Экономика 2016-08-07T06:33:33+03:00
Українські новини

Ukrnafta Board Chairman Rollins Takes Office Without Agreeing Terms Of His Contract With Supervisory Board

A source within the Ministry of Energy and Coal Industry disclosed this to Ukrainian News.

Ukrnafta oil company's Board Chairman Mark Rollins has taken office without agreeing the terms of his contract with the supervisory board of the company.

A source within the Ministry of Energy and Coal Industry disclosed this to Ukrainian News.

"He took office without a contract, which, in accordance with a July 22 decision of a meeting of shareholders, must be signed by the supervisory board, in which Naftogaz of Ukraine has a majority of 6 out of 11. The contract with him has not been agreed upon, and it will not be signed because he is insisting on exclusion of the provision obliging payment of dividends and taxes (arrears of royalties, VAT, and profit tax) this year," the source said.

According to the source, he does not exclude the possibility that the new board chairman has certain agreements with the minority shareholders of Ukrnafta regarding his wages because his official salary is about UAH 20,000 without conclusion of a contract with the supervisory board.

In addition, according to the source, Rollins intends to hire the Talant Advisers company, which organized the competition for the heads of the state enterprises under the control of the Ministry of Infrastructure, to organize a competition for selecting members of the board.

"Mykhailo Bakunenko (Ukrnafta's deputy board chairman for development) telephoned the director of Talant Advisers and asked him to come to the office of Ukrnafta at 10:00 tomorrow for a meeting with Rollins on the issue of organization of a competition for key positions in Ukrnafta," he added.

Thus, according to the source, the procedure for selecting candidates for seats on the board of Ukrnafta will last months.

As Ukrainian News earlier reported, Naftogaz of Ukraine owns 50% plus 1 share in Ukrnafta, which is a public joint-stock company, and companies affiliated with PrivatBank own about 42%.

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