International donors urge Ukraine to delay potential dismissal of power grid operator CEO

Representatives of international financial organisations are expressing concern over Volodymyr Kudrytskyi's potential dismissal as CEO of Ukrenergo, Ukraine's electricity transmission system operator. They are calling for a suspension of major management decisions until the Supervisory Board of Ukrenergo is formed. Source: a letter to Ukraine's Prime Minister Denys Shmyhal, obtained by Ekonomichna Pravda

Details: "In the current highly challenging situation, where the continuity of Ukrenergo's operations is crucial for Ukraine's security and winter preparations, any changes in the company's senior management must be carefully considered and thoroughly prepared," the letter says.

The international representatives are concerned about the delay in appointing the seventh independent member to the Supervisory Board of Ukrenergo. They emphasise that an independent supervisory board is essential for securing financing from the EU and other international donors for Ukrenergo. The letter's authors request that any decision to replace Kudrytskyi consider the views of the entire board.

Therefore, they emphasise that it is imperative that all management decisions are suspended until the selection of an independent seventh member of Ukrenergo's Supervisory Board.

The letter was signed by Katarina Mathernova, Ambassador of the European Union to Ukraine; Arvid Tuerkner, Executive Director for Ukraine and Moldova at the European Bank for Reconstruction and Development; Ines Rocha, Regional Director for Europe at the International Finance Corporation; and Roman Waschuk, Business Commissioner of the Business Commissioner's Council.

Background: Volodymyr Kudrytskyi, CEO of Ukrenergo, may soon be dismissed from his post.

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