OREANDA-NEWS.  January 23, 2012. Ivan Plachkov, a deputy of Kiev City Council, has become the Chairman of the Supervisory Board of Kievenergo. The decision was made at the first meeting of the Supervisory Board, the new membership of which was elected by the company’s extraordinary General Meeting of Shareholders today. Apart from Ivan Plachkov, the following members have been elected to the Supervisory Board:  National Joint-Stock Company ‘Energy Company of Ukraine’, DTEK LLC, DTEK Holdings Ltd, DTEK Holdings B.V., DTEK Investments B.V.
 
‘We understand the importance of cooperation with Kiev’s community on the management of the capital city’s utility company. DTEK is ready to develop such a dialogue within the framework of Kievenergo’s Supervisory Board. Nowadays, Ivan Plachkov has become an independent member and the chairman of the Supervisory Board. He will represent the interests of Kiev City Council and Kiev City State Administration, and help us to find the right solutions for complicated issues. Ivan Plachkov is well aware of financial and operational issues of the company’s activities as well as challenges in energy sector. For near 25 years, Mr Plachkov has worked for the company, growing from an inspecting engineer to CEO; later he served twice as the Minister and knows the ins and outs of the executive apparatus as well as is familiar with the situation in Kiev. In his new office, he will be actively involved in the company’s large-scale modernization programme, which should make the company the role model for Ukraine’s power industry,’ says Maxim Timchenko, DTEK’s CEO.
 
‘I have decided to come back to my native company with only one objective in mind – to put in practice my developments of the last years on the reforming of Kiev’s electricity and heat supply system. Under preliminary estimates, within the next five years, at least, UAH 7bn needs to be invested to ensure reliable and quality services to Kiev dwellers.  Few investors are ready to risk such money to be paid back only in 15 to 20 years. I am sure that the new owner of the controlling stake in the capital city’s utility will be capable of providing financial, technical, and human resources to implement its strategic development plan to the benefit of city’s community. To achieve this goal, the understanding and support of the National Electricity Regulatory Commission, Kiev City State Administration, Kiev City Council and all Kiev citizens are essential’, says Ivan Plachkov.
 
The Supervisory Board of Kievenergo, consisting of 6 people, determines the company’s development strategy and provides an efficient control over financial and business activities. The Board is also set up to exercise and protect shareholders’ rights, resolve corporate conflict and supervise the efficiency of the company’s executive body represented by the CEO.
 
Reference
Ivan Plachkov was born on November 23, 1957, in the village of Krynychne, Bolgradskiy District, Odessa Region. In 1980, he graduated from Odessa Polytechnic Institute with the diploma of Heat Power Engineer.
 
From 1980 to February 1999, he grew from an inspecting engineer to the CEO of Kievenergo. From February to December 1999, he held the office of the Minister of Energy of Ukraine. Since January 2000 to February, he was the Chairman of the Board and CEO of Kievenergo. From February 2005 to August 2006, he was the Minister of Fuel and Energy of Ukraine.
 
From August 2006 to November 2007, he chaired Odessa Regional State Administration. He served as an advisor to the President of Ukraine and deputy head of the State Administration.
 
Since 2008, he has been a member of Vitaliy Klychko Bloc in Kiev City Council and since February 2011, a member of UDAR of Vitaliy Klychko party.
 
PhD in Technical Sciences (2005). Winner of Ukrainian State Prize in Science and Technology. Honourable Power Engineer of Ukraine (1996). Holder of the Order of Saint Prince Vladimir of IV degree (1999), Certificate of Merit of the Cabinet of Ministers of Ukraine (2000), the Order of Merit of IIІ degree (2004).