Naftogaz Ukrainy?s CEO Loses A Title.

Oleksiy Ivchenko, formerly the CEO of Naftogaz Ukrainy and the First Deputy Fuel & Energy Minister, was sacked from these two positions which he had occupied since March 3, 2005 only to be re-appointed as Naftogaz Ukrainy?s CEO. Concorde Capital: We see this reshuffle as a pure technicality resulting from the Presidential policy for separation of governmental and business responsibilities. We do not think this step will affect the Ukraine-Russia negotiations about gas supply terms.