Leading Ukrainian agribusiness Nibulon has announced that Andriy Vadaturskyy has succeeded his late father, Oleksiy Vadaturskyy, as the company’s CEO.
Oleksiy Vadaturskyy and his wife, Raisa, were killed during Russian aerial bombardment of the southern Ukrainian city of Mykolaiv.
In a message posted on the company’s website, Andriy Vadaturskyy said the death of his father had seriously disrupted the company’s operations and core tasks.
“Our production, logistics and exporting capabilities have all been affected,” he said. “Twenty per cent of the company’s assets are under occupation in the southern and eastern regions of Ukraine, and our export volumes have dropped sharply compared to previous years.”
Andriy Vadaturskyy said he and other company leaders are finding solutions to the many challenges facing Nibulon.
“I am pleased to say we have completed the first phase of construction of Nibulon’s newest terminal in Izmail in Odessa Region, a project started by my late father,” he said.
“This will help us alleviate some of the disruption to our established export routes. Ukraine’s Minister of Infrastructure referred specifically to the new river port facility at Izmail at the Ukraine Recovery Conference held in Lugano in July. The European Union has emphasised the importance of creating new logistics routes of this kind between Ukraine and EU markets pending the restoration of Ukraine’s access to Black Sea routes.”
The company’s cash flow was stable thanks to the support and flexibility of the company’s partners during this time of transition, Andriy Vadaturskyy said.
“While our focus is on addressing the challenges of today, we are also preparing for the opportunities of the future,” he said. “I have recruited an international advisory board to support the management team and we are introducing new corporate governance procedures in line with best international practice.”
One of the richest businessmen in Ukraine, Oleksiy Vadaturskyy, who was also vice president of the Ukrainian Grain Association, founded Nibulon – one of the country’s largest agricultural companies – in 1991 and turned it into a major player in the global grain industry, World Grain wrote in an earlier report on 2 August.
According to its website, Nibulon operates throughout most regions of Ukraine and its activities include grain and oilseed processing, storage and shipment.
It runs its own fleet, has a total grain storage capacity of 2.25M tonnes and operates a network of 27 trans-shipment terminals and grain and oilseeds complexes in the country.
