PJSC Lekhim-Kharkiv (Kharkiv) will hold an extraordinary general meeting of shareholders remotely by means of a poll, according to a statement from the company.
According to the document, voting began on December 12 at 11:00 a.m. and will end on December 23 at 6:00 p.m., which is also the date set for the meeting (the date of the end of voting).
The draft agenda includes issues on the termination of the powers of the members of the supervisory board, the election of a new supervisory board (cumulative voting), and the approval of the terms of civil law contracts with the members of the supervisory board. In particular, the company proposes to terminate the powers of the head of the supervisory board, Valery Pechaev, and members of the supervisory board, Valentina Mazurik and Angela Nikitina. It is also proposed to define the agreements with the members of the supervisory board as gratuitous and to authorize the chairman of the management board, Dmitry Kolesnikov, to sign them on behalf of the company within one month from the date of the decision.
PrJSC Lekhim-Kharkiv (EGRPOU code 22676945) is registered in Kharkiv, at 36 Severina Pototskogo Street. The main shareholder is PrJSC Lekhim, which owns 98.17673% of the company’s shares (according to the ownership structure as of May 22, 2025).
According to the IFRS financial statements, in 2024, the company received net sales revenue of UAH 766.2 million and net profit of UAH 32.7 million; assets as of December 31, 2024 amounted to UAH 864.2 million, and equity capital amounted to UAH 671.8 million. The average number of employees in 2024 was 416.
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.
The Cabinet of Ministers published Resolution No. 1596 of December 3, “Issues of Management of Certain Business Entities,” which, as previously reported by Prime Minister Yulia Svyrydenko, initiated the immediate termination of the powers of a significant part of the supervisory boards of key state-owned energy companies.
According to the document, the government expects the Ministry of Energy and the State Property Fund to terminate the powers of the members of the supervisory board of LLC “Gas Transmission System Operator of Ukraine” (OGTSU) Vitaliy Zubriy and Ruslan Strilets, JSC “Energy Company of Ukraine” – Oksana Osmachko and Oleksandr Muzhel, and JSC “Market Operator” Olena Kovalchuk and Andriy Stepanenko.
This list also includes three members of the supervisory board of PJSC Centrenergo, Volodymyr Velychko, Andriy Hota, and Serhiy Simonov, as well as five members of the supervisory board of JSC Ukrainian Distribution Networks, Yevhen Litvinov, Oleg Kantsurov, Andriy Kostrytsya, Svitlana Bilko, and Andriy Pochtaiev.
In addition, the Ministry of Economy, Environment, and Agriculture has been instructed to prepare proposals for convening an extraordinary general meeting of Ukrainian Energy Machines JSC with the aim of terminating the powers of independent member of the supervisory board Andriy Tkachenko.
CABINET OF MINISTERS, CENTRENERGO, MARKET OPERATOR, SUPERVISORY BOARD, ЕКУ, ОГТСУ, УРС
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.
The Cabinet of Ministers has amended the charter of NAEK Energoatom, in particular by increasing the number of members of its supervisory board from five to seven, four of whom must be independent. The relevant amendments were approved by Cabinet Resolution No. 983 of August 15, 2025, published on the Government Portal.
According to paragraph 74 of the amended charter of Energoatom, the supervisory board consists of seven members, the majority of whom, namely four, must be independent, and three members must represent the state.
According to the company’s report in the NSSMC’s information disclosure system, the amendments supplement the powers of the general meeting of shareholders, and some of their powers have been transferred to the supervisory board.
Thus, the competence of the general meeting of shareholders no longer includes, among other things, the decision to appoint and dismiss the chairman and members of the management board in accordance with the proposals of the supervisory board. According to paragraph 12 of the amended charter, the election and termination of the powers of the chairman and members of the management board is the exclusive competence of the supervisory board. As well as approving the regulations on the management board, reviewing the management board’s report and making decisions based on its results, approving the company’s financial plan, as well as its medium-term (three to five years) investment plan and strategic development plan.
However, the powers of the general meeting of shareholders were expanded to include, in particular, the submission for approval by the Ministry of Finance of proposals on certain financial indicators, the amount of payments to the state, budget financing and quasi-fiscal operations, approving the owner’s letter of expectations based on the State Property Policy and after consultation with the company’s supervisory board, and approving the results of the supervisory board’s performance assessment.
As reported, the Cabinet of Ministers plans to complete the formation of supervisory boards of state-owned energy companies by December 2025, in full compliance with the principle of a majority of independent members, and wants to appoint the heads of such companies on a competitive basis. This is stated in the draft Government Action Program published on August 18.
In its updated Extended Fund Facility (EFF) program for Ukraine following the eighth review in early July, the International Monetary Fund (IMF) noted the need to further strengthen corporate governance of state-owned enterprises in Ukraine, in particular, the immediate appointment of the head of LLC Gas Transmission System Operator and the completion of the formation of the supervisory board of NAEK Energoatom, which provides for the expansion of its composition to seven members.
The supervisory board of Energoatom currently includes its chairman, Jarek Niewierowicz, and deputy chairman, Michael Elliott Kirst, as well as state representatives Timofey Milovanov and Vitaliy Petruk. The third independent member of the supervisory board, Timothy Stone, refused to sign the contract.
On August 8, the supervisory board of Veles Insurance Company (Odessa) extended the term of office of the chair of the management board, Oksana Sherstneva, until September 1, 2025, according to information published by the National Securities and Stock Market Commission (NSSMC) on the holding of a general meeting.
As reported, on July 17, 2025, the National Bank of Ukraine imposed measures on Veles Insurance Company in the form of a written warning due to the fact that the insurer’s authorized capital does not meet the requirements of the Insurance Law regarding its minimum size. In addition, an enforcement measure in the form of a written warning was also applied to IC Veles due to the non-compliance of the insurer’s business reputation and significant shareholders with the requirements of the law.
The company’s shareholders plan to consider increasing the authorized capital by 61.5%, or UAH 24 million, at a general meeting on August 14, 2025.
Veles Insurance Company has been operating in the market since 1998. It holds 15 licenses for voluntary and compulsory types of insurance. It is a member of the Insurance Business Association. Its authorized capital is UAH 39 million.
