Maxim Timchenko (also spelled Maksym Tymchenko; ; born 12 August 1975) is

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

DTEK DTEK () is the largest private investor in the energy industry in Ukraine. The company's enterprises generate electricity at solar, wind and thermal power plants; extract coal and natural gas; trade energy products in the Ukrainian and foreign m ...

. He has headed the company since its foundation in 2005. Maxim Timchenko is a member of the Electricity Governors community, which brings together business leaders and partner organizations from the

World Economic Forum The World Economic Forum (WEF) is an international non-governmental organization, international advocacy non-governmental organization and think tank, based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German ...

Education

Timchenko graduated with honours from the Donetsk State Academy of Management, majoring in Production Management. He continued his education at the

University of Manchester The University of Manchester is a public university, public research university in Manchester, England. The main campus is south of Manchester city centre, Manchester City Centre on Wilmslow Road, Oxford Road. The University of Manchester is c ...

, where he obtained a diploma with honours and a Bachelor of Arts degree in Economic and Social Studies. In 2011, he completed the joint Executive Development Programme – Energy of a Leader – run by the DTEK Academy and the

London Business School London Business School (LBS) is a business school and a constituent college of the federal University of London. LBS was founded in 1964 and awards post-graduate degrees (Master's degree, Master's degrees in management and finance, Master of B ...

. He is a member of the Association of Chartered Certified Accountants (ACCA).

Career

Maxim Timchenko started his career in 1999 at PricewaterhouseCoopers, where he was promoted from consultant to lead auditor. Between 2002 and 2005, he worked as a senior manager at SCM; he supervised the work of SCM's energy business until it spun off into

Managing DTEK

Timchenko has been DTEK's chief executive officer since its founding in July 2005. He promoted the establishment of a vertically-integrated chain of companies within the SCM Group. DTEK's subsidiaries operate in the areas of coal mining, and electricity generation and distribution, which allowed the company to overcome the 2008 global economic crisis. The vertical integration provided the company with necessary financial security and development opportunities, even in adverse conditions. To date, DTEK is Ukraine's leading and biggest private investor in the energy sector, and its subsidiaries are involved in coal and natural gas extraction; electricity generation from wind, solar, and thermal power plants; energy resources trading in national and international markets; distributing and supplying electricity to consumers; providing energy efficiency services to customers; and developing high-speed charging station networks. In each of DTEK's distinct business areas, production companies are merged into operating holding companies. According to

Deloitte Deloitte is a multinational professional services network based in London, United Kingdom. It is the largest professional services network in the world by revenue and number of employees, and is one of the Big Four accounting firms, along wi ...

, DTEK is among the top ten most dynamic companies in Central and Eastern Europe. In 2020, Timchenko presented DTEK's new 2030 strategy, based on ESG principles, as well as plans and actions for DTEK's transformation into a modern digital company. DTEK is among the leaders in Ukrainian Companies' Transparency Index 2020. Since 2019, Timchenko has been a member of the UN Global Compact on Ukraine's Supervisory Board. He leads Academy DTEK's MBA project commission, suggesting non-standard formats for training projects, as well as developing Ukraine's educational ecosystem.

Awards

Ranked in the top ten in the TOP-100. Best Top Managers of Ukraine 2010 rating of the publishing house Ekonomika

Best top manager of Ukraine in the nomination Change Management in the Organisation 2010 in the TOP-100 rating of the publishing house Ekonomika

Best top manager of Ukraine in the Energy 2012-2013 category in the TOP-100 rating of the publishing house Ekonomika
* Best top manager of Ukraine in the M&A Leader 2013 nomination in the TOP-100 rating of the publishing house Ekonomika
Ranked in the top ten of the 25 Best СЕО rating of Forbes Украина
* In 2021 topped the rating of the best managers in Ukraine according to the magazine "TOP 100. Ratings of the largest"

Publications

Europe can replace its lost Russian energy supply with this surprising partner (WEF)

Help Ukraine now, and it could power Europe later (Atlantic Council)

Ukraine is ready to support the reinvention of European energy security (Euractiv)
* The Future of the Ukrainian Energy Sector. Interview with Maxim Timchenko, the CEO at DTEK * Interview with DTEK's CEO Maxim Timchenko to RBC Ukraine * DTEK CEO Maxim Timchenko: Directionless Lobbying is not the way to create a business (RBC) * Mounting crisis: The DTEK story, as told by Maxim Timchenko (Kyiv Post) * Ukraine must work with leading nations to build sustainable energy markets (WEF) * Maxim Timchenko: Environmental, social and corporate governance — the new bedrock for business (Kyiv Post) * Maxim Timchenko: Energy for a new Ukraine (Kyiv Post)

References

External links

DTEK's official websiteDTEK at FacebookDTEK at Twitter
{{DEFAULTSORT:Tymchenko, Maxim 1975 births Living people People from Novgorod Oblast Alumni of the University of Manchester Donetsk State University of Management alumni