Naftogaz Supervisory Board establishes four permanent committees

The new Naftogaz Supervisory Board has established four permanent committees which serve as advisory bodies and has elected heads for each of them. This was reported by the Naftogaz press service.

Committees of the highest governance body:

• Audit committee
• Nomination and remuneration committee
• Ethics committee
• Strategy committee

Richard Hookway, who brings more than 33 years of experience at BP as a hydrocarbon trading and finance specialist, was elected chair of the audit committee.

Ludo Van der Heyden, the founding director of INSEAD's Corporate Governance Initiative as well as co-director of the International Directors Programme and the Modern Governance in Banking, headed the nomination and remuneration committee.

Chairperson of the Supervisory Board Anthony Marino will lead the ethics committee. He has over 38 years of experience in the field, having held the positions of executive director, president and CEO of Vermilion Energy, an international hydrocarbon exploration and production company with a market capitalization of $4 billion.

The strategy committee will be led by Thor Martin Anfinnsen, a specialist with over 30 years of experience at the Norwegian state-owned oil and gas company Equinor (Statoil).