In a reversal, the 5-member Naftogaz Supervisory Board agreed yesterday to stay on for a one-year term – on the condition that the current Executive Board remains and the roadmap submitted by the Supervisory Board last Friday is respected.

Thursday, May 20, 2021

Clare Spottiswoode, the British energy executive who chairs the Supervisory Board, said yesterday in a video address to the Cabinet of Ministers: “We will carefully consider any good ideas and changes in the implementation of our roadmap proposed to us by the Chairman of the Board [Yuriy Vitrenko].” The Supervisory Board had quit en masse, effective last Friday, in protest over the government’s ‘legal manipulation’ on April 28 to oust Andriy Kobolyev, Naftogaz CEO for seven years.

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