Edition:
India

Tofas Turk Otomobil Fabrikasi AS (TOASO.IS)

TOASO.IS on Istanbul Stock Exchange

23.86TRY
13 Nov 2019
Change (% chg)

-0.12TL (-0.50%)
Prev Close
23.98TL
Open
23.86TL
Day's High
23.98TL
Day's Low
23.60TL
Volume
889,617
Avg. Vol
1,206,669
52-wk High
25.84TL
52-wk Low
15.05TL

Summary

Name Age Since Current Position

Omer Koc

56 2016 Chairman of the Board

Cengiz Eroldu

2015 Board Member and Chief Executive Officer

Pietro Gorlier

Vice Chairman of the Board of Directors

Fabrizio Renzi

Chief Financial Officer, Finance Director

Omer Cetinoglu

2016 Information and Communication Technologies Director

Mahmut Karacan

2015 Sales Director

Ozgur Suslu

Marketing Director

Burhan Cakir

2004 Human Resources Director

Altan Aytac

49 2015 Fiat Business Unit Director

Arzu Colakoglu

47 2012 Corporate Communications Director

Vincenzo Cusolito

2017 R&D Director

Turker Gurtekin

2019 Business Development Director

Guray Karacar

2015 External Relations Director

Dogu Ozden

Financial Planning and Control Director

Yuksel Ozturk

51 2005 Purchasing Director

Sabri Polat

2019 Vehicle Engineering Director

Huseyin Sahin

49 2015 After Sales and Spare Parts Director

Sinan Saip Bel

Jeep Director of Lancia, Alfa Romeo

Zeki Simsek

54 Quality Director

Recep Temizesen

2015 Production Director

Onur Yalcin

2015 Supply Chain Director

Sinan Yildirim

Quality Director

Temel Atay

79 Board Member

Levent Cakiroglu

52 2015 Board Member

Ismail Cimen

52 2009 Board Member

Giorgio Fossati

2016 Board Member

Davide Mele

Member of the Board of Directors

Sergio Duca

72 Independent Board Member

Neslihan Tombul

Independent Board Member

Erman Tutuncuoglu

2018 Investor Relations Manager

Biographies

Name Description

Omer Koc

Mr. Omer Mehmet Koc is Chairman of the Board of Tofas Turkish Automobile Factory Co. Inc. He received his B.A. degree from Columbia University in 1985. He worked at Kofisa Trading for one year. He completed his MBA at Columbia University in 1989. After working at Ramerica International Inc., he joined Koç Group in 1990. He held various senior positions at Koç Holding including Finance Coordinator, Vice President and President of Energy Group. He became member of Board of Directors in 2004 and Vice Chairman in May 2008. In February 2016, he was appointed as the Chairman of Koç Holding. Ömer M. Koç has been serving as the Chairman of Tofas since 6 April 2016.

Cengiz Eroldu

Mr. Cengiz Eroldu is Board Member and Chief Executive Officer of Tofas Turkish Automobile Factory Co. Inc. He graduated from the Business Administration Faculty of Istanbul University and completed the MBA program at LUISS University (Italy). He began his career as an Audit Specialist at Koç Holding in 1989. He was appointed to the position of Assistant Accounting and Industrial Governance Manager for Tofas in 1995, working in the Accounting and Industrial Governance Department and the Budget and Governance Department from 2001 to 2008, and in the Finance Department between 2008 until 2015. Since 2015, he has been serving as Member of the Tofas Board of Directors and CEO.

Pietro Gorlier

Mr. Pietro Gorlier is Vice Chairman of the Board of Directors of the Company. He graduated from University of Turin with degrees in Economics and Business. Gorlier joined the Fiat Group as a Market Analyst in Iveco in 1989 and assumed various responsibilities in Logistics, After-Sales and Customer Services. Starting to work in Network Development at Fiat Group Automobiles in 2006, Gorlier later served at Fiat Group Automobiles S.p.A. and CNH Global N.V within Chrysler Group. Gorlier was appointed as the President and Chairman of the Executive Board of Chrysler Group LLC-MOPAR Brand Service, Parts and Customer Services in 2009 and as the Chief Operating Officer (COO) in 2015. Pietro Gorlier was appointed as the COO for Europe, Middle East and Africa Region in October 2018. He is a member of the Group Executive Council (GEC) and Global Head of Parts & Service (MOPAR) since 2011.

Fabrizio Renzi

Mr. Fabrizio Renzi is Chief Financial Officer, Finance Director of the Company. He received a degree in Business and Economics from Sapienza Università di Rome in Italy in 1992 and started his professional career as an accountant and tax advisor in 1992. Since 1998, Renzi has held various positions at Fiat Chrysler. After serving at various levels in Finance Department until 2013, he worked as CFO in Serbia FCA from 2014 until 2018 when he was appointed the Financial Director of Tofas.

Omer Cetinoglu

Mr. Omer Ozgur Cetinoglu is Information and Communication Technologies Director of Tofas Turkish Automobile Factory Co. Inc. He graduated from Bogaziçi University, Department of Computer Engineering in 1992. He began his professional career the same year as a Software Engineer at Koç Holding. Between 1997 and 2002, Mr. Çetinoglu worked as Business Development Manager at Koç Holding Consumer Products Group; in 2002, he was appointed Information Systems Manager at Beko Elektronik. From 2007 to 2016, he assumed several roles at Koç Sistem, including Consulting Group Manager, Business Solutions Director, Business Applications and R&D Director, respectively. In July 2016, Mr. Çetinoglu was appointed Information and Communication Technologies Director at Tofas.

Mahmut Karacan

Mr. Mahmut Karacan is Sales Director of Tofas Turkish Automobile Factory Co. Inc. He graduated from Çukurova University, Department of Business Administration. He started his professional career as Logistics Expert at Çitasad A.S. in 1995; from 1996 to 2000, he was responsible for sales and marketing there. In 1997, he raced in the “Good Year Off-Road Cup.” Between 2000 and 2012, he was responsible for Sales Marketing operations at DaimlerChrysler. From 2000 to 2012, he was responsible for Sales and Purchasing at Daimler Chrysler; he founded Chrysler, Jeep Dodge Academy in 2003. He served as Sales and After Sales Services Business Unit Director for Lancia, Alfa Romeo and Jeep brands between 2013 and 2015. Mahmut Karacan was appointed Sales Director in 2015.

Ozgur Suslu

Mr. Ozgur Suslu is Marketing Director of the Company. He graduated from Bogaziçi University, Mechanical Engineering Department. He started his professional career in Italy at Fiat Group Manager Training program. Süslü worked in product development and product manager positions in Tofas between 2002-2006 and involved in the development of products such as Linea, Doblò and Fiorino. Özgür Süslü undertook the role of Marketing Director of Fiat Light Commercial Vehicles between 2006-2010. He worked as the Director of Fiat Marketing at Tofas between 2010 and 2016 and as Egea / Tipo Marketing Director in EMEA (Europe, Middle East and Africa) region in Fiat Chrysler Automobiles. In 2017 he worked as Pricing Director of Fiat, Abarth and Lancia brands. In 2018 Özgür Süslü was appointed as Fiat Marketing Director in Tofas.

Burhan Cakir

Mr. Burhan Cakir is Human Resources Director of Tofas Turkish Automobile Factory Co. Inc., since 2004. He graduated from Middle East Technical University, Department of Mechanical Engineering in 1986. He began his career in 1989 as an Engineer in Pressing Production at Tofas. From 1993 to 2004, he served as Press Workshop Manager, Body Production Unit Manager, Part Export Department Manager and Industrial Control Manager. Burhan Çakir has served as Human Resources Director at Tofas since 2004.

Altan Aytac

Mr. Altan Aytac is Fiat Business Unit Director of Tofas Turkish Automobile Factory Co. Inc. He graduated from the Industrial Engineering Department of Bogaziçi University in 1992. He began his professional career at Tofas Auto Trading where he was involved in setting up the first logistics department in the area of commerce. He completed the EMBA program at Koç University in 1997. The same year, he became Manager of the CBU Logistics Department. After completing the production integration and simplification projects in the area of outbound logistics, Mr. Aytaç was appointed Commercial Projects Coordinator in 2003, Fiat Brand Manager in 2004, and Business Unit Director Turkey for the Alfa Romeo and Lancia brands in 2006. He rose to the position of Tofa? Supply Chain Director in 2008, and After Sales and Spare Parts Director in January 2015. Altan Aytaç has served as Fiat Business Unit Director since August 2015.

Arzu Colakoglu

Ms. Arzu Colakoglu is Corporate Communications Director of Tofas Turkish Automobile Factory Co. Inc. She holds a degree in Economics (English) from Istanbul University. She began her professional career as a planning specialist at Dogus Automotive Service and Trading in 1995. Between 1998 and 2003, she served as Planning and Logistics Manager and VW Commercial Vehicle Marketing Manager. From 2003 to 2004, she took on the duty of Regional Director at Dogus Auto Marketing. Appointed Alfa Romeo Brand Manager at Tofas in 2005, she continued as Business Unit Director of Alfa Romeo and Lancia in 2008. Since 2012, Arzu Çolakoglu has served as Corporate Communications Director at Tofas.

Vincenzo Cusolito

Mr. Vincenzo Cusolito is R&D Director of the Company. He graduated from Padua University (Italy) in 1996 as a mechanical engineer. He started his career at Fiat, where he worked as a shift manager in the Metal Stamping Workshop and a market analyst in the Purchasing Department. Appointed as model responsible for the New Palio and Grand Siena in 2006, Mr. Cusolito worked for FIASA until the launch of Palio, which was named car of the year in Brazil at the time. Having returned to Italy in 2011 to work as Model Responsible for Egea Family, he was later assigned as Head of Chassis and Vehicle Dynamics for EMEA. Cusolito joined Tofas as R&D Director in April 2017.

Turker Gurtekin

Mr. Turker Gurtekin is Business Development Director of Tofas Turkish Automobile Factory Co. Inc. He received his Bachelor’s degree in Mechanical Engineering from Istanbul Technical University in 1997 and his MBA from Bogaziçi University. He started his professional career at Tofas as After Sales Processes and Warranty Specialist in 2001, where he later served as Foreign Markets Management Executive. Subsequently, he worked as Sales Manager and then as Marketing and Sales Manager at Koç Fiat Kredi. He was Lancia, Alfa Romeo, Jeep® Sales Manager from 2012 to 2013. Türker Gürtekin served as the General Manager of Koç Fiat Kredi between 2013 and 2015, when he became Lancia, Alfa Romeo, Jeep® Director. He was appointed Business Development Director in 2017.

Guray Karacar

Mr. Guray Karacar is External Relations Director of Tofas Turkish Automobile Factory Co. Inc. He graduated from Marmara University, Faculty of Communication in 1998. After working in the tourism, media and communications industries, he was appointed Secretary General of the Corporate Governance Association of Turkey in 2003. During the same period, he also served as Resident Coordinator for the United Nations Development Program and Member of the Executive Board of the Center for International Private Enterprise. In June 2016, Güray Karacar was appointed External Relations Director at Tofas.

Dogu Ozden

Mr. Dogu Ozden is Financial Planning and Control Director of the Company. He graduated from Bogaziçi University, Department of Economics, completed the MBA program at Koç University and the London School of Economics Strategy Certificate Program. He began his professional career as an Audit and Financial Group Manager at Koç Holding in 2001. He worked as an Audit Assistant between 2002 and 2003, a Financial Specialist between 2004 and 2005, a Senior Audit Specialist between 2005 and 2008. From 2010 to 2017, he took on the duty of Accounting Manager and 2017 to 2018 Financial Planning and Control Manager at Tofas. In 2018, Dogu Özden was appointed Financial Planning and Control Director at Tofas.

Yuksel Ozturk

Mr. Yuksel Ozturk is Purchasing Director of Tofas Turkish Automobile Factory Co. Inc. He graduated from Uludag University, Mechanical Engineering Department in 1991. He began his professional career as Product Development Engineer at Tofas in 1993. Between 2001 and 2005, he was appointed Direct Material Electrical Manager and Direct Material Electrical Manager. Since 2005, Yüksel Öztürk has been serving as Purchasing Director.

Sabri Polat

Mr. Sabri Erkan Polat is Vehicle Engineering Director of Tofas Turkish Automobile Factory Co. Inc. He graduated from Istanbul Technical University, Department of Mechanical Engineering in 1986. Between 1987 and 1989, he attended the Master’s Program at the University of Manchester in the U.K. and earned his Master’s Degree. Mr. Polat began his professional career as Design Engineer at Etibank Aluminum Enterprises in 1989. In 1992, he began working at Tofas as Press Method Engineer. From 1999 to 2004, he served as Press Engineering Administrator and then Die and Press Business Development Manager, respectively. In 2006, he was appointed Die Production Manager, and from 2010 to 2013, he served as Die&Press Production Manager. Between 2013 and 2015, he worked as R&D Body Design Manager, and later as Egea Hatchback Model Manager from 2015 to 2016. Mr. Polat was appointed Product Engineering Director in 2016. Since 2018 Mr. Polat serves as Vehicle Engineering Director.

Huseyin Sahin

Mr. Huseyin Sahin is After Sales and Spare Parts Director of Tofas Turkish Automobile Factory Co. Inc. He received his Bachelor’s degree in Public Administration from Uludag University in 1990. He started his professional career as Project Manager at Efthor in 1996. He served as Human Resources Expert at Fruehauf from 1997, becoming the Human Resources Manager in 1999. He joined Otokoç as Human Resources Manager in 2001; between 2003 and 2005, he served as the Antalya Branch Manager and Birmot Zincirlikuyu Branch Manager of Otokoç. From 2005 to 2011, he was the Birmot Assistant Operational General Manager. After serving as Sales Director at Tofas between 2011 and 2015, Hüseyin Sahin was appointed After Sales and Spare Parts Director in July 2015.

Sinan Saip Bel

Mr. Sinan Saip Bel is Jeep Director of Lancia, Alfa Romeo of the Company. He graduated from Middle East Technical University, Department of Mechanical Engineering in 1997. He began his career in 1999 as Aegean Region Bulk LPG Sales Representative at Aygaz, and became Bulk LPG Marketing Representative in 2002. He served as Service Advisor at Borusan Oto between 2003-2004, as After-Sales Area Chief at Dogus Otomotiv between 2004-2005, and as After-Sales Manager at Dogus Oto between 2005-2008. In 2009 he joined Fer Mas A.S., a Tofas subsidiary, as Service Manager. In 2014 he became Fer Mas Company Manager in 2014, and in 2017 in addition to this title he was appointed Alfa Romeo and Jeep Director as well. He is also a board member at Fer Mas A.S.

Zeki Simsek

Mr. Zeki Erdal Simsek is Quality Director of Tofas Turkish Automobile Factory Co. Inc. He graduated from Istanbul Technical University, Aeronautics and Space Sciences Department in 1987 and completed the MBA program at Istanbul University in 1989. In 1990, he began his professional career as a Project Engineer at Tofas; after 11 years of service, he was appointed Plant Manager at the Fiat automobile plant in Cairo. Returning to Tofas in 2003, Zeki Erdal Simsek served as a manager in different departments before becoming Quality Director. He has been the Factory Director since April 2017.

Recep Temizesen

Mr. Recep Temizesen is Production Director of Tofas Turkish Automobile Factory Co. Inc. He obtained his Bachelor’s degree in Mechanical Engineering from Middle East Technical University in 1988. He started his professional career at Çimhol A.S. in 1988, where he worked as Project Engineer until 1991. He joined Tofas in 1992 as a Press Method Engineer, subsequently serving as Press Shop Process Section Manager, Press Shop Engineering and Technology Manager, Press Shop Manager and Assembly Shop Manager from 1999 to 2015. Recep Temizesen has served as Production Director since January 2015.

Onur Yalcin

Mr. Onur Yalcin is Supply Chain Director of Tofas Turkish Automobile Factory Co. Inc., since January 2015. He undergraduate degree in Industrial Engineering from Middle East Technical University in 1991 and his Master’s degree in Operational and Industrial Engineering from Iowa State University (USA) in 1993. Since joining Tofa? as an Industrial Engineering Specialist in 1993, he has served as Production Planning Administrator, Parts Exports Manager, Order Manager, CBU Logistics Manager and Outbound Logistics Manager. Onur Yalçin was appointed Supply Chain Director in January 2015.

Sinan Yildirim

Mr. Sinan Yildirim is Quality Director of the Company. He graduated from the Middle East Technical University as a mechanical engineer in 1988 and started his career at BOTAS. He joined Tofas in 1990 where he first worked as an engine engineer in Method Mechanical unit and then as an engine specialist in the R&D Department, followed by an assignment in Italy for the new engine project. Appointed as head of engineering to the Transmission Parts Manufacturing Unit, Mr. Yildirim joined Fiat GM Powertrain in 2001, where he worked until 2007. Having rejoined Tofas at the end of 207 as Product Quality Manager, he completed his MBA at Bilgi University in 2008. Appointed as Manufacturing Technology Manager in 2010, Sinan Yildirim has been serving as Quality Director since 2017.

Temel Atay

Mr. Temel Kamil Atay is Board Member of Tofas Turkish Automobile Factory Co. Inc. He graduate of Mechanical Engineering from Istanbul Technical University, he holds an MBA degree from Wayne State University. He joined Koç Group in 1966 and later served as the General Manager of Otoyol Sanayi A.S. and Tofas Türk Otomobil Fabrikasi A.S. After working in various senior management posts at Koç Holding, he served as the CEO between 2000 and 2001. Temel Kamil Atay has been a member of Koç Holding Board of Directors since 1996.

Levent Cakiroglu

Mr. Levent Cakiroglu is Board Member of Tofas Turkish Automobile Factory Co. Inc. He graduated from Ankara University, Faculty of Political Sciences, Department of Business Administration. He earned a Master’s degree at the University of Illinois. Mr. Çakiroglu began his professional career as an Auditor at the Ministry of Finance in 1988. From 1997 to 1998, he taught as a part-time instructor at Bilkent University, and served as Vice President of the Financial Crimes Investigation Board at the Ministry of Finance. He joined Koç Holding in 1998 as Financial Coordinator. Subsequently, he served as the General Manager of Koçtas (2002-2007), General Manager of Migros (2007-2008), General Manager of Arçelik (2008-2015), and President of the Consumer Durables Group at Koç Holding (2010-2015). In February 2015, Mr. Çakiroglu was appointed Deputy Chief Executive Officer of Koç Holding, and he has been the Chief Executive Officer of Koç Holding since April 2015. He has been a member of Koç Holding Board of Directors since 2016.

Ismail Cimen

Mr. Ismail Cenk Cimen is Board Member of Tofas Turkish Automobile Factory Co. Inc. He holds a degree in Industrial Engineering from Istanbul Technical University; in addition, he completed Executive Development Programs at Stanford University (USA) and University of California – Los Angeles (USA). He joined Koç Group in 1991 as a Management Trainee at Nasoto. He assumed Sales Coordinator, Regional Manager and Import Manager responsibilities at Otosan Pazarlama between 1993 and 1996. He served as Fleet Sales Manager at Ford Otosan from 1996 to 1998 and became the General Manager of Otokoç Ankara in 1998. In 2001, he was appointed General Manager of the companies merged under Otokoç. In 2005, his responsibility was extended to include the General Manager role at Birmot A.S., while also assuming responsibility for Avis car rental. He has served as the President of Automotive Group at Koç Holding since June 2009.

Giorgio Fossati

Mr. Giorgio Fossati is Board Member of Tofas Turkish Automobile Factory Co. Inc. He holds a degree in law from the University of Turin (Italy). He started his professional career in the Legal Department at Iveco S.p.A. in 1988 and joined Fiat S.p.A. in 1999 as a member of the legal staff. He became General Counsel of FCA Italy S.p.A. in 2002. He has served as the General Counsel for FCA EMEA Region and as Corporate General Counsel for Fiat Chrysler Automobiles N.V. since 2011. Mr. Fossati is a member of the Boards of Directors of FCA US LLC, FCA Italy S.p.A., Teksid S.p.A., Fiat Chrysler Finance S.p.A., Fidis S.p.A., FCA Partecipazioni S.p.A., Fiat Chrysler Risk Management S.p.A. and Abarth & C. S.p.A. In addition, he is a member of the Executive Committee of FCA Poland S.A.

Davide Mele

Mr. Davide Mele is Member of the Board of Directors of the Company. He graduated from Polytechnic University of Turin with a degree in Engineering. Mele joined the Fiat Group as a Senior Auditor at Fiat Revi S.r.l in 2001 and later assumed various posts as the Financial Controller responsible for financial management of all aspects of the Fiat Auto-Ford partnership agreement as part of the Audit Department and as Project Controller. In 2013, he was appointed as the Head of Financial Planning and Analysis at Fiat S.p.A. and assumed responsibilities of financial planning, budgeting and corporate level reporting and analysis for both Chrysler LLC and Fiat S.p.A. Mele has been serving in various significant roles in the Group, including his appointment as the FCA Group Head of Audit of Passenger Cars in 2016 and Latin America Chief Operating Officer (COO) in 2017. Davide Mele has been assigned as Deputy Chief Operating Officer for the EMEA Region in April 2018.

Sergio Duca

Mr. Sergio Duca is Independent Board Member of the Company. He graduated with honors in Economics and Business from Bocconi University in Milan. As a certified chartered accountant and auditor, he acquired broad experience through the PricewaterhouseCoopers network as the external auditor of a number of significant Italian companies. From 1997 until July 2007, Mr. Duca was the Chairman of PricewaterhouseCoopers S.p.A. In addition, he has previously served as Chairman of the Board of Auditors of the Silvio Tronchetti Provera Foundation, Chairman of the Board of Auditors of the Compagnia di San Paolo until May 2016, member of the Edison Foundation’s Advisory Board and the University Bocconi in Milan’s Development Committee, as well as Chairman of the Bocconi’s Alumni Association’s Board of Auditors and a member of the Board of Auditors of the ANDAF (Italian Association of Chief Financial Officers). Mr. Duca has previously served as Chairman of the Board of Directors of Orizzonte SGR S.p.A. from 2008 until 2016, Chairman of the Board of Statutory Auditors of Exor S.p.A. until May 2015, Chairman of the Board of Statutory Auditors of GTech until April 2015, Chairman of the Board of Statutory Auditors of Tosetti Value SIM and an Independent Director of Sella Gestione SGR until April 2010. Sergio Duca is the Chairman of the Board of Statutory Auditors of Enel S.p.A. since April 2010. He also serves as Chairman of the Board of Auditors of Compagnia di San Paolo School Foundation and ISPI (Italian Institute for International Political Studies) and Member of the Board of Auditors of Intesa San Paolo Onlus Foundation.

Neslihan Tombul

Ms. Neslihan Tombul is Independent Board Member of the Company. She graduated with a high degree from the Economics and Political Science department of Rutgers University in 1981, Neslihan Tonbul completed her postgraduate study on International Finances and Economic Development at The Fletcher School of Law and Diplomacy - Tufts University. Appointed to the senior executive positions at New York, London and Istanbul agencies of various international finance institutions (The Irving Trust Company, The Bank of New York and BNY Mellon) from 1983 to 2008, she was appointed as regional manager overseeing a region that includes the Middle East, Africa, Eastern Europe and Turkey. Serving as board member to the prominent Turkish holdings since 2008, Neslihan Tonbul is a board member of Tofas, Petkim, Alarko Holding and Vakifbank International. Gaining expertise in the Management of Family Companies by studying at the Harvard Business School with CFEG, Tonbul has been teaching “Management of Family Companies” at the Faculty of Economics and Administrative Sciences of Koç University since 2017.

Erman Tutuncuoglu