Olha Batova will be responsible for corporate governance in the State Property Fund of Ukraine
Today, the Cabinet of Ministers of Ukraine appointed Olha Batova to the position of the First Deputy Chairman of the State Property Fund of Ukraine. She will oversee corporate governance at this position.
Olha Batova is experienced in the field of managing legal and marketing areas in private business, in particular - structuring and establishing effective operation of enterprises (production, services, finance, etc.).
From January 2020, Olha Batova has worked as an advisor of the Chairman of the State Property Fund on corporate governance.
In this status, she accompanied critical largest enterprises' lawsuits managed by the Fund, established cooperation with law enforcement agencies, and communication channel with state-owned enterprises.
“Olha is not a new person in our team. As my advisor, she worked in the corporate governance segment for two years.
We organized processes and effective business planning side by side at state-owned enterprises. Corporate governance is probably one of the most important and difficult areas of the Fund's work.
As the intensive care unit, we have the most affected assets - with debts, lawsuits, corruption and dozens of other problems. And thanks to the efforts of the Fund's best professionals, we have learned to bring them back to life.
In just 2 years, we have reduced the net loss by a record 3 billion - next year we can get a "plus". Tax deductions increased by UAH 800 million, and dividends to the state - 3 times, by UAH 540 million,” said Dmytro Sennychenko, the Chairman of the State Property Fund of Ukraine.
On this position, Olha Batova will focus on maintaining the pace of positive change and improving its dynamics. Together with the Fund's Privatization Department, it is planned to prepare as many enterprises as possible for privatization next year in order to make room for the next enterprises to be privatized by the Fund after the triage already under way by the Ministry of Economy.
In addition, one of the key tasks is to start the privatization of enterprises burdened with debts and arrests, or to liquidate them in accordance with the law.
This will happen after the Verkhovna Rada passes a comprehensive law on investment promotion.
Today, about 560 enterprises managed by the Fund cannot be privatized due to the presence of encumbrances and the lack of a legislative mechanism for their removal for privatization.