Smelyanskyi will cost Ukrposhta 16 million hryvnias per year – Abromavicius

by creator • 25.04.2016 • 3 comment

A new manager at Ukrposhta could cost around 16 million UAH per year (1 million 330 thousand UAH per month) – informed Former Minister of Economic Development of Ukraine Aivaras Abromavicius.

The former minister emphasized that Smilyansky will receive this money only if the company he leads begins to operate effectively and the director demonstrates concrete results—75% of this amount is allocated as bonuses.

"It's a considerable amount of money by our standards, but there's no other way," says Abromavicius. "Are we really deluding ourselves that the head of a company with a billion-dollar turnover will work for an official salary of 10-20 hryvnias a month, not steal, and protect the interests of the state?"

As a reminder, the Minister of Infrastructure has not yet signed a contract with Ihor Smelyanskyi, whose candidacy was recently approved by the Cabinet of Ministers of Ukraine for the position of CEO of Ukrposhta. It was reported that Smelyanskyi stipulated that his salary at Ukrposhta not only be no less than his current salary at the American audit firm KPMG but also compensate him for the difficulties of relocating to Ukraine and potential reputational risks—in other words, a salary of seven hundred and fifty thousand dollars per year.

It was also reported that the Ministry of Infrastructure does not have a special salary fund for the heads of state-owned companies, and that the state-owned enterprise must pay the salary. Therefore, it is unclear how such a high salary for the head of state will be received by the Ukrposhta workforce.

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