Yevhen Liashchenko: New Chairman of the Board of Directors of JSC "Ukrainian Railways"

Yevhen Liashchenko: New Chairman of the Board of Directors of JSC "Ukrainian Railways"
@Ukrainian Railways

The proposal of the company's Supervisory Board was approved by the Cabinet of Ministers of Ukraine.

Prior to his appointment to JSC "Ukrainian Railways", Yevhen Liashchenko held the position of Director of Media Group Ukraine, later - Advisor on Strategy and Transformation at Starlight Media Media Holding. In addition, Yevhen Liashchenko was an advisor to Mykhailo Fedorov, Deputy Prime Minister, Minister of Digital Transformation of Ukraine, and Oleksandr Kubrakov, Minister of Infrastructure of Ukraine. And the latter commented on Liashchenko's appointment:

"As head of JSC "Ukrainian Railways", Yevhen Liashchenko has three key tasks. The first is the continuation of the UZ reform, namely the separation of business lines by activity (passenger, freight, production and infrastructure) and compliance with European legislation, especially in matters of safety and integration. The second is the implementation of the investment programme, namely the development of export routes and the necessary infrastructure, electrification of the relevant railway sections, etc. The third is to reach the break-even point of the company. The action plan has already been approved and there is a will to implement it," said Oleksandr Kubrakov, Deputy Prime Minister for the Reconstruction of Ukraine - Minister of Communities, Territories and Infrastructure Development of Ukraine.

Yevhen Liashchenko graduated from Kharkiv State University with a degree in Economic Cybernetics. At the beginning of his career he worked as a management consultant at Commerzbank Consortium; regional sales manager at Coca-Cola HBC; consultant at TNK-BP; financial director at the closed joint stock company with foreign investments "Slobozhanska building ceramics", London & Regional Properties, Corum Group; financial director and executive director of the foreign direct investment company "Papastratos Ukraine".

"Our goal remains unchanged - the separation of independent business lines, taking into account the world's best global practices, aimed at ensuring maximum transparency and operational efficiency of the company. The year 2022 was closed with a loss of UAH 10.8 billion, for 2023 a loss of UAH 20.2 billion was forecast. The main priority is to reach the break-even level by implementing a set of measures related to transparency of procurement, efficiency of resource utilisation, etc.," the new CEO explaines the goals and highlighted the company's investment strategy:

"In 2023, the UZ team has set a high target for the implementation of the investment programme, which is aimed not only at supporting, but largely at restoring and developing Ukraine's export potential. The budget of investment projects to be implemented with the help of international financial assistance will amount to at least USD 400 million. And it is not just a question of access to financial resources, we are radically changing UZ's internal processes to ensure the effective implementation of the investment programme," says Yevhen Liashchenko.

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