Turkey's Petkim board member resigns
By Trend
Kenan Yavuz, board member of Turkey's Petkim petrochemical complex, resigned, the Turkish Haberturk newspaper reported on September 6.
Ertugrul Aydin will reportedly replace Yavuz at the position.
Petkim management board, elected in March 2016, included the head of SOCAR Turkey Enerji Kenan Yavuz, head of Investments Department at Azerbaijan's state oil company SOCAR Vagif Aliyev, SOCAR Vice President for Refining David Mammadov, SOCAR Vice President for Economic Issues Suleyman Gasimov, SOCAR Turkey Enerji's representative Farrukh Gasimov, independent members Tevfik Bilgin, Metin Kilci, Mehmet Emin Birpinar and Mehmet Bostan.
Petkim produces plastic packages, detergents, and is the sole Turkish producer of such products.
The equity participation of shareholders in the capital of the complex was as follows in the first quarter: SOCAR Turkey Petrokimya A.Ş. - 51 percent, SOCAR Turkey Enerji A.Ş. - 5.3216 percent and 43.6784 percent - in free float.
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