USA financial news

Sisecam Pronounces Intention to Appoint Senior Administration at Sisecam Chemical substances Assets LLC and its Subsidiaries

DENVER–(BUSINESS WIRE)–Sisecam Chemical substances USA Inc. (“Sisecam US”), an entirely owned subsidiary of Turkiye Sise ve Cam Fabrikalari A.S. of Istanbul, Turkey (along with Sisecam US, “Sisecam”) at this time introduced its intention to nominate Ertugrul Kaloglu as Chief Govt Officer and Mehmet Nedim Kulaksizoglu as Chief Monetary Officer of Sisecam Chemical substances Assets LLC (“Sisecam Assets”) and its subsidiaries, together with Ciner Useful resource Companions LLC (the “Common Accomplice”) upon the receipt of all requisite US immigration and company approvals (the “Efficient Date”). Upon the Efficient Date, Messrs. Kaloglu and Kulaksizoglu will exchange President and Chief Govt Officer Oğuz Erkan and Chief Monetary Officer Ahmet Tohma, respectively. After the foregoing resignations, Mr. Erkan will stay a member of the board of administrators of the Common Accomplice and proceed to function President and Chief Govt Officer of Ciner Enterprises Inc., which owns 40% of Sisecam Assets, and Mr. Tohma will proceed to function the Ciner Group’s Chief Monetary Officer. Sisecam obtained these administration appointment rights in reference to its acquisition of 60% of Sisecam Assets in December 2021.

Mr. Kaloglu has over 25 years of expertise within the world provide chain in a wide range of sectors resembling automotive, family home equipment, industrial merchandise, and telecommunications. Most lately, he has served as Direct Procurement Director at Sisecam since 2017. Mr. Kaloglu is an industrial engineer with a Bachelor of Science diploma from Center East Technical College and a Grasp of Science diploma from Marmara College.

Mr. Kulaksizoglu has 20 years of expertise with Şişecam within the European and Russian operations. He’s at the moment the Chief Monetary Officer of Pacific Soda LLC, a three way partnership between Sisecam and the Ciner Group, which not directly owns 40% of Sisecam Assets. Previous to his function at Pacific Soda, he was the worldwide head of taxation for Şişecam. He additionally served because the CFO for the glass packaging group of Sisecam’s Russian and CIS operations. He held each a Plant Common Supervisor function in addition to monetary and operational management roles in European and Russian operations of Sisecam and monetary roles in Turkey. He has a level in economics from Dokuz Eylul College and is an alumnus of Harvard Enterprise College’s Common Administration Program.

Sisecam is a world participant in soda ash, chromium chemical substances, flat glass, auto glass, glassware glass packaging and glass fiber sectors. Based 86 years in the past, it is likely one of the largest industrial publicly-listed firms primarily based in Turkey. With manufacturing amenities in 4 continents and in 14 international locations, Sisecam is likely one of the largest glass and chemical substances producers on this planet.

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