Responsible for organizing unhitched performance of the Company’s finance department, defense and approval of tariffs and financial plans, budgeting; financial, tax and managerial accounting; external financing from international financial institutions; participates in strategic planning of the Company’s development.
Artur’s key goals at Ukrenergo include optimization of financial services in administrative apparatus and at detached subdivisions, and implementation of ERP (automated resource management) system at the Company.
Earlier, Artur worked in the oil and gas sector. During the last five years, he was Financial Director at Karpatygaz. It is one of the largest producers of natural gas in Ukraine, owned by the Swedish company Misen Energy AB, whose stock is traded at Stockholm’s NASDAQ OMX Nordic.
During his tenure at Karpatygaz, Artur has built a well-tuned financial organization that helped increase the company’s annual profit more than twentyfold (up to $160 million) during that period. He directly participated in preparation for floating of the company’s Eurobonds at Oslo Stock Exchange in Norway. He also participated in the secondary offering of the parent company’s stock at London Stock Exchange, having learned the world’s best capital borrowing practices.
In 2003-07, Artur was Financial Director at Gaztech, a company which managed six regional natural gas transmission enterprises (oblgazes) and held a 22% share of the Ukrainian market in its segment. At Gaztech, Artur built the company’s entire financial system from the scratch. During his tenure there, he actively worked on borrowing on foreign (in particular, Asian) markets. He participated in creation of the first Ukrainian investment fund and of a business incubator in Singapore.
Also, Artur has experience in mechanical engineering industry, overseeing in 2007-09 one of the largest agricultural mechanical engineering factories, I. Lepse Kyivtraktorodetal as Director and anti-crisis manager. After restructuring all business processes, the enterprise was able to pay off its debts, establish partnerships with Ukrainian and foreign companies (including the German concern Jungheinrich), and reach a consistently profitable operating level.
Artur Somov has received a degree in international relations, economics and finance from Taras Shevchenko Kyiv National University and an МВА from SIC Academy.
Fluent in English, Swedish and Romanian.
Hobbies: sports, foreign languages.