Maxim Timchenko (Maksym Timchenko)
Born (1975-08-12) 12 August 1975
Novoselitsy, Novgorod Oblast, USSR
NationalityUkrainian
Occupation(s)DTEK CEO, chairman of the management board

Maxim Timchenko (also spelled Maxim Timchenko and Maksym Tymchenko; Ukrainian: Максим Вікторович Тімченко; born 12 August 1975, in the town of Novoselitsy, Novgorod oblast) is chief executive officer of DTEK. 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.[1][2]

Education

Timchenko graduated with honours from the Donetsk State Academy of Management, majoring in Production Management.[3] 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.[4]

In 2011, he successfully completed the joint Executive Development Programme – Energy of a Leader – run by the DTEK Academy and the London Business School.[5] He is a member of the Association of Chartered Certified Accountants (ACCA).[6]

Career

Maxim Timchenko started his career in 1999 at PricewaterhouseCoopers, where he was promoted from consultant to lead auditor.[7] Between 2002 and 2005, he worked as a senior manager at SCM;[6] he supervised the work of SCM's energy business until it spun off into DTEK.[3]

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.[8][9] To date, DTEK is Ukraine's leading and biggest private investor in the energy sector,[10][11] 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.[12] According to Deloitte, DTEK is among the top ten most dynamic companies in Central and Eastern Europe.[13]

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.[14][15]

DTEK is among the leaders in Ukrainian Companies' Transparency Index 2020.[16]

During the Russian invasion of Ukraine in 2022

Stop Bloody Energy

Since the very beginning of the 2022 Russian invasion, the DTEK Group together with NJSC Naftogaz and Ukrenergo initiated the Stop Bloody Energy project, within which they call on Western companies to stop cooperation with Russia in the energy sector. With the help of this initiative, Ukrainian companies want to show the international community that representatives of global business still continue to work with Russia, despite the war in Ukraine. The project website contains information about gas, coal trading, oil service and machine-building companies.[17][18][19]

The Japanese company Komatsu, one of the world's largest manufacturers of special equipment, stopped working with Russia after the company was put on the Stop Bloody Energy list.[20][21][22]

As part of the Stop Bloody Energy initiative, at the beginning of May 2022, more than 100 Ukrainians gathered near the head office of the French company Engie with the demand to terminate gas contracts with Russia.[23][24][25]

Also, activists from Ukraine and Europe within the framework of the Stop Bloody Energy initiative held a protest in Davos during the World Economic Forum against the energy business that continues to operate in the Russian Federation.[26][27][28]

Restoration of the energy infrastructure during the war

Since the first day of Russia's full-scale invasion of Ukraine, DTEK has been repairing networks destroyed by shelling, and keeps working on restoring the electricity supply.[29][30][31][32] On May 18, DTEK specialists returned 100% electricity to the Kyiv region, which was liberated from the Russian military on April 2, 2022. Electricity was supplied to the homes of 260,000 families in 600 settlements through high-voltage and distribution networks owned by the company.[33]

DTEK Group invested ₴300 million in the restoration of war-ravaged electrical networks of the Kyiv region.[34] DTEK involved its specialists from Odesa and Dnipropetrovsk regions in order to restore the power supply of the Kyiv region. In total, 1,000 energy workers from different parts of the country worked on restoring the electricity.[35][36][37][38]

DTEK energy workers restore electricity supply in the Donetsk region every day, despite constant hostilities.[39][40] In general, as of June 2022, electricity has been restored in more than 2.8 million homes throughout Ukraine. The all-Ukrainian program for repairing networks and restoring energy infrastructure during the war was called "We are returning the light".[41][42][43][44]

Heroes of the energy front

In order to maintain the power system and restore the energy infrastructure, DTEK energy workers and miners work in extremely dangerous conditions - in the zone of active hostilities, often under fire - to restore electricity supply to the population and extract coal for the country.[45][46]

Since February 24, 2022, 51 DTEK Group employees have died, and 99 people have been injured. To honor the heroic work of energy workers who risk their lives every day, DTEK Group initiated the "Heroes of the Energy Front" project. The project's website collects stories of energy workers who continue to work heroically in wartime conditions.[47]

Also in May 2022, the Cabinet of Ministers awarded DTEK energy workers working in combat conditions with an honorary certificate "For Courage". Energy workers of DTEK Donetsk power grids were awarded certificates of honor of the Cabinet of Ministers for personal courage and selfless actions during emergency restoration work on electric power transmission lines that were damaged as a result of hostilities in Donbas, and rescuing people during the war.[48]

Humanitarian aid and support of the Armed Forces

Since the beginning of Russia's full-scale invasion of Ukraine, DTEK Group has been purchasing protective equipment for the military, medicines and grocery kits for Ukrainians, as well as supporting internally displaced persons.[49]

As of June 2022, DTEK Group has sent more than 500 million hryvnias to support the Armed Forces of Ukraine, territorial defense forces and humanitarian aid.[50]

The company provided more than 50,000 liters of fuel and 450 tons of coal for evacuation trains, more than 20,000 units of medicines to the Armed Forces and communities. Batches of portable radios and communication systems, batches of tourniquet harnesses, generators and drones were purchased and transferred.[51]

The DTEK company ensured the evacuation of about 5,000 of its employees and their family members from combat zones.[52][53]

In total, during the full-scale war, the company transferred 158 vehicles from its own fleet, including SUVs and mini-buses, which are used for public defense tasks.[54][55]

Free electricity for hospitals and the military

Since the beginning of Russia's full-scale invasion of Ukraine, DTEK Group has been providing free electricity to critical infrastructure institutions, state and communal medical institutions, military and law enforcement agencies. In four months, the DTEK Group provided free electricity worth ₴160 million to about 100 establishments.[56][57] In particular: Institute of Traumatology and Orthopedics of the Medical Academy of Ukraine, Dnipropetrovsk Regional Clinical Hospital named after I.I. Mechnikov, Dnipropetrovsk Regional Center of Emergency Medicine and Disaster Medicine, Kurakhiv City Hospital, etc.[58][59][60]

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.[61][62]

Awards

Publications

  • The Future of the Ukrainian Energy Sector. Interview with Maxim Timchenko, the CEO at DTEK[14]
  • Interview with DTEK's CEO Maxim Timchenko to RBC Ukraine[64]
  • DTEK CEO Maxim Timchenko: Directionless Lobbying is not the way to create a business (RBC)[65]
  • Mounting crisis: The DTEK story, as told by Maxim Timchenko (Kyiv Post)[66]
  • Ukraine must work with leading nations to build sustainable energy markets (WEF)[64]
  • Maxim Timchenko: Environmental, social and corporate governance — the new bedrock for business (Kyiv Post)[67]
  • Maxim Timchenko: Energy for a new Ukraine (Kyiv Post)[68]

References

  1. ↑ "В ближайшие 10 лет ДТЭК трансформируется в более экологичный и эффективный бизнес, – СЕО Тимченко". glavcom.ua (in Russian). Retrieved 6 May 2021.
  2. ↑ "Максим Тимченко | Спикеры | Киевский международный экономический форум". forumkyiv.org. Retrieved 6 May 2021.
  3. 1 2 "Максим Тимченко". Интерфакс-Украина (in Russian). Retrieved 6 May 2021.
  4. ↑ "Тимченко Максим Викторович". LB.ua. Retrieved 6 May 2021.
  5. ↑ "Maxim Timchenko". dtek.com. Retrieved 6 May 2021.
  6. 1 2 "Тимченко Максим Викторович". bp.ubr.ua (in Russian). Retrieved 6 May 2021.
  7. ↑ "Максим Тимченко". gorshenin.ua (in Russian). Retrieved 6 May 2021.
  8. ↑ "Топ-20 самых успешных украинских менеджеров — DSnews.ua". www.dsnews.ua (in Russian). 1 October 2018. Retrieved 6 May 2021.
  9. ↑ "Тимченко, Максим Викторович. Максим Викторович Тимченко - генеральный директор, председатель правления компании ДТЭК с 2005 года. В течение нескольких лет Макси". ww.ru.freejournal.org (in Russian). Retrieved 6 May 2021.
  10. ↑ "Энергия будущего: как ДТЭК приближает "зеленый переход" в украинской энергетике". Mind.ua (in Russian). Retrieved 6 May 2021.
  11. ↑ "ДТЭК создает Инвестиционный хаб новой украинской энергетики в Великобритании". Металлургпром (in Russian). Retrieved 6 May 2021.
  12. ↑ "Украинско-германское партнерство в свете реализации "Северного потока – 2" / / Независимая газета". www.ng.ru. Retrieved 6 May 2021.
  13. ↑ "Каждая десятая крупнейшая компания Восточной Европы - из Украины". LIGA (in Russian). 5 September 2014. Retrieved 6 May 2021.
  14. 1 2 "Будущее украинской энергетики. Интервью с Максимом Тимченко, генеральным директором ДТЭК". biz.nv.ua (in Russian). Retrieved 6 May 2021.
  15. ↑ "ДТЭК представил Новую стратегию до 2030 года". www.scm.com.cy (in Russian). Retrieved 6 May 2021.
  16. ↑ "ESG Індекс прозорості компаній України 2020". www.ukrinform.ua (in Ukrainian). Retrieved 14 December 2021.
  17. ↑ "Zelenskyy Shares Chilling Video In Plea For Europe To 'Stop Feeding Russian Military Machine'". HuffPost UK. 7 April 2022. Retrieved 7 July 2022.
  18. ↑ Reed, Stanley (18 March 2022). "How one energy company C.E.O. is trying to keep the lights on in Ukraine". The New York Times. ISSN 0362-4331. Retrieved 19 July 2023.
  19. ↑ Helman, Christopher. "'Immediate Risk' Of Putin Nuclear Power Plant Plot, Says Ukraine Energy CEO Pleading For No-Fly Zone". Forbes. Retrieved 19 July 2023.
  20. ↑ "Комацу. Японський виробник спецтехніки після довгих вагань іде з російського ринку". biz.nv.ua (in Ukrainian). Retrieved 7 July 2022.
  21. ↑ Цензор.НЕТ. "Сотни людей пикетировали офис французской Engie в рамках акции Stop Bloody Energy. ФОТОрепортаж". Цензор.НЕТ (in Russian). Retrieved 7 July 2022.
  22. ↑ "В Давосі пройшла акція Stop Bloody Energy проти російських енергоресурсів". РБК-Украина (in Russian). Retrieved 7 July 2022.
  23. ↑ "росія за час повномасштабної війни заробила понад $65 мільярдів на енергоресурсах - Єрмак". www.ukrinform.ua (in Ukrainian). Retrieved 7 July 2022.
  24. ↑ "Кулеба закликав бізнес і світових лідерів «вбити російський експорт»". Радіо Свобода (in Ukrainian). Retrieved 7 July 2022.
  25. ↑ "Stop Bloody Energy: українські компанії звернулися до світу". ua.korrespondent.net (in Russian). Retrieved 7 July 2022.
  26. ↑ "Європа продовжує відправляти в РФ мільярд євро щодня, купуючи нафту й газ - Подоляк". www.unian.ua (in Ukrainian). Retrieved 7 July 2022.
  27. ↑ Цензор.НЕТ. "Кулеба поддержал акцию Stop Bloody Energy и призвал иностранный бизнес разорвать отношения с Россией". Цензор.НЕТ (in Russian). Retrieved 7 July 2022.
  28. ↑ "ЦАПЛІЄНКО_UKRAINE FIGHTS". Telegram. Retrieved 7 July 2022.
  29. ↑ Hunder, Max (11 March 2022). "Ukraine expects emergency connection to European energy grid - DTEK CEO". Reuters. Retrieved 19 July 2023.
  30. ↑ "How Ukraine keeps the lights on in wartime". POLITICO. 24 May 2022. Retrieved 19 July 2023.
  31. ↑ Grzegorczyk, Marek (13 October 2022). "Ukraine's quest to keep the lights on". Emerging Europe. Retrieved 19 July 2023.
  32. ↑ "Ukraine war, Russian energy attacks loom over COP27 climate conference". The Washington Post.
  33. ↑ "Знеструмили російські окупанти: енергетики ДТЕК повернули світло майже 160 тисячам сімей". industry.segodnya.ua (in Ukrainian). Retrieved 7 July 2022.
  34. ↑ "DTEK still aiming to be carbon neutral by 2040".
  35. ↑ "ДТЕК інвестував у відновлення мереж на Київщині 300 млн грн". Інтерфакс-Україна (in Ukrainian). Retrieved 7 July 2022.
  36. ↑ "ДТЕК залучив фахівців з Одеси й Дніпра для відновлення електропостачання Київської області". РБК-Украина (in Russian). Retrieved 7 July 2022.
  37. ↑ Felicia Schwartz and Roman Olearchyk. "Ukraine's war economy: businesses cling on as Russia damages power supplies". www.ft.com. Retrieved 19 July 2023.
  38. ↑ Oliver, Matt (24 June 2023). "The race to thwart Putin and keep the lights on in war-torn Ukraine". The Telegraph. ISSN 0307-1235. Retrieved 19 July 2023.
  39. ↑ Ukraine's future role as European energy supplier – DW – 05/24/2022, retrieved 19 July 2023
  40. ↑ Wells, Peter; Russell, George; Kelly, Maxine; Quinio, Akila; Chávez, Steff; Ralph, Oliver; Kerr, Jaren; White, Alexandra (24 February 2023). "Ukraine war one year on: Updates from the first anniversary of the conflict". Financial Times. Retrieved 19 July 2023.
  41. ↑ "ДТЭК инвестировал в восстановление электросетей Киевской области 300 миллионов гривень – Тимченко". www.unian.net (in Russian). Retrieved 7 July 2022.
  42. ↑ "Leave if you can to save energy - Ukraine power boss". BBC News. 19 November 2022. Retrieved 19 July 2023.
  43. ↑ "Ukraine's DTEK Races Against Time to Revive Damaged Energy Grid". Bloomberg.com. 8 December 2022. Retrieved 19 July 2023.
  44. ↑ "Nuclear disaster is imminent, says Ukraine's largest private power provider DTEK". CNBC. Retrieved 19 July 2023.
  45. ↑ "Герої енергетичного фронту". dtek.com (in Ukrainian). Retrieved 7 July 2022.
  46. ↑ "DTEK CEO says energy company started a 'green counteroffensive' in Ukraine". CNBC. Retrieved 19 July 2023.
  47. ↑ "Герої енергофронту". energy-heroes.com.ua. Retrieved 7 July 2022.
  48. ↑ "Кабмін нагородив працюючих на передовій енергетиків ДТЕК грамотою 'За мужність'". dtek.com (in Ukrainian). 13 May 2022.
  49. ↑ "ДТЕК направив на підтримку захисників України та гуманітарні цілі 500 млн гривень". РБК-Украина (in Russian). Retrieved 7 July 2022.
  50. ↑ "ДТЕК передав гуманітарну допомогу постраждалим від війни у Дніпропетровській області". РБК-Украина (in Russian). Retrieved 7 July 2022.
  51. ↑ "ДТЕК придбав для прикордонників додаткові рації і системи зв'язку". РБК-Украина (in Russian). Retrieved 7 July 2022.
  52. ↑ "ДТЕК передав ДСНС дрони для допомоги псу Патрону в розмінуванні". ТСН.ua (in Ukrainian). 22 June 2022. Retrieved 7 July 2022.
  53. ↑ "ДТЭК передал защитникам Полтавcкой области еще 39 тыс. л топлива". gordonua.com. Retrieved 7 July 2022.
  54. ↑ "Партнерами гуманитарного проекта "Спасаем жизни" стали уже 88 компаний со всего мира - Вишняков". www.unian.net (in Russian). Retrieved 7 July 2022.
  55. ↑ "SCM businesses and authorities launched a humanitarian project Save lives". Perild. 31 March 2022. Retrieved 7 July 2022.
  56. ↑ "Понад 350 закладів критичної інфраструктури отримують електроенергію безкоштовно". www.unian.ua (in Ukrainian). Retrieved 7 July 2022.
  57. ↑ philipgordon (3 March 2022). "Ukraine: DTEK provides hospitals, military and bakeries with free power". Power Engineering International. Retrieved 7 July 2022.
  58. ↑ "ДТЕК Ахметова безплатно надав медикам і військовим електроенергії на 160 млн грн". gordonua.com. Retrieved 7 July 2022.
  59. ↑ "ДТЕК безкоштовно постачає е/е лікарням, армії та хлібозаводам в трьох областях". www.iclub.energy (in Ukrainian). Retrieved 7 July 2022.
  60. ↑ "ДТЭК Ахметова обеспечила бесплатной электроэнергией 350 медицинских и военных учреждений ⋆ ОДЕССКИЙ РЕГИОНАЛЬНЫЙ НОВОСТНОЙ ПОРТАЛ". ОДЕССКИЙ РЕГИОНАЛЬНЫЙ НОВОСТНОЙ ПОРТАЛ (in Russian). 17 March 2022. Retrieved 7 July 2022.
  61. ↑ "Генеральний директор ДТЕК увійшов до наглядової ради Мережі Глобального договору ООН в Україні". European Business Association (in Ukrainian). 2 March 2020. Retrieved 6 May 2021.
  62. ↑ "Academy DTEK отмечает свое 10-летие". Интерфакс-Украина (in Russian). Retrieved 6 May 2021.
  63. ↑ ""ТОП 100. Рейтинги найбільших"". Дело: 25.
  64. 1 2 "Ukraine must join forces to build sustainable energy markets". World Economic Forum. Retrieved 6 May 2021.
  65. ↑ "Гендиректор ДТЭК Максим Тимченко: Нельзя строить бизнес на лоббировании каких-либо назначений". РБК-Украина (in Russian). Retrieved 6 May 2021.
  66. ↑ "Crisis on high: The DTEK story, as told by Maxim Timchenko | KyivPost - Ukraine's Global Voice". KyivPost. 27 May 2020. Retrieved 6 May 2021.
  67. ↑ "Maxim Timchenko: Environmental, social and corporate governance — new bedrock for business | KyivPost - Ukraine's Global Voice". KyivPost. Retrieved 6 May 2021.
  68. ↑ "Maxim Timchenko: Energy for new Ukraine | KyivPost - Ukraine's Global Voice". KyivPost. Retrieved 6 May 2021.
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