The competition for the Supervisory Board of Energoatom has begun: who can apply and how the selection will be made
26 November 2025 12:28
A competition has been launched in Ukraine to fill four positions of independent members of the Supervisory Board of Energoatom. The selection is carried out in accordance with the requirements and evaluation criteria approved by the Nomination Committee, following the full procedure agreed with international partners. The start of the competition was announced by the Minister of Economy, Environment and Agriculture Oleksiy Sobolev, "Komersant Ukrainian" reports
When can documents be submitted?
The application period will run from November 25 to December 4, 2025.
Candidates must submit a full package in Ukrainian and English.
Who can participate in the competition
Ukrainian and foreign professionals who have management experience and meet the criteria of independence can apply. The priority is given to candidates from the following areas:
- energy and nuclear power;
- electricity markets;
- finance and audit;
- risk management
- compliance;
- corporate governance.
An impeccable business reputation is a prerequisite.
Minimum requirements for candidates
The candidate must:
- have full civil capacity;
- provide proof of higher education;
- have knowledge of modern international practices in energy, nuclear industry and corporate governance
- have at least 5 years of managerial experience in the energy sector, the electricity market or in the civil service;
- at least 3 years of experience in supervisory boards is a significant advantage;
- be ready to work at least 50 working days a year;
- participate in meetings in person or online and travel to Ukraine;
- speak Ukrainian and English (for foreigners – English);
- have an impeccable reputation, integrity and impartiality.
Professional competencies that candidates must have
An independent member of the Supervisory Board must demonstrate expertise in at least one key area.
1. Business strategy and change management in the energy sector
- experience in developing and implementing long-term strategies in the nuclear and electricity industries;
- competence in the safe operation of nuclear power plants, nuclear materials circulation, and radioactive waste management;
- understanding of the specifics of long-term management of nuclear power plants (life extension, decommissioning, waste treatment).
2. Operational management and safety
- experience in C-level positions in companies with more than 2500 employees
- understanding of nuclear and green energy policies, EU and OECD standards;
- experience in scientific or consulting institutions of the nuclear industry;
- knowledge of innovative technologies in nuclear power generation.
3. Financial planning, audit and investment
- deep knowledge of finance and audit;
- experience in investment projects, debt restructuring and financing of large energy companies;
- participation in supervisory board committees is an advantage.
4. Legal support, compliance, risk management
- experience in legal support of complex reforms and transformations;
- understanding of Ukrainian and international regulation in the energy and nuclear sectors;
- expertise in compliance, anti-corruption, risk management;
- experience of working with European institutions and regulators.
Cross-functional competencies
This is a mandatory set of skills for all members of the Supervisory Board.
Corporate governance
- experience in supervisory boards;
- knowledge of corporate governance and ESG principles;
- experience in recruiting management and evaluating management performance.
Motivation and leadership
- leadership skills, strategic thinking;
- ability to work independently and critically;
- result orientation and responsibility;
- resilience to external pressures and crises;
- strong communication and conflict management skills.
Who cannot be nominated
Individuals who are
- are affiliated with companies under Ukrainian sanctions;
- have an outstanding criminal record;
- have been found guilty by a court of law of violations of corporate law;
- are citizens or residents of the aggressor state;
- hold elected positions, work in government agencies or in the civil service;
- have worked at Energoatom or its structures for the last 3-5 years;
- are affiliated with the company or its officials.
How the selection will be conducted
The procedure includes several stages:
- Analysis of documents and verification of compliance with the requirements.
- Interviews with the participation of a recruiting agency.
- Checking the integrity of candidates.
- Formation of a shortlist.
- Final interviews by the Nomination Committee.
The Nomination Committee will decide on the winners. The procedure is completely transparent and meets the standards agreed with the G7 countries, the European Commission and the IMF.
Minister Sobolev emphasized that the competition is the first practical step in the implementation of a joint plan with G7 partners to restart the corporate governance system at Energoatom.
Details of the competition and a full list of requirements for candidates are available in the official announcement on the Government’s website.
Why the competition is being held now
After a high-profile corruption scandal at the company, the government dismissed the previous supervisory board and ordered an audit of Energoatom’s activities. The Ministry of Economy was tasked with forming a new supervisory board in a short time.
At the same time, a broader reform is underway: renewal of supervisory boards at key energy state-owned companies, as well as an audit of their efficiency and compliance with international standards.
Who was on the dissolved board of Energoatom?
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.
