Dear Colleagues,

The new Supervisory Board held its first meeting on 26 February 2026. We are writing to you jointly, because we want you to hear directly from us what was decided and what it means for you.

But first: thank you.

Over the past four years, you have done something no other nuclear workforce in the world has been asked to do. You have kept a national energy system running in the middle of a full-scale war. You operate and maintain reactors under the constant threat of grid attacks, while your colleagues at Zaporizhzhia endure military occupation. You broke Ukraine’s dependence on Russian nuclear fuel. You built a domestic fuel fabrication capability with Westinghouse. You maintained the lowest electricity tariffs in Europe for Ukrainian families. You contributed over UAH 18.5 billion to frontline defence. Your volunteers have supplied drones, vehicles, and electronic warfare systems to the Armed Forces, and more than 13,000 service members have benefited from the rehabilitation programme you created.

That is your record. No corruption scandal changes it, and no governance transition diminishes it.

What was decided.
The Board’s first act was to confirm that nuclear safety is the company’s highest priority, full stop. All safety functions, processes, and regulatory obligations remain exactly as they are. No governance action will be taken that puts safe operation at risk. The people responsible for running our plants safely have the Board’s complete backing.

The Board has ordered a forensic audit to review the company’s financial activities and get to the bottom of what happened, with the main objective to get all the right lessons from these events, to avoid a recurrence. It has directed full cooperation with NABU, SAPO, and the State Audit Service, and issued a company-wide order to preserve all records. These steps are necessary. They will be conducted professionally and fairly, and they are aimed at the conduct of a few, not the work of the many.

The Board has also launched a review of executive leadership and key governance positions. The standard is simple: competence, performance, and integrity. Leaders who meet that standard will be retained. Where change is needed, searches will be independent and merit-based. This is about strengthening the company, not creating uncertainty.

Your voice matters. And it will be heard by the Board, not by management.
If you are aware of misconduct, non-compliance, or situations that put the company at risk, we want to hear about it. The Board has ordered a review of the company’s whistleblower systems to make sure they meet the highest standards. Reports submitted through the whistleblower system will go directly to the Chair of the Board’s Audit Committee and the Head of Compliance, not through management. If the existing system does not meet the required standards of independence and anonymity, the Board will procure an independent, external provider to operate the reporting channels. Anyone who reports in good faith will be protected.

We are on the same team.
We are sending this message together because the Supervisory Board and management are aligned on what matters: safety, integrity, and the long-term future of this company. The Board provides oversight. Management runs the company. Together, we are committed to building an Energoatom that the people of Ukraine, and the people who work here, can be proud of.

Thank you for everything you do for this company and for Ukraine.

Rumina Velshi
Chair, Supervisory Board
JSC NNEGC Energoatom

Pavlo Kovtonyuk
Acting Chief Executive Officer
JSC NNEGC Energoatom