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Andriy Verevskyi

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Andriy Verevskyi
Андрій Веревський
Member of the Verkhovna Rada
In office
14 May 2002 – 5 March 2013
Personal details
Born
Andriy Mykhailovych Verevskyi

(1974-07-24) 24 July 1974 (age 50)
Poltava, Ukraine, Soviet Union
Political partyParty of Regions

Andriy Mykhailovych Verevskyi (Ukrainian: Андрій Веревський) (born 25 July 1974) is a Ukrainian oligarch, founder and chairman of the board of Kernel, a Ukrainian diversified agri company. Verevskiy is a former deputy of Ukrainian parliament member of the Party of Regions faction[1] and a fellow of the Agrarian Policy and Land Relations Committee.

Education and career

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Graduated with a bachelor's degree in agronomics from the National Agrarian University. Oxford College graduate. In 1995 founded a small grain trading enterprise focusing on grain exports out of Ukraine, which through the years grew into a present Kernel. Chairman of the board and majority shareholder of Kernel Holding S.A. since 2007.

Business

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Verevskiy is the founder, largest shareholder and Chairman of the board of Kernel Holding S.A. since 2007. Kernel Holding S.A. is an agri-business value chain management company operating in Ukraine, providing production, processing, storage, transshipment and export of agricultural commodities, the company supplies grain, sunflower oil (35% of Ukraine's market[2] and meal produced in Ukraine and Russia; the largest supplier of bottled sunflower oil to the Ukrainian market;[3] provider of grain silo services to farmers, and provider of services for the transshipment and export of grain, oil and meal from Black Sea ports.

Kernel Holding S.A. completed the initial public offering (IPO) on the Warsaw Stock Exchange (WSE) raising $221 million in November 2007.[citation needed] Since the debut on the WSE the market capitalisation of the company has tripled and reached US$2 billion in 2011.[citation needed] The IPO of Kernel Holding S.A. was named the Best IPO in Central and Eastern Europe on the WSE.[citation needed] Kernel is a member of WIG20 index of the Warsaw Stock Exchange. In 2023 Kernel Holding announced the delisting of the company from Warsaw Stock Exchange.[4] The delisting was described as a cynical move to push out minority shareholders which could undermine foreign funding for the postwar reconstruction of Ukraine.[5]

In 2012, US Forbes Magazine valued net worth of Andrey Verevskiy at US$1 billion.[citation needed] In April 2016 the Ukrainian magazine Focus estimated his wealth at $642 million.[6]

Political activity

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2002–2006, Verkhovna Rada parliamentary deputy of the 4th convocation. Fellow of the Verkhovna Rada Finance and Banking Committee. Until December 2004, member of the United Ukraine faction, European Choice group and Regions of Ukraine faction. From June 2005, member of Yulia Tymoshenko Bloc's faction.

2006–2007, parliamentary deputy of Ukraine of the 5th convocation, from the Yulia Tymoshenko Bloc. Fellow of the Agrarian Policy and Land Relations Committee. At the moment of elections, member of the Batkivshchyna party.

From 2007, parliamentary deputy of Ukraine of the 6th convocation, from the Yulia Tymoshenko Bloc. Fellow of the Agrarian Policy and Land Relations Committee.

In June 2010, Verevskiy crossed to the Stability and Reform coalition formed by the Party of Regions, Lytvyn Bloc and Communist Party factions. Since October 2010, member of the Party of Regions faction.

Verevskiy was placed at number 46 on the electoral list of Party of Regions during the 2012 Ukrainian parliamentary election.[7] He was re-elected into parliament.[7] The Higher Administrative Court of Ukraine stripped Verevsky of his seat in parliament on 5 March 2013 because he simultaneously was parliamentary deputy and headed a commercial entity.[1]

Personal life

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Andrey is married and has two sons and a daughter.[citation needed]

References

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  1. ^ a b Court terminates deputy authorities of Party of Regions MP Verevsky[permanent dead link], Ukrainian Television and Radio (5 March 2013)
    Court strips lawmaker Verevsky of his seat in parliament, Kyiv Post (5 March 2013)
  2. ^ The share of "Kernel-Trade" in the market of sunflower oil in Ukraine is 35%, on infoindustria.com.ua (16 March 2016) (in Russian)
  3. ^ The largest sunflower oil producer in Ukraine received a loan of $ 100 million, on nv.ua (23 February 2018) (in Ukrainian)
  4. ^ "Ukrainian Firm's Exit Marks Rude Awakening for Warsaw Bourse". bloomberg.com. 2023-03-09. Retrieved 2023-07-12.
  5. ^ "Polish regulator set to clear Ukrainian group's delisting from Warsaw exchange". ft.com. 2023-06-14. Retrieved 2023-08-30.
  6. ^ Focus: Poroshenko gets ahead Firtash in Ukraine's wealthiest people list, UNIAN (23 April 2016)
  7. ^ a b (in Ukrainian) Список депутатів нової Верховної Ради, Ukrayinska Pravda (11 November 2012)
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  1. Andrey Verevskiy – Forbes.com
  2. Ukraine’s Kernel raises $220m in Warsaw IPO
  3. Kernel IPO, Kyivpost
  4. Like clockwork: Andriy Verevskyi talks about competitors, grinding a steak with a knife with blood on Forbes Ukraine (June 5, 2012) (in Russian)
  5. Andriy Verevskyi's dossier on korrespondent.net (badlink) (in Russian) web.archive.org
  6. Financial Reports — Kernel
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