Maksym Timchenko (also spelled Maxim Timchenko and Maksym Tymchenko; uk, Максим Вікторович Тімченко; born 12 August 1975, in the town of Novoselitsy,

Novgorod oblast Novgorod Oblast (russian: Новгоро́дская о́бласть, ''Novgorodskaya oblast'') is a federal subject of Russia (an oblast). Its administrative center is the city of Veliky Novgorod. Some of the oldest Russian cities, including ...

) is

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

DTEK DTEK (Ukrainian: ДТЕК) 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 Ukrain ...

. He has headed the company since its foundation in 2005. 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 and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, ...

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, where he obtained a diploma with honours and a Bachelor of Arts degree in Economic and Social Studies. In 2011, he successfully completed the joint Executive Development Programme – Energy of a Leader – run by the DTEK Academy and the London Business School. He is a member of the Association of Chartered Certified Accountants (ACCA).

Career

Maksym 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 Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of profession ...

, 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.

Social activity

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

* 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, Maksym 1975 births Living people People from Novgorod Oblast Alumni of the University of Manchester Donetsk State University of Management alumni