The State Property Fund of Ukraine Announced Major Personnel Changes at State-Owned Enterprises Following an Audit

The State Property Fund of Ukraine is continuing a large-scale overhaul of the management teams at state-owned enterprises following an audit. In recent months, dozens of competitive selection processes have been announced and a number of appointments have been made. 

According to Natalukha, the Fund’s new team has already launched about 40 new competitions for leadership positions and appointed approximately 20 new directors.

“During my tenure, which has now lasted more than four months, we have definitely announced about 40 new vacancies. We have appointed about 20 new executives—both at enterprises where there were no executives at all and at those where the previous leadership was replaced,” he noted. 

The head of the State Property Fund emphasized that the reform also encompasses the corporate governance system. In particular, supervisory boards—which in some cases may not have functioned for years—are being renewed or established at certain enterprises.

According to him, there were cases where executives effectively worked alone without proper oversight from supervisory bodies.

Natalukha also stated that the audit revealed a significant number of state-owned enterprises that had lost their economic viability.

He noted:

“We’ve calculated that about 70–80% of state-owned enterprises are unviable and should likely be shut down.”

According to him, some of these enterprises exist in name only but are not actually engaged in active operations or have critical management problems.

During its inventory checks, the State Property Fund of Ukraine also documents instances of private individuals using state assets without proper authorization.

Natalukha emphasized that this is precisely why the fund regularly conducts on-site inspections and asset audits to streamline the management of state property and improve the efficiency of these enterprises.

This was announced by Dmytro Natalukha, head of the State Property Fund of Ukraine.