Job Details Participation in the CEO competitive selection of especially important enterprise for the economy of the country
Title:
CEO for public joint-stock company “Centrenergo”
Management Body: #
Ministry of energy and coal industry of Ukraine
Section
Description Centrenergo is a public joint stock company in which the state owns 78% stake, represented by the Ministry of energy and coal industry of Ukraine. The company has approximately 8 thousand employees and reported revenue of UAH 4.7 bn for 9m 2015. The company operates multiple production locations in Ukraine, while it’s headquarters is located in Kyiv.
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ABOUT THE COMPANY
Centrenergo is Ukraine’s second-largest thermal generator by capacity (7,660 MW), operating three power plants in the industrialized regions of Kyiv, Kharkiv and Donetsk. Centrenergo has five gas-fired power units with a total capacity of 3,000 MW, and 17 coal-fired power units with a total capacity of 4,660 MW. However, only four coal-fired units operate on so called high volatile coal while the remaining units require anthracite, which became in short supply in Ukraine in 2014 as a result of the on-going ATO in the coal-rich eastern regions. The company’s generating capacities were built in the 1960’s-70’s. In 2014, it accounted for 7% of total electricity production in Ukraine (18% of the total production by thermal power generations). 2015 had been a challenging year for the company. In the 9 months 2015 the company sales declined by 50% compared to the previous year to 6 bn kWh. The reduction was primarily driven by a shortage of coal supply due to military activities in ATO region, which used to be core source areas for both anthracite and high volatile coal. More information about the company is http://www.centrenergo.com/ (in the Ukrainian http://www.centrenergo.com/en/ (in English).
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PURPOSE OF THE ROLE
RESPONSIBILITIES
available language)
at: or
Perform management of the company and other duties that are necessary for the satisfactory operation of the Company within the powers defined by the legislation of Ukraine, Charter of the Company, internal documents of the Company to get profit to satisfy the interests of shareholders and employees of the Company and increase its capitalization. Overall management of the company to ensure achievement of agreed objectives of the organisation. Representing the Company within the limits set by law and the Charter of the Company; Preparation of long-, medium-, and short-term plans of the company’s
activity (operational, financial and investment) and implementation; Effective financial management of the company to ensure its targets are being achieved. Establishing accounting and financial management systems resulting in transparent financial reporting, effective risk management processes, managing debt portfolio, cash management, liaising with external financial institutions to ensure adequate liquidity, etc; Building an effective commercial strategy to reduce vulnerability of the company and its dependence from external market conditions. Review and/or expand a portfolio of company suppliers; Transformation of the Company into a modern company with effective business processes (business process reengineering and optimisation), optimal organisation structure and headcount, effective policies and procedures, etc.; Constant revision of the technical capabilities of the organisation, modernisation, upgrade and maintenance of production facilities, Leading a team of highly experienced professionals at a senior level, as well as developing modern Human Resources and Talent Management approaches throughout the organisation as a whole. Improvement of the financial and economic activities to ensure the attractiveness to potential investors
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KEY TASKS
Review and optimization of the financial management of the Company. Improving corporate governance Diversification of suppliers, reducing dependency of production from a lack of raw materials, Planning modernization of production facilities of the Company.
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GENERAL SELECTION CRITERIA Education Languages
Core qualifications
Higher education. MBA will be a plus Candidates must demonstrate executive experience in majority of core qualifications within five categories described below: 1. Leading Change: 4. Leading People: Creativity and Innovation Conflict Management External Awareness Developing Others Team Building Flexibility Resilience Strategic Thinking Vision 2. Results Driven: 5. Business Acumen: Customer Service Decisiveness Financial Management Entrepreneurship Human Capital Management Problem Solving Technology Management Partnering Technical Credibility 3. Communication: Negotiating Interpersonal Skills Oral/Written Communication Networking
6.
PROFESSIONAL EXPERIENCE At least 5 years’ experience in an executive role in a relevant industry in Ukraine or abroad; Experience managing a production organisation is required, while experience working in a regulated environment would be an advantage;
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Professional requirements
Experience and knowledge in any or all of the following would be an advantage, but not a requirement: experience in the energy sector, knowledge of wholesale markets of coal products, knowledge of wholesale market of electricity; Experience in crisis management, financial optimisation, and business process re-engineering is required; Experience in attraction of external investment (in any form), including transformation of the company to meet potential investor requirements would be a significant advantage;
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ADDITIONAL ELIGIBILITY QUALIFICATIONS