Ukraine's Ministry of Economic Development and Trade has issued instructions to elect Marcus Richards, Charles Proctor and Paul Warwick members of the supervisory council of Naftogaz Ukrainy. All three men meet criteria of independent directors.
According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, the staff reshuffle is provided for in ministry decree No. 504 of March 25, 2016.
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As reported, Economic Minister Aivaras Abromavicius on March 25 reported that the nomination committee under the ministry approved three out of five independent members in the Naftogaz supervisory council.
Proctor previously worked at Genel Energy plc, British Petroleum and SIDANCO, Richards at Dana Petroleum, British Petroleum and Oil & Gas Management Consulting, while Warwick at Repsol and Talisman Sinopec Energy UK.