DRI, the EU renewables arm of Ukrainian energy company DTEK, has appointed Ivan Geliukh as its new chief executive officer.
Geliukh takes over from John Stuart, who led DRI for nearly three years and helped boost its growth 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.
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.”
New chief executive officer Geliukh 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 significant 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 chief executive officer since 2022.
Stuart added: “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.”