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Arcelik AS (ARCLK.IS)

ARCLK.IS on Istanbul Stock Exchange

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22 Aug 2019
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Summary

Name Age Since Current Position

Rahmi Koc

88 Non-Executive Chairman of the Board of Directors

Hakan Bulgurlu

2016 General Manager/Chief Executive Officer, Executive Member of the Board of Directors

Polat Sen

2015 Assistant General Manager - Finance and Accounting/Chief Financial Officer

Cemal Ozturk

2015 Assistant General Manager - Production and Technology/Chief Production and Technology Officer

Zeynep Uzun

2017 Assistant General Manager - Marketing/Chief Marketing Officer

Mehmet Balcioglou

2015 Assistant General Manager - International Trade/Chief Commercial Officer-Europe, Middle East and North Africa

Cemal Dincer

2015 Assistant General Manager - Trade - Turkey and Pakistan/Chief Commercial Officer - Turkey & Pakistan

Utku Pazar

2018 Assistant General Manager – Strategy and Digital/Chief Strategy and Digital Officer

Omer Koc

57 2016 Non-Executive Vice Chairman of the Board of Directors

Hande Saridal

Finance Director

Huseyin Oner

2010 Information Technologies Director

Faik Alagoz

Capital Market Regulation Compliance Manager

Nihat Bayiz

R&D Director

Buket Celebioven

Human Resources Director

Orkun Inanbil

Investor Relations Manager

Semahat Arsel

91 2006 Non-Executive Member of the Board of Directors

Levent Cakiroglu

52 2015 Non-Executive Member of the Board of Directors

Fatih Ebiclioglu

2015 Non-Executive Member of the Board of Directors

Ali Koc

52 2009 Non-Executive Member of the Board of Directors

Robert Sonman

1994 Non-Executive Member of the Board of Directors

Muzeyyen Barbarosoglu

2018 Independent Non-Executive Member of the Board of Directors

Kamil Bozer

61 2018 Independent Non-Executive Member of the Board of Directors

Mehmet Kozlu

73 2018 Independent Non-Executive Member of the Board of Directors

Kadri Kucukpinar

2013 Independent Non-Executive Member of the Board of Directors

Ahmet Turul

60 Independent Non-Executive Member of the Board of Directors

Biographies

Name Description

Rahmi Koc

Mr. Rahmi Mustafa Koc serves as Non-Executive Chairman of the Board of Directors of Arcelik Inc. He is Chairman of the Executive Committee of the Company. A graduate of Johns Hopkins University (BA) in Business Administration, he joined Koc Group in 1958 at Otokoc. He became Chairman of the Management Committee in 1980 and was named Chairman of the Board of Directors of Koc Holding in 1984, a post he held until 2003 when he became the Honorary Chairman. Having served as the Chairman of the International Chamber of Commerce between 1995 and 1996, he then worked at various positions such as Vice Chairman of the Board of Trustees of the Vehbi Koc Foundation, Honorary Chairman of the Board of Trustees of the Koc University, Founder and Chairman of the Board of Rahmi M. Koc Museum and Cultural Foundation, Chairman of the Board of Directors of the Vehbi Koc Foundation American Hospital, Honorary Chairman and Founding Member of TURMEPA, Turkish Marine Environment Protection Association, Honorary President of the Advisory Board of the Turkish Industrialists’ and Businessmen’s Association (TÜ- SIAD), Member of the Advisory Board of the Turkish Employers Association, Co-Chairman of the Business Advisory Council for South East Europe (BAC SEE), The Metropolitan Museum of Art, New York City, Honorary Trustee, and Founding Chairman of the Global Relations Forum.

Hakan Bulgurlu

Mr. Hakan Hamdi Bulgurlu has served as General Manager/Chief Executive Officer, Executive Member of the Board of Directors of Arcelik Inc. since 2016. Following a bachelor’s degree at Economy and Mechanical Engineering Departments of the University of Texas, he completed the joint MBA program at Northwestern University, Kellogg School of Management, and Hong Kong University of Science and Technology. He started his professional life in Ram Foreign Trade Inc. in 1995. He worked as the Sales Manager in Ram Pacific until 1996. He worked as the Far East Representative of Arcelik, Beko Elektronik, Atilim A.S. and Beko Ticaret from 1996 to 2000. In 2000, he was assigned as Ram Pacific General Manager. He worked as Arcelik-LG Air-Conditioner General Manager between 2007-2010. He served as the Deputy General Manager Responsible for Sales in Arcelik A.S. Europe, USA, Asia-Pacific in 2010. He was assigned as Arcelik A.S. General Manager as of February 17, 2015. He is a Board Member of Foreign Trade Association of Turkey (TURKTRADE) and Chairman of Turkey – Thailand Business Council under Economic Relations Board (DEIK) and Member of the Executive Board of European Committee of Domestic Equipment Manufacturers (APPLiA/CECED). Within the Company, he also served as Vice General Manager - Sales (Europe, America, Asia Pacific) between September 1, 2010 and February 17, 2015; and General Manager between February 17, 2015 and 2016.

Polat Sen

Mr. Polat Sen has served as Assistant General Manager - Finance and Accounting/Chief Financial Officer of Arcelik Inc. since February 2015. He received his bachelor’s degree in English Department of Economics in Marmara Universitesi in 1998 and master’s degree in International Finance Department in Bradford University in 1999. Starting his professional life as Junior Auditor in Koc Holding A.S. Control Group Department in 2000, Mr. Sen worked as Senior Auditor in Koc Holding A.S. between 2002- 2004. Mr. Sen was assigned as Arcelik A.S. Internal Audit Manager in 2004, as Financial Affairs Group Director in Grundig Electronics / Grundig Multimedia B.V. in 2008, and he worked as Grundig Multimedia B.V. Financial Affairs Director between 2009-2010. He served as the Purchasing Director between 2010-2015.

Cemal Ozturk

Mr. Cemal Seref Oguzhan Ozturk has served as Assistant General Manager - Production and Technology/Chief Production and Technology Officer of Arcelik Inc. since October 2015. He graduated from Aeronautical Engineering at Istanbul Teknik Universitesi, and earned his Master’s degree from the Faculty of Mechanical Engineering at the same university. He began his business career as a Research Assistant at the Material Sciences and Production Technology Application and Research Center at Istanbul Technical University in 1982. He joined Arcelik A.S. as a Quality Control Engineer at the Eskiflehir Compressor Plant in 1987. After serving in various managerial positions across quality, manufacturing and product development processes at Arcelik A.S. Compressor and Refrigerator Plants, he was appointed as Arcelik A.S. Refrigerator Product Director, S.C. Arctic S.A. General Manager, Arcelik A.S. Washing Machine Product Director, Grundig Elektronik A.S. General Manager and Arcelik A.S. Supply Chain Director. He served as Assistant General Manager responsible for Purchasing and Supply Chain at Arcelik A.S. between 2010 and 2015.

Zeynep Uzun

Ms. Zeynep Yalim Uzun has served as Assistant General Manager - Marketing/Chief Marketing Officer of Arcelik Inc. since October 2017. She studied economics and psychology at Agnes Scott College. She started her career in 1990 as a Training Expert at Sark Sigorta. In 1992, she started to work for Unilever as the Komili Brand Manager. In 1998, she was assigned to Unilever Poland and served as the Central & Eastern Europe marketing director of Rama brand in 22 countries. In 2001, she returned to Turkey and worked as Knorr & Calve Marketing Manager, Home Care Marketing Manager and Unilever Africa, Middle East and Turkey Home Care Director. In 2007, she was assigned as Unilever Turkey Home & Personal Care Group Assistant President and Unilever Turkey Board Member. From 2012 to 2017, she served as the Global Assistant President of Omo, based in London. She is a Founding Member of Turkishwin, Concultancy Board Member at Bin Yaprak and a ´Women as Board Members’ mentee. She is also a Consultancy Board Member of TEDx Reset and a member of the board of trustees at Koruncuk Child Protection Foundation.

Mehmet Balcioglou

Mr. Mehmet Ragip Balcioglou has served as Assistant General Manager - International Trade/Chief Commercial Officer-Europe, Middle East and North Africa of Arcelik Inc. since February 2015. After receiving his bachelor’s degree from Industrial Engineering Department of Istanbul Teknik Universitesi in 1989, he completed Executive MBA Program in Koc Universitesi in 1996. He started his professional life as Marketing Manager in Data Hidrolik Makine Sanayi A.S. in 1990. Working as an Imported Materials Planning and Purchasing Specialist between 1992-1996 in Arcelik A.S. he was assigned as Trade Manager in Beko UK in 1996. He was assigned as Product Marketing Manager in 2003 and then respectively assigned as Product Marketing Unit Director in 2004 and as Product Management and Procurement Director in 2006. He worked as Sales Director between 2008-2010, as Country Manager - UK and Ireland, Beko PLC General Manager between 2011-2015.

Cemal Dincer

Mr. Cemal Can Dincer has served as Assistant General Manager - Trade - Turkey and Pakistan/Chief Commercial Officer - Turkey & Pakistan of Arcelik Inc. since February 2015. He got his bachelor’s degree in Mechanical Engineering Department in Istanbul Teknik Universitesi in 1989 and Master’s degree in Department of Business in Stevens Institute of Technology in 1993. Having started his professional life as a Trainee in Arcelik A.S. Finance Department in 1993, Mr. Dincer served as the Regional Sales Manager in Export Department in 1995. He worked as International Sales Manager - CIS and Other Countries between 2000-2005, as International Sales Director - European Foreign Markets between 2005-2009 and as Sales Director - Europe, United States, Asia-Pacific between 2009-2012 and as Sales Director - Subsidiaries, United States, Asia-Pacific between 2012-2015. He has been serving as the Assistant General Manager - Turkey Trade since February 2015. In addition to this role, he was assigned as Arcelik Pazarlama A.S. General Manager as of December 30, 2016.

Utku Pazar

Mr. Utku Baris Pazar has served as Assistant General Manager – Strategy and Digital/Chief Strategy and Digital Officer of Arcelik Inc. since October 2018. Holder of an Electrical and Electronic Engineering degree (BSc) from the Middle East Technical University in 2000, Utku Baris Pazar later had his postgraduate degree (MBA) in 2010 from the Emory University Goizueta Business School. Utku Baris Pazar started his career at Nokia Networks as Mobile Infrastructure Technical , and after a series of roles at Nokia (Siemens) Networks - North America and McKinsey&Company, he has served the Dogus Media Group as Assistant General Manager - Technology Management and Technical Services. He joined Koc Group in 2015 as Strategic Planning Director at Arcelik A.S., and he was appointed as Strategy and Business Development Director of Koc Holding A.S. in 2016.

Omer Koc

Mr. Omer Mehmet Koc has served as Non-Executive Vice Chairman of the Board of Directors of Arcelik Inc. since 2016. Prior to that, he was Non-Executive Member of the Board of Directors at the Company. He is Member of Executive Committee at the Company. He received his Bachelor of Arts degree from Columbia University in 1985. He worked at Kofisa Trading for one year. He completed his MBA at Columbia University in 1989. He also graduated from Robert College of Istanbul. After working at Ramerica International Inc., he joined Koc Group in 1990. He held various senior positions at Koc 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. On February 22, 2016, he was appointed as the Chairman of Koc Holding. He is also Chairman of Turkish Educational Foundation Board of Trustees, Chairman of Koc University Board of Trustees, President of Geyre Foundation and Chairman of Yapi Kredi Kültür Sanat Yayincilik Board of Directors and Tupras Board of Directors. On April 6, 2017, he was appointed as the Chairman of Tofas.

Hande Saridal

Ms. Hande Saridal serves as Finance Director of Arcelik Inc. Type of License Certificate: Capital Markets Activities Advanced Level License.

Huseyin Oner

Faik Alagoz

Mr. Faik Bulent Alagoz serves as Capital Market Regulation Compliance Manager of Arcelik Inc. Type of License Certificate: Capital Markets Activities Advanced Level License, Corporate Governance Rating License.

Nihat Bayiz

Buket Celebioven

Orkun Inanbil

Semahat Arsel

Ms. Semahat Sevim Arsel has served as Non-Executive Member of the Board of Directors of Arcelik Inc. since April 5, 2006. She is Member of the Executive Committee at the Company. She began her career in 1964 as a Member of the Board of Directors of Koc Holding, a position she continues to hold. In addition, she is Chairman of the Board of Directors of Vehbi Koc Foundation and the Divan Group, President of the Semahat S. Arsel Nursing Education and Research Center and Founder of the Koc University School of Nursing. She also serves as Member of the Board of Directors of other Koc Group companies. She is Second Chairman of the Florence Nightingale Foundation as well as Member of the Board of Trustees of the Educational Volunteers Foundation of Turkey (TEGV). Semahat S. Arsel has received an “Honorary Doctorate” degree from Istanbul University. She also holds a degree from J.W.Goethe University.

Levent Cakiroglu

Mr. Levent Cakiroglu has served as Non-Executive Member of the Board of Directors of Arcelik Inc. since 2015. He served as General Manager of the Company from August 25, 2008 till 2015. He joined the Board of Directors on March 25, 2009. He graduated from Ankara Universitesi (Bachelors), Faculty of Political Sciences, Department of Business Administration 1988. He earned a Master’s degree at the University of Illinois. He 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 Koc Holding in 1998 as Financial Coordinator. Subsequently, he served as the General Manager of Koctas (2002-2007), General Manager of Migros (2007-2008), and President of the Consumer Durables Group at Koc Holding (2010-2015). In February 2015, Mr. Cakiroglu was appointed Deputy Chief Executive Officer of Koc Holding, and he has been the Chief Executive Officer of Koc Holding since April 2015. He has been Member of Koc Holding Board of Directors since 2016. He is Member of the Corporate Governance Committee of the Company.

Fatih Ebiclioglu

Dr. Fatih Kemal Ebiclioglu has served as Non-Executive Member of the Board of Directors of Arcelik Inc. since March 23, 2015. He is also Member of the Risk Management Committee at the Company. After graduating from Ankara Universitesi (Bachelors), Faculty of Political Science, Department of International Relations, he received a Master’s degree in Finance from the Virginia Commonwealth International University, and earned a Ph.D. degree in Finance-Accounting from Ankara Universitesi Faculty of Political Science. Between 1989 and 2002, he worked as Assistant Tax Auditor at the Ministry of Finance, and later as Tax Auditor and Senior Tax Auditor. In addition, he served as a part-time instructor at Hacettepe, Bilkent and Atilim Universities from 1998 to 2002. He joined Koc Holding in 2002 as Financial Coordinator. Subsequently, he served as Audit Group Coordinator of Koc Holding (2004-2005), and Deputy General Manager of Arcelik (2005-2015). He has been the President of the Consumer Durables Group at Koc Holding since February 2015. Within the Company, he was Vice General Manager - Finance and Accounting and Shareholder Relations Unit Manager between January 23, 2012 and March 23, 2015; and Assistant General Manager, Finance and Accounting between April 18, 2005 and January 23, 2012.

Ali Koc

Mr. Ali Yildirim Koc has served as Non-Executive Member of the Board of Directors of Arcelik Inc. since March 25, 2009. He is Member of the Executive Committee at the Company. He graduated from Rice University (Bachelors) in Business Administration in 1989 and completed his MBA degree at Harvard Business School 1997. He attended the American Express Bank Management Trainee program between 1990 and 1991 and worked as an analyst at Morgan Stanley Investment Bank between 1992 and 1994. He held various senior positions at Koc Holding such as the New Business Development Coordinator and President of the Information Technology Group between 1997 and 2006. He was the President of the Corporate Communications and Information Technology Group between 2006 and 2010. He has been a Member of Koc Holding Board of Directors since 30 January 2008 and was named Vice Chairman on February 22, 2016. He is also the Chairman at various Koc Group companies. He also contributes to the country’s social and economic development at URAK (International Competition Research Association) as President, Endeavor Association and DEIK (Foreign Economic Relations Board) as Board Member. He is also the Vice Chairman of TUSIAD – Turkish Industry and Business Association and Member of the Global Advisory Council of Bank of America, Harvard University and CFR.

Robert Sonman

Mr. Robert Sonman has served as Non-Executive Member of the Board of Directors of Arcelik Inc. since April 1994. He earned his graduate and Master of Arts degrees from McGill University (Canada) in architecture. He is currently the Chairman of Board of Directors in Burla Group Companies which are shareholders in Arcelik A.S.

Muzeyyen Barbarosoglu

Prof. Muzeyyen Munire Gulay Barbarosoglu has served as Independent Non-Executive Member of the Board of Directors of Arcelik Inc. since March 19, 2018. She is Member of the Audit Committee of the Company. She graduated from Robert College of Istanbul in 1974 and got her bachelor’s degree from the Department of Industrial Engineering in Bogazici Universitesi in 1978, and doctorate in 1985 from the same department and university before she became a professor of industrial engineering in 2000. She served as the rector of Bogazici University from 2012 to 2016, and vice rector of research at Bogazici University from 2008 to 2012. She undertook various administrative tasks at Bogazici University, and besides being the manager of Kandilli Observatory and Earthquake Research Institute (KRDAE) from 2002 to 2006, she also served as the manager of the Center of Disaster Management, and chair of the Department of Industrial Engineering and Financial Engineering Program. Having undertaken significant international tasks, she was a member of the Board of Directors of European University Association from 2013 to 2017. Moreover, in addition to her duties as the Vice Chair of the Association of European Operational Research Societies (EURO) from 2003 to 2007 and the national representative at NATO Research and Technology Organization from 2002 to 2010, she has been in close collaboration with various European universities, states and non-governmental organizations. She retired from Bogazici University in December 2016.

Kamil Bozer

Mr. Kamil Omer Bozer has served as Independent Non-Executive Member of the Board of Directors of Arcelik Inc. since March 19, 2018. After receiving his Bachelors degree in business administration from the Middle East Technical University, Kamil Omer Bozer completed an MBA degree at Georgia State University in U.S.A. He began his career as a management trainee at Koc Holding A.S. in 1985. After serving as Deputy Chief Executive of Maret A.S. from 1990 and as General Manager of Duzey A.S. from 1995, he became General Manager of Migros Turk T.A.S. in 2002. He was appointed President of Food, Retailing and Tourism Group in 2005. He served as President of Food and Retailing Group between 2006 and 2008, and once again as President of Tourism, Food and Retailing Group from 2009 to April 2011. As of March 19, 2018, K. Omer Bozer serves as independent member in the Board of Directors of Arcelik A.S. He is Chairman of the Audit Committee of the Company.

Mehmet Kozlu

Dr. Mehmet Cem Kozlu, Ph.D., has served as Independent Non-Executive Member of the Board of Directors of Arcelik Inc. since March 19, 2018. M. Cem Kozlu got his bachelor’s degree in Economics from Denison University in 1969. He holds an MBA degree from Stanford University and a PhD degree in Administration from Bogazici Universitesi. Dr. Mehmet Cem Kozlu, Ph.D., served in executive positions at NCR in the USA and at Proctor&Gamble in Switzerland. He served as the Managing Director at Komili for 12 years. He served as the Chairman at Turk Hava Yollari from 1988 to 1991 and again from 1997 to 2003 and General Manager from 1988 to 1991. Starting in 1996, Mr. Kozlu undertook varios responsibilities at The Coca-Cola Company. Before his retirement in 2006, he was the President of Central Europe, Eurasia and Middle East Group responsible of 51 countries. Between 2007-2015, he worked as Consultant to Eurasia & Africa Group of The Coca-Cola Company. M. Cem Kozlu has 10 books published and TV series on management.

Kadri Kucukpinar

Mr. Kadri Kaynak Kucukpinar has served as Independent Non-Executive Member of the Board of Directors of Arcelik Inc. since March 28, 2013. He graduated from Universita degli Studi di Napoli Parthenope, Italia, Faculty of Shipbuilding Mechanical Engineering in 1968. He started his career in 1970 in Tofas Turkish Automobile Factory. He was Purchasing Director of Tofas Factory in 1975 and Assistant General Manager (Assistant Manager of Factory) of Tofas A.S. between 1986-1993. He was Mako Elektrik Sanayii A.S. General Manager between 1994 - 2000. He retired in 2001 and he was Member of Mako A.S. Board of Directors until the end of 2002. He is Chairman of the Corporate Governance Committee, and Chairman of the Risk Management Committee of the Company.

Ahmet Turul

Mr. Ahmet Turul serves as Independent Non-Executive Member of the Board of Directors of Arcelik Inc. Ahmet Turul graduated from Ankara Universitesi, Department of Political Science in 1980. Between 1980 and 1988, he worked as Assistant Public Accountant and later as Public Accountant at the Ministry of Finance. From 1988 to 1999, he served as Assistant Coordinator of Financial Affairs, and Financial Affairs Coordinator at Koc Holding, and from 1999 to 2002, he was the Vice President of Financial Affairs at Koc Tuketici Finansmani A.S. Mr. Turul served as Vice President of Financial Affairs at Allianz Sigorta A.S. and Allianz Hayat ve Emeklilik A.S. between 2002 and 2010. Since 2010, Ahmet Turul has been a Board Member of Allianz Sigorta A.S. and Allianz Hayat ve Emeklilik A.S., and a Board Member of Allianz Yasam ve Emeklilik A.S. since 2013. Additionally, Mr. Turul serves as Executive Committee Member of Turkey-Germany Business Council of DEIK, Vice-Chairman of the Board and Chairman of the Non-Life Executive Board at the Insurance Association of Turkey (TSB); Board Member at the Pension Monitoring Center; and Member of the Tax Council on behalf of TSB. He has been an independent Board Member at Tupras since March 31, 2014. Ahmet Turul has not been assigned to any other position at Arcelik A.S. or its affiliates for the last five years. He has no relation with the top management of Arçelik A.S. He does not have a direct or indirect share of over 5% in the capital of Arçelik A.S; He is not an employee representative and He does not have any commercial relationship with Arçelik A.S. Ahmet Turul has the qualifications of being independent as defined in the Capital Market Board's Corporate Governance Principles.