EXECUTIVE MANAGEMENT*,**
Osman Turgay Durak, CEO
He completed his undergraduate and graduate degrees at Northwestern University in Mechanical
Engineering, joining Koç Group in 1976 at Ford Otomotiv as Design Engineer for product
development. He was appointed as Assistant General Manager in 1986, became Deputy General
Manager in 2000 and General Manager of Ford Otosan in 2002. He served as the President of
Automotive Group at Koç Holding between 2007-2009. Durak was appointed Koç Holding’s Deputy
CEO in May 2009 and became CEO and Board Member in April 2010. He was the Chairman of the
Board of Directors of Automotive Manufacturers’ Association between 2004-2010.
Ali Tarık Uzun, President, Audit Group
He graduated from Ankara University in Faculty of Political Science with a B.A. in Economics in
1985 and earned his MBA degree from Koç University in 1995. He has been a member of TÜSİAD,
Turmepa (Turkish Marine and Environment Protection Association) and Mulkiyeliler Union. He started
his career in 1985 as an Account Specialist at the Ministry of Finance, joining Koç Holding in 1992 as
Assistant Coordinator of Financial Affairs in the Audit and Finance Group. He served as Coordinator
between 1969-2003 and has been serving as the President of Audit Group at Koç Holding since
2004. He is a member of TÜSİAD (Turkish Industrialists’ and Businessmen’s Association), TURMEPA
(Turkish Marine and Environment Protection Association) and Alumni Association of Ankara University
Faculty of Political Science.
Tamer Haşimoğlu, President, Tourism, Food and Retailing Group
He graduated from Istanbul Technical University in Mechanical Engineering and earned a master’s
degree in International Business from Istanbul University Institute of Business Administration and
Economics. He started his career in 1989 at Koç Holding as a Management Trainee in the Planning
Department and later became Specialist, Manager and Coordinator of the Strategic Planning
Department. He was appointed Koç Holding Strategic Planning Group Acting President in January
2004 and he served as the President of Strategic Planning Group between May 2004-April 2011. He
has been serving as the President of Tourism, Food and Retailing Group at Koç Holding since April
2011. He serves as a Board member of some Koç Group companies. In addition, he has been a Vice
Chairman of YASED, member of TÜSİAD, member of the Board of Tourism Investors’ Organization
and member of the Board of Trustees of HEV.
Erol Memioğlu, President, Energy Group
He graduated from Middle East Technical University in Petroleum Engineering and started his career
in 1979 at Turkish Petroleum Corporation (TPAO), as Specialist Engineer and served as Production
Manager and Head of the Production and Overseas Projects Group. He joined Koç Holding in 1999
as Vice President of Energy Group. Between 2003-2004, he was an Executive Member of Koç
Holding Board of Directors, responsible for the operations of the Energy Group. He has been serving
as the President of Energy Group at Koç Holding since May 2004.
Kudret Önen, President, Defense Industry, Other Automotive and IT Group
He graduated from Gazi University in Mechanical Engineering and joined Koç Holding in 1975
at Ford Otosan. In 1980, he became R&D Department Manager at Koç Holding and was
appointed as the Assistant General Manager of Otokar in 1984. He served as the General
Manager of Otokar between 1994-2005 and was appointed Co-President of Koç Holding
Other Automotive Companies Group in 2005. He was the President of Defense Industry and
Other Automotive Group at Koç Holding between 2006-2010. He has been serving as the
President of Defense Industry, Other Automotive and IT Group at Koç Holding since 2010.
* Listed according to presidential seniority.
** For the information about the BoD and executive management members’ transactions on behalf of themselves or someone else within the framework of the permission given by the
General Assembly and their operations within the scope of the competition ban, see the agenda item description numbered 18 in the Information Document (page 212).
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KOÇ HOLDİNG Annual RePORt 2012
koç GROUP
Ahmet Ashaboğlu, CFO (President, Finance and Strategic Planning Group)
He graduated from Tufts University and earned a master’s degree from Massachusetts Institute of
Technology (MIT) in Mechanical Engineering. In 1994, he began his career as a Research Assistant
at MIT, held various positions at UBS Warburg between 1996-1999 and worked as Engagement
Manager at McKinsey & Company, New York, between 1999-2003. He joined Koç Holding as
Finance Group Coordinator in 2003. He has been serving as the CFO at Koç Holding since 2006.
Cenk Çimen, President, Automotive Group
He graduated from Istanbul Technical University in Industrial Engineering and completed Executive
Development Programs at Stanford University (USA) and University of California Los Angeles (USA).
He joined Koç Group in 1991 as Management Trainee at Nasoto. He assumed Sales Coordinator,
Regional Manager and Import Manager responsibilities at Otosan Pazarlama between 1993-1996.
He served as Fleet Sales Manager at Ford Otosan between 1996-1998 and became the General
Manager of Otokoç Ankara in 1998. In 2001, he was appointed as the General Manager of the
companies merged under Otokoç. In 2005 his responsibility was extended to include the General
Manager role for Birmot A.Ş., also assuming responsibility for Avis car rental. He has been serving as
the President of Automotive Group at Koç Holding since June 2009.
Levent Çakıroğlu, President, Consumer Durables Group
He graduated from Ankara University School of Political Science in Business Administration and
completed his MBA at the University of Illinois. He began his career at the Ministry of Finance as junior
accountant in 1988. Between 1997-1998, he worked as part-time lecturer at Bilkent University and as
Vice President of Financial Crimes Investigation Board at Ministry of Finance. He joined Koç Holding
in 1998 as Finance Group Coordinator. He was the CEO of Koçtaş between 2002-2007 and Migros
between 2007-2008. After becoming the CEO of Arçelik in 2008, he was also appointed as the
President of Consumer Durables Group at Koç Holding in April 2010.
Faik Açıkalın, President, Banking and Insurance Group
After earning a BS degree in Business Administration from Middle East Technical University, Faik
Açıkalın began his banking career in 1987 as a Management Trainee at Interbank. He subsequently
worked in various positions including Internal Auditor, Relationship Manager, Branch Manager and
Marketing Manager at Interbank, Marmarabank, Kentbank, Finansbank and Demirbank between
1992-1998. In May 1998, he joined Dışbank as Executive Vice President. Later that year, he was
appointed Chief Operating Officer (COO) responsible for the coordination and communication
between the Board of Directors and business units. He also assumed the position as a member of the
Credit Committee. In June 1999, Açıkalın was appointed Deputy President and Member of the Board
of Directors. In December 2000, he became President of Dışbank. Following the acquisition of the
majority shares of Dışbank by Fortis, he continued to serve as President and Deputy CEO of the Bank
and member of the Fortis Global Management Committee in Brussels. In October 2007, he resigned
from his duties at Fortis and became CEO at Doğan Gazetecilik. In April 2009, Açıkalın was appointed
as Executive Director and Chairman of the Executive Committee of Yapı Kredi. Serving as Yapı Kredi’s
CEO since May 2009, in 2010 he was also appointed as CEO of Koç Financial Services. In addition
to his current role, in August 2011, Açıkalın became the President of Koç Holding’s Banking and
Insurance Group.