CORPORATE GOVERNANCE

Board Of Directors and Top Management

M.Tuğrul Tekbulut - Chairman and Logo Group Chief Technology Officer

M.Tuğrul Tekbulut

Chairman and Logo Group Chief Technology Officer

Mr. M. Tuğrul Tekbulut graduated from Bosporus University’s Department of Electrical Engineering in 1980 and received his master’s degree in 1983 from the same department. In 1999, he completed the Owner and President Management program, an executive education program offered by Harvard Business School. He received a master’s degree in bioengineering from the Sabancı University in 2006. In 1984, he established the software initiatives that come under the Logo Group. Mr. Tekbulut also led the establishment of various civil initiatives regarding informatics, innovation and entrepreneurship. He founded TÜSİAD Entrepreneurship and Innovation Working Group and co-founded Turkish Informatics Foundation and Software Industrialists Association between 2006 and 2009. During the same period Mr. Tekbulut served as the Chairman of TÜBİSAD Informatics Industry Association. He is serving as the Chairman of Logo’s Board of Directors and Logo Group CTO. Also he is a member of Logo Group Committee.

M. Buğra Koyuncu - Vice Chairman and Logo Group Chief Executive Officer

M. Buğra Koyuncu

Vice Chairman and Logo Group Chief Executive Officer

Mr. M. Buğra Koyuncu graduated from Istanbul Technical University Department of Control and Computer Engineering Department in 1994. In 1993 he joined Logo as a system analyst. Following his service as a project manager and then as a product development manager, he was appointed as the General Manager of the company in 2004 and as the CEO in October 2011. He is currently serving as the Vice Chairman of Logo’s Board of Directors and Logo Group CEO. Also he is a member of Logo Group Committee.

Murat Erkurt - Board Member

Murat Erkurt

Board Member

Mr. Murat Erkurt is the founding partner of Mediterra Capital Partners. He graduated from the Middle East Technical University Electrical Engineering Department. He also holds an MBA from Columbia Business School, a MSc in Mathematics from Imperial College and a MSc in Electrical Engineering from Northeastern University. Formerly Managing Director in the Private Equity Division of Lehman Brothers, where he worked for 15 years of which 14 years as a private equity investment professional in New York and London, as lead deal partner in investments in 12 companies. He served on the boards of portfolio companies and funds in various jurisdictions, including the UK, Spain, Germany, Denmark, Finland, Czech Republic, Israel, Luxemburg and Guernsey.

M. Cengiz Ultav - Independent Board Member

M. Cengiz Ultav

Independent Board Member

Mr. Ultav was born in Eskişehir on February 26th, 1950. He graduated from Ankara Science High School and received his BSc and MSc degrees from the Electrical Engineering Department (Computer and Control Option) of Middle East Technical University, Ankara, Turkey. He also has a diploma from Philips International Institute, Eindhoven, Netherlands. After working in technical and administrative departments of Bimsa and Info in Turkey, and Dornier System GmbH in Germany, he served as the Assistant General Manager of NCR, Turkey and as the General Manager of Sun Microsystems, Turkey. During the same period, he offered consultancy services to major groups such as Koç, Sabancı, and Eczacıbaşı. He has been supporting Vestel Elektronik’s Executive Committee since 1995 in the areas of strategic planning and investor relations and he was a Board Member of Vestel Elektronik till May 2016. He continues his post as a Board Member of Vestel Ventures ARGE. As an UNDP consultant in Vietnam, he conducted a study for the development of local electronics industry. He is the founding member of both Turkish Informatics Society (TBV) and Turkish Unix Users Group. He is also a certificated consultant of Microsoft in the area of Solution Development Discipline. Awarded by TUBİSAD with the "Lifelong Service Reward" in 2005, Mr. Ultav has been serving as the Chairman of the Executive Board of TTGV since August 2005.

Mehmet Berkay Mollamustafaoğlu -  Independent Board Member

Mehmet Berkay Mollamustafaoğlu

Independent Board Member

Mollamustafaoğlu graduated from METU Electrical and Electronic Engineering. After completing his masters degree in Management Information Systems in Marywood University, he worked in number of technology companies including Smarts, Ernst & Young, and Predictive Systems between 1994 and 2005. In 2005, he co-founded his first software company iFountain in 2005, and in 2012 co-founded Opsgenie. Following acquisition of Opsgenie by Atlassian in 2018, he’s continuing his career leading Opsgenie business unit.

Ahmet Afa Boran - Independent Board Member

Ahmet Afa Boran

Independent Board Member

Afa Boran has over 22 years of experience initially as an equity research analyst and later as an equity portfolio manager. During his career as an analyst (at Natwest Markets and Credit Suisse), he has been ranked several times as the best analyst by Institutional Investor, Extel and Reuters for Southern Europe and Turkey, and later when working in the Middle East as a portfolio manager, he has been ranked several times as the best performing fund manager in the Middle East region. His interviews and commentaries have appeared several times on local as well as international media. Boran holds a masters degree from London Business School in Finance, an undergraduate degree from Jacksonville University, and a CFA degree.

Gülnur Anlaş - Logo Group Chief Financial Officer

Gülnur Anlaş

Logo Group Chief Financial Officer

A graduate of Middle East Technical University, Gülnur Anlaş holds an MBA from Texas Tech University, and MA in Economics from University of Delaware. Started her career in banking as an assistant auditor at Interbank in 1984 and thereafter worked at Chemical Bank and Westdeutsche Landesbank AG in corporate finance. Prior to joining Logo, she served as vice president of finance at the Teba. Gülnur Anlaş joined Logo in 2006 as the Chief Financial Officer. During this period, she has supported Logo's operational efficiency projects and played an active role in the company's acquisitions of nine companies and their efficient integration into Logo. Parallel to Logo’s ongoing strategy to excel in corporate governance, she has focused on conducting ratings and sustainability. Logo is the first software company to become public in 2000, and Anlaş has been responsible for managing investor relations with domestic and international investors. In 2016, she played an active role in the fully marketed offering of Logo’s shares to qualified investors, marking the first successful internationally marketed deal in Turkey since November 2014. Also she is a member of Logo Group Committee.

Hande Yalgın - Logo Group Chief People&Organizational Transformation Officer

Hande Yalgın

Logo Group Chief People&Organizational Transformation Officer

After graduating from Istanbul University Faculty of Economics’ Department of Labor Economics and Industrial Relations, Ms. Hande Yalgın continued studying at Istanbul University’s Human Resources program, and in later years received Coaching Training Institute’s CPCC Co-Active Coach certificate. Ms. Yalgın began her career during her university years and starting in 1998, she served in various positions within HR, Organisational Transformation and Development areas of institutions such as PERYÖN, Koc Holding-Avis Rent a Car, Arkas Holding, Turkcell and Yıldız Holding. Between 2012-2018, she served as the Director of Commercial Units HR Business Partners and Director of Hiring, Talent, Education, Development, Diversity&Inclusion and Employer Brand Management at Vodafone Turkey, respectively. Ms. Yalgın executed many organisational and cultural transformation projects during her career. Between July 2018-June 2019, she has served as an Executive Committee Member in charge of Human and Organisational Transformation Process. Since June 2019, she has been serving as the Chief People and Organizational Transformation Officer of Logo Group. Also she is a member of Logo Group Committee.

Akın Sertcan - Logo Yazılım Turkey General Manager

Akın Sertcan

Logo Yazılım Turkey General Manager

In 1990, Mr. Akın Sertcan graduated from İzmir Dokuz Eylül University Department of Computer Programming. In 1989, he started to work in the IT industry as a sales representative and then served as a sales manager and as a sales coordinator in various companies. In 1996, he joined Logo as a sales channel manager responsible for the Aegean Region. In 2008, he was appointed as the regional manager of the Aegean Region. Between January 2012-June 2019, he has served as an Executive Committee Member. Since June 2019, he has been serving as the General Manager of Logo Yazılım Turkey. Also he is a member of Logo Group Committee.

Arslan Arslan - Logo Retail General Manager

Arslan Arslan

Logo Retail General Manager

Arslan Arslan graduated from the Middle East Technical University - Department of Computer Engineering in 1996 and completed his master’s degree in the Middle East Technical University - Department of Computer Engineering in 1999. He is one of the founding partners of Özgün Yazılım Software Company, a Logo solutions partner. In 1998, he joined Logo as an R&D Software Engineer. Between 2000 and 2005 he worked on R&D projects at Logo’s Frankfurt office. He returned to Turkey in 2005 to work as R&D group manager at Logo’s Ankara office, prior to his appointment as the Director of Infrastructure and Tools in 2006. Between January 2012 and June 2019, he has served as an Executive Committee Member. Since June 2019, he has been serving as the General Manager of Logo Retail Solutions.

Başak Kural - eLogo General Manager

Başak Kural

eLogo General Manager

Kural graduated from İstanbul Technical University Faculty of Business Administration, Industrial Engineering Department in 2003 and from Bilgi University MBA program in 2017. She started her career as a product manager in Beko Elektronik A.Ş. Kural, who started to work in the marketing department of Turkcell İletişim A.Ş. as of 2007, served as the Group Manager responsible from Mobile Internet Revenues in Avea between 2010 and 2014 and then as the Strategy Director responsible from Technology and Regulation Strategies in Turk Telekom Group between 2014-2017. Since March 2017, she has been serving as the General Manager of Logo Elektronik.

Süheyla Özgül - Logo Digital Transformation General Manager

Süheyla Özgül

Logo Digital Transformation General Manager

After graduating from İstanbul Technical University, Engineering Mathematics in 1988 Süheyla Özgül started her career at Link Bilgisayar as software developer. She served as package program developer at Eczacıbaşı Holding and transferred to Eczacıbaşı Group’s new founded IT company Eczacıbaşı Bilişim. Özgül was responsible for the Group’s Software Development and Quality when she left the Group after serving in various position in software develoment processes within the Group between 1992-2009. Between the years 2009-2011, she was responsible for Ceva Logistics’ Cargo, FTL and Internal Porcesses under IT department. She joined Logo as Group Manager for Special Software Projects in 2011 and became the Director for Special Projects in the following year. Since June 2019, Özgül has been serving as the General Manager of Logo Digital Transformation comprising Logo’s all project services and digital transformation consultancy services.

Uğur Nuri Sipahi - Logo Group Coordinator, Information Technologies and Business Processes

Uğur Nuri Sipahi

Logo Group Coordinator, Information Technologies and Business Processes

Mr. Uğur Nuri Sipahi graduated from Bosphorus University Department of Industrial Engineering in 1993 and received his master’s degree in the field of industrial engineering from Marmara University in 1997. Between 1995 and 1997, he worked in the automotive supply industry on quality management. In 1997, he joined Logo as a system analyst and has served for 10 years in the product development department at different levels. Between 2007 and 2009, he has served as a business solutions advisor and between 2009 and 2012 as a product manager. Between January 2012 and June 2019, he served as a member of the Executive Committee. Since June 2019, he has been serving as the Group Coordinator responsible for Logo’s Information Technologies and Business Processes.

Yiğit Çallı - Logo Group Director, Corporate Brand & Communications

Yiğit Çallı

Logo Group Director, Corporate Brand & Communications

After graduating from Sabancı University, Department of Economics in 2004, Mr. Yiğit Çallı started his career at Wella Professional as assistant brand manager. Until the end of 2014, he has worked in various global and local companies as brand and marketing manager within cosmetics, pharmaceuticals, food and beverages sectors. Stepped into IT sector in 2014 and started working at Logo as marketing manager in 2015. In 2018, he took responsibility of Corporate Strategy, Communication and Event Management. Since June 2019, he has been serving as Group Director, Corporate Brand and Communications.

Internal Regulation on Working Principles and Procedures of the General Assembly

Committees

Mümin Cengiz Ultav

(Independent Board Member) President

A. Afa Boran

(Independent Board Member) Member

Mümin Cengiz Ultav

(Independent Board Member) President

M. Tuğrul Tekbulut

Member

M. Berkay Mollamustafaoğlu

(Independent Board Member) Member

Canan Şenkut

Member

M. Berkay Mollamustafaoğlu

(Independent Board Member) President

A. Afa Boran

(Independent Board Member) Member

Mümin Cengiz Ultav

President

M. Tuğrul Tekbulut

Member

M. Berkay Mollamustafaoğlu

(Independent Board Member) Member

Mümin Cengiz Ultav

(Independent Board Member) President

M. Tuğrul Tekbulut

Member

M. Berkay Mollamustafaoğlu

(Independent Board Member) Member

Working Principle of the Committee

Internal Regulation on Working Principles and Procedures of the General Assembly
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Ethical Rules
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Corporate Governance Report

Corporate Governance Rating Report

Shareholding Structure

 

 

10 July 2019

Share (%)

Logo Teknoloji ve Yatırım A.Ş.

8.407.513

33,63%

Free Float (*)

16.592.487

66,37%

 

25.000.000

100,00%

* Including 3,48% treasury shares.

   

 

 

 

Information on Preferred Shares

Company shares representing the capital were divided into two groups, as the A and B groups.

Of these, the privileges granted to Group A shares are as follows:

1) Half of the Board members will be elected from among the candidates nominated by Group A shareholders.

2) The Chairman of the Board is elected from among the board members proposed by Group A shareholders.

Incorporation and Business Information

Policy