State-Owned Energy Giants See Board Renewals
Ukraine’s Cabinet of Ministers has greenlit several key appointments to the supervisory boards of major state-owned companies. For Ukrenergo, the national power grid operator, the government has approved the following candidates for its supervisory board:
- Yuriy Boyko
- Mykola Brusenko
- Yehor Perelyhin
Additionally, the Cabinet confirmed Anton Bendyk as a candidate for the supervisory board of Gas Transmission System Operator of Ukraine LLC.
New Competition Launched and Leadership Changes Underway
The government has announced a fresh competition for seats on the supervisory board of Ukrhydroenergo, triggered by the expiration of most board members' terms. This board renewal process has been ongoing since November 2025. In parallel, an updated supervisory board for Naftogaz of Ukraine NJSC was appointed, following a nomination committee’s proposal. At its inaugural meeting on March 17, the new board elected Duncan Nightingale as its chair—a veteran with over three decades of experience in the oil and gas sector.
Meanwhile, the supervisory board of Centrenergo PJSC voted to dismiss CEO Yevheniy Harkavyi, who had held the role since June 2024. Serhiy Isachenko has been appointed as the new head of Centrenergo. This leadership change was initiated by the State Property Fund and the company’s supervisory board.
“We have instructed the Ministry of Economy and the state company to conduct the relevant selection process as quickly as possible,” said Deputy Prime Minister Yuliia Svyrydenko, commenting on the recent supervisory board changes.
These decisions are set to shape the future trajectory of Ukraine’s energy sector.
Refreshing the supervisory boards of pivotal state enterprises marks a critical step toward bolstering governance in the energy domain. Given the nation’s ongoing challenges, such moves could support the government’s strategic push for energy independence and stability. Bringing in new experts with relevant experience may also enhance infrastructure development and improve Ukraine’s investment climate.