As part of the transformation of its corporate business model and streamlining of its corporate governance, SMART HOLDING investment group has implemented some organizational and personnel changes.
In the framework of improving and developing its corporate governance, the Group’s operating company SMART-HOLDING LLC, the main task of which is to develop investment activities in Ukraine, has elected its Supervisory Board. Alexey Pertin has left the post of the Chief Executive Officer of SMART-HOLDING LLC (Ukraine) and has headed the Supervisory Board of the Company. He will continue to chair the Board of Directors of the Group’s top holding company SMART HOLDING LTD (Cyprus).
Julia Kiryanova, who previously held the post of the First Deputy CEO, and the CFO of the Company, has been appointed the Chief Executive Officer of SMART-HOLDING LLC (Ukraine).
The task of SMART-HOLDING LLC, in addition to the development of the investment portfolio in the domestic market, is to provide the Board of Directors of the top holding company SMART HOLDING (Cyprus) with comprehensive expertise in relation to Ukrainian assets.
At the level of SMART HOLDING (Cyprus) LTD, decision-making on the key strategic issues has been centred, namely: approval and updating of the Group’s development strategy, changes in the investment portfolio, profit distribution and the procedure for paying dividends, M&A transactions, appointment of chief executives for the Group’s businesses, as well as appointment of members of supervisory boards, etc.
For SMART HOLDING Group, compliance with international standards in the field of corporate governance is a key element in attracting investments, increasing the shareholder value of the business and strengthening the competitive advantage.
‘We are building a sustainable business model, which, on the one hand, will provide the basis for the development of the investment portfolio, and, on the other hand, will meet all international transparency requirements. High-quality and efficient corporate governance is one of the most important criteria in making managerial and investment decisions. It ensures a reliable system of internal control and risk management,’ said Alexey Pertin, the Chairman of the Board of Directors of SMART HOLDING (Cyprus), and the Head of the Supervisory Board of SMART-HOLDING LLC (Ukraine).
Smart Holding is one of the largest industrial and investment groups in Ukraine. The interests of Smart Holding focus on the industries that are the key ones for the economy of the country. The companies of Smart Holding invest in metals and mining, oil and gas segment, agriculture, shipbuilding, logistics, infrastructure and real estate.
SMART HOLDING (CYPRUS) LTD is the top holding company of the Group that was established and operates under the laws of the Republic of Cyprus. Its beneficiary is Vadym Novynskyi.