Experts Consider Reshuffle In Ukrtelecom Management Unlikely

A new owner will unlikely make reshuffles in Ukrtelecom management, according to experts.

“Only a shareholder can say whether Dzekon (Hrigoriy Dzekon, CEO of Ukrtelecom – HiTech.Expert) will be dismissed. I should note that there isn’t any appropriate candidate in Ukraine to replace Dzekon,” Yehor Samusenko, Concorde Capital analyst, said.

Yet, the company may attract several top executives from abroad, he noted.

The same opinion was expressed by Viacheslav Ivanyshyn, analyst for the TASK investment group. “Ukrtelecom management will unlikely be replaced because the Austrian EPIC is associated with the incumbent management,” he noted.

Ivanyshyn admits that the new owner can enhance management by that in charge of investment and financial affairs.

However, Volodymyr Klymenko, director of the investment banking department of the Sokrat investment group, thinks that the new owner will radically change the company’s management.

Heorhii Dzekon, Ukrtelecom board chairman, may either stay in his office or will be offered another high position during a year after the company’s privatization, Klymenko predicts.

As Ukrainian News reported, the State Property Fund of Ukraine on March 11 sold 92.79% in Ukrtelecom to the ESU Company (Kyiv), a subsidiary of the Austrian Investment-Financial Consortium EPIC, for UAH 10.575 billion.

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