The Cabinet of Ministers has limited the salaries of members of Naftogaz’s supervisory board

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The Cabinet of Ministers has limited the salaries of members of Naftogaz’s supervisory board

26.05.2021 News

The Cabinet of Ministers has set the maximum allowable amount of the basic annual fee for the services of a member of the Supervisory Board of NJSC Naftogaz of Ukraine for UAH 6.328 million (about $ 19 thousand per month at the current exchange rate). The government portal reported this.

Thus, according to Resolution №503 of May 19, this restriction is valid until April 30, 2022.

In 2020, Naftogaz reduced the cost of payment for the services of members of the Supervisory Board by 2.1 times (by UAH 15.387 million) compared to 2019 – to UAH 14.038 million.

According to the report on payments of Naftogaz for 2020, the services of the chairman of the board Claire Spottiswood cost 3,549 million hryvnias, Ludo van der Heiden – 3,049 million hryvnias, Bruno Lesqua – 3,042 million hryvnias, Natalie Boyko – 2,329 million hryvnias, Amos Hochstein – 2,069 million hryvnias .

In 2019, Naftogaz provided UAH 29.4 million for the services of members of the Supervisory Board, in 2018 – UAH 29.3 million.

The Cabinet of Ministers also announced the start of a competition on June 1 to select four independent members of Naftogaz’s supervisory board. This decision was enshrined in Order №494-r of 19 May.

By the same resolution, the Cabinet of Ministers elected three independent members of the Supervisory Board for a new term of up to one year: Claire Spottiswood (Great Britain), Bruno Lesqua (France) and Ludo van der Heiden (Belgium), as well as two state representatives: Natalia Boyko and Julia Kovalev.

In addition, the powers of the member of the supervisory board from the state – Robert Bensch – were terminated ahead of schedule.

Re-elected members of Naftogaz’s supervisory board resumed their work at the NJSC on May 24.

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