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19 November 2023

How Energoatom’s corporatization will affect the Company’s governance

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Energoatom is consistently among the TOP-5 energy companies in Ukraine – with the best financial indicators and business reputation. That testifies to the correctly chosen development strategy and effective management of the Company even under conditions of martial law. However, time demands further development, quick response to today's challenges, and achieving new ambitious goals.

"The corporatization of the company, which began with the adoption of the relevant law, is intended to make Energoatom a model of modern corporate governance due to improving access to capital, and therefore the performance results," Energoatom’s Vice President Hartmut Jacob stressed.

Besides the Company's executives, the Supervisory Board will work on updating and improving Energoatom's development strategy. The board will include top managers with international experience.

Thus, transforming Energoatom into a joint-stock company will improve the confidence of external investors in the Company and strengthen the image of Ukraine in the international arena.

As Petro Kotin, President of SE "NNEGC "Energoatom", noted: "Due to corporatization, the effectiveness of investments will increase significantly. The transformation will also contribute to the development of the Ukrainian nuclear industry and strengthen Ukraine's energy independence."