Private shareholder: we demand transparent competitive election of the director of JSC Meridian

Everything what is happening right now with the competitive selection of candidates to the position of director of Joint Stock Company Meridian n. S. P. Korolyov is a plain ignorance of an honest selection of top managers of state-owned defense industry companies. MERIDIAN SOYUZ LLC as a private shareholder that owns 40.0753 % of JSC Meridian shares requires the chairman of the selection board Ihor Fomenko to make the repeated competition as transparent, objective, and effective as possible.

We insist on preventing the repetition of a number of violations committed in December 2021 and indicating the falsity of the selection of candidates for the position of director of JSC Meridian, during the new competition. Moreover, we have received no information so far about the State Concern’s strategic vision of the further participation of the company in the development of the Ukrainian defense industry complex, so we have no understanding of the targets a new top manager will have to attain.

What is happening today?

As the most recent developments show, Ihor Fomenko makes decisions on the election of director at his own discretion as clear evaluation criteria have never been formulated which is yet another evidence of the biased impact by the chairman of the commission on the outcome of the competitive selection.

Moreover, all our written requests in connection with the competitive selection procedure and our wish to participate in the selection of candidates have been ignored by Ihor Fomenko who prefers not to reply to letters, calls, and messages. We view this attitude to the private shareholder by the representatives of the state shareholders as a blatant breach of our rights and attempts made by Ihor Fomenko to disguise