Oleksiy Povolotsky was appointed as Director of Corporate Management, Risk Management and Compliance at DTEK

Oleksiy Povolotsky was appointed as Director of Corporate Management, Risk Management and Compliance at DTEK

DTEK02 April 2019

Oleksiy Povolotsky became the head of corporate management, risk management and compliance at DTEK.

Oleksiy Povolotsky was appointed as Director of Corporate Management, Risk Management and Compliance at DTEK

“Effective management, openness and legitimacy have always been at the core of our business. DTEK's corporate management system, the Code of Corporate Governance, and corporate policies and processes are fully consistent with international principles. This is confirmed by the high level of confidence from international investors and partners, such as GE, Vestas, CMEC, Sinosure, Landesbank, Euler Hermes, KFW and others. DTEK is not only recognized as a reliable partner by key financial and banking institutions, but has already attracted hundreds of millions of dollars of foreign investments in the development of Ukraine’s energy sector. Oleksiy Povolotsky is an experienced manager who will continue to build up the corporate management, risk management and compliance sector in accordance with the best European practices.”— said Maxim Timchenko, CEO of DTEK.

Oleksiy Povolotsky has been working for DTEK since 2010 as a head of the Corporate Management Department, and also he is the corporate secretary of the supervisory boards of a number of company's businesses. Before joining DTEK, he worked for Squire, Sanders & Dempsey LLP, international law firm. In 2010, he received a Master’s degree in Law in the University of Leicester (UK).

Under Oleksiy’s leadership, DTEK’s corporate management system has repeatedly been recognized as one of the best in Ukraine. The company is an active member of the Professional Association of Corporate Management. DTEK has the risk management system, the Code of Corporate Governance and the Anti-Corruption Program.

“Efficiency at all levels of DTEK's management, high-quality decision-making of companies, openness and transparency for partners are the key to DTEK's competitiveness in the context of global transformations. The company has formed a professional team, which within recent years has created a qualitative basis for the function and is able to continue its development on an equal footing with leading international companies.” — said Oleksiy Povolotsky.

Reference

DTEK is a strategic holding company that develops business in the energy sector. DTEK’s companies employ 73 thousand people. Maxim Timchenko is the Chief Executive Officer of DTEK.
DTEK companies produce coal and natural gas, generate electric power at the fossil-fuel fired power plants and renewable energy power plants, supply thermal and electric power to end consumers, and provide energy services. The operating companies directly manage production companies in each of the business streams.
DTEK’s production indicators for 2017: the company has produced 27.7 mn tonnes of coal, 1.655 bcm of natural gas, generated (supplied) 37.1 bn kWh of electric power, of which 637.8 mn kWh have been provided by the renewable energy sources; and transmitted 43.2 bn kWh of electric power via the grid.
DTEK is a part of the financial and industrial group System Capital Management (SCM). The shareholder of the group is Rinat Akhmetov.
For more information, visit: https://dtek.com/en/
To learn about social partnership projects being implemented in the cities of DTEK activity, and to get a detailed report on the status of their implementation, please visit https://dtek.com/en/sustainable_development/

Corporate Communications Department
DTEK
Tel.: +38 (044) 581 45 35
+38 (044) 581 45 70
E-mail: pr@dtek.com
www.dtek.com