Business news from Ukraine

UKRAINIAN MHP APPOINTS PHILIP WILKINSON NEW DIRECTOR

The shareholders of Myronivsky Hliboproduct agricultural holding (MHP) have approved the appointment of Philip Wilkinson as an additional director of the company. According to the MHP report on the London Stock Exchange’s website, the appointment was the only issue on the agenda of the company’s extraordinary meeting on March 24, 2020.
MHP is the largest producer of poultry in Ukraine. It is also engaged in production of cereals, sunflower oil, meat. MHP supplies chilled poultry carcasses to the European market, which are processed, in particular, at its enterprises in the Netherlands and Slovakia.
In February 2019, MHP completed the acquisition of the Slovenian company Perutnina Ptuj.
The founder and majority shareholder of MHP is Ukrainian businessman Yuriy Kosiuk.
In 2018, MHP’s net profit decreased by 44.3%, to $128 million, revenue increased by 21%, to $1.556 billion.

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MATTEO PATRONE FROM ITALY APPOINTED NEW DIRECTOR OF EBRD FOR UKRAINE, EASTERN EUROPE AND CAUCASUS

The European Bank for Reconstruction and Development (EBRD) has appointed Matteo Patrone as Managing Director for Eastern Europe and the Caucasus, according to a report on the EBRD’s website. “Matteo Patrone will be responsible for the bank’s operations and engagement in Ukraine, Belarus, Moldova, Armenia, Azerbaijan, and Georgia. The EBRD’s combined investment in the six countries stands at almost EUR 24 billion throughout all sectors of their economies to date,” the report says. “Patrone will work in Kyiv. He is taking over the position from Francis Malige, who was the first Managing Director of the EBRD’s Eastern Europe hub and has recently been appointed Managing Director, Financial Institutions, at the bank’s headquarters in London,” according to the document.
“I am honored and humbled to take on this new position at the EBRD in an exciting region. We have seen impressive progress in all countries under my predecessor and it will be my priority to create the conditions for our strong local teams to build on this and expand further. The needs are huge and our offer is attractive. Our aim will be to continue promoting the competitiveness of the local economies as they are moving closer to Europe,” Patrone said.
“Patrone, an Italian national, joined the EBRD in 2008 in London as a member of the corporate equity team after a successful career in the private sector. He was appointed Director for Serbia in 2012 and Regional Director for Romania and Bulgaria in 2015.
The EBRD is the largest international financial investor in Ukraine. Since the beginning of its activities in the country in 1993, the bank has undertaken total commitments to provide almost EUR 12.1 billion for about 400 projects.

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