KYIV – Ukraine’s government appointed Yuriy Vitrenko as the new CEO of state-owned giant Naftogaz on April 28, replacing Andriy Kobolyev, who had led the enterprise since 2014. The move, which occurred the day after the national oil and gas company reported a loss in 2020 of $684 million, was taken by Ukraine’s Cabinet of Ministers, which used a legal loophole to rid themselves of Mr. Kobolyev.
Government ousts Naftogaz chief, undermining corporate governance standards
By Ukrainian Weekly Editor7 Mins Read