Naftogaz supervisory board resigns en masse, government asks them to stay

The Cabinet of Ministers asked on May 2 the supervisory board of state-owned gas giant Naftogaz to stay in place until new member elections due in July. The government reacted to the board members’ decision on April 30 to resign en masse. 

The board decided to resign after the firing of the company’s former CEO Andriy Kobolyev on April 28 and his hasty replacement by Yuriy Vitrenko, acting energy minister.