Inter RAO Board Debates Possible Early Termination of CEO
The board of directors of PJSC Inter RAO is set to discuss the potential early termination of the current chief executive. Reports from a major daily cite the organization’s press service as the source of the information, conveyed through the head of the company’s communications department, Nikolai Gorelov.
Gorelov stated that the matter will be placed on the agenda at the upcoming board meeting. In addition to considering dismissal, the board is expected to decide on the appointment of a new general director for PJSC Inter RAO.
Thus, Gorelov confirmed the circulated reports about the company’s intentions. The disclosure of corporate information portal indicated that the next PJSC Inter RAO board meeting is scheduled for March 14, and that the topic of Kovalchuk’s possible dismissal would be among the most significant items on the agenda.
On February 5, the Kremlin press service reported a discussion between the Russian president and the general director of PJSC Inter RAO. During the meeting, Kovalchuk outlined the company’s revenue growth, noting that from 2009 to 2023 the figure rose from 69 billion rubles to more than 1.3 trillion rubles.
Recent headlines also touched on government actions, with the Council of Ministers of the Russian Federation reportedly approving the sale of Yandex to a group of investors. The implications of these developments for Inter RAO and the broader energy sector were a topic of industry-wide discussion and analysis.