Leading Turkish businessman Mustafa Ko dies of heart attack aged 55
(MENAFN- The Journal Of Turkish Weekly) Mustafa Koç the chairman of Turkey's largest conglomerate died of a heart attack on Jan. 21 the Vehbi Koç FoundationAmericanHospital in Istanbul has announced.
He had been brought to Istanbul’s Beykoz State Hospital on the morning of Jan. 21.
Koç was later transferred to the Vehbi Koç FoundationAmericanHospital (Amerikan Hastanesi) which his family owns by helicopter.
The Beykoz State Hospital had said Koç suffered a heart attack while exercising. First aid was provided by his bodyguard and exercise coach and he had been resuscitated at the hospital it added.
Koç Holding also expressed “deep sorrow” on its Twitter account sending its condolences while also noting that its chairman lost his life despite all medical efforts.
PresidentRecep Tayyip Erdoanhas also reportedly called Rahmi Koç and Ali Koç to offer his condolences to the family.
Born in 1960 Koç was educated at the Lyceum Alpinum Zuoz in Switzerland and graduated from George Washington University in 1984. As a third-generation member of the Koç family he was appointed president of Koç Holding in 2003 replacing his retired father Rahmi Koç.
During his term a number of Koç businesses posted very high growth levels and became much more global.
Koç Holding has been the only Turkish business group on the Fortune 500 Global List. According to latest data from the Istanbul Chamber of Industry there are five Koç companies in Turkey’s largest industry companies. Koç Holding owns Turkey’s oil refinery Tüpra two major automotive producers in metal Tofa and Ford Otosan home appliance maker Arçelik and LPG for cars and bottled gas retailer Aygaz on the SO’s latest annual list. The group also owns Yap Kredi Bank fuel distribution company Opet and defense maker Otokar among others.
Turkish energy giant Tüpra was also named the country’s export champion in 2014 while its partnered foreign carmakers dominated the top 10 list of leading exporters according to a survey by the Turkish Exporters’ Assembly (TM).
On the top ten list car maker Ford a joint venture of Ford and Koç Holding followed Tüpra. Arçelik was in the sixth spot followed by Italian automotive giant Fiat’s local partner with Koç Holding Tofa.
Koç Holding made around 45 percent of Turkey’s car production and 43 percent of the country’s total car exports. Its share in the country’s total exports is around 10 percent.
Koç was the head of the High Advisory Council of Turkey’s top business organization TÜSAD between 2005 and 2010. He was also the honorary president of the High Advisory Board of TÜSAD and a member of the Foreign Economic Relations Board (DEK).
He had been brought to Istanbul’s Beykoz State Hospital on the morning of Jan. 21.
Koç was later transferred to the Vehbi Koç FoundationAmericanHospital (Amerikan Hastanesi) which his family owns by helicopter.
The Beykoz State Hospital had said Koç suffered a heart attack while exercising. First aid was provided by his bodyguard and exercise coach and he had been resuscitated at the hospital it added.
Koç Holding also expressed “deep sorrow” on its Twitter account sending its condolences while also noting that its chairman lost his life despite all medical efforts.
PresidentRecep Tayyip Erdoanhas also reportedly called Rahmi Koç and Ali Koç to offer his condolences to the family.
Born in 1960 Koç was educated at the Lyceum Alpinum Zuoz in Switzerland and graduated from George Washington University in 1984. As a third-generation member of the Koç family he was appointed president of Koç Holding in 2003 replacing his retired father Rahmi Koç.
During his term a number of Koç businesses posted very high growth levels and became much more global.
Koç Holding has been the only Turkish business group on the Fortune 500 Global List. According to latest data from the Istanbul Chamber of Industry there are five Koç companies in Turkey’s largest industry companies. Koç Holding owns Turkey’s oil refinery Tüpra two major automotive producers in metal Tofa and Ford Otosan home appliance maker Arçelik and LPG for cars and bottled gas retailer Aygaz on the SO’s latest annual list. The group also owns Yap Kredi Bank fuel distribution company Opet and defense maker Otokar among others.
Turkish energy giant Tüpra was also named the country’s export champion in 2014 while its partnered foreign carmakers dominated the top 10 list of leading exporters according to a survey by the Turkish Exporters’ Assembly (TM).
On the top ten list car maker Ford a joint venture of Ford and Koç Holding followed Tüpra. Arçelik was in the sixth spot followed by Italian automotive giant Fiat’s local partner with Koç Holding Tofa.
Koç Holding made around 45 percent of Turkey’s car production and 43 percent of the country’s total car exports. Its share in the country’s total exports is around 10 percent.
Koç was the head of the High Advisory Council of Turkey’s top business organization TÜSAD between 2005 and 2010. He was also the honorary president of the High Advisory Board of TÜSAD and a member of the Foreign Economic Relations Board (DEK).
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