The State Property Fund of Ukraine announces the decision of the newly appointed supervisory board of PJSC “Centrenergo”

The State Property Fund of Ukraine announces the decision of the newly appointed supervisory board of PJSC “Centrenergo” to appoint Serhiy Isachenko as the company’s new director.

The newly appointed supervisory board was formed as part of a broader overhaul of the state energy sector, the need for which was outlined by the President of Ukraine

Its composition was determined based on the results of an open and competitive selection process conducted by the Interagency Commission for the Selection of Supervisory Board Members of Business Entities.   

In this context, the supervisory board’s decision is an important step toward strengthening corporate governance and ensuring proper oversight of the company’s operations.   For the State Property Fund of Ukraine, the key priority is to ensure that Centrenergo is ready for this year’s heating season, provides a transparent procedure for the restoration of damaged facilities, and operates as stably, transparently, and smoothly as possible, especially given the company’s role in the country’s energy system.   

Particular attention must be paid to ensuring that the company’s operations are free of any shady procurement schemes, inefficient use of resources, or decisions that could pose risks to the enterprise’s stable operation. 

In wartime, state energy assets must operate exclusively in the interests of the state, its citizens, and Ukraine’s energy security.   

The Fund supports all measures aimed at strengthening accountability, transparency, and  the effectiveness of management at strategic state-owned companies.