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Koc Holding AS (KCHOL.IS)

KCHOL.IS on Istanbul Stock Exchange

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21 May 2018
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Summary

Name Age Since Current Position

Omer Koc

55 2016 Chairman of the Board of Directors

Rahmi Koc

87 2003 Honorary Chairman of the Board of Directors

Levent Cakiroglu

51 Chief Executive Officer, Member of the Board of Directors

Temel Atay

78 2002 Vice Chairman of the Board of Directors

Ali Koc

50 2016 Vice Chairman of the Board of Directors

Ahmet Ashaboglu

47 2006 Chief Financial Officer

Faik Acikalin

2011 President of Banking and Insurance Group

Ismail Cimen

51 2009 President of Automotive Group

Fatih Ebiclioglu

2015 President of Consumer Durables Group

Yagiz Eyuboglu

49 2016 President of Energy Group

Ibrahim Hasimoglu

53 2011 President of Tourism, Food and Retailing Group

Ali Uzun

54 2004 President of the Audit Group

Emine Alangoya

70 2006 Accounting Director

Utku Pazar

2016 Strategy and Business Development Director

Kenan Yilmaz

56 2006 General Counsel

Ozgur Akkol

2014 Human Resources Director

Ufuk Ciplak

2015 Director of Public Affairs

Oya Unlu Kizil

48 2007 Director of Corporate Communications and External Affairs

Kemal Uzun

2011 Tax Management Director

Tahsin Saltik

61 2002 Secretary General

Semahat Arsel

90 1964 Member of the Board of Directors

Bulent Bulgurlu

70 2010 Member of the Board of Directors

Kwok Fung

2017 Member of the Board of Directors

Ipek Kirac

34 2016 Member of the Board of Directors

Caroline Koc

2016 Member of the Board of Directors

John McArthur

1999 Member of the Board of Directors

Heinrich Pierer

77 2008 Member of the Board of Directors

Kutsan Celebican

Independent Member of the Board of Directors

Omer Dinckok

69 2017 Independent Member of the Board of Directors

Muharrem Kayhan

63 Independent Member of the Board of Directors

Anne Lauvergeon

58 Independent Member of the Board of Directors

Jacques Nasser

Independent Member of the Board of Directors

Mustafa Olgac

66 Independent Member of the Board of Directors

Gizem Bodur

2017 Investor Relations Manager

Biographies

Name Description

Omer Koc

Mr. Omer Mehmet Koc has served as Chairman of the Board of Directors of Koc Holding Inc. since February 22, 2016. He is Chairman of the Company's Executive Committee. He started his career in 1985, at Kofisa Trading Company in Geneva, Switzerland, as Sales Clerk. He moved to Ramerica Int. Inc. New York, in 1989, as Sales Clerk. Between 1991 and 1992, he worked at Gazal A.S. as Manager. Mr. Koc joined Koc Holding A.S. in 1992 as Finance Coordinator. He was appointed as Vice President of the Energy Group in 1996, and President of the Energy Group in 2000, a post he held until April 2004. He was elected Non-Executive Board Member of Koc Holding A.S. in April 2004, and performed in that position until his current appointment. Mr. Koc graduated from American Robert College in 1979, and from Millfield School in 1981. He completed his Freshmen and Sophomore years at Georgetown University, and received his BA degree in Ancient Greek (1985), and an MBA degree from Columbia University (1988). He occupied the post of Non-Executive Vice Chairman of the Board of Directors of the Company between May 2008 and February 22, 2016. Within the Company, he was Finance Coordinator between 1992 and 1996, Energy Group Vice President between 1996 and 2000, and Energy Group President between 2000 and April 2004.

Rahmi Koc

Mr. Rahmi Mustafa Koc has served as Honorary Chairman of the Board of Directors of Koc Holding Inc. since April 4, 2003. He is Member of the Company's Executive Committee. He spent all of his business career in Turkey, in his family-owned holding Company, Koc Holding A.S. He began his career in Otokoc Company in 1958, and joined Koc Ticaret A.S. in 1960. He was elected Vice Chairman of the Board of Directors of the Holding in 1975, and Chairman of the Managing Committee in 1980. He was also Chairman of the Chamber of International Commerce from 1995 to 1996. Between March 30, 1984 and April 4, 2003, he acted as Chairman of the Board of Directors of the Company. He was Vice Chairman of the Board of Directors of the Company between 1975 and March 30, 1984. Mr. Koc is former Co-Chairman of the Business Advisory Council for South East Europe; former President of the Turkish Greek Business Council, and former Member of the JP Morgan International Council. He currently serves as Chairman of the Board of Trustees of the Koc University; Chairman of the Board of the Vehbi Koc Foundation American Hospital; Honorary Chairman and Founding Member of TURMEPA, The Turkish Marine and Environment Protection Association; Honorary President of the Advisory Board of the Turkish Industrialists' and Businessmen's Association, and Vice Chairman of the Board of Trustees of the Vehbi Koc Foundation. Mr. Koc received his BA degree in Business Administration from Johns Hopkins University. He has also been awarded Honorary Doctorate degrees by Johns Hopkins University, Anadolu University, Ege University, Bilkent University, Ovidius University of Constanza and Adnan Menderes University.

Levent Cakiroglu

Mr. Levent Cakiroglu has served as Chief Executive Officer of Koc Holding Inc since April 2015. Since 2016 he also has been Member of the Company's Board of Directors. He was General Manager of Arcelik A.S., a subsidiary of Koc Holding A.S. from 2008 to 2010. 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), General Manager of Arcelik (2008-2015), 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. Mr. Cakiroglu received his Bachelors degree in Management from Ankara Universitesi in 1988, and holds a Masters degree from University of Illinois.

Temel Atay

Mr. Temel Kamil Atay has served as Vice Chairman of the Board of Directors of Koc Holding Inc. since 2002. He has been Member of the Company's Board of Directors since 1996. He is Member of the Executive Committee and Risk Management Committee of the Company. He was Vice Chairman of the Board of Directors of the Company between 1998 and 2000, and Vice Chairman of the Board of Directors, Chief Executive Officer of the Company between 2000 and 2001. He started his career at Chrysler Sanayi - Istanbul as Product Development Engineer in 1965. Between 1966 and 1969, he worked at Otosan A.S. as Product Development Manager. After working at Ford Motor Co. U.S.A. as Product Development Engineer until 1972, he joined Koc Holding A.S. as Assistant Coordinator in the Automotive Department. He was General Manager of Otoyol Sanayi A.S. between 1974 and 1981, and General Manager of Tofas Turk Otomobil Fab. A.S. from 1981 until 1994. He was appointed as Vice President of Technical Projects in Koc Holding in 1992, and as Tofas Group President in 1994. He was elected Board Member of the Holding in 1996, and as well as Vice Chairman of the Executive Committee, Executive Officer for Corporate Staff and Other Automotive Companies Group President. Between 1998 and 2001, he served as Vice Chairman of the Board of Directors and Executive Board Member responsible for Operations. He also acted as Chief Executive Officer of the Holding from 2000 until 2001. Mr. Atay has a BSc degree in Mechanical Engineering from Istanbul Teknik Universitesi, and an MBA degree from Wayne State University.

Ali Koc

Mr. Ali Yildirim Koc has served as Vice Chairman of the Board of Directors of Koc Holding Inc. since February 22, 2016. He has been Member of the Board of Directors of the Company since January 30, 2008. He is also Member of the Company's Executive Committee. 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. Koc is also the Chairman at various Koc Group companies. Ali Y. Koc 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. Mr. Koc received his BA degree in Business Administration from William Marsh Rice University in 1989, and his MBA degree from Harvard University in 1997. He also completed three advanced level degrees in Mathematics, Economics and Geography, as well as nine ordinary level degrees at Harrow School in London. He served as Member of the Board of Directors of the Company between 2010 and February 22, 2016.

Ahmet Ashaboglu

Mr. Ahmet Fadil Ashaboglu has served as Chief Financial Officer of Koc Holding Inc. since January 1, 2006. He worked as Research Assistant at Massachusetts Institute of Technology, Cambridge in 1994. Later, he worked for UBS Warburg, New York as Associate Director of American treasury bonds trading, and in UBS Warburg, Philadelphia as Head Trade and Branch Manager - FX Options between 1998 and 1999. He performed as Engagement Manager at McKinsey&Company in New York between 1999 and 2003. Mr. Ashaboglu joined Koc Holding as Finance Group Coordinator in 2003, and served in this post until his current appointment. Mr. Ashaboglu graduated from German High School. He has a BSc degree in Mechanical Engineering from Tufts University, and an MSc degree in Mechanical Engineering from Massachusetts Institute of Technology.

Faik Acikalin

Mr. Faik Acikalin serves as President of Banking and Insurance Group of Koc Holding Inc. since August 1, 2011. After earning his BS degree in Business Administration from Middle East Technical University, he began his banking career as a Management Trainee at Interbank (in 1987). In May 1998, he joined Disbank 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, he was appointed as Deputy CEO and member of the Board of Directors. In December 2000, he became the President of Disbank. In October 2007, he resigned from his duties at Fortisbank and became CEO at Dogan Gazetecilik. In April 2009, he was appointed as Executive Director of Yapi Kredi’s Board of Directors and was also appointed as Chairman of the Executive Committee. In 2010, he was also appointed CEO of Koc Financial Services, and on August 1, 2011, he became President of Koc Holding's Banking and Insurance Group. At the same time he serves as Chairman of Yapi Kredi Asset Management, Yapi Kredi Invest, Yapi Kredi Leasing, Yapi Kredi Factoring, Yapi Kredi Insurance, Yapi Kredi Pension, Yapi Kredi Bank Nederland NV, Yapi Kredi Bank Azerbaijan, Yapi Kredi Bank Moscow, Unicredit Menkul Degerler, Koc Tuketici Finansmani, as Vice Chairman of Banque de Commerce et de Placements S.A. and as Director of the Banks Association of Turkey.

Ismail Cimen

Mr. Ismail Cenk Cimen has served as President of Automotive Group within Koc Holding Inc. since June 5, 2009. He joined the Koc Group in 1991 as 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 between 1996 and 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 Otokoc. In 2005 his responsibility was extended to include the General Manager role for Birmot A.S., also assuming responsibility for Avis car rental. He has been serving as the President of Automotive Group at Koc Holding since June 2009. Mr. Cimen graduated from Istanbul Teknik Universitesi, Industrial Engineering in 1991 and completed Executive Development Programs at Stanford University (USA) and the University of California at Los Angeles (USA).

Fatih Ebiclioglu

Dr. Fatih Kemal Ebiclioglu has served as President of Consumer Durables Group within Koc Holding Inc. since February 2015. After graduating from Ankara University, Faculty of Political Science, Department of International Relations, Fatih Ebiclioglu received a Master’s degree in Finance from the Virginia Commonwealth University, and earned a PhD degree in Finance-Accounting from Ankara University Faculty of Political Science. Between 1989 and 2002, Mr. Ebiclioglu 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).

Yagiz Eyuboglu

Mr. Yagiz Eyuboglu has served as President of Energy Group within Koc Holding Inc. since April 2016. He was Human Resources Director of the Company from 2007 to October 6, 2009. He began his career in Arcelik A.S. as Management Trainee in 1991. He became Assistant Auditor in Koc Holding A.S. in 1993, and was promoted to Auditor in 1996. From 1999 to 2001, he acted as Assistant Financial Coordinator of the Holding, and was appointed as Financial Coordinator in 2002. Mr. Eyuboglu joined Arcelik A.S. as Chief Financial Officer and Assistant General Manager in 2004. He became General Manager of Beko Elektronik A.S. in 2005. He was appointed as Vice President of Foreign Trade and Tourism of the Holding in 2006, and served in this post until his current appointment. In 2009 he joined Aygaz A.S. where he served as the C.E.O. of the company until October 2015. He was appointed to Koc Holding as the Deputy President of Energy Group in October 2015. Mr. Eyuboglu received his BSc degree in Economics from Bogazici Universitesi in 1991 and his Executive MBA degree in Business Administration from Koc Universitesi in 1996. He currently serves as a Board Member both in several Koc Holding companies and sectoral non-governmental organizations.

Ibrahim Hasimoglu

Mr. Ibrahim Tamer Hasimoglu has served as President of Tourism, Food and Retailing Group within Koc Holding Inc. since April 2011. He began his career in the Holding as Management Trainee in the Planning Department in 1989. Between 1993 and 1995, he worked as Planning Specialist, and was appointed as Planning Manager in 1995. He performed as Strategic Planning Coordinator between 1997 and 2003, and was appointed as Strategic Planning Group Vice President in January 2004. Mr. Hasimoglu graduated from Istanbul German High School, and received his degree in Mechanical Engineering from Istanbul Teknik Universitesi, and his degree in International Business from Istanbul Universitesi. He serves as a Board member of some Koc Group companies and is a member of TUSIAD, member of the Tourism Investors’ Organization and member of the Board of HEV.

Ali Uzun

Mr. Ali Tarik Uzun has served as President of the Audit Group within Koc Holding Inc. since 2004. He began his career as a tax auditor in the Ministry of Finance in 1985. He joined the Company as Financial Affairs Assistant Coordinator in the Auditing and Financial Control Group in 1992, and performed as Financial Coordinator in the group between 1996 and 2003. Mr. Uzun graduated from Mersin Ataturk High School. He received his BA degree in Economics from the Faculty of Political Sciences of Ankara Universitesi, and his MBA degree from Koc Universitesi. He is a member of TUSIAD, TURMEPA and Alumni Association of Ankara University Faculty of Political Science.

Emine Alangoya

Ms. Emine Alangoya has served as Accounting Director of Koc Holding Inc. since 2006. She began her career in the Holding as a trainee in the Financial Department in 1970. She joined Burosan A.S. as Accounting Manager in 1977, and was appointed as Accounting Manager of the Holding in 1980, a post she held until her current appointment. She acts as Member of the Turkish-Japanese Society and Besiktas Sport Club. Ms. Alangoya graduated from Marmara Universitesi (Istanbul Academy of Commerce and Economics) with a degree in Economics in 1970.

Utku Pazar

Mr. Utku Baris Pazar has served as Strategy and Business Development Director of Koc Holding Inc. since 2016. He holds a Master of Business Administration degree from Goizueta Business School, Emory University and a Bachelor of Science degree in Electrical and Electronics Engineering from Middle East Technical University. He previously acted as Strategic Planning Director at Arcelik AS (2015-2016), Chief Technology Officer at Dogus Yayin Grubu (2013-2015), Engagement Manager at McKinsey & Co (2010-2013) amd Senior Solutions Sales Manager at Nokia (Siemens) Networks, Atlanta USA (2005-2010), among others.

Kenan Yilmaz

Mr. Kenan Yilmaz has served as General Counsel of Koc Holding Inc. since 2006. He acts as President of Koc Universitesi's Alumni Association. He is founding Member and Board Member of Turkish Institute of Nautical Archaeology (TINA) and founding Member of Turkish Center for Ethical Values Foundation. Mr. Yilmaz received his Juris Doctor degree from Istanbul Universitesi's Law School in 1983; his Master of Legal Letters degree in International Business Transactions from Tulane University's Law School in 1989, and his Executive MBA degree from Koc Universitesi in 1998. Mr. Yilmaz is a founding member of Turkish Center for Ethical Values Foundation and founding member and Vice Chairman of the Board of Directors of Turkish Institute of Nautical Archeology (TINA) and Vice Chairman of the Board of Directors of Koç Holding Pension and Support Fund Foundation, and a member of TUSIAD and Koç University Alumni Association.

Ozgur Akkol

Mr. Ozgur Burak Akkol has served as Human Resources Director of Koc Holding Inc. since April 2014. After receiving his Bachelor’s degree in Industrial Engineering from Istanbul Technical University, he completed the Executive MBA program and received a Master’s degree from Koc University in 2011. As he continued his professional career, he successfully graduated from Harvard Business School and Columbia University completing the “Executive Development” and “Leadership Education” programs. Akkol started his career in 2001 in the USA, as a Production and Productivity Specialist at Nautilus Foods. After working abroad, he returned to Turkey and started working for Koc Holding in 2003, as a Human Resources Assistant Specialist. He worked as a Human Resources Specialist between 2004 and 2005, and as an Audit Specialist and Senior Audit Specialist between 2005 and 2009. Mr. Akkol then worked as a System Development and Human Resources Manager between 2009 and 2010, and as a System Development and Human Resources Coordinator between 2010 and 2014.

Ufuk Ciplak

Mr. Ufuk Ciplak has served as Director of Public Affairs of Koc Holding Inc. since 2015. He graduated from Hacettepe University in French Language and Literature in 1987. He began his professional career in 1987 at the Ministry of Foreign Affairs, Directorate General of Protocol. Subsequently, he served as Attache at the Embassy in Sana, Yemen (1990-1992), Attache at the Embassy in Rome (1992-1995), Deputy Undersecretary for Financial & Administrative Affairs (1995-1996), Attache at the Permanent Mission of Turkey to the United Nations in New York (1996-2000), Chief of Cabinet to the General Secretary for EU Affairs (2000-2002), Attaché at the Embassy in Athens (2002-2006), and Training Coordinator (2006-2009). Mr. Ciplak joined Koc Holding in 2009 as Public Affairs Manager, and later served as Public Affairs Representative between 2012 and 2013, and Public Affairs Coordinator from 2013 to 2015.

Oya Unlu Kizil

Ms. Oya Unlu Kizil has served as Director of Corporate Communications and External Affairs of Koc Holding Inc. since 2007. She began her career as Prime Ministry Privatization Specialist in the Privatization Administration in 1992. She became Portfolio Manager in the Middle East and North Africa Regions in World Bank in 1997. She joined Turkish Republic Ministry of Economy as Chief of Staff and Chief Adviser of the Minister of Economy in 2001. Ms. Unlu Kizil was appointed as Advisor to the Chief Executive Officer in 2003, and performed in this post until her current appointment. She is Board Member of Istanbul Foundation for Culture and Arts, Turkish Family Health and Planning Foundation, Business Council for Sustainable Development - Turkey and Education Reform Initiative. She is also Member of Turkish Industry and Business Association. Ms. Unlu Kizil received her BA degree from Middle East Technical University, and her MBA degree from George Washington University. She was Corporate Communications Coordinator of the Company between 2004 and 2007. is a member of TUSIAD and a member of the Board of Directors of Istanbul Foundation for Culture & Arts (IKSV), Sustainable Development Association (SKD), Education Reform Initiative (ERG), and Turkish Family Health and Planning Foundation.

Kemal Uzun

Mr. Kemal Uzun has served as Tax Management Director of Koc Holding Inc. since January 2011. He was Audit Group Coordinator of the Company from April 2006 until January 2011. He holds a Master’s degree from University of Illinois, College of Business and studied at the Department of Business Administration of Ankara Universitesi. He previously worked at the Ministry of Finance as Head of Department (2003-2005), Head of Group Presidency of Revenue Administration (2005-2006) and Head of Department in Presidency of Revenue Administration Department (2006).

Tahsin Saltik

Mr. Tahsin Saltik has served as Secretary General of Koc Holding Inc. since 2002. He began his career in the Holding as Finance Expert in 1988. Between 1991 and 1996, he acted as Assistant Financial Coordinator of the Holding, and was appointed as Financial Coordinator in 1996. He is founding Member and Auditor of Marine Archaeology Foundation of Turkey (TINA) and Member of Deniztemiz Turmepa Turkish Marine Environment Protection Association. Mr. Saltik graduated from Ataturk High School in 1974, and received his BA degree in Economics from Hacettepe University in 1979, and his MBA degree from New York Institute of Technology in 1988.

Semahat Arsel

Ms. Semahat Sevim Arsel has served as Member of the Board of Directors of Koc Holding Inc. since 1964. She is Member of the Company's Executive Committee. She began her career in 1964 as a member of Koc Holding Board of Directors, a position she continues to hold. In addition, she is the Chairman of the Board of Directors of Vehbi Koç Foundation, Chairman of the Divan Group Board of Directors, Chairman of Semahat Arsel Nursing Education and Research Center and Second Chairman of Florence Nightingale Foundation. She is also the founder of Koc University School of Nursing.Ms. Arsel studied at the American College for Girls in Istanbul and the Gothe Institute of the J.W.Goethe University in Germany.

Bulent Bulgurlu

Dr. Bulent Bulgurlu has served as Member of the Board of Directors of Koc Holding Inc. since April 21, 2010. He is Member of the Company's Governance, Nomination and REmuneration Committees. He was General Manager, Member of the Board of Directors of the Company between May 1, 2007 and April 21, 2010. He began his career as Civil Engineer in Elliot Stromme A.S., Oslo in 1972, and joined Intes A.S. in 1977, as Project Manager. In 1979, he joined Garanti Insaat as Civil Engineer, where he later performed as Engineering, Planning and Construction Manager, Construction Site Coordinator, Vice General Manager and General Manager between 1979 and 1990. He was General Manager of Garanti Koza Insaat A.S. from 1990 until 1996. Dr. Bulgurlu joined Koc Holding A.S. as Tourism and Services Group Vice President in 1996, and was promoted to President of the group in 2000. He was appointed as President of Tourism and Construction Group in 2001, and Durable Goods and Construction Group President in 2004. Dr. Bulgurlu graduated from Gazi Universitesi with a Bachelors degree. He received his Masters degree in Civil Engineering from Norges Teknisk-Naturvitenskapelige Universitet - NTNU in 1972 and his Ph.D. degree in Civil Engineering from the same university in 1977.

Kwok Fung

Dr. Kwok King Victor Fung has served as Member of the Board of Directors of Koc Holding Inc. since 2017. Between April 7, 2011and 2017 he was Independent Member of the Board of Directors of the Company. He received his Bachelor’s and Master’s degrees in Electrical Engineering from the Massachusetts Institute of Technology, and a doctorate in Business Economics from Harvard University. He was the Chairman of the Hong Kong Trade Development Council (1991-2000), the Hong Kong representative on the APEC Business Advisory Council (1996-2003), Chairman of the Hong Kong Airport Authority (1999-2008), Chairman of The Council of The University of Hong Kong (2001-2009), Chairman of the Greater Pearl River Delta Business Council (2004 to February 2013), Chairman (July 2008-June 2010) and Honorary Chairman (July 2010-June 2013) of the International Chamber of Commerce, a member of WTO Panel on Defining the Future of Trade (2012-2013) and a vice Chairman of China Center for International Economic Exchanges (2009-2014). Dr. Fung is the Group Chairman of the Fung Group (formerly known as the Li & Fung Group), a Hong Kong-based multinational which comprises major subsidiaries in trading, logistics, distribution and retailing. They include publicly-listed Li & Fung Limited, Global Brands Group Holding Limited, Convenience Retail Asia Limited and Trinity Limited. In July 2015, Dr. Fung was appointed Chairman of the Advisory Board of Asia Global Institute at the University of Hong Kong. He is also Member of the Chinese People’s Political Consultative Conference, a member of the Economic Development Commission of the Hong Kong Government, Chairman of the Steering Committee on the Hong Kong Scholarship for Excellence Scheme and an adviser of the Infrastructure Financing Facilitation Office of the Hong Kong Monetary Authority. Dr. Fung is an independent non-executive Director of Chow Tai Fook Jewellery Group Limited in Hong Kong. He is also Chairman of the Asia Advisory Board of Prudential Financial, Inc (USA).

Ipek Kirac

Ms. Ipek Kirac has been Member of the Board of Directors of Koc Holding Inc since 2016. Since March 2012, she has been the Board of Directors Member and CEO of Sirena Marine Maritime Industry and Trade Inc.; a subsidiary of Kiraca Holding. Besides being a founding member of the Suna and Inan Kirac Foundation, she continues to work as an Executive Board Member for Koc Private High School, Board of Directors Member for Temel Trade and Investment Inc., Board of Directors Member for American Hospital Health Services Trade Inc., Board of Directors Member for Zer Central Services Inc. and Board of Trustees Member of TEGV (Educational Volunteers Foundation of Turkey) and GEV (Galatasaray Education Foundation). She graduated from Koc Private High School in 2002 and from Brown University Department of Biology in 2007.

Caroline Koc

Ms. Caroline Nicole Koc has been Member of the Board of Directors of Koc Holding Inc since 2016. Ms. Koc started her professional career in 1992 at Edwards of Hisar, where she acted as the managing director until 1998. Subsequently, she founded Ilkadim Play and Education Center for Kids in 1998. She was the acting manager of the Center until 2003. She is the founder and the current Chairwoman of Haremlique Istanbul and Selamlique Turkish Coffee brands since 2008. Ms. Koc has always been an active contributor to philanthropic organizations. She is the Chairwoman of Turkish Family Health and Planning Foundation, a Board Member at Tohum Autism Foundation, a Founding Member of Tina Foundation and a Founding Member of the Contemporary Education Foundation. She holds a Bachelor’s degree in Business Administration from Babson College, USA.

John McArthur

Prof. Dr. John Hector McArthur has served as Member of the Board of Directors of Koc Holding Inc. since March 26, 1999. He was Dean of Harvard University's Graduate School of Business Administration from 1980 to 1995. In 1973, McArthur was appointed as the Sylvan C. Coleman Professor of Financial Management, and in 1980, the George F. Baker Professor of Business Administration. He performed in many companies as Board Members, including BCE Inc, Cabot Corporation, Columbia/HCA Healthcare Corporation, Glaxo Welcome Plc, Springs Industries, Inc., Rohm and Haas Company and The Vincam Group, Inc. For many years, he also served as chair of the Brigham and Women's Hospital. Later he was founding Co-Chair of the Board of Trustees of Partners HealthCare System, Inc. He currently chairs the Asia Pacific Foundation of Canada and is a member of the Board of Directors of Duke University Health Systems, Stemnion, Inc., Aileron Therapeutics, and the Thomson Reuters Founders Share Co. Ltd. He has been a Director of Chase Manhattan Corporation, a Trustee in Bankruptcy of Penn Central Transportation Company, a founding Board Member of the Canada Development Investment Corporation and a member of the Task Force on the Future of the Canadian Financial Services Sector. Prof. Dr. McArthur received his Bachelors degree in Forestry from University of British Columbia in 1957, and his MBA degree From Harvard Business School of Harvard University in 1959. He completed his Ph.D. degree in Business Administration from the same university in 1963. Prof. Dr. McArthur also has honorary doctorate degrees from Middlebury College, Queens University, Simon Fraser University, British Columbia University, Western Ontario University and Navarra University. He received the Management Achievement Award from McGill University; Harvard Statesman Award from Harvard Business School, and Canadian Business Leadership Award from HBS Clubs.

Heinrich Pierer

Prof. Dr. Heinrich Karl Friedrich Eduard V. Pierer has served as Member of the Board of Directors of Koc Holding Inc. since January 30, 2008. He joined Siemens AG's Legal Division of the Corporate Finance Department in 1969. From 1977 until 1987, he worked in various commercial assignments in Sales and Marketing, as well as at the Mulheim Plant and Corporate Departments of Kraftwerk Union AG, a Siemens subsidiary. In 1988, he served as Head of Business Administration of Siemens Power Generation Group (previously known as Kraftwerk Union AG), and was appointed as President of the Power Generation Group in 1989. In 1989, he was also elected Member of the Managing Board of Siemens AG. He became Member of the Corporate Executive Committee of Siemens AG in 1990, and was elected Deputy Chairman of the Managing Board of Siemens AG in 1991. Prof. Dr. V. Pierer was appointed as President and Chief Executive Officer of Siemens AG and Head of the Corporate Development Department with special responsibilities in Corporate Executive Committee, Corporate Technology Department, Corporate Communications, Chief Economist, Corporate Relations and Siemens Management Consulting. Between 2005 and 2007, he acted as Chairman of the Supervisory Board Siemens. Prof. Dr. V. Pierer received his Juris Doctor degree in Law and Economics from Friedrich-Alexander-Universitaet Erlangen-Nuernberg. He also has honorary doctorate degree in Industrial Economics from the same university.

Kutsan Celebican

Mr. Kutsan Celebican serves as Independent Member of the Board of Directors of Koc Holding Inc. He has been Member of the Company's Board of Directors since 2013. He is Audit Committee Chairman, as well as Corporate Governance Committee Chairman of the Company. He began his career at the Ministry of Finance-Tax Auditors Board in 1969, served as Deputy General Director at the General Directorate of Treasury-Ministry of Finance between 1979 and 1982 and then appointed as Assistant to Executive Director in World Bank (IBRD). He joined Koc Group in 1987 and served as Finance Coordinator, Vice President and President of the Finance Group. He retired as of December 2001. Currently he is running his own business as financial consultant. He graduated in Political Science from Ankara Universitesi.

Omer Dinckok

Mr. Omer Dinckok has been Independent Member of the Board of Directors at of Koc Holding Inc. since 2017. Following the completion of his BA studies at Robert College, Istanbul, he acquired his postgraduate degree in the UK. Ömer Dinckok’s entrance into business life was with the Akkok Holding, which embodies some of the country’s leading industrial and trading companies operating in energy, chemicals, textile and real estate, founded by his father the late Mr. Raif Dinçkök in 1952. He took responsibilities as chairman, vice chairman and board member at Akkok Holding and various companies within the group until mid-2012. He founded Atlantik Holding in 2008 to amalgamate and oversee the performance of the family holdings. Starting in the second half of 2012, he decided to focus his entrepreneurial efforts solely on planning and guiding the activities of Atlantik Holding, which is one of the three equal partners of Akkok Holding. Mr. Dinckok has actively contributed to the establishment and/or development of the business and philanthropic organizations below: Honorary Chairman of the Turkish Industrialists’ and Businessmen’s Association (TUSIAD) (2011-present); Honorary Member of the Assembly at the Istanbul Chamber of Industry (ISO) (2008-present); Member of Board of Trustees at Koç University (2006-present); Member of Board of Trustees (2007-present), President of Board of Trustees (2004-2007), President (2001-2004) and Vice President (1994-2001) of the Turkish Education Foundation (TEV); Founding Member and Member of the Board at the Educational Volunteers Foundation of Turkey (TEGV) (1995-present); Chairman of the Assembly at the Istanbul Chamber of Industry (ISO) (1992-2001); Chairman of the Industrial Counsel at the Turkish Union of Chamber of Commerce and Industry (TOBB) (1992-2000); Member of Board of Trustees at Wilberforce University in Ohio, USA (1989-2000); Chairman of the Turkish Industrialists’ and Businessmen’s Association (TÜSIAD) (1987-1989).

Muharrem Kayhan

Mr. Muharrem Hilmi Kayhan serves as Independent Member of the Board of Directors of Koc Holding Inc. He has been Member of the Company's Board of Directors since 2012. He is the Company's Audit Committee Member, Risk Management Committee Chairman, as well as Nomination and Remuneration Committee Chairman. He received education at St. Joseph French School and Robert College of Istanbul. He got his Engineering Degree in Textiles in 1976 from the University of Manchester in England. He received his MBA from Cornell University in 1978. He is presently Chairman of the Board of Soktas which operates in textile and agriculture sectors. He has served on the boards of the Aegean Chamber of Industry, the Aegean Exporters’ Union, and the Turkish Textile Employers’ Union. He served as the Chairman of TUSIAD between 1997 and 1998 and elected as Chairman of TUSIAD High Advisory Council in January 2001 and is one of its Honorary Chairmen since 2005. Mr. Kayhan serves on the Board of Trustees of Robert College, and the Izmir Culture, Art and Education Foundation. He has represented Spain as Honorary Consul in Izmir since 2003. He is the recipient of the Turkish National Assembly Distinguished Service Award (2009).

Anne Lauvergeon

Ms. Anne L. Lauvergeon serves as Independent Member of the Board of Directors of Koc Holding Inc. She has been Member of the Company's Board of Directors since 2016. She is a graduate of the Ecole Normale Superieure and Ecole Nationale Superieure des Mines de Paris (Mining Engineer). She holds an advanced degree in Physics & Chemistry. She started her professional career in 1983, in the iron and steel industry (Usinor). In 1984, she directed the European nuclear safety studies applied to the chemical industry for CEA (Commissariat a l’Energie Atomique, the public technological research organization in France). From 1985 to 1988, she supervised the underground activities in and around Paris and was appointed, in 1988, Deputy Director of the General Mining Council. From 1990 to 1995, she worked for the French President’s office, in charge of international economy and foreign trade missions and Deputy Chief of Staff in 1991. At the same time she became Personal Representative to the French President, in charge of the G7/G8 Summits. In 1995, she became Managing Director and Partner of Lazard Freres (New York, Paris). In March 1997, she joined Alcatel Telecom as Senior Executive Vice President and was appointed Member of the Executive Committee in July 1998. From July 2001 to June 2011, after its creation, she was Chief Executive Officer of AREVA. From June 1999 to June 2011, she was Chairman and Chief Executive Officer of COGEMA (now AREVA NC). Since 2011, she has served as Founder and CEO of A.L.P a French advisory and investments company. Since 2013, she has served as the Head of Innovation 2030 National Committee. Since 2014, she has been the Chairman of the Board of Sigfox, a French start-up that operates a cellular network dedicated exclusively to short messages. Since 2015, she has been the Chairman of the Board of BoostHEAT, which develops and manufactures a new generation of heat pump boilers.

Jacques Nasser

Mr. Jacques Albert (Jac) Nasser serves as Independent Member of the Board of Directors of Koc Holding Inc. He has been Member of the Company's Board of Directors since 2015. Mr. Nasser served as a member of the Ford Board of Directors, and as President and Chief Executive Officer. He was most recently the Chairman of BHP Billiton and has served on the Boards of Brambles and Sky. From 2002-2010 he was also a Partner of One Equity Partners, the private equity arm of JPMorgan. Jacques Nasser is presently on the Board of 21st Century Fox and is an Advisor to One Equity Partners, a private equity firm. Mr. Nasser graduated in Business from RMIT University in Melbourne, Australia, and received a Doctorate of Technology honoris causa. In recognition of his work for industry, the community and as an advisor to government, he has received awards in Australia, Lebanon and the United States.

Mustafa Olgac

Mr. Mustafa Kemal Olgac serves as Independent Member of the Board of Directors of Koc Holding Inc. He has been Member of the Company's Board of Directors since 2014. He graduated from Bogazici Universitesi in Mechanical Engineering and completed two master degrees at St. Galler Business School Controlling Engineering and Edinburgh University Fire Engineering. He started his career in 1977 at Koc Allianz Sigorta A.S. He worked as General Manager at Koc Allianz Hayat ve Emeklilik A.S. between 1991 and 2006; CEO of Allianz Turkey between 2001 and 2006; a member of the Board of Directors of Allianz Sigorta A.S. and Allianz Hayat ve Emeklilik A.S. and as Chairman of Allianz Global Assistance and Magdeburger Insurance between 2001 and 2014. He served as member of Turkey Insurance Association Board of Director, Chairman of Turkish Insurance Institute Foundation Board of Trustees, member of YASED International Investors Association, member and Chairman of EGM Pension Monitoring Center Board of Directors. He is an Independent Member of Avicennia Capital Sdn Bhd (subsidiary of Khazanah group which is strategic investment fund of the Malaysian government) and Acibadem Saglik ve Hayat Sigorta A.S. Board of Directors. He is also the Chairman of Akasya Bakim ve Yasam Merkezi A.S. He is a member of TUSIAD and 1907 Fenerbahce Association.

Gizem Bodur