Photo: Energoatom

The Ministry of Economy, Environment and Agriculture has launched the competition for independent members of Energoatom’s Supervisory Board, Minister Oleksiy Sobolev announced on November 25.

Following a corruption scandal, the previous Supervisory Board was dismissed, increasing the number of vacancies for independent members from two to four.

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"Ukrainian and international professionals with management experience in energy and nuclear power, electricity markets, finance, auditing, risk management, compliance, or corporate governance — who meet independence requirements and have an impeccable business reputation — may apply," Sobolev wrote on Facebook.

He added that the process will include document screening, interviews with a recruiting agency, integrity checks, shortlisting, and final interviews by the nomination committee, which will select the winners through a transparent procedure coordinated with international partners.

According to the minister, the process has been agreed with the G7 countries, which will monitor the reboot of corporate governance at the company.

"We also systematically update the European Commission, the IMF, and other key partners on its progress. Together, we are forming a new Supervisory Board through a fully open and competitive process," Sobolev noted.

Energoatom is the largest electricity producer in Ukraine, operating three nuclear power plants in government-controlled territory and the Zaporizhzhia NPP in temporarily occupied Enerhodar. Together, they include 15 nuclear power units with a total capacity of 13.8 GW. The state owns 100% of Energoatom’s shares.
  • After the publication of the Mindich tapes, the Cabinet of Ministers dissolved Energoatom's Supervisory Board and pledged to urgently select a new board, which will appoint the company’s CEO.