DRI announces new Chief Executive Officer, Ivan Geliukh

DRI, the EU renewables arm of Ukrainian private energy company DTEK, announced today the appointment of Ivan Geliukh as its new Chief Executive Officer, active as of 1 January 2025.

Geliukh takes over from John Stuart, who led DRI for nearly three years and grew the company into one of the main renewable energy players in its core markets of Croatia, Italy, Poland, and Romania.

Throughout his tenure, Stuart grew DRI to have a renewable energy and battery storage portfolio of 1.4GW and a workforce of nearly 100 international experts across six offices.

Commenting on his tenure Stuart said: “It has been a pleasure transforming DRI from renewables start-up to a well-established power producer and driving its mission to accelerate the energy transition in Europe. Across the EU, countries have ambitious renewable energy targets and I have no doubt that as DRI expands, it will be a big part of this story. In Ivan, DRI has a great leader with a proven track record of growth at DTEK. I am confident he will lead DRI to the next phase of growth and wish him the very best.”

Ivan Geliukh, incoming CEO of DRI, said: “I am delighted to step into this role at DRI, one of DTEK’s fastest growing subsidiaries and one with a mission to deliver clean energy and storage across Europe.

“I want to thank John for his tremendous commitment and leadership over the past years. Under his stewardship DRI has grown into a strong renewables business with an exciting future. I look forward to further growing the business, as we work to deliver 5GW of renewable and battery storage capacity in our core markets by 2030 and begin to explore new markets across Europe.”

Geliukh joins DRI from D.Trading, DTEK’s pan-European trading business, where he had been CEO since 2022. Under his leadership, D.Trading has grown to do business in 23 countries and work on 22 energy trading exchanges.

Prior to D.Trading, Geliukh headed up DTEK Grids, which he combined with co-chairing the Energy Community’s ECDSO-E coordination group of distribution system operators. Ivan joined DTEK Group in 2005.

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About DTEK

DTEK Group is the largest private investor in the energy sector of Ukraine. The Group employs 55,000 people.

DTEK Group's companies are engaged in coal and natural gas mining, electricity production at wind, solar and thermal power plants, trade energy resources in the Ukrainian and international markets, distribute and supply electricity to consumers, provide energy-efficient services to customers, and develop a network of high-speed charging stations. In accordance with the Strategy 2030, DTEK strives to transform into a more energy-efficient, environmentally friendly and technological business, guided by ESG principles. DTEK is a member of the World Economic Forum's Partnering Against Corruption Initiative (PACI). Our goal is to achieve carbon neutrality.

Since the beginning of the full-scale invasion, DTEK Group has restored power supply to more than 14 million consumers in the regions affected by the hostilities. DTEK Group is 100% owned by SCM Limited. The ultimate beneficiary is Rinat Akhmetov.

About DRI

DRI is dedicated to accelerating the energy transition in Central, Eastern and Southern Europe. The company’s mission is to work in underserved markets in Europe to achieve their net zero goals through the creation of a portfolio of 5GW of renewable energy and battery storage by 2028. DRI currently works in Romania, Italy, Poland, and Croatia. It has already established a portfolio of onshore wind, solar and battery projects, and at the end of 2023 it completed the construction of its first solar park and wind farm in Romania, which are now exporting power.

DRI is an Amsterdam-headquartered renewables developer and operator with local offices in Zagreb, Milan, Rome, Warsaw, and Bucharest. DRI is a subsidiary of the DTEK Group, the leader and biggest private investor in Ukraine’s energy sector.

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