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Zorlu Enerji Elektrik Uretim AS (ZOREN.IS)

ZOREN.IS on Istanbul Stock Exchange

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24 Jun 2019
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Summary

Name Age Since Current Position

Ahmet Zorlu

75 Chairman of the Board

Omer Yungul

64 2013 Chief Executive Officer

Zeki Zorlu

80 Non-Executive Chairman of the Board

Bekir Koksal

52 Member of the Board

Turan Erdogan

64 Chief Executive Officer, Vestel Group

Orhan Yilmaz

59 2017 Mining Group President

Murat Zeren

Chief Information Officer

Burak Okay

52 2007 Non-Executive Member of the Board

Asli Alemdaroglu

2014 Corporate Communications General Manager

Billur Atan

Audit General Manager

Ayse Buyukpinar

Jules Verne General Manager

Gurkan Karacay

55 2016 Zorlu Air General Manager

Fikret Ozdemir

60 Zorlu Faktoring General Manager

Arzu Piskinoglu

Internal Control General Manager

Necmi Kavusturan

63 2003 Human Resources Group Head

Ibrahim Ak

48 2012 General Manager

Necat Altin

53 Zorlu Textiles Group Head

Mesut Pektas

66 2009 Zorlu Real Estate Group Head

Mehmet Zorlu

35 Board Member

Olgun Zorlu

54 Non-Executive Member of the Board

Selen Zorlu Melik

44 2013 Member of the Board

Biographies

Name Description

Ahmet Zorlu

Mr. Ahmet Nazif Zorlu serves as Chairman of the Board of Zorlu Energy Electricity Generation Co. Inc. Ahmet Zorlu started his business life at an early age working in textiles, his father’s profession. A textile trade in the store he opened in Trabzon in the early years of his business life grew to become the foundations of Zorlu Holding after Ahmet Zorlu relocated the company headquarters in Istanbul in 1970. Establishing Korteks, his first manufacturing company, in 1976, Ahmet Zorlu gathered all of his companies under the roof of Zorlu Holding in 1990. Adding the Vestel brand to Zorlu Holding in 1994, he opened the door to new lines of business. Zorlu’s entrepreneurialism which began with textile industry went on to manifest itself in more companies operating in highly diverse fields such as white goods, electronics, property development, energy, metallurgy, and defense. With a keen interest in civil society work, Ahmet Zorlu holds memberships in the Board of Directors of the Foreign Economic Relations Board (DEIK), the Turkish Industry and Business Association (TÜSIAD), the Education and Culture Foundation of the Society of Denizli (DENBIR), the Babadag Industry and Business Association (BASIAD), and the Turkish Home Textiles Industry and Business Association (TETSIAD). Ahmet Zorlu conducts his social responsibility work through the Mehmet Zorlu Education, Health, Culture, and Solidarity Foundation (MZV) he founded in 1999 which has given scholarships to a large number of students and had many schools built. Ahmet Zorlu attaches a great deal of importance to the social efforts intended to boost the Turkish business world’s effectiveness abroad. He was awarded the Royal Spanish Order of Civil Merit by King Juan Carlos I of Spain in 2007 for his endeavors to develop and consolidate relations between Spain and Turkey.

Omer Yungul

Mr. Omer Yungul has served as Chief Executive Officer of Zorlu Energy Electricity Generation Co. Inc. since 2013. He finished the Bogazici Universitesi’s Department of Mechanical Engineering (Bachelors) in 1978. Kicking off his career at the construction company Tekfen Insaat, Yungul filled various managerial posts in Metas, Faz Elektrik, and Merloni Elettrodomestici. Joining Zorlu Holding as the General Manager of Vestel Beyaz Esya, a white goods manufacturer, in 1997, Yungul became Chairman of the Vestel Executive Board in 2000. Following a successful 15 years in Vestel management, Yungul became the first CEO of Zorlu Holding in 2013.

Zeki Zorlu

Mr. Zeki Zorlu serves as Vice Chairman of the Board of Zorlu Energy Electricity Generation Co. Inc. Zeki Zorlu carried the profession of weaving he had taken up as a child over to the realm of commerce with the first store the family opened in Trabzon. Adding manufacturing to their list of operations following the company headquarters’ relocation in Istanbul in 1970, Zeki Zorlu laid the foundations of Korteks in Bursa in 1976. Establishing Zorlu Holding together with his brother Ahmet Zorlu and making Vestel a part of it in 1994, Zeki Zorlu played a key role in the establishment and acquisition of numerous companies in the industries of energy, tourism, and property development. In addition to his current status as the Vice Chairman of Zorlu Holding, Zeki Zorlu chairs various group companies in the industries of textile, energy, and property development. Actively engaged in the work of non-governmental organizations, Zeki Zorlu is the Vice Chairman of the Textile Industry Assembly of the Union of Chambers and Commodity Exchanges of Turkey (TOBB). Having served two years on the Board of Directors of the Bursa Industry and Business Association (BUSIAD), Zeki Zorlu is a member of the International Patent Cooperation Union, the Bursa Disaster Association (BURAD), the Foundation for the Empowerment of the Uludag University, the Turkish Society for Quality (KALDER), the Association of Artificial Synthetic Fiber Manufacturers (SUSEB), the Bursa Research Foundation, and the Association for International Competition and Technology.

Bekir Koksal

Mr. Bekir Cem Koksal has served as Financial Affairs Group Head of Zorlu Energy Electricity Generation Co. Inc. since 2002. Cem Koksal graduated from the Mechanical Engineering Department (Bachelors) of Bogazici Universitesi in 1988. Following post-graduate work in Bilkent University (Masters 1990), he filled posts at various levels in Interbank from 1990-1997 and in Denizbank from 1997-2002. Koksal has been the Financial Affairs Group Head in Zorlu Holding since 2002.

Turan Erdogan

Mr. Turan Erdogan serves as Chief Executive Officer, Vestel Group within Zorlu Energy Electricity Generation Co. Inc. Turan Erdogan graduated from the Mechanical Engineering Department of Istanbul Teknik Universitesi (Istanbul Technical University) in 1976. Following graduate studies at Brunel University in the UK in 1979, Erdogan returned to Turkey where he did managerial jobs in various companies in the private sector. He has been Chairman of the Executive Board of the Vestel Group of Companies since 1 January 2013. Heading TURKTRADE from 2002-2006, Erdogan is the first Turkish board member to serve on DIGITALEUROPE, the largest ICT confederation in Europe. He has been serving in this post since 2010.

Orhan Yilmaz

Mr. Orhan Yilmaz has served as Mining Group President within Zorlu Energy Electricity Generation Co. Inc. since January 2017. He graduated from the Chemical Engineering Department of Gazi Universitesi in 1984. After completing his post-graduate and graduate studies in the same University, Yilmaz started his career as an engineer at the boron and acid factories of Etibank in 1986. He worked as chief engineer, principal engineer and organization manager in the same company before assuming the post of deputy manager in 2003. And in 2004, Yilmaz was appointed as General Manager and at the same time Chairman of Eti Maden, the biggest mining corporation of Turkey, which positions he maintained until 2015. Yilmaz worked as Counselor at the Ministry of Energy and Natural Resources between 2015 and 2017, and was appointed as Zorlu Mining Group President on January 2017.

Murat Zeren

Mr. Murat Zeren serves as Chief Information Officer of Zorlu Energy Electricity Generation Co. Inc. Following Bachelor of Science and Master of Science studies in Bilkent University’s Electrical/Electronic Engineering Department, Murat Zeren did his PhD in the Ohio State University in the USA. Heading R&D and software teams in Alcatel Teletas, Telsim, and Oksijen Teknoloji upon returning to Turkey, Zeren ventured into the academic world as an Assistant Professor at the Computer Engineering Department of Bogazici University from 2002 to 2004 during which period he served as arbitrator and consultant on the projects of the Scientific and Technological Research Council of Turkey (TUBITAK). Having occupied managerial positions at various levels with the Ulker Group, Argela Teknoloji, and Turk Telekom, Zeren had been working as Technology Group Head in Dogan Online before joining Zorlu Holding.

Burak Okay

Mr. Burak Ismail Okay serves as Chief Legal Officer of Zorlu Energy Electricity Generation Co. Inc. He completed his middle school and high school education at TED Ankara College before graduating from Ankara Universitesi Law Faculty in 1990. Okay completed International Law Program in New York and started working as a lawyer at the Legal Consultancy Department of Turkiye Is Bankasi (Isbank). He then worked as Associate Counsel at Garanti Bankasi (Garanti Bank), as Legal Consultant at MNG Bank, as Legal Affairs Director at Nortel Networks Netas, and as partner at Bener Law Office. Okay joined Zorlu Group in 2006 and restructured the Holding’s Law Department which serves all companies of the Holding. In addition to his position as the President of the Law Group, he has also been a board member at Zorlu Enerji since 2007.

Asli Alemdaroglu

Ms. Asli Alemdaroglu has served as Corporate Communications General Manager of Zorlu Energy Electricity Generation Co. Inc. since 2014. Graduating from Bogazici Universitesi’s English Literature Department in 1988 after finishing Robert College of Istanbul, Asli received an Advertising and Communication diploma from Watford College of Technology. Embarking upon her professional life as an account representative at Guzel Sanatlar (S&S) Advertising Agency in 1989, she worked as a faculty member in Marmara University’s English Language Department from 1991 to 1993. Hired by the Saatchi&Saatchi agency as an account executive in 1994, Alemdaroglu served as the agency’s Advertising Manager until 2000. She then worked for Pamukbank as the Advertising and Public Relations Manager from 2000-2002 before moving on to become the Advertising Manager for Aria, Turkey’s third GSM operator. This was followed by assignments as the Corporate Communication Director of Arçelik from 2004-2009, Group Manager in charge of Corporate Communication of ING Bank from 2009-2011, and Corporate Communication Director of Yildiz Holding in 2012. Alemdaroglu became Corporate Communications General Manager of Zorlu Holding in 2014.

Billur Atan

Ms. Billur Demet Atan serves as Audit General Manager of Zorlu Energy Electricity Generation Co. Inc. Graduating from Istanbul Universitesi’s Faculty of Business Administration in 1986, Billur Demet Atan received her MA in international management from the same department in 1988 before she started working for Ernst&Young as a freelance auditor. Employed in Ernst&Young’s Chicago office in 1995 and 1996, Atan became an audit partner in 1998. Assigned as Ernst&Young Turkey’s Country Independence Leader from 2000-2012, she joined Zorlu Holding in 2013 to oversee the holding’s work on internal audits, tax audits, and financial audits. Atan, an English speaker, is a member of the Certified Public Accountants Association of Turkey, the Istanbul Chamber of Freelance Accountants and Financial Advisors, and the Turkish Internal Audit Institute.

Ayse Buyukpinar

Ms. Ayse Yagci Buyukpinar serves as Jules Verne General Manager of Zorlu Energy Electricity Generation Co. Inc. Receiving her BS from the Electronics Department of Bogazici Universitesi after finishing Besiktas Anatolian High School, Ayse Yagci launched her career in tourism industry. After spending some time as a professional, she became a founding partner and manager of Jules Verne Travel&Event in 1998, a position she held until 2004. Under her leadership, backed with 20 years of experience in various fields of tourism industry, Jules Verne Travel&Event joined Zorlu Holding in 2004. Yagci, who writes articles on tourism and travel for numerous newspapers and magazines, is also engaged in civil society efforts through her chairmanship of the E-Travel Committee of the Association of Turkish Travel Agencies (TURSAB) and her membership in the Tourism Working Group of the Turkish Industry and Business Association (TUSIAD).

Gurkan Karacay

Mr. Gurkan Karacay has served as Zorlu Air General Manager of Zorlu Energy Electricity Generation Co. Inc. since January 1, 2016. Respectively graduated from Bursa Isiklar Military High School in 1982, Ankara Military Academy (Kara Harp Okulu) in 1986, Polatli Artillery and Missile School in 1987, and The Army Aviation School in Ankara in 1989. He successfully completed Helicopter Flight Instructor Training in 1994, Helicopter Examiner Training in 2000, and Airplane Flight Training in 2004. He worked as a flight instructor The Army Aviation School in Ankara. Later on worked as a pilot, headquarters officer, examiner pilot, fleet commander, and battalion commander in Ankara, Malatya, and Izmir. He retired voluntarily as a lieutenant colonel from the Turkish Armed Forces in 2007. He started his civil aviation career as a captain pilot in Halikarnas Aviation Inc. in 2008. Respectively worked between the years 2008-2009 as a captain pilot in Halikarnas Aviation Inc., between the years 2009-2013 as a captain pilot, flight Instructor, examiner pilot, training manager and flight operations manager in Sancak Airlines Inc. He joined Zorlu Aviation Inc. in 2013. Between the years 2013-2014 he served as a ground operations manager. On January 1, 2016 Zorlu appointed him as General Manager of Zorlu Air.

Fikret Ozdemir

Mr. Fikret Utku Ozdemir serves as Zorlu Faktoring General Manager of Zorlu Energy Electricity Generation Co. Inc. Fikret Ozdemir graduated from Ataturk Universitesi’s Faculty of Business Administration in 1980. Starting his working life as an Assistant Auditor with the Audit Board of Pamukbank in 1981, Ozdemir joined the Zorlu Group as Manager of Denizbank’s Izmir Branch in 1997 quitting his post as Pamukbank’s Izmir Branch Manager. He was subsequently assigned as Regional Director for the Aegean, General Manager of Tarisbank, Deputy General Manager in charge of Corporate Marketing, and General Manager of Deniz Faktoring as well as CEO of Timur Holding for one year. Reuniting with the Zorlu Holding family in the beginning of 2012, Ozdemir supervised the establishment of Zorlu Faktoring.

Arzu Piskinoglu

Ms. Arzu Piskinoglu serves as Internal Control General Manager of Zorlu Energy Electricity Generation Co. Inc. After graduating from Uskudar American Academy, Arzu completed her undergraduate study at the Economy Department of Bogazici Universitesi before starting her Professional career as an independent auditor at Ernst & Young. Piskinoglu then worked as Quality Assurance Department manager at Citibank Retail Banking and she was assigned as manager at Ernst & Young’s Consultancy Department. In this position, Piskinoglu gave consultancy service to many domestic and foreign companies engaged in diverse fields on many subjects including internal control, process development, risk management, internal audit, harmonization and financial transformation and became Consultancy Department Partner in charge of Risk Services in 2007. Piskinoglu joined Zorlu Holding in 2016. Piskinoglu conducts the Holding’s activities on the subjects of internal control, process risk management and process development. She has many domestic and international certificates including Independent Accountant and Financial Advisor, Certified Internal Accountant (CIA), Certified in Risk Management Assurance (CRMA), Certified Internal Control Auditor (CICA).

Necmi Kavusturan

Mr. Necmi Kavusturan has served as Human Resources Group Head of Zorlu Energy Electricity Generation Co. Inc. since 2003. Necmi Kavusturan finished Istanbul High School followed by Ankara Universitesi’s Faculty of Political Science 1979. Embarking upon his career as a specialist with the Is Bank of Turkey in 1979, Kavusturan became Deputy General Manager of Interbank in 1985, supervising projects involving management trainee programs, open performance systems, and total quality management. From 1997 to 2003, he served as Denizbank’s Deputy General Manager in charge of Management Services, running the bank’s advertising, public relations, construction, and purchasing departments. Since 2003, Kavusturan has been working for Zorlu Holding as Human Resources Group Head and filling a member’s seat on the Executive Board of the Vestel Group of Companies and the Board of Directors of Zorlu Property.

Ibrahim Ak

Mr. Ibrahim Sinan Ak has served as Zorlu Energy Group Head of Zorlu Energy Electricity Generation Co. Inc. since December 2016. Sinan Ak graduated from the Department of Business Engineering at Istanbul Teknik Universitesi (Istanbul Technical University) in 1995 and received his master’s degree in business administration from Old Dominion University in the United States. He began his career as an investment specialist at Evgin Yatirim Menkul Degerler, a brokerage firm, in 1995 and joined Zorlu Group in 2000, where he served as the finance chief at Vestel Komunikasyon until 2002 and as finance manager at Vestel Beyaz Esya between 2002-2006. Mr. Ak joined Zorlu Energy Group in 2006 and served as the Assistant General Manager responsible for Financial Affairs at Zorlu Enerji until January 2012, when he was appointed as the Company’s General Manager and also served as the General Manager of two other Zorlu Energy Group companies: Zorlu O&M Enerji Tesisleri Isletme ve Bakim Hizmetleri AS and Zorlu Endustriyel ve Enerji Tesisleri Insaat Ticaret AS. Sinan Ak, was appointed as Sector Head of the Zorlu Energy Group in December 2016.

Necat Altin

Mr. Necat Altin serves as Zorlu Textiles Group Head of Zorlu Energy Electricity Generation Co. Inc. Necat Altin graduated from Textile Engineering Department of Uludag Universitesi in 1987. Altin started his career at a Zorlu Holding company, Korteks A.S., in 1992. Necat Altin took part in world’s largest polyester yarn production facilities as the Project Coordinator and fulfilled a highly important function for the timely completion of the project. After working as Deputy General Manager in charge of production between 1999 and 2004, Necat Altin was then appointed as General Manager of Korteks in 2004. Altin, who worked as Vice President of Zorlu Holding Textile Group since 2016, has become Zorlu Holding Textile Group President as of 01.01.2018. Altin was board member at several nongovernmental organizations like Turkish Synthetic Yarn Producers Union and Bursa Organized Industrial Zone Industrialists and Businessmen Association (BOSIAD), and he has been acting as the Board Chairman of the European Man-Made Fiber Association, one of the world’s leading man-made and synthetic yarn platforms since November 2017.

Mesut Pektas

Mr. Mesut Pektas has served as Zorlu Real Estate Group Head of Zorlu Energy Electricity Generation Co. Inc. since July 2009. Mesut Pektas graduated from Middle East Technical University’s Department of Economics and Statistics before receiving a Master’s Degree in Money, Banking, and Finance in Northeastern University, Boston. Starting to work for the government in 1979, Pektas was assigned successively as Assistant Auditor, Auditor, and Chief Auditor on the Finance Ministry’s Audit Board before transferring to the private sector in 1990. He filled high-level management posts in Petrol Ofisi, MedUnion Containers, and Al Baraka Turk. Taking up an assignment as Deputy Secretary General in the Istanbul Metropolitan Municipality in 1996, Pektas served as Chief of the Disaster Coordination Center (AKOM), board member in the Istanbul World Trade Center, and chairman of the sea bus company (IDO), the natural gas distribution company (IGDAS), and the bread company (Halk Ekmek). Following a stint as Secretary General in the Istanbul Metropolitan Municipality between 2005 and 2009, he became Head of the Zorlu Property Group in July 2009.

Mehmet Zorlu

Mr. Mehmet Emre Zorlu serves as Board Member of Zorlu Energy Electricity Generation Co. Inc. Mehmet Emre Zorlu completed Koc Universitesi’s Electrical and Electronics Engineering Program in 2006. Finishing the Master Program in Innovation and Technology Management of the Essex University in the UK, he began working for the Vestel Group of Companies in 2009. Getting a membership on the Vestel Elektronik Board of Directors in 2009, Emre Zorlu also holds a member’s seat on the Zorlu Holding board and the boards of the other companies in the holding. Mehmet Emre Zorlu is a member of the Young Businessmen Association of Turkey (TUGIAD), and Endeavor Turkiye.

Olgun Zorlu

Mr. Olgun Zorlu has served as Board Member of Zorlu Energy Electricity Generation Co. Inc. since 1998. Olgun Zorlu completed his education in the UK where he studied textiles and business administration. Stepping into the business life in 1986, Olgun Zorlu started filling executive posts in the companies of Zorlu Holding as of 1988, managing their foreign operations in market research and the development of new practices. Joining the Zorlu Holding Board of Directors as a member in 1998, Olgun Zorlu also holds a member’s seat on the boards of the other companies in the holding.

Selen Zorlu Melik

Ms. Selen Zorlu Melik serves as Board Member of Zorlu Energy Electricity Generation Co. Inc. Selen Zorlu Melik graduated from the Business Administration Department of Uludag Universitesi’s Faculty of Economic and Administrative Science. Stepping into the business life at the Bursa branch of Denizbank, a Zorlu Holding company, in 1998, Selen Zorlu Melik filled various posts at the General Directorate of Denizbank. She attended the Marketing Degree Program at the University of California in 2001. Taking up a post in Korteks Iplik, which manufactures thread, in 2002, Selen Zorlu Melik has been the Deputy Head of the Zorlu Energy Group and a board member in the Zorlu Enerji Elektrik Uretim A.S., a power producer, since 2005 along with her board memberships in various companies of Zorlu Holding. She has been acting as the Deputy Group Head for the Zorlu Energy Group since April 2012.