The State Property Fund has replaced 142 managers of state-owned enterprises

Since September 2022, the State Property Fund has replaced 89 managers and 53 members of the supervisory boards of enterprises managed by the SPFU. For 26 enterprises, the Fund is awaiting approval.

Renewal of management is a necessary step to improve the financial and economic condition of state assets. The new SPFU team analyzed the work of the enterprises, which showed chronic failure to fulfill financial plans and consistently unprofitable operation.

"Our goal is effective and transparent management at state-owned enterprises. New managers must implement modern management practices and corporate governance principles. We strive to achieve optimal use of resources, improve production processes, increase productivity and efficiency of state-owned enterprises," said Viktor Serdiuk, Director of the Department for Monitoring and Evaluating the Efficiency of Economic Entities.