[REVISION HISTORY]

Bulgaria utility leadership reshuffle

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-08-01 09:22 UTC → 2026-08-26 12:13 UTC · added ~~removed~~

In early July 2026, Bulgarian Water Holding announced the appointment of a new board and chief executive, marking the first public sign of a governance overhaul within the country's state‑owned utility sector. Less than a month later, the restructuring extended to the gas sector when Bulgartransgaz removed long‑time head Vladimir Malinov and other senior officials, naming former board member Kiril Ravnachki as the new executive director and installing new board members. By August 2026, the leadership transition at Bulgartransgaz was further detailed. Vladimir Malinov, who led the company for over seven years and previously served as acting Minister of Energy from April 2024 to January 2025, was replaced by Kiril Ravnatski. Ravnatski, who had previously held various roles within the company and served as interim head in 2024, was appointed executive director. The reshuffle also impacted Bulgartransgaz subsidiary Gas Hub Balkan. Following his removal from the executive role at the transmission operator, Malinov was appointed chairman of the Board of Directors at Gas Hub Balkan, with Petya Ivanova serving as an executive board member. These rapid succession of leadership changes across both water and gas holdings ~~reflects~~ reflect a broader pattern of administrative adjustments within Bulgaria’s state‑controlled energy and utility companies.

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