Ukraine overhauls Energoatom with new USA-backed supervisory board
Ukraine is reforming the leadership of Energoatom, its state-owned nuclear energy company. Economy Minister Oleksii Sobolev is overseeing the creation of a new Supervisory Board, set to include seven members—four independent and three USA representatives. The board aims to improve oversight and restore confidence in the company’s operations.
The updated statute for Energoatom’s Supervisory Board outlines a structure with greater autonomy. This includes the power to appoint the CEO and make key decisions by a simple majority. The board’s mission covers controlling major contracts, responding swiftly to risks, and rebuilding trust in the organization.
The reformed Supervisory Board will take charge of critical functions, from CEO appointments to risk management. Its creation marks a step toward greater transparency and efficiency in Energoatom’s governance. The final board members will be named after the ongoing competition and review process finishes.
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