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Governance

DTEK holds itself to the very highest standards of corporate governance. We see business integrity and the strongest possible safeguards as fundamental to DTEK’s business performance.

DTEK Advisory Council

We have launched a new Advisory Council made up of globally-recognised public and private sector leaders to provide strategic counsel to the CEO and senior management.

The Council’s creation represents an important step in DTEK’s journey through the energy transition, its expansion into new markets and to be recognised as an example of corporate excellence.

A key focus of the Council will be ensuring DTEK adheres to the highest governance standards and ever-stronger safeguards against corruption – building on the company’s membership of the World Economic Forum’s Partnership Against Corruption Initiative (PACI).

message from

Maxim Timchenko

"With this Council, DTEK will have access to world-leading experts in their respective fields. The Advisory Council will offer insights on DTEK’s broad strategy and policy direction, and specifically on the risks we face and the opportunities we can seize as the worlds of business, politics and society shift with increasing velocity. I look forward to the Council advising our executive team to both improve what we do, and how we do it, in order that DTEK meets the very highest corporate governance standards."

Advisory Council members

  • Anders Åslund

    Anders Åslund

    Experience: Stockholm Free World Forum, Georgetown University, Atlantic Council, Peterson Institute for International Economics, Carnegie Endowment for International Peace

    Specialist area: macroeconomics

    Dr. Anders Åslund, one of the world's leading economists and experts on Ukraine, specializes in economic transition of russia, Ukraine and Eastern Europe. Dr. Åslund holds the position of adjunct professor at Georgetown University and serves as Chairman of the International Advisory Council at the Center for Social and Economic Research (CASE) as well as the Board of International Advisors, Bank of Finland Institute of Transition. He is also a Senior Fellow at the Stockholm Free World Forum and previously served as a resident senior fellow in the Eurasia Center at the Atlantic Council.

    From 2006 to 2015, Dr. Åslund was a senior fellow at the Peterson Institute for International Economics.  Dr. Åslund has served as an economic adviser to several governments, notably the governments of russia and Ukraine. Formerly, Dr. Åslund served as the Director of the russian and Eurasian Program at the Carnegie Endowment for International Peace. He was also the Founding Director of the Stockholm Institute of Transition Economics and a Professor of international economics at the Stockholm School of Economics.

    He has published widely and is the author of 16 books and editor of 16 additional books. His latest book, “The Reconstruction, Reform, and Accession of Ukraine” (2023), was co-authored with Andrius Kubilius, MEP and former Prime Minister of Lithuania.

    Dr. Åslund served as a Swedish diplomat in moscow, Geneva, Kuwait, and Poland. He earned his doctorate from the University of Oxford. He has also served on four corporate boards and several advisory boards.

    Anders Åslund
  • Victoria Cochrane

    Victoria Cochrane

    Experience: Euroclear Bank, EY, Ninety One Plc, IntegraFin Holdings Plc


    Senior independent director, Confederation of British Industry; Chair, Audit Committee at Euroclear Bank SA/NV

    Specialist area: compliance and quality

    Victoria Cochrane is a former member of the global executive board of Ernst & Young (EY) and served as the Global Managing Partner for Quality & Risk Management (2008-13). She started her career as a solicitor and spent 10 years in private practice. She joined Ernst & Young as their first UK general counsel in 1991. Victoria was a partner for 20 years and for the last five, she was a global executive board member and global managing partner for risk, quality and governance.

    Victoria was appointed as an independent non-executive director and Audit and Risk Committee chair to NinetyOne plc. Victoria also currently serves as senior independent director at Integrafin Holdings plc and non-executive director and chair of the Audit Committee at Euroclear Bank SA/NV. Victoria previously served as senior independent director of HM Courts & Tribunals Service, a non-executive director at Gloucester Insurance Limited and Perpetual Income & Growth Investment Trust plc and was senior advisor to Bowater Industries Limited.

     

     

     

     

     

     

    Victoria Cochrane
  • Pascal Lamy

    Pascal Lamy

    Experience: World Trade Organization, Transparency International, European Commission, Paris Peace Forum, Brunswick Group, Jacques Delors Institutes

    Pascal Lamy is the Vice-President of the Paris Peace Forum and of the European branch of the Brunswick Group. He coordinates the Jacques Delors Institutes (Paris, Berlin, Brussels).

    He is also President or member of various boards with a global, european or french vocation (European Starfish Mission (ocean), Mo Ibrahim Foundation, European Climate Foundation, IFPRI, PECC, CERRE, TMEA, Antarctica 2020, Transparency International, Alpbach Forum, Beijing Forum, World Trade Forum, WEF, Global Risks, Europaeum, Collegium international, Musiciens du Louvre, Institut Mendes-France, Colbert Foundation, etc.).

    He is an affiliated professor at the China Europe International Business School CEIBS (Shanghai) and at HEC (Paris).

    From 2005 to 2013, Pascal Lamy served two consecutive terms as Director General of the World Trade Organization (WTO). He was previously Trade Commissioner (1999-2004), Director General of Crédit Lyonnais (1994-1999), Chief of Staff of the President of the European Commission, Jacques Delors and his G7 Sherpa (1985-1994), Deputy Chief of Staff of the French Prime Minister (1983-1985) and to the French Minister of the Economy and Finance (1981-1983).

    Last publication "Strange new world" (Odile Jacob 2020), "Où va le monde?" (Odile Jacob 2018).

    Pascal Lamy
  • Miriam Maes

    Miriam Maes

    Experience: Energy Transition Forum, Urenco, ELIA (BRU), Electricité de France, UK Department for Energy and Climate Change, German Marshall Fund of the United States

    Miriam Maes has worked 40 years for multinationals, of which more than 20 years managing national and international P&L’s. She spent around 20 years in the B2B food and beverages sector and 20 years in the B2B energy and climate change space.

    Miriam was managing international food, foodservices and beverages businesses for Unilever, ICI (Imperial Chemical Industries) and the Marmon Group (privately owned by the US Pritzker family).

    In 2002, she entered the Energy sector, first with Texas Utilities (TXU) as member of their European Executive and between June 2003 and August 2007 with EDF Energy in the UK, as COO of their non-regulated distribution networks' business (£500 million/Euro 600 million turnover and 2000 employees).

    In 2007, Miriam founded Foresee, Climate Change Consulting Company, an energy and climate change strategy consultancy, where she is the CEO.

    Between May 2010 and April 2012, Miriam was Senior Advisor to the Department for Energy and Climate Change (DECC) in the UK. On request of the Minister of Energy and Climate Change, she chaired and participated in several Ministerial working groups.

    From 2012- today: Founder and Chairman of the Energy Transition Forum, a USA-European “Think-Tank”. Website: https://energytransitionforum.com/

    In 2012, Miriam became a Senior Fellow on the Climate and Energy Program of the German Marshall Fund of the United States ("GMF"), a Washington based transatlantic Think-Tank. In this role, she founded and chaired GMF's “Energy Transition Forum”. In 2015, Miriam launched as Chair the second phase of the “Energy Transition Forum” as an independent Not-for-Profit organisation and partnered with the United Nations Foundation. Until today, Miriam continues as Founder and Chairman the Energy Transition Forum (“ETF”), now in its 12th year, organising 2 Forums per year in Europe and the USA, between top-level participants in the energy value chain from the private and public sector, the academic world, and NGO’s. The “ETF” is a think-tank, facilitating constructive discussions under Chatham House rules on ways in which companies, organisations and governments in the United States and Europe can achieve a timely and responsible transition to a secure, affordable, and low-carbon energy system.

    Current Non-Executive Directorships

    May 2016 - Present

    Non-Executive Director on the Board of the Euronext listed global mining company Eramet; Chairman of the Audit Committee; Member of the Remuneration Committee (Revenue 2021: Euro 5 billion). Eramet is a global mining company, headquartered in Paris, France.

    June 2011- Present

    Non-Executive Director on the Board of the Euronext listed company Assystem, Chairman of the Remuneration and ESG Committee and Member of the Audit Committee. Assystem is an international Nuclear and Energy Engineering company, headquartered in Paris, France.

    Current Advisory Roles

    • Since 2018: Member of the Advisory Committee of TotalEnergies-Tikehau Investment Fund (“T2 Energy Transition Fund”) in France.
    • Since 2020: Member of the Advisory Committee of Pioneer Point Partners Investments in the UK
    • Since 2021: Member on the Advisory Council of Arcus Infrastructure Fund in the UK.
    • Since 2021: Member of the not-for-profit Lloyd's Register's Advisory Board in the UK.

    Past Non- Executive Directorships

    From January 2018 – 31st December 2023

    Chairman of the Supervisory Board of the Port of Rotterdam; Member of the Remuneration Committee. The Port of Rotterdam’s shareholders are the City of Rotterdam and the Dutch Ministry of Finance. The Port of Rotterdam is the largest port in Europe and number 9 in the world after Singapore and 7 Chinese ports.

    From January 2016 - January 2018: Member of the Supervisory Board of the Port of Rotterdam; Member of the Audit Committee and Chairman of the Remuneration and Nomination Committee.

    Non-Executive Director on the Board of URENCO and Vice-Chair of Ultra Centrifuge Netherlands, representing the Dutch Ministry of Finance; Member of the Urenco Audit Committee and Chairman of Urenco Board’s “Health, Safety and Sustainability” Committee.

    URENCO is a joint venture between the UK and Dutch governments and RWE and Eon. It manufactures enriched uranium and uranium for nuclear power utilities worldwide.

    November 2013 – December 2019

    Non-Executive Director on the Board of the Euronext listed company Vilmorin & Cie; Chairman of the Audit Committee of the listed Vilmorin & Cie

    Vilmorin & Cie is headquartered in France and one of the world-leaders in vegetable seeds and field seeds, competing with Bayer-Monsanto, Syngenta-ChemChina and DowDuPont.

    May 2014- May 2017

    Chairman of the Board, Elia Group, the Euronext listed Belgian national and part German Transmission System Operator).

    May 2011-May 2014

    Member of the Board, Elia Group

    June 2012-June 2015

    Chairman Sabien Technologies, a secondary market listed UK gas technology company.

    July 2012- July 2014

    Chairman of Kiwi Power, UK, a non-listed Demand Response company

    June 2003- August 2007

    Chairman of Powerlink, a joint venture between EDF, ABB and Balfour Beatty, representing EDF Energy.

    Member of the Dalkia UK Board, representing EDF Energy.

    Member of Metronet Board, representing EDF Energy.

    Miriam has a degree from Nijenrode International Business School in the Netherlands and is a fluent English, French, Dutch, and German speaker. Miriam has a 26-year-old daughter and lives in Paris with her French husband.

    Miriam Maes
  • Axel Theis

    Axel Theis

    Experience: Allianz SE, Euler Hermes, Axis Capital Holdings

    Dr Axel Theis is a respected and accomplished global business leader with significant experience leading insurance and asset management businesses of significant scale across the European and global markets.

    He has more than 34 years of history working with international financial services provider Allianz, including as CEO of Allianz Global Corporate & Specialty SE and Chair of Allianz UK. He has extensive insights into risk, finance and governance having worked across multiple geographies within Allianz, including leading Allianz Eastern Europe. He also holds expertise in ESG, and in Europe’s energy transition.

    Dr Axel currently serves on the board of Axis Capital Holdings as Non-Executive Director and chairs the board of ProCurand Care.

    Axel Theis
  • Raffaele Trombetta

    Raffaele Trombetta

    Experience: Italian Ambassador to the UK and to Brazil, co-Presidency of COP26, European Union, Chief of Staff to Paolo Gentiloni

    Ambassador of Italy to the United Kingdom (2018 to 2022)
    Specialist area: EU and Italian affairs       

    Raffaele Trombetta served as the Ambassador of Italy to the United Kingdom from 2018 to 2022. He supported the co-Presidency of COP26 during his tenure. Prior to his role in the UK, Raffaele served as the Italian Ambassador to Brazil from 2013 to 2016. He also played a significant role in Italian diplomacy as the personal representative and sherpa of the Italian Prime Minister for the G7 and the G20, where he coordinated the Italian G7 Presidency from 2017 to 2018.

    Earlier in his career, Raffaele held the position of acting Director General for the European Union and served as Chief of Staff to the Foreign Affairs Minister, Paolo Gentiloni. Throughout his diplomatic career, Raffaele has demonstrated a broad focus that includes engagement with China, India, and Japan.

    He served as the Deputy Head of Mission in China from 2002 to 2006. Additionally, he has experience in international development cooperation, having worked in the Africa Office, and served as Deputy Head of Mission in Colombia. In academia, Raffaele Trombetta holds a visiting professorship at the London School of Economics, where he also obtained a master's degree in European Studies. He is set to teach at the University of Naples, his alma mater, as well.
     

    Raffaele Trombetta

Our business segments

Since our founding almost 20 years ago, we have always looked to create lasting partnerships across all of our businesses. We work with our partners to find solutions that drive sustainable value and impact over the long term. We have built trust and credibility by leveraging our entrepreneurial values, industry expertise and diverse insights to deliver better solutions and build better, more efficient businesses.

DTEK Group B.V.

Dutch-based company established in 2005 with offices in the Netherlands, United Kingdom, Switzerland and Ukraine

  • dtek

    energy b.v.

    Integrated conventional generation business with 13.3 GW installed capacity (8 thermal power plants), own coal production and machinery divisions. During 2023 coal production amounted to 17.1 Mt.

  • DTEK Renewables Ukraine B.V.

    Largest investor in renewables in Ukraine with 1.1 GW installed capacity

  • DTEK Renewables International B.V.

    Fast-growing renewable IPP in the EU, targeting 5 GW solar, wind and battery storage projects in operation by 2030

  • DTEK
    
Oil&Gas B.V.

    Largest private natural gas producer in Ukraine, contributing to country’s energy security through continuous exploration. 2.0 bcm of gas produced in 2022

  • DTEK
    
Grids B.V.

    Largest power distribution company in Ukraine with 33 TWh electricity distributed in 2022 (50 TWh), 7 distribution companies and 5.6 mln connections.

  • D.Trading
    
B.V.

    Active commodity
    trader across major European markets. 30.3 TWh of electricity, 2.3 Mt of coal, 1.5 bcm of gas were supplied to domestic and international clients in 2022.

  • D.Solutions
    
B.V.

    Leading energy supply company to 3.5 mln customers. 12.8 TWh of electricity supplied in 2022

Where we operate

By approaching every investment with our full platform, we uncover new opportunities, transform businesses and foster innovation.

Our
businesses

DTEK is Ukraine's largest private energy company with 55,000 people in 8 countries

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Anti-corruption
Programme

The Program sets rules, measures and procedures to prevent corruption in company activities

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Code of ethics and business conduct

This Code is not a formality. We believe in the values and principles outlined here

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