Ukrnafta fully completes supervisory board
Kateryna Kuznetsova has been elected as an independent member of the Supervisory Board of PJSC Ukrnafta, the company's press service announced on Wednesday.
According to the report, Kuznetsova has over 25 years of experience in international auditing firms: she progressed from junior consultant to senior manager at Ernst & Young (Australia); worked as general manager of the financial department at the corporate center of SingTel Optus (Australia's second-largest telecom operator); and was director of the capital markets group at PwC (UK).
"The company actively implements the core principles of OECD corporate governance to ensure maximum efficiency of all processes, taking into account best international practices - including gender balance and professional expertise," said Serhiy Koretsky, Director of Ukrnafta.
As reported, the shareholders' meeting of Ukrnafta on March 6, 2024, approved the composition of the Supervisory Board, which included three independent members and two representatives from the shareholders – Naftogaz Ukrainy and the Ministry of Defense.
The independent members are Ireneusz Fąfara, Timothy Dodson, and Duncan Nightingale, with Naftogaz represented by Roza Tapanova and the Ministry of Defense by Liudmyla Darahan.
In April 2024, Fąfara became the head of the Polish concern ORLEN, leaving this position vacant since then.
Ukrnafta, the largest oil producer in Ukraine, operates the national network of filling stations. In March 2024, the company took over the management of Glusco's assets and operates a total of 545 filling stations – 460 of its own and 85 under management.
The company is implementing a comprehensive program to resume operations and update the format of its filling stations. Since February 2023, Ukrnafta has been issuing its own fuel vouchers and NAFTACard, sold to legal and physical entities through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is NJSC Naftogaz Ukrainy, holding a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights shares owned by private stakeholders to the state, currently managed by the Ministry of Defense.
