Panchenko served as head coach of the 4th juniors' games in Kramatorsk, Soviet Union, which include such chess champions as Alexey Dreev, Igor Khenkin, Ruslan Shcherbakov, Maxim Sorokin, and Mikhail Ulibin. He also headed the women’s Olympic team at the 30th Chess Olympiad. Panchenko authored the two-volume "Theory and Practice of Chess Endings", which is still used by grandmasters to this day, and "Mastering Chess Middlegames: Lectures from the All-Russian School of Grandmasters".