Yuriy Vitrenko, Head of Energy Company Naftogaz Quits – Kyiv Post

The Ukrainian government accepted the resignation Yuriy Vitrenko, the CEO of the state-run Naftogaz on Tuesday, Nov.1. according to a company press release.

“By its decision of Nov. 1, 2022, the Cabinet of Ministers of Ukraine approved the resignation of Naftogaz of Ukraine Chairman of the Board, Yuriy Vitrenko. Yuriy Vitrenko will continue to hold the position of head of the national company until November 3, 2022, inclusive.”

According to Kyiv Post’s sources in the company, the reason for Vitrenko’s resignation is difficult relationships with the president’s office. Kyiv Post’s several sources also believe Oleksiy Chernyshov, Minister of Communities and Territories Development, might be appointed in his place.

According to the procedure, Vitrenko should be dismissed by the supervisory board of Naftogaz, but the cabinet of ministers, which currently performs the functions of the national assembly, can do it.

Vitrenko was appointed on April 28, 2021 after the dismissal of the previous head, Andriy Kobolyev. In early September, Reuters news service reported that Vitrenko was ready to resign if it would help convince investors to support the proposal to restructure the company’s debt.