The Ministry of Energy of Ukraine has approved a new composition of the supervisory board of the joint-stock company “Ukrainian Distribution Networks” (UDN), appointing two state representatives and three independent members. The corresponding decision was made on March 26.
This is reported by Finway
New Structure of the UDN Supervisory Board
The supervisory board of the company now includes the chairman of the supervisory board of the State Export Credit Agency, Serhiy Karpenko, as well as the deputy head of the State Statistics Service, Viktor Polishchuk.
Among the independent members of the board are project engineer of “Odesahrogaz” LLC, Ihor Burak, deputy director for economics and finance of the State Enterprise “Marine Oil Terminal ‘Pivdenny'”, Yaroslav Dykovitsky, and the director of investments and business development at Vitagro Group, former head of the State Agency for Energy Efficiency, Serhiy Savchuk.
“All were elected for a three-year term.”
Context of Changes in Company Leadership
The decision to update the composition of the supervisory board is a continuation of the reform of governance in state energy companies. On December 3, 2025, the Cabinet of Ministers initiated the urgent termination of the powers of the supervisory boards of several state energy companies, including Ukrainian Distribution Networks. Following this, the Ministry of Energy completed the powers of the previous supervisory board of UDN on December 12, 2025.
The joint-stock company “Ukrainian Distribution Networks” was established by the government in November 2022 to manage the state’s corporate rights in regional energy companies. The structure of the company provides for 100% state ownership. The state shares of the distribution system operators were transferred to UDN: “Kharkivoblenergo” (65%), “Zaporizhzhiaoblenergo” (60.2%), “Ternopiloblenergo” (50.9%), “Sumyoblenergo” (25%), “Cherkasyoblenergo” (46%), as well as 99.6% of the “Ukrainian Energy Saving Service Company”, which owns 25% of “Cherkasyoblenergo”, “DTEK Odesa Electric Networks” (25%), “Mykolaivoblenergo” (70%), and “Khmelnytskyioblenergo” (70%).