Murat Cinar takes over from Ivan Geliukh, who successfully updated the company's business strategy and organizational structure. Under Geliukh's leadership, DRI strengthened its management team and improved its business model with a clear focus on sustainable growth, profitability, and operational efficiency. These changes have solidified DRI's position as a key player in Europe's renewable energy sector, particularly in core markets like Croatia, Italy, Poland, and Romania.
Maksym Timchenko, Chairman of the DRI Supervisory Board, stated: "I am pleased to announce Murat Cinar's appointment as the new CEO of DRI and wish him all the best in this important role. Murat will play a key part in strengthening DRI and enhancing its position as an active participant in Europe's energy transition. I also want to express my gratitude to Ivan for his contributions to DRI’s strategy and the creation of a resilient business. I look forward to continuing to work with Ivan in his new capacity within the DTEK Group."
Murat Cinar, the new CEO of DRI, commented: "Leveraging my experience in growth strategies, mergers and acquisitions, and change management, I look forward to leading DRI into its next phase of development—executing our strategy to be an active player in Europe's renewable energy market. I am confident that DRI has a key role to play in supporting European countries in achieving crucial decarbonization goals, and I am excited to work with the DRI team to make these goals a reality."
With over 25 years of leadership experience in the telecommunications and technology sectors, Murat Cinar has held executive positions in more than 10 international markets, including Sweden, Turkey, Ukraine, and Qatar.
He began his career at Ericsson (1999–2010), where he led large-scale network deployment and operations management projects across various countries. He later served as Chief Technical Officer for Lifecell (2011–2015) in Ukraine, where he was responsible for major infrastructure investments and network expansion strategies. In 2015, he was appointed CEO of Vega Telecom Group (2015–2021)—a company within the SCM Group, which DTEK is also a part of—where he led organizational transformation, improved profitability, and finalized the sale of the company to Vodafone Ukraine. In 2021, he joined Korek Telecom as Chief Transformation Officer, and in 2022, he became CEO, ensuring strategic growth and operational excellence for 12 million customers.
About DTEK
The DTEK Group is the largest private investor in Ukraine’s energy sector, with 55,000 employees and over €12 billion in capital invested since 2005.
Since the start of the full-scale invasion of Ukraine in 2022, the DTEK Group has restored power to more than 17 million customers in war-affected regions.
The DTEK Group is 100% owned by SCM Holdings. The ultimate beneficial owner and sole shareholder is Rinat Akhmetov, a businessman and philanthropist.
