The Supervisory Board of the state enterprise "NAEK "Energoatom" elected Jarek Neverovich as its chairman and Michael Elliott Kirst as deputy chairman during its regular meeting following the founding meeting in July, the company reported.
"Jarek Neverovich has been elected as the Chairman of the Supervisory Board of Energoatom, while Michael Elliott Kirst has been appointed as the Deputy Chairman, who also heads the audit committee established by the board," the Energoatom statement read on Friday evening.
NAEK also reported the absence of a third independent member of the Supervisory Board (Timothy Stone, who declined to sign the contract – ER), noting that under such circumstances, decisions regarding the establishment of the nominations committee and the remuneration committee are expected as soon as possible after the Supervisory Board receives the relevant legal conclusions.
"The strategic significance of NAEK "Energoatom" extends beyond Ukraine, making the company a key partner in regional strategic security and cooperation. Our responsibility is not only to help ensure a stable supply of necessary electricity for the country but also to position "Energoatom" as a model of corporate governance and innovation," Neverovich commented.
As stated in the report, transparency and open communication are defined as guiding principles of the Supervisory Board's activities, and the company itself aims to facilitate meaningful dialogue and cooperation with local and central authorities, as well as with stakeholders at the international level.
"The future of "Energoatom" depends on our ability to maintain trusting relationships, remain adaptable, and adhere to the highest governance standards. We will fulfill our assigned tasks on time, ensuring stability and continuity for all who rely on us," Neverovich assured.
Prior to this, the Minister of Energy, Herman Halushchenko, announced that the Supervisory Board of "Energoatom" would elect its chairman and begin full operations on Friday, January 17.
The Cabinet of Ministers approved independent members of the Supervisory Board of "Energoatom" Timothy Stone (Timothy John Stone), Michael Kirst (Michael E. Kirst), and Jarek Neverovich, as well as state representatives Timofei Milovanov and Vitalii Petruk in its order No. 566 dated June 21, 2024.
Since then, the Supervisory Board has not commenced full operations. Sources from the Interfax-Ukraine agency clarified that the independent members are dissatisfied with the remuneration amount.
The Cabinet of Ministers, in its order No. 566 dated June 21, 2024, approved independent members of the Supervisory Board of "Energoatom" Timothy Stone (Timothy John Stone), Michael Kirst (Michael E. Kirst), and Jarek Neverovich, along with state representatives Timofei Milovanov and Vitalii Petruk.
Since then, the Supervisory Board has not commenced full operations. Sources from the Interfax-Ukraine agency clarified that the independent members are dissatisfied with the remuneration amount.
The Cabinet approved the terms of contracts with members of the NAEK Supervisory Board without disclosing details in its order No. 1224 dated November 26, 2024.
In December of the same year, First Deputy Minister of Economy Oleksii Sobolev reported that the government is awaiting positions on contracts and readiness to continue work from the independent members of the "Energoatom" Supervisory Board, whose first meeting has been open since July 17. According to him, the proposed terms correspond to salaries in other large energy companies in Ukraine.
In early January 2025, Ukrainian MP Yaroslav Zheleznyak (Holos faction) suggested involving international partners in discussing the issue of the breakdown of the functioning of the NAEK "Energoatom" Supervisory Board.
EU Ambassador to Ukraine Katarina Maternova, in response to a letter from the Interfax-Ukraine agency on January 14, reported that G7 ambassadors urged Prime Minister Denys Shmyhal to ensure the functioning of the NAEK "Energoatom" Supervisory Board as soon as possible. According to her, having a full board will be important for discussing new significant investments.