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Erkut Yücaoğlu

Dr.Erkut Yücaoğlu is the major shareholder and CEO of the MAP / TURKUAZ group of companies, based in İstanbul, Turkey. The Group is involved primarily in project development and investment in the areas of energy, tourism, real estate, and electronic commerce, and has a total annual revenue of approximately $ 70 million. The Group employs about 350 people. In terms of power development activities, the Group has developed and managed joint projects with General Electric in Turkey and Turkmenistan. The Group was also involved in Barter/Counter trade in the CIS. MAP operates a service network in B2B electronic commerce in Turkey, acts in advisory capacity in power development projects. A bio-fuel company, TARKIM, manufactures motor grade fuel additives, ethanol and DME. In the tourism sector, the Group has been active through an investment company, TURKUAZ, and a holiday resort complex in Southern Turkey, TEKİROVA TURIZM A.Ş. In the real estate domain, BEYAZ Danışmanlık owns and manages a commercial real estate portfolio, and OLIMPOS is a development and construction company. Dr.Erkut Yücaoğlu was the Regional Director of General Electric between 1983-1992. Dr.Erkut Yücaoğlu was the Chairman of TÜSİAD, Turkish Industrialists’ and Businessmen’s Association, during the 1999-2000 term. Prior to his election as Chairman, he served on the Board of Directors of TÜSİAD for 10 years. Currently Dr.Erkut Yücaoğlu is the Chairman of TÜSİAD’s High Advisory Council, and a Board Member of Sabancı Holding. He is married and has 2 sons. He has a Ph.D., Prof.Eng. and M.S. in Industrial Engineering, earned from Stanford University, and he has a B.S. in Mechanical Engineering from Robert College.
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