The Cabinet of Ministers of Ukraine appointed Yevhen Kravtsov as the Chairman of the Board of JSC Ukrzaliznytsia. The decision was approved by the Government at today's session.
After approval of the new version of the company's statute, the issue of selecting a candidate for the position of the chairman of the Board of JSC Ukrzaliznytsia and its submission to the shareholder, the Cabinet of Ministers of Ukraine, is within the competence of the Supervisory Board of the company. The selection of the candidate for the position of the chairman of the board is carried out in accordance with the procedure developed by the Supervisory Board and agreed with the Ministry of Economic Development and Trade of Ukraine.
Such a procedure, according to the Chairman of the Supervisory Board of JSC Ukrzaliznytsia Sevki Acuner, was developed, approved and agreed with the Ministry. "The members of the Supervisory Board, in accordance with this procedure, decided to conduct an assessment of the acting Chairman of the Board Yevhen Kravtsov, in particular, with the involvement of an external recruitment consultant for this purpose", said Sevki Acuner. He told that it had been precisely on the basis of the conclusion of the external consultant that the Supervisory Board unanimously elected Yevhen Kravtsov as a candidate for the position of the Chairman of the Board of JSC Ukrzaliznytsia and proposed for approval by the shareholder.
Sevki Acuner, Chairman of the Supervisory Board of Ukrzaliznytsia, praised the Government decision to appoint Yevhen Kravtsov as Chairman of the company's Board and expressed the hope that by joining the efforts of the Supervisory Board and the Board, Ukrzaliznytsia's development strategy will be approved in the shortest terms, and urgent steps will be taken to ensure the implementation of it.
In 2015 Yevhen Kravtsov assumed the office of advisor to the general director of Ukrzaliznytsia. Later he worked as CEO (for reform, property and legal policy) at Ukrzaliznytsia, head of the department for reforming and corporate development of Ukrzaliznytsia, member of the Board of JSC Ukrzaliznytsia, acting Chairman of the Board of JSC Ukrzaliznytsia, as well as the First Deputy Minister of Infrastructure of Ukraine - Chairman of the Supervisory Board of JSC Ukrzaliznytsia. In August 2017 Yevhen Kravtsov returned to Ukrzaliznytsia and served as the acting Chairman of the Board of the company.
Under the able leadership of Yevhen Kravtsov, the process of reforming the industry was completed and the company's first statute was adopted, corporate governance reform was introduced, and the supervisory board of the company was formed with the participation of independent members. Moreover, the state registrar has registered the changes to the statute of Ukrzaliznytsia. Its new version was approved by the Cabinet of Ministers of Ukraine on October 31, 2018. Ukrzaliznytsya has changed the type of partnership into a private joint-stock company.
Apart from that, the Cabinet of Ministers of Ukraine, which is a shareholder of Ukrzaliznytsia, on December 12, 2018, approved an action plan of step-by-step measures in corporate governance of the company. Under the leadership of Yevhen Kravtsov, a number of important infrastructure projects were successfully completed: the construction of the Beskydy rail tunnel in the Carpathian Mountains, the electrification of the railway section Potoky - Zolotnyshyne along the Poltava-Kremenchuh rail communication (first activities on electrification after a six-year break), an increased capacity in the Zaporizhzhia – Comysh-Zorya – Volnovakha – Mariupol communication. In addition, the project for launching the high-speed express train Kyiv - Boryspil International Airport has been implemented in extremely short terms.
It was under the leadership of Yevhen Kravtsov that the large-scale upgrade of the rolling stock was triggered over the years of Ukraine's independence. Apart from that, in recent years Ukrzaliznytsia became the first and only state-run company in Ukraine, which began to purchase diesel fuel with the use of a formula change in price taking into account Platts quotations.