Without such resolution, Executive Board members will be unable to further fulfill their duties, the statement warns.
Members of the Executive Board at NJSC Naftogaz of Ukraine have publicly addressed the Ukrainian government with an appeal to resolve the situation with the Supervisory Board after the latter's members filed for resignation amid the shocker sacking of CEO Andriy Kobolyev.
"Executive Board members call on the Government of Ukraine to resolve the situation with respect to the Supervisory Board of Naftogaz," reads the statement posted on social networks by members of the Executive Board Serhiy Pereloma, Peter Van Driel, and Iaroslav Tekliuk on Wednesday, May 5.
"For a complex and important company like Naftogaz, the presence of a well-functioning and credible Supervisory Board and proper Corporate Governance is critical," the statement stresses.
Recalling that the resignation of all Supervisory Board members becomes effective by May 14, the statement notes: "Without a resolution by that date, it becomes impossible for Executive Board members to continue their duties."