Ukrnafta elects full supervisory board

MOSCOW. Aug 7 (Interfax) - Ekaterina Kuznetsova has been elected as an independent member of the supervisory board of PJSC Ukrnafta, Ukrainian media reported, quoting a company press release.

Kuznetsova has over 25 years of experience in international auditing firms: she progressed from junior consultant to senior manager at Ernst & Young (Australia); worked as general manager of the financial department at the corporate center of SingTel Optus (Australia's second-largest telecom operator); and was director of the capital markets group at PwC (UK).

An Ukrnafta shareholders meeting of Ukrnafta on March 6, 2024, approved the composition of the supervisory board, which included three independent members and two representatives of shareholders - Naftogaz Ukraine and the Defense Ministry.

The independent members are Ireneusz Fafara, Timothy Dodson, and Duncan Nightingale, with Naftogaz represented by Roza Tapanova and the Defense Ministry by Lyudmila Daragan.

Fafara became the head of the Polish concern Orlen in April, leaving his position on the Ukrnafta board vacant since then.

Ukrnafta is Ukraine's largest oil producer and operator of the national chain of filling stations. The biggest shareholder is Naftogaz with 50% plus one share.