“Energoatom will receive a new supervisory board within a week: what is known
11 November 2025 23:32
The Cabinet of Ministers of Ukraine terminated the powers of the Supervisory Board of NNEGC Energoatom on Tuesday, November 11. The Ministry of Economy must now submit a new composition of the supervisory board within a week in consultation with international partners. This was stated by Prime Minister Yulia Svyrydenko on her Telegram channel, "Komersant Ukrainian" reports
The reason for the decision
Svyrydenko recalled that in 2023, the corporate reform of Energoatom was launched, as a result of which the supervisory board was formed through a competition. This body had full responsibility for the company’s activities – from appointing management to controlling financial processes.
“The Supervisory Board has all the levers of influence, from the appointment of management to control of the company’s activities. It is important that the Government does not interfere in its activities. The Supervisory Board should be responsible for the situation in the company,” the Prime Minister said.
New composition within a week
The Ministry of Economy has been instructed to submit an updated composition of the Supervisory Board, agreed with international partners, within a week.
The new body, according to Svyrydenko, should:
- restart the management of Energoatom;
- conduct a full audit of the company’s activities;
- assist law enforcement in investigating possible corruption.
Urgent audit
The Prime Minister has instructed the State Audit Service to conduct an urgent audit of Energoatom, in particular regarding procurement procedures.
“I have instructed the State Audit Service to conduct an urgent audit of Energoatom, including procurement,” Svyrydenko said.
The Prime Minister emphasized that she hopes for the audit results to be submitted to law enforcement and anti-corruption agencies as soon as possible.
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Who were the members of the dissolved council
The competitive selection of three independent members of the Supervisory Board was announced in February. In January 2024, Energoatom was registered as a joint-stock company. On February 21, the company received a certificate of registration for the issue of shares worth more than UAH 306 billion.
on June 22, 2024, the competitive selection process was completed and the Supervisory Board of the Energoatom Company was formed
The previous Supervisory Board consisted of both independent international experts and state representatives.
Independent members:
- Timothy John Stone is the Chairman of the UK Nuclear Industry Association and Nuclear Risk Insurers, a global leader in nuclear insurance. He is an independent director of Horizon Nuclear Power and a non-executive director of the European Investment Bank.
- Michael Elliot Kirst is the founder and managing director of EuroAtlantic Partners, with deep global expertise in the energy sector and the nuclear industry in particular. He has held senior positions at Westinghouse Electric Company.
- Jarek Neverovic is a former Minister of Energy of Lithuania and Chief Advisor to the President of Lithuania on Environment and Infrastructure.
Representatives of the state:
- Vitaliy Petruk – Head of the State Agency of Ukraine on Exclusion Zone Management (2015-2019).
- Tymofiy Mylovanov – former Minister of Economic Development, currently President of the Kyiv School of Economics.
What is known about corruption at Energoatom?
on November 10, the NABU announced the exposure of a corruption scheme at Energoatom, which included current and former energy officials. The criminals received undue benefits from the company’s contractors in the amount of 10-15% of the value of contracts, using the so-called “barrier” scheme to control payments and the status of suppliers.
The scheme involved a former deputy head of the State Property Fund, who became an advisor to the Minister of Energy, and a former law enforcement officer, who was the executive director of physical protection at Energoatom. Law enforcement officers found that the actual management of a strategic enterprise with an annual revenue of over UAH 200 billion was carried out by unauthorized persons without formal authority.
In addition, the NABU uncovered the “Legalization” scheme, in which a Kyiv office associated with the family of former Russian MP Andrii Derkach laundered money through a network of non-resident companies. About $100 million passed through this scheme, keeping “black books” and issuing cash outside of Ukraine.
According to MP Yaroslav Zhelezniak, the members of the criminal organization identified so far include:
- former advisor to the Minister of Energy Ihor Myroniuk;
- dmytro Basov, Executive Director for Physical Protection and Security of Energoatom JSC;
- businessman and head of the criminal organization Timur Mindich;
- four people – employees of the back office for money laundering.
At the same time, NABU reported only on searches at Energoatom, without mentioning Mindich or Halushchenko.
For his part, President of Ukraine Volodymyr Zelenskyy emphasized the need for transparency at Energoatom and the inevitability of punishment for corruption schemes in the energy sector.
MP Yaroslav Zheleznyak submitted resolutions to the Verkhovna Rada to dismiss Minister of Justice Herman Halushchenko and Minister of Energy Svitlana Hrynchuk.
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