Andriy Mykhailovych Verevskyi (; born 25 July 1974) is a Ukrainian oligarch, founder and chairman of the board of Kernel, a Ukrainian diversified agri company. Verevskyi is a former
People's Deputy of Ukraine
A people's deputy of Ukraine (, ) is a member of parliament and legislator elected by Direct election, popular vote to the Verkhovna Rada, the parliament of Ukraine. They are often referred to simply as "deputies". Prior to 1991, the Verkhovna R ...
Poltava Oblast
Poltava Oblast (), also referred to as Poltavshchyna (), is an administrative divisions of Ukraine, oblast (province) of central Ukraine. The capital city, administrative center of the oblast is the city of Poltava. Most of its territory was par ...
from 2002 to 2006 before subsequently being elected from the proportional lists of the
Yulia Tymoshenko Bloc
The Yulia Tymoshenko Bloc () was the name of the bloc of political parties in Ukraine led by Yulia Tymoshenko since 2001. In November 2011, the participation of blocs of political parties in parliamentary elections was banned.
and the
Party of Regions
A party is a gathering of people who have been invited by a host for the purposes of socializing, conversation, recreation, or as part of a festival or other commemoration or celebration of a special occasion. A party will often feature ...
from 2006 until 2012. He was a member of the Agrarian Policy and Land Relations Committee.
Education and career
Verevskiy graduated with a bachelor's degree in agronomics from the
National Agrarian University
The National Agrarian University, also formally called National Agrarian University – La Molina (Spanish: ''Universidad Nacional Agraria La Molina'') (UNALM), is a public university in Lima, Peru. Of particular renown in the fields of agricu ...
and is an Oxford College graduate. In 1995, he founded a small grain trading enterprise focusing on grain exports out of Ukraine, which through the years grew into the present Kernel. Chairman of the board and majority shareholder of Kernel Holding S.A. since 2007.
Business
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 and meal produced in Ukraine and Russia; the largest supplier of bottled sunflower oil to the Ukrainian market; provider of grain silo services to farmers, and provider of services for the transshipment and export of grain, oil and meal from
Black Sea
The Black Sea is a marginal sea, marginal Mediterranean sea (oceanography), mediterranean sea lying between Europe and Asia, east of the Balkans, south of the East European Plain, west of the Caucasus, and north of Anatolia. It is bound ...
ports.
Kernel Holding S.A. completed the
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
(IPO) on the
Warsaw Stock Exchange
The Warsaw Stock Exchange (WSE) () is a stock exchange in Warsaw, Poland. Founded in 1817, it was located in the Saxon Palace until 1877 when it was moved to the Exchange Building at the Saxon Garden. Currently, it is located at ul. Książęca ...
(WSE) raising $221 million in November 2007. Since the debut on the WSE the market capitalisation of the company has tripled and reached US$2 billion in 2011. The IPO of Kernel Holding S.A. was named the Best IPO in Central and Eastern Europe on the WSE. Kernel is a member of WIG20 index of the
Warsaw Stock Exchange
The Warsaw Stock Exchange (WSE) () is a stock exchange in Warsaw, Poland. Founded in 1817, it was located in the Saxon Palace until 1877 when it was moved to the Exchange Building at the Saxon Garden. Currently, it is located at ul. Książęca ...
. In 2023 Kernel Holding announced the delisting of the company from
Warsaw Stock Exchange
The Warsaw Stock Exchange (WSE) () is a stock exchange in Warsaw, Poland. Founded in 1817, it was located in the Saxon Palace until 1877 when it was moved to the Exchange Building at the Saxon Garden. Currently, it is located at ul. Książęca ...
. The delisting was described as a cynical move to push out minority shareholders which could undermine foreign funding for the postwar reconstruction of Ukraine.
In 2012, US
Forbes Magazine
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The c ...
valued Verevskyi's net worth at US$1 billion. In April 2016 the Ukrainian magazine
Focus
Focus (: foci or focuses) may refer to:
Arts
* Focus or Focus Festival, former name of the Adelaide Fringe arts festival in East Australia Film
*Focus (2001 film), ''Focus'' (2001 film), a 2001 film based on the Arthur Miller novel
*Focus (2015 ...
estimated his wealth at $642 million.
Political career
Verevskyi was first elected to the
Verkhovna Rada
The Verkhovna Rada ( ; VR), officially the Verkhovna Rada of Ukraine, is the unicameralism, unicameral parliament of Ukraine. It consists of 450 Deputy (legislator), deputies presided over by a speaker. The Verkhovna Rada meets in the Verkhovn ...
(Ukrainian parliament) in the
2002 Ukrainian parliamentary election
Parliamentary elections were held in Ukraine on 31 March 2002.Dieter Nohlen & Philip Stöver (2010) ''Elections in Europe: A data handbook'', p1976 The Our Ukraine–People's Self-Defense Bloc, Our Ukraine bloc emerged as the largest faction in ...
Poltava Oblast
Poltava Oblast (), also referred to as Poltavshchyna (), is an administrative divisions of Ukraine, oblast (province) of central Ukraine. The capital city, administrative center of the oblast is the city of Poltava. Most of its territory was par ...
. He was a member of the Verkhovna Rada Finance and Banking Committee. Until December 2004, member of the
For United Ukraine!
For United Ukraine! () was a political alliance and an electoral bloc in Ukraine founded in December 2001 to participate in the parliamentary election held on 31 March 2002.
History
In the parliamentary election, the party was supportive of aut ...
faction, European Choice group and Regions of Ukraine faction. He defected to the
Yulia Tymoshenko Bloc
The Yulia Tymoshenko Bloc () was the name of the bloc of political parties in Ukraine led by Yulia Tymoshenko since 2001. In November 2011, the participation of blocs of political parties in parliamentary elections was banned.
in June 2005, and was subsequently re-elected to the Verkhovna Rada in
2006
2006 was designated as the International Year of Deserts and Desertification.
Events
January
* January 1– 4 – Russia temporarily cuts shipment of natural gas to Ukraine during a price dispute.
* January 12 – A stampede during t ...
and
2007
2007 was designated as the International Heliophysical Year and the International Polar Year.
Events
January
* January 1
**Bulgaria and Romania 2007 enlargement of the European Union, join the European Union, while Slovenia joins the Eur ...
as the 44th candidate on the proportional list of the Yulia Tymoshenko Bloc. In both convocations of the Verkhovna Rada he was a member of the Agrarian Policy and Land Relations Committee. During this time, he was a member of the
Batkivshchyna
The All-Ukrainian Union "Fatherland" (), referred to as Batkivshchyna (), is a political party in Ukraine led by People's Deputy of Ukraine, former Ukrainian Prime Minister Yulia Tymoshenko. As the core party of the former Yulia Tymoshenko B ...
party.
In June 2010, Verevskyi crossed to the Stability and Reform coalition formed by the
Party of Regions
A party is a gathering of people who have been invited by a host for the purposes of socializing, conversation, recreation, or as part of a festival or other commemoration or celebration of a special occasion. A party will often feature ...
,
Lytvyn Bloc
The Lytvyn Bloc, formerly Lytvyn's People's Bloc, () was a Centrism, centrist political party, political alliance in Ukraine from 2006 till 2012 led by Volodymyr Lytvyn. It is one of successors of the previous political alliance For United Ukraine ...
and Communist Party factions. Since October 2010, member of the Party of Regions faction.
Verevskiy was placed at number 46 on the proportional list of Party of Regions during the
Ukrayinska Pravda
''Ukrainska Pravda'' is a Ukrainian socio-political online media outlet founded by Heorhii Gongadze in April 2000. After Gongadze’s death in September 2000, the editorial team was led by co-founder Olena Prytula, who remained the editor-in ...
(11 November 2012) The
Higher Administrative Court of Ukraine
The judicial system of Ukraine is outlined in the 1996 Constitution of Ukraine.Court terminates deputy authorities of Party of Regions MP Verevsky
Ukrainian Television and Radio
UTR () was a Ukrainian state owned TV channel targeting a foreign Ukrainian-speaking audience. Programming is provided with English subtitles. The channel is broadcast via satellite in Eurasia and North America, with a high quality signal avail ...
Kyiv Post
The ''Kyiv Post'' is Ukraine’s first and most prominent English-language newspaper. It was founded in 1995 in Kyiv by American businessman Jed Sunden.
In 2018, the publication was acquired by prominent Ukrainian businessman Adnan Kivan, foun ...
(5 March 2013)
Personal life
Andrey is married and has two sons and a daughter.
Forbes Ukraine
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The c ...