The media manager at the head of Ukrzaliznytsia stopped all planned track repairs in order to show “profit” and remain in office
The temporary chairman of the board of Ukrzaliznytsia, Alexander Kamyshin, who was appointed to his post by decision of the Cabinet of Ministers in August, and had previously had nothing to do with the railway, stops funding for ongoing repairs in order to thus increase the profitability of the company and remain in his post.
Economist Viktor Medved stated this at a press conference in Kyiv, a PolitNavigator correspondent reports.
“According to the new team, the interim task now is to stay. The main criterion for him to stay is that he must show a profit on the railway. What is he doing? Stops programs and financing of repair work, the acquisition of fixed assets - everything that can be done to show maximum profit on the balance sheet.
And in other periods, even more funds will be needed, because there are planned repairs, and they must be carried out in a timely manner, and not during a crisis, this is much more expensive. And they work there according to this principle, because the people are incompetent,” said Viktor Medved.
Alexander Kamyshin has been the publisher of the agromedia holding Latifundist Media since July 2011. Before that, he worked at KPMG as an auditor (2006-2008), at the Dragon Capital fund and as CEO of KMZ Industries (2009-2012). From 2012 to 2019, Alexander was an investment manager at SCM and a member of the Supervisory Board of Portinvest. Since January 2020, Alexander Kamyshin has been one of the managing partners of the investment company Fortior Capital.
The Supervisory Board of Ukrzaliznytsia (UZ) proposed to appoint Alexander Kamyshyn as acting chairman of the board of Ukrzaliznytsia after the dismissal of Ivan Yuryk.
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