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8.1.3 Banks specific issues
Ukraine’s Cabinet of Ministers of Ukraine has appointed new independent directors to the boards of the largest state-owned banks Oschadbank, Ukreximbank and PrivatBank, who will take up their appointments from June 14, 2019, the Finance Ministry of Ukraine has said in a press release on May 24.
The candidates were proposed by the recruitment agencies Pedersen and Partners, Ward Howell Ukraine and Talent Advisors and selected from a total of 632 applications submitted.
In accordance with the law on banks and banking activities, each independent supervisory board consists of six independent members and two representatives of the state.
Independent members of the supervisory board of Oschadbank: Sevki Acuner, Baiba Apine, Оleksii Reznikov, Оleksii Grinchenko, Weinstein Michael, and Peter Briggs, and representatives of the state – Daniel Bilak (from the Cabinet of Ministers of Ukraine) and Dmytro Vlasov (from the Verkhovna Rada).
Independent members of the supervisory board of Ukreximbank: Paul Thorsten, Steven Fisher, Dimitri Chichlo, Olyana Gordiyenko, Sergiy Konovets, and Dominique Menu as independent members, as well as representatives of the state Yuriy Butsa (from the Cabinet of Ministers of Ukraine) and Alla Shulha (from the Verkhovna Rada).
Independent members of the supervisory board of PrivatBank: the international adviser of the U.S. Treasury technical assistance department, former IMF consultant expert Sharon Easky; former Director General for Operations Citi
50 UKRAINE Country Report June 2019 www.intellinews.com