The Cabinet of Ministers of Ukraine at its meeting on October 3, approved the candidates of independent members and the representatives of the state on the Supervisory Board of State-owned Enterprise Ukrenergo National Power Company (hereinafter Ukrenergo).

Presenting nominees at the Government meeting, the Minister of the Cabinet of Ministers of Ukraine Olexandr Saienko recalled that that the competitive selection of independent members of the supervisory board was carried out by  the Committee for the appointment of heads of enterprises that are of particular importance to the economy.

According to the Minister, 4 independent members and 3 representatives of the state have become the members of the supervisory board of Ukrenergo.

"The committee has selected the best  executives to the supervisory board who have successful experience in implementing commercial energy projects, the experience of transformation processes run by national electricity operators such as Électricité de France, Enel, TERNA Rete Elettrica Nazionale, Energinet. Among them  are high-skilled financiers and  energy specialists in operational and strategic management of energy companies", Olexandr Saienko added.

The Government has approved the following candidatures for independent members of the Supervisory Board of Ukrenergo:

- Sevci Acuner, a former Director of the European Bank for Reconstruction and Development in Ukraine, who has long track record in  occupying senior posts in the international arena  and as a member of the supervisory boards and independent director of large companies in France, Germany, Lithuania, Poland, Russia, Belarus, Azerbaijan, Turkey and in Ukraine;

- Peder Andreasen, President and CEO of Energinet (Denmark), who has 13 years of experience as head of the company, he understands all finer points  of the work of the European Network of Transmission System Operators for Electricity, which is important in the context of Ukraine's accession to ENTSO-E;

- Olivier Appert, Délégué Général, Académie Des Technologies (France), who has worked for over 40 years in various positions in the energy sector of France - from control and oversight at the French Alternative Energies and Atomic Energy Commission to strategic planning and operational management on the side of commercial companies (Elf Aquitaine, Total, Technip and Électricité de France), he has also experience in international markets;

- Luigi de Francisci, a founder and CEO of  DFC Economics (Italy) who has over 20 years of managerial experience in electric power engineering, in particular in the Italian electricity transmission grid operator TERNA S.p.A. with a turnover of 2.6 billion euros and he worked in the largest energy company in Italy, Enel S.p.A. Mr. Luigi de Francisci  was engaged in projects  related to  renewable energy sources. In addition,  he is a member of the Council and General Assembly  of the European Network of Transmission System Operators (ENTSO-E).

The selection of candidates was carried ou by the  international leadership advisory company Odgers Berndtson Ukraine.

The Government also approved members of the supervisory board who will represent the state on the board:

- Serhii Kushnir, Deputy State Secretary of the Cabinet of Ministers of Ukraine, who has 15 years experience in occupying different posts at the state authorities,  he specializes in processes of public administration. He is also a member of the Working Group on organizational and technical measures for the preparation of the  united electricity system of Ukraine for the integration with the energy systems of European countries.

- Maksym Nemchynov, State Secretary of the Ministry of Energy and Coal Industry of Ukraine. He has a long working experience at the Ministry of Energy and Coal Industry and in private companies in the coal market.

- Olexandr Poplavsky, Advisor to the Vice Prime Minister of Ukraine. He has worked in the public sector and he is familiar with interaction with central executive authorities, preparation and support of draft laws in the Verkhovna Rada of Ukraine.

The involvement of independent members in the supervisory boards of state-owned enterprises is in line with the international practice and recommendations of the Organization for Economic Co-operation and Development (OECD), which are followed by most of advanced and developing countries. In particular, according to these recommendations, officials of state bodies, leadership of ministries, should be removed from the management of state-owned companies

It should be noted that competitive selection of candidates for the position of an Independent Member of the Supervisory Board of State-owned Enterprise Ukrenergo National Power Company was announced on April 23. 66 candidates submitted applications for participation in the competition, including 42 Ukrainians and 4 women.