The supervisory board of the Ukrzaliznytsia public railway company elected Deputy Infrastructure Minister Volodymyr Omelian as its chairman at its first meeting on 8 April. In addition, the supervisory board approved the six-month contracts of members of Ukrzaliznytsia’s board, the press service of the Ministry of Infrastructure announced.
For the duration of their contracts, Ukrzaliznytsia’s board members will not be paid performance bonuses, allowances, bonuses, and incentives. Such payments can be made only in case of renewal of their contracts. The Cabinet of Ministers submitted the relevant directive to Ukrzaliznytsia’s supervisory board for a vote.
"Performance targets will be set for each of the board members. If the performance targets are met at the end of the six months, the contracts will be extended for the next 2.5 years and payment of bonuses will begin," Omelian said.
He also said that market-level wages will be paid to the management of Ukrzaliznytsia but changes will be made to the management team if there is no "full transparency in procurement, a significant increase in efficiency, personal responsibility, and restoration of order in the company" within 1-3 months, Omelian added.
The corporate secretary of Ukrzaliznytsia’s supervisory board will be elected at the next meeting.
As reported, the composition of Ukrzaliznytsia’s supervisory board was approved by the Cabinet of Ministers directive No. 1239 of 25 November 2015. It includes Director of the Ministry of Infrastructure’s Department of State Property Yurii Hvozdev, First Deputy Minister of Economic Development and Trade Yulia Kovaliv, Director of the Finance Ministry’s Department of Industry Finance Yurii Miskiv, Deputy Minister of Infrastructure Volodymyr Omelian, First Deputy Minister of the Cabinet of Ministers Oleh Parakuda, first deputy head of the State Property Fund Dmytro Parfenenko, and Deputy Infrastructure Minister Mykola Snitko.