As for NJSC “Naftogaz of Ukraine,” for which President Volodymyr Zelenskyy has proposed appointing former Ukrainian Prime Minister Yulia Svyrydenko as chair, Oleksandr Vizir, coordinator of the “Energy and Climate” sector at the Ukraine Facility Platform and corporate governance expert Oleksandr Vizir noted in a comment to “EnergoReform” a week ago that negotiations are most likely still ongoing with the independent members of the company’s Supervisory Board (SB), which has the authority to appoint the chairman of the board or the person acting in that capacity.
For her part, Olga Babiy, a former member of the National Commission for State Regulation of Energy and Public Utilities (NKREKU), noted in a comment to “EnergoReform” that Yulia Svyrydenko is “the ideal solution for Naftogaz” and does not know why she has not yet been appointed.
During Question Time for the government in the Verkhovna Rada on August 21, Prime Minister Koretskyi noted that he considers it ideal if another person were appointed as the new chair of the board of NJSC “Naftogaz of Ukraine” after the 2026/27 fall-winter period (FWP).
COMPETITION, ENERGOATOM, ENERGY SECTOR, GOVERNMENT, MANAGEMENT
On August 19, JSC “NAEK ‘Energoatom’” announced a tender for liability insurance covering damage that may result from emergencies related to the operation of high-risk facilities
According to the Prozorro e-procurement system, the total expected cost of the services is 96,400 UAH.
Bids for participation in the tender will be accepted until August 27.
JSC NAEK “Energoatom” has fully fulfilled its special obligations to ensure the availability of electricity for residential consumers (PSO), aimed at making it more affordable, by covering 100% of the cost of the service for January–July 2026, totaling 141.448 billion UAH (including VAT), the company reported on Tuesday.
“The company continues to bear the key financial burden within the social tariff support system. Thanks to NAEK’s contributions, the state maintains the electricity tariff for millions of Ukrainian families at a level below the market rate,” Energoatom noted.
Currently, Energoatom has no outstanding debt to JSC “Guaranteed Buyer” for the PSO service.
In total, during the years of Russia’s full-scale war against Ukraine—from 2022 to 2025—Energoatom paid over 528.900 billion UAH (including VAT) for the PSO service.
As previously reported, in 2025, “Energoatom” paid 168.546 billion UAH for the PSO and transferred over 44.5 billion UAH to the state budget.
The Cabinet of Ministers of Ukraine, by Decree No. 399-r dated April 29, 2026, “On the Annual General Meeting of JSC NAEK ‘Energoatom,’” approved a net profit of 18,688,306,075 UAH, in accordance with the company’s consolidated financial statements for 2025. The government allocated 50% of the profit, amounting to 9,344,153,037.5 UAH, for the payment of dividends to the state budget.
JSC “NAEK “Energoatom” has fully fulfilled its special obligations to ensure the availability of electricity for residential consumers (PSO), aimed at making it more affordable, by covering 100% of the cost of the service for the first half of 2026, amounting to 131.116 billion UAH (including VAT), the company reported on Tuesday.
“The company continues to bear the main financial burden of ensuring the PSO mechanism. Thanks to Energoatom’s contributions, the state maintains electricity rates for millions of Ukrainian families at a level below market rates,” NAEK noted.
Currently, Energoatom has no outstanding debt to JSC “Guaranteed Buyer” for the PSO service.
In total, during the years of Russia’s full-scale war against Ukraine—from 2022 to 2025—Energoatom paid over 528.900 billion UAH (including VAT) for the PSO service.
As previously reported, in 2025, Energoatom paid 168.546 billion UAH for the PSO and transferred over 44.5 billion UAH to the state budget.
The Cabinet of Ministers of Ukraine, by Order No. 399-r dated April 29, 2026, “On the Annual General Meeting of JSC NAEK ‘Energoatom,’” approved a net profit of 18,688,306,075 UAH, in accordance with the company’s consolidated financial statements for 2025. The government allocated 50% of the profit, amounting to 9,344,153,037.5 UAH, to the payment of dividends to the state budget.
On June 24, JSC “NAEK ”Energoatom” (Kyiv) announced a tender for compulsory motor vehicle liability insurance (OSAGO). According to the Prozorro electronic government procurement system, the total estimated cost is 5,982 UAH.
The deadline for submitting tender documents is July 6.
