Election Of Executive Board And Appointment Of General Manager

Election Of Executive Board And Appointment Of General Manager

Operational and organisational subjects of our Company has been evaluated in the Board of Directors Meeting which was held after the Extraordinary General Meeting in the Headquarter of our Company on Sunday, September, 30, 2012.

In the Board of Directors Meeting which was held after the Extraordinary General Meeting in the Headquarter of our Company on Sunday, September 30,2012, the subject of the Executive Board has been discussed by the Board of Directors which has the authority of establishing the Executive Board according to the Articles of Association, BALO Executive Board has been established as following;

BALO Executive Board has been established as following;

BALO Chairman of the Board of Directors            –             Bülent KOŞMAZ

Bülent KOŞMAZ BALO                  Chairman of the Board of Directors              
Tahir BÜYÜKHELVACIGİL             BALO Board Member                                                
Sançar Sefer SÜER TOBB              Head of Trade and TIR Department            
Rebii AKDURAK                               İZTO Council Member                                
M. Buğrahan HANAĞASIOĞLU                 BALO Consultant of Board of Directors

                Executive Board will report their operational and technical proposals to the Board of Directors and make improvement studies in order to facilitate the decision of the Board of Directors as making studies and resarches in investment and operation systems as pursuing the governence principles of the Company

Also, it has been decided in the same Board of Directors Meeting that Mr. Huseyin Isteermiş who is Deputy General Manager of our Company has been appointed as General Manager in order to continue his duty as principal beginning from October, 1, 2012.

30/09/2012

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