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Zorlu Enerji Elektrik Uretim AS (ZOREN.IS)

ZOREN.IS on Istanbul Stock Exchange

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15 Aug 2019
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Summary

Name Age Since Current Position

Zeki Zorlu

80 Non-Executive Chairman of the Board of Directors

Ibrahim Ak

48 2016 CEO of Zorlu Energy Group

Bekir Agirdir

63 2018 Independent Non-Executive Vice Chairman of the Board of Directors

Elif Yener

39 2019 Financial Affairs General Manager

Ali Kindap

51 2017 General Manager Responsible for Investments, Operations and Maintenance

Nihat Turksever

44 2017 Deputy General Manager Responsible for Investments, Planning & Business Development

Aydin Akat

49 2017 General Manager Responsible for Industrial Projects and Applications

Fuat Celepci

60 2017 General Manager Responsible for Electricity and Gas Distribution Operations

Murat Arican

48 2018 Deputy General Manager Responsible for Site Operations

Recep Arslantay

64 Deputy General Manager Responsible for the Natural Gas Group

Omer Orge

49 2017 Deputy General Manager Responsible for Operations and Maintenance at Zorlu Energy

Yusuf Unlu

39 2018 Deputy General Manager Responsible for Geothermal Projects

Bekir Koksal

52 2012 Executive Member of the Board of Directors

Selen Zorlu Melik

44 2001 Executive Member of the Board of Directors

Servet Bahadir

61 2013 Government Affairs Director

Evren Evcit

41 2018 Zorlu Solar and Purchasing and Logistics Director

Inanc Salman

38 2017 Director for Trading

Ahmet Zorlu

75 2017 Non-Executive Member of the Board of Directors

Mehmet Zorlu

35 2017 Non-Executive Member of the Board of Directors

Olgun Zorlu

54 1993 Non-Executive Member of the Board of Directors

Elmas Araz

71 2018 Independent Non-Executive Member of the Board of Directors

Aysegul Ildeniz

50 2018 Independent Non-Executive Member of the Board of Directors

Biographies

Name Description

Zeki Zorlu

Mr. Zeki Zorlu serves as Non-Executive Chairman of the Board of Directors 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. He has served as Member of the Board of Directors of the Company since June 16, 1993.

Ibrahim Ak

Mr. Ibrahim Sinan Ak has served as CEO of Zorlu Energy Group within Zorlu Energy Electricity Generation Co. Inc. since December 1, 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 1, 2016.

Bekir Agirdir

Mr. Bekir Agirdir has served as Independent Non-Executive Vice Chairman of the Board of Directors of Zorlu Energy Electricity Generation Co. Inc. since May 8, 2018. Bekir graduated from the Department of Business Administration, Faculty of Economics and Administrative Sciences, at Middle East Technical University in 1979 before working as a Sales Manager and then Deputy General Manager at Bilsan Bilgisayar Malzemeleri AS between 1980 and 1984. He served as the Sales Coordinator at Meteksam Ltd. between 1984 and 1986 and as General Manager at Pirintas Bilgisayar Malzemeleri ve Basim Sanayi AS between 1986 and 1996. He then served as the Deputy General Manager at Atilim Kagit ve Defter Sanayi AS between 1996 and 1999 and as General Manager and Board Member at PMB Akilli Kart ve Bilgi Teknolojileri AS between 1999 and 2003. Between 2003 and 2005, he worked at Tarih Vakfi (History Foundation of Turkey) as a Coordinator and then as General Manager. He has been the General Manager and Board Member at KONDA Arastirma ve Danismanlik Ltd. Co. since 2005. Appointed as the Vice Chairman of the Board at Zorlu Enerji’s 2017 Annual General Meeting held on May 8, 2018, he also serves on the Boards of two other Zorlu Group companies, namely Vestel Beyaz Esya Sanayi ve Ticaret AS and Vestel Elektronik Sanayi ve Ticaret AS. He has served as Member of the Board of Directors of the Company since May 8, 2018. He is Chairman of the Corporate Governance Committee, and Chairman of the Audit Committee of the Company.

Elif Yener

Mrs. Elif Yener has served as Financial Affairs General Manager of Zorlu Energy Electricity Generation Co. Inc. since July 1, 2019. Elif Yener graduated from the Department of Industrial Engineering at Bogazici Universitesi in 2004. After working in the Project Finance Department at Denizbank from 2004 to 2009, she enrolled in the MBA program at Columbia University and received her MBA degree in 2011. She joined Zorlu Holding the same year and was appointed to the position of Strategy & Business Development Manager in 2012. Mrs. Yener became Zorlu Energy Group’s Financial Affairs Group Manager on August 12, 2014 and served as the Group’s Financial Affairs Director from September 2015 to July 2019. Mrs. Yener was appointed as the General Manager responsible for Financial Affairs as of July 1, 2019.

Ali Kindap

Mr. Ali Kindap has served as General Manager Responsible for Investments, Operations and Maintenance of Zorlu Energy Electricity Generation Co. Inc. since January 1, 2017. He graduated from the Department of Mechanical Engineering at Middle East Technical University in 1990. He began his professional career at GAMA Group of Companies and later worked at Meteksan AS and Guris Insaat ve Muhendislik AS. Mr. Kindap joined Zorlu Energy Group in 2008 as Deputy General Manager at Zorlu Endustriyel ve Enerji Tesisleri Insaat Ticaret AS. In 2011, he was named Deputy General Manager responsible for Thermal Power Plant Investments at Zorlu Enerji Elektrik Uretim AS. Mr. Kindap was appointed as the General Manager responsible for Investments, Operations and Maintenance as of January 1, 2017.

Nihat Turksever

Mr. Nihat Turksever has served as Deputy General Manager Responsible for Investments, Planning & Business Development of Zorlu Energy Electricity Generation Co. Inc. since January 1, 2017. He graduated from the Department of Industrial Engineering at Uludag Universitesi. He held various positions at Enka Insaat between 1997 and 2008 where he lastly served as Business Manager/Deputy Project Manager. Mr. Turksever joined Zorlu Energy Group as Technical Office Manager to work in the Group’s Israeli projects in 2009. He served as Project Manager for the Kizildere II Geothermal Power Plant Project and as Project Contract Administration Manager following the completion of the project. Nihat, who was the Purchasing and Logistics Manager from February 2016, was named Deputy General Manager responsible for Investments, Planning and Business Development as of January 1, 2017.

Aydin Akat

Mr. Aydin Akat has served as General Manager Responsible for Industrial Projects and Applications of Zorlu Energy Electricity Generation Co. Inc. since January 1, 2017. Akat received an associate degree in construction from Middle East Technical University in 1990. He graduated from the Department of Civil Engineering at Istanbul Universitesi in 1996. He began his career at Cevahirler Insaat in 1990 and worked in various construction projects at Tekfen Insaat from 1996 to 2005. He joined Zorlu Energy Group in 2005 as Project Manager at Zorlu Endustriyel ve Enerji Tesisleri Insaat Ticaret AS and later served as Engineering Manager at the same company from 2008 to 2011. Mr. Akat was named Deputy General Manager responsible for Projects at Zorlu Enerji Elektrik Uretim AS in October 2012, a position he held until 2017. From January 1, 2017, he has been serving as the General Manager responsible for Industrial Projects and Applications.

Fuat Celepci

Mr. Fuat Celepci has served as General Manager Responsible for Electricity and Gas Distribution Operations of Zorlu Energy Electricity Generation Co. Inc. since January 1, 2017. Fuat Celepci graduated from the Civil Engineering Department of Middle East Technical University in 1982 and obtained a graduate degree in Law from Bilkent University in 2011. His started his career as a civil engineer at Turkish Electricity Corporation in 1982. In 1984, he joined BOTAS, where he served as Deputy General Manager and as Board Member from 1999 to 2005. After retiring as an advisor to BOTAS General Manager in 2012, Mr. Celepci served as the General Manager of Gazdas Gaziantep Dogal Gaz Dagitim AS and Trakya Bolgesi Dogal Gaz Dagitim AS from 2012 to 2017. He was named General Manager responsible for Electricity and Gas Distribution Operations at Zorlu Energy Group as of January 1, 2017.

Murat Arican

Mr. Murat Arican has served as Deputy General Manager Responsible for Site Operations of Zorlu Energy Electricity Generation Co. Inc. since March 1, 2018. He graduated from the Department of Mechanical Engineering at Istanbul Teknik Universitesi in 1993. He started his career at Bagfas Gubre Fabrikalari as Deputy Manager for Mechanical Maintenance in 1995 and then worked as Project Leader at UMDE Muhendislik between 2004 and 2009, as Technical Manager at Akdeniz Kimya - Nemport Liman Isletmeleri between 2009 and 2012 and at his own company, i.e. Vulcan-Bahm Geri Donusum Sirketi, between 2012 and 2014. Mr. Arican joined Zorlu Energy Group as Site Manager in 2014 and has been serving as the Acting Deputy General Manager responsible for Geothermal Project Applications, prior to being named the Deputy General Manager responsible for Site Operations as of March 1, 2018.

Recep Arslantay

Mr. Recep Arslantay serves as Deputy General Manager Responsible for the Natural Gas Group of Zorlu Energy Electricity Generation Co. Inc. He graduated from the Department of Electronics and Communications Engineering at Yildiz Teknik Universitesi in 1984. He worked at BOTAS during 1984-2005 where he served as the Director of Natural Gas Operations in the last five years of his employment. Mr. Arslantay worked as the Deputy General Manager of Izmir Dogal Gaz Dagitim AS between 2005-2008, as Manager at Energaz Gaz Elektrik Su Dagitim AS between 2008-2010 and as Manager at Medgaz AS between 2010-2012. He joined Zorlu Energy Group in 2012 and has been serving as the Deputy General Manager responsible for the natural gas distribution companies of the Group, namely Trakya Bolgesi Dogal Gaz Dagitim A.S. and Gazdas Gaziantep Dogal Gaz Dagitim A.S. and for the natural gas trade companies of the Group, which are Zorlu Dogal Gaz Ithalat Ihracat ve Toptan Ticaret A.S. and Zorlu Dogal Gaz Tedarik Ticaret A.S.

Omer Orge

Mr. Omer Harun Orge has served as Deputy General Manager Responsible for Operations and Maintenance at Zorlu Energy of Zorlu Energy Electricity Generation Co. Inc. since September 2017. He graduated from the Department of Chemical Engineering at Yildiz Teknik Universitesi in 1995. He started his career as Kazakhstan Chief Site Manager at Bechtel Enka JV in 1996, then served as Quality Control/Process Engineer at Bechtel Enka JV between 2001-2002, as Operating Engineer and Chief Operating Engineer at Enka Power between 2002-2011, as Department Manager responsible for Turkey and nearby countries at Poyry Switzerland between 2011-2017 and as General Manager at Orge Muhendislik in 2017. He has been serving as the Deputy General Manager responsible for Operations and Maintenance at Zorlu Energy Group since September, 2017.

Yusuf Unlu

Mr. Yusuf Unlu has served as Deputy General Manager Responsible for Geothermal Projects of Zorlu Energy Electricity Generation Co. Inc. since March 1, 2018. He graduated from the Department of Electronics and Communication Engineering at Kocaeli Universitesi in 2003 and completed his master's degree in Control and Automation Engineering at Istanbul Teknik Universitesi in 2007. He started his career as Control Engineer at ASP Otomasyon in 2003. He then joined Zorlu Group as Engineer at Zorlu Endustriyel’s Instrumentation and Control Department in 2008. He was appointed as the Instrumentation and Control Manager in 2013 and later served as the Project Manager for the Alasehir and Kizildere III GPP Projects. Lastly, he was the Acting Deputy General Manager responsible for Geothermal Projects. As of March 1, 2018, he was named Deputy General Manager responsible for Geothermal Projects.

Bekir Koksal

Mr. Bekir Cem Koksal has served as Executive Member of the Board of Directors of Zorlu Energy Electricity Generation Co. Inc. since June 4, 2012. 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.

Selen Zorlu Melik

Mrs. Selen Zorlu Melik has served as Executive Member of the Board of Directors of Zorlu Energy Electricity Generation Co. Inc. since May 10, 2001. 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.

Servet Bahadir

Mr. Servet Bahadir has served as Government Affairs Director of Zorlu Energy Electricity Generation Co. Inc. since October 2013. He graduated from the Department of Electrical Engineering at Kiel University in 1982. He began his career in 1983 as an Electrical Engineer at Turkish Electricity Corporation (TEK) and later assumed various positions at TEAS (State Owned Electricity Generation & Transmission Corp.) and TETAS (State Owned Trading & Contracting Corp.). He joined Zorlu Group in 2008 and served as Electrity Trade Manager until 2013. Mr. Bahadir has been Zorlu Energy Group’s Government Affairs Director since October 2013.

Evren Evcit

Mr. Evren Evcit has served as Zorlu Solar and Purchasing and Logistics Director of Zorlu Energy Electricity Generation Co. Inc. since August 1, 2018. He graduated from the Department of Mechanical Engineering at Istanbul Teknik Universitesi and obtained an MBA degree from Bogazici Universitesi. After his graduation, he served as the Chief Operating Officer and CEO at Anel Enerji. Mr. Evcit has been the Managing Director of Turkey at First Solar, where he started in 2014, for three years. Evren Evcit, who has been serving as Zorlu Solar Director at Zorlu Enerji Group since May 2017, has been assumed the role of Purchasing and Logistics Director as of 1 August 2018.

Inanc Salman

Mr. Inanc Salman has served as Director for Trading of Zorlu Energy Electricity Generation Co. Inc. since January 1, 2017. Inanc Salman graduated from the Department of Management Engineering at Istanbul Teknik Universitesi and obtained a PhD degree in industrial engineering from the same university. Mr. Salman joined Zorlu Group in 2004 and served at the Human Resources Department of Zorlu Holding from 2004 to 2007. In 2007, he joined Zorlu Energy Group, where he served as Project Engineer, Organization Development Supervisor and Organization Development Manager. Mr. Salman served as the Deputy General Manager responsible for Energy Trade and Planning at Zorlu Enerji from October 2013 to January 2017 and has been serving as the Director for Trading since January 1, 2017.

Ahmet Zorlu

Mr. Ahmet Nazif Zorlu has served as Non-Executive Member of the Board of Directors of Zorlu Energy Electricity Generation Co. Inc. since May 17, 2017. 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.

Mehmet Zorlu

Mr. Mehmet Emre Zorlu has served as Non-Executive Member of the Board of Directors of Zorlu Energy Electricity Generation Co. Inc. since May 17, 2017. 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. He is Member of the Corporate Governance Committee of the Company.

Olgun Zorlu

Mr. Olgun Zorlu has served as Non-Executive Member of the Board of Directors of Zorlu Energy Electricity Generation Co. Inc. since June 16, 1993. 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. He is Member of the Early Detection of Risk Committee of the Company.

Elmas Araz

Mr. Elmas Melih Araz has served as Independent Non-Executive Member of the Board of Directors of Zorlu Energy Electricity Generation Co. Inc. since May 8, 2018. He served as Independent Non-Executive Vice Chairman of the Board of Directors of the Company between May 30, 2007 and 2014. He is a graduate of Robert College of Istanbul and received his Bachelor’s Degree from Ankara Universitesi, Faculty of Political Science, in 1972. He completed his MBA at Kelley School of Business, Indiana University, in 1975, where he was a USAID/TEV scholar. He also attended the Executive Management Program at Harvard Business School in 1988. He started his career in finance and banking at Citibank N.A.’s office in Turkey in 1977. He served in executive positions at the bank’s Istanbul, Bahrain, Athens, and New York offices and assumed key responsibilities in the establishment and expansion of Citibank’s operations in Turkey. He later served as the CEO/General Manager at Interbank AS, a subsidiary of Cukurova Holding, for eight years, playing a leading role in elevating Interbank to a respected and pioneering position in corporate and investment banking in Turkey. After leaving Interbank, he worked as a consultant in various major projects and served as a Board Member at a number of companies, including Zorlu Enerji Elektrik Uretim AS (2008-2013) and Enka Insaat ve Sanayi AS (2012-2018). He currently serves in senior positions at Ata Group. Mr. Araz, who was appointed as a Board Member at Zorlu Enerji’s 2017 Annual General Meeting held on May 8, 2018, is also a Board Member at Vestel Elektronik Sanayi ve Ticaret AS and Vestel Beyaz Esya Sanayi ve Ticaret AS, which are other Zorlu Group companies. In addition, he serves as a Board Member at Ata Yatirim Menkul Kiymetler AS, Ata Gayrimenkul Yatirim Ortakligi AS, TFI Gida Yatirimlari AS, Burger King China, Izmir Enternasyonel Otelcilik AS and Entegre Harc Sanayi ve Ticaret AS. He is Member of the Audit Committee, and Chairman of the Early Detection of Risk Committee of the Company.

Aysegul Ildeniz

Ms. Aysegul Ildeniz has served as Independent Non-Executive Member of the Board of Directors of Zorlu Energy Electricity Generation Co. Inc. since May 8, 2018. She has a bachelor’s degree in Business Administration from Bogazici Universitesi and a master’s degree in Electronic Communications Arts from San Francisco State University. She joined Intel Corporation, the leading global microprocessor company, in 1998, where she served, chronologically, as General Manager of Intel Turkey; Regional Director, Middle East, Turkey and Africa, overseeing 67 countries and a Board Member of Intel Europe, before being appointed to the position of Global Vice President of the New Devices Group at Intel Headquarters in Silicon Valley in 2013. In 2016, she became the Chief Operating Officer at Silver Spring Networks, a NYSE-listed company listed that controls half of the U.S. smart energy market with 26 million customers. She assumes a pioneering role in the fields of innovation, technology, and future vision in Silicon Valley and Istanbul. She was selected as the “IT Female of the Year” in 2004 and “Female Executive of the Year” in 2006 by Dunya Newspaper and as one of the “Top 100 Most Creative Persons in Business” by the San Francisco-based Fast Company Magazine and the “Third Most Influential Turkish-American Woman” by the Turks of America (TOA) Magazine in 2015. She is currently the President of TUSIAD Silicon Valley Network and a Board Member of the American-Turkish Society and Turkish Philanthropy Funds. She was appointed as a Board Member at Zorlu Enerji’s 2017 Annual General Meeting held on May 8, 2018. She also serves on the Boards of two other Zorlu Group companies - Vestel Elektronik Sanayi ve Ticaret AS and Vestel Beyaz Esya Sanayi ve Ticaret AS - and is also a Board Member at Eczacibasi Holding AS.