Moskalevsky leaves Roshen after 29 years: who took over from Poroshenko’s company

25 October 13:29

Vyacheslav Moskalevsky, a key executive and co-owner of Roshen confectionery corporation, is leaving the company after 29 years of work. He stopped working for the company on 1 June, but this has only just become known. This was reported by Komersant UkrainianKomersant Ukrainian with reference to Forbes.

The reason for his dismissal was the early termination of his powers in May, when a shareholder withdrew him from the supervisory boards of several key companies of the corporation.

According to Forbes, on 16 May 2024, Moskalevsky was prematurely dismissed from the supervisory boards of three confectionery factories (Kyiv, Kremenchuk, Vinnytsia) and Vinnytsia Dairy Plant.

The same reason was given in all cases – early replacement of a member of the supervisory board who had been recalled by a shareholder.

Oleksandr Holovashchuk, 47, who has been with the company since 2008, has been appointed as the new CEO. He worked as a national sales manager and was deputy sales director at Roshen Corporation.

As for Moskalevsky, he remains a shareholder and retains a stake in the company through the Konditerinvest fund.

He owns 13% in two of Roshen’s key companies – Central European Confectionery Company and Ukrainian Confectionery Holding. Moskalevsky also owns 30% in Retail Star, controlling stakes in Evertrade and Hunt Plastic (production of plastic plates and pipes), as well as in agricultural enterprises Letychiv Agro and Galuzynetsky Sad.

According to Forbes, in 2021, Moskalevsky was ranked 63rd among the richest Ukrainians with a net worth of $175 million.

It should be noted that Roshen is the largest producer of sweets in Ukraine.

In 2021, its value was estimated at $1.1 billion, and in 2024, the company rose to 24th place in the Candy Industry global confectionery manufacturers’ ranking.

Остафійчук Ярослав
Editor