Türk <strong>Telekom</strong> Group CEOsLeft-to-Right: Ahmet Eti, Mevlüt Dinç, Bülent Kaytaz, Ali Dülgeroğlu, Abdullah Orkun Kaya, Tahsin YılmazLeft-to-Right: Hakam Kanafani, Erkan Akdemir, Gregg Betz, Ümit Atalay, Aydın ErsözTahsin Yılmaz Türk <strong>Telekom</strong> CEO - General ManagerPlease refer to page 40 for his background.Hakam Kanafani Türk <strong>Telekom</strong> Group CEOPlease refer to page 31 for his background.Erkan Akdemir Avea – CEOErkan Akdemir has been appointed CEO of Avea as of June 2009. Beforejoining Avea, he was the CEO of Cisco Systems Turkey. Previously,he served as the Chairman of Board of Directors of Kablo Net andof Eurasiasat, and he led Türk <strong>Telekom</strong> as the Chairman of Board ofDirectors from 2002 until the privatization of the company. Otherhighlights of his career include key leadership positions in the StatePlanning Organization and being a founding board member of theTelecommunications Regulatory Authority of Turkey. Akdemir has a B.S.degree from the Department of Electrical and Electronics Engineeringof Hacettepe University and an M.S. degree in Telecommunications fromColorado University in USA.Abdullah Orkun Kaya TTNET- CEOAbdullah Orkun Kaya has been the Chief Executive Officer of TTNET sinceNovember 2012. Previously, he was the Chief Financial Officer of TTNETand, before then, the Director of Capital Markets and <strong>Investor</strong> <strong>Relations</strong>at Türk <strong>Telekom</strong>. Mr. Kaya began his professional career at the CapitalMarkets Board of Turkey (SPK) where he worked for six years. Priorto joining Türk <strong>Telekom</strong>, Mr. Kaya held various roles at Merrill Lynch’sLondon office where he was involved with debt instruments and strategicsolutions. Mr. Kaya holds a Bachelor’s Degree in Business Administrationfrom Bilkent University and a Master of Business Administration Degreefrom Massachusetts Institute of Technology (MIT). Kaya is married andhas two children.Gregg Betz Pantel CEOMr. Betz has been the Chief Executive Officer of Pantel (former InvitelInternational) since 2008. Prior to being named as CEO, he served since2000 as Chief Wholesale and International Services Officer at Pantel/Invitel.. He also served as Chief Operating Officer of Euroweb (memberof Pantel group) between 2000 and 2006 and as Regional Manager ofGerber Products Company from 1992 to 1998. He holds a B.S. BusinessAdministration with a concentration in finance.Ümit Atalay İnnova – CEOUpon graduation from Middle East Technical University’s departmentof Computer Engineering in 1984, Ümit Atalay began his working life atITT CR Systems in Denmark in 1985. Atalay worked in various positionsat Alcatel in Germany and Bell Northern Research Company in the UKbetween 1989 and 1992, returning to Turkey in 1992 to take up the roleof Systems Security Manager for Pamukbank. He worked as a managerresponsible for public operations at Otomasyon A.Ş. for five years from1994. A founding partner of Innova IT Solutions Inc., Mr. Atalay has beenworking as a board member in the fields of public projects, large-scaleprojects, and new technology development.Aydın Ersöz İnnova – CEOAfter graduating from Robert College in 1980, Mr. Ersöz completedhis Bachelor’s degree studies in Electrical and Computer Engineeringat Princeton University. He started working in Silicon Valley after hispostgraduate education in the same field at Stanford University. He alsoheld various positions at IBM Turkey for five years from 1988. He has heldvarious management positions at Info Otomasyon AŞ, which he joined in1993, and was General Manager for his last three years there. Then, in1999, he established Innova Bilişim Çözümleri AŞ. and has continued towork as General Manager and Member of the Board at Innova since itspurchase by Türk Telecom AŞ in 2007.Ali Dülgeroğlu Assistt CEOAli Dülgeroğlu graduated from the Computer Engineering Departmentof Istanbul University. He got his MBA degree from New York University.Mr. Dülgeroğlu started his career in the USA in 2011 and continued withdifferent levels of management positions in several companies. Hejoined Turk <strong>Telekom</strong> Group in 2009 with a project management positionin TTNET’s operations. He continued his career as Vice President ofOperations in Assistt where he has been the General Manager sinceNovember 21, 2012. Ali Dülgeroğlu is married and has two children.Bülent Kaytaz Argela CEOAs CEO and founder, Bülent Kaytaz is responsible for market strategy,technological vision, and the execution of them. Mr. Kaytaz has morethan twenty five years of design, development, business developmentand successful leadership experience in the field of telecommunications.Following his lengthy international experience, Bülent Kaytaz broughthis global vision to Turkey in 2000. He then founded two companies inthe telecoms technology arena and led the innovation of both companieswhich he demonstrated through intensive R&D activities. Before foundingArgela, he founded Oksijen Technology, which was formerly a providerof intelligent networks and core infrastructure elements for wirelessand wired communications networks. Within three years of operation,the company brought considerable recognition to the global and Turkishtelecommunications industries through strong regional business growthand global visibility. Among his former roles, he had a five-year stint atNortel and more than 10 years at Alcatel where he managed key softwaredevelopment projects in the areas of communications and the Internetin Belgium, Norway and Turkey. Mr. Kaytaz holds a B.Sc. in Electrics andElectronics from Marmara University, Istanbul, Turkey. He also earneda degree in MIS and an MBA from the European University in Belgium.In addition to his business activities, Mr. Kaytaz has served as a visitinglecturer in computer and communications engineering at MarmaraUniversity.Ahmet Eti Sebit CEOAhmet Eti, the founder of SEBIT AŞ and Sebit LLC (Arizona) and creatorof the award-winning Vitamin and Adaptive Curriculum, is CEO of SEBITand Chairman of Sebit LLC. He began his carrier in 1988 as a researcherin TUBITAK where he founded the Computer Aided Education andMultimedia Research Laboratory. After, in 1996, he founded Sebit andrealized many award-winning global projects such as Akademedia andits Chinese version, Tian-yi. With the acquisition of Sebit by SBS, heacted as the Director of Global E-learning at Siemens and implementedthe Malaysian Math and Science Teaching Courseware DevelopmentProject and iClass, the largest educational R&D project of the EuropeanCommission’s 6th Framework Programme. In 2007 he sold his stake ofSEBIT to Turk <strong>Telekom</strong>. Between 2008 and 2011, Adaptive Curriculum,was honored with several awards including: the CODiE Awards by TheSoftware and Information Industry Association (SIIA) as “The BestOnline Educational Solution” and “The Best Virtual School Solution”,“Best Content Service” award in the World Communication Awardsand “Distinguished Achievement Award” by the Association of USEducational Publishers. In 2001, he was chosen as Turkey’s Most Creativeand Innovative Young Entrepreneur in the World Junior EntrepreneurBusinessman Contest and in 2004 won the Professor Mustafa N. ParlarTraining and Research Association’s Technology Encouragement Award.Mr. Eti received his B.S. and M.S. degrees in Electrical and ElectronicsEngineering from Middle East Technical University. He developed and heldmany projects in various countries for both governments and NGO’s withhis expertise in creating and modeling innovative education solutions, andhe has greatly contributed to the transformation of education globally.Mevlüt Dinç Sobee CEOMevlüt Dinç entered the gaming industry in the UK in 1983. His firstcompany, Vivid Image, achieved many worldwide successes andundersigned games that receive awards worldwide, including EnduroRacer (Amstrad), Last Ninja II (Spectrum/Amastrad), Hammerfist (Amiga),Time Machine (Amiga), First Samurai (Amiga/Nintendo SNES), StreetRacer (Nintendo SNES), and more. He returned to Turkey after workingin the gaming industry in the UK for 15 years, and started to work on a 3Dgame motor called “Actor.” In 2000, Intel used “Actor” in the worldwidedemo of its new P4 2000 processor. Immediately after “Actor,” Mr. Dinçestablished a young team and prepared the Nintendo Game Boy gamecalled “Dual Blades.” Since Sobee’s joining the Turk <strong>Telekom</strong> Group, hehas continued to work as General Manager of Sobee Studios. Mr. Dinçgraduated from the Academy of Economics and Administrative Sciencesin 1979.44TÜRK TELEKOM ANNUAL REPORT 2012
Organizational Structureand ChangesCapital Structure andChangesWhile Türk <strong>Telekom</strong> Group carries out its activities by9 directorates and 6 directorships, Internal Audit Unitreports to the Board of Directors through the AuditCommittee.ShareholderStructure15% Free Float30% Treasury55% Ojer <strong>Telekom</strong>ünikasyon A.Ş.Under the authority of the CEO, there are ninedirectorates including Operations, Technology,Strategy and Business Development, CorporateCustomer, Consumer, Finance, Field ManagementDepartment and the Regional Directorates, HumanResources Support, and Regulations and LegalDirectorate. In addition, there are six directorshipsdirectly reporting to the CEO including CapitalMarkets and <strong>Investor</strong> <strong>Relations</strong>, Program and ProjectCoordination, International Investments, OperationalLegal Services, Purchasing and Corporate CommunicationDirectorships. The Company’s Internal Audit departmentreports to the Board of Directors through the AuditCommittee.In December 2012 it was decided that the SalesDepartment shall be renamed as Consumer Departmentand that this department shall be in charge of end-toendmanagement of all processes relating to residentialsegment customers. It was also decided that theMarketing and Communications Department shallbe renamed as Corporate Department and that thisdepartment shall be in charge of end-to-end managementof all processes relating to corporate segment customers.Additionally, the Customer Care Department wasrenamed the Field Management Department and theRegional Directorates, and it has been decided that theRegional Directorates, who currently report directly tothe General Manager, shall be repositioned to reportdirectly to the Field Management Department. Since ithas been decided that Pantel Group shall be in charge ofinternational wholesale voice and data sales operationsof Türk <strong>Telekom</strong> Group, the International Sales andWholesale Department who had been running theseoperations was abolished.• The Turkish Treasury’s “Group B” bearer non-publicshare ownership is 30%, “Group D” bearer public shareownership is 1.68%. In addition, the Turkish Treasuryowns a “golden share” (Group C share) with a nominalprice of TL 0.01.• “Group A” bearer non-public share ownership of Ojer<strong>Telekom</strong>ünikasyon A.Ş. is 55% and “Group D” bearerpublic share ownership of Oger Telecom Ltd. Company is0.8%.• “Group D” bearer public shares correspond to 15% ofTürk <strong>Telekom</strong>’s paid-in capital.• After the amendment to the Articles of Associationmade on June 30, 2012, and since the 2.25% sharescorresponding to “Group D” bearer non-public sharestransferred to “Group B”, 31.68% shares of the Treasurywithin Türk <strong>Telekom</strong>’s capital structure changed asfollows: Group B 30% and Group D public shares 1.68%.%30Treasury%55Ojer <strong>Telekom</strong>ünikasyon A.Ş.%15FreeFloat46TÜRK TELEKOM ANNUAL REPORT 2012
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