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KOÇ HOLDİNG ANNUAL REPORT 2014
Milestones
We continue our journey, started in 1926, by continuously
creating added value for all our stakeholders.
1926
ESTABLISHMENT YEARS
1960s
INSTITUTIONALIZATION
16-year-old Vehbi Koç begins his career at his father’s grocery
store in Ankara. He registers it with the Ankara Chamber of
Commerce under the name Koçzade Ahmet Vehbi on May 31,
1926, the date that symbolizes the official foundation of the
Koç Group.
Koç Holding A.Ş. is founded in 1963 with Vehbi Koç as
Chairman of the Board to facilitate rapid growth and
development and build a corporate structure.
1930s
THE FIRST JOINT STOCK COMPANY:
KOÇ TİCARET A.Ş.
Koç Ticaret A.Ş. is established in 1938. This company acts as
the cornerstone and development center for the initiatives that
over time create Koç Group, and is the first in Turkey to
make managers shareholders. Foreign representations are
acquired during this period and Ram Commercial Corporation,
the first Turkish company in the US, is established.
1940s
FIRST INDUSTRIAL VENTURES
In the late 1940s, the Group enters the manufacturing sector.
A joint venture agreement signed with General Electric in 1948
results in Koç Group’s first industrial venture, a light bulb
factory.
1950s
INTERNATIONAL PARTNERSHIPS
In 1951, the first Turkish light bulb was introduced to the
market, following the first Turkish-American joint
investment together with General Electric. An agreement
is made with Ford, which will evolve into the Ford-Otosan
partnership in the coming years.
In 1969, Vehbi Koç Foundation, which is the first and
largest foundation in Turkey, is established to enrich life
and accelerate Turkey’s development.
1970s
FIRST PUBLIC OFFERING
In order to secure capital for large investments that would
contribute to the economic development of Turkey
by directing the savings to investment, the Group focuses on
public offerings. Part of the shares in Aygaz and Koç Holding
are sold to Koç Group employees. The shares of Kav match
factory, established in 1970, are offered to the public.
GROWTH AND EXPORTS
In the 1970s, Koç Group continues its uninterrupted growth
and acquires new companies, concentrates on exports and
establishes foreign trade companies.
1980s
SECOND GENERATION TAKES OVER
A great believer in institutionalization, Vehbi Koç names his son
Rahmi M. Koç Chairman of the Board of Directors in 1984 and
remains as Honorary Chairman of Koç Holding.
1987
VEHBİ KOÇ IS NAMED “BUSINESSMAN OF THE
YEAR”
Vehbi Koç is named “Businessman of the Year” by the
International Chamber of Commerce.
FIRST PRIVATE MUSEUM
The Sadberk Hanım Museum, which currently has a collection
of over 18 thousand artifacts, is established as Turkey’s first
private museum in 1980.
KOÇ HOLDİNG ANNUAL REPORT 2014
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Corporate Values
EVERY YEAR WE FOCUS ON THE FUTURE, WHATEVER THE
The corporate values set by our founder Vehbi Koç will
continue to inspire our Group in the future, just as they
always have in the past.
CIRCUMSTANCES ARE, AND WE RAISE THE BAR HIGHER
AND HIGHER.
1990s
FEBRUARY 25, 1996: THE END OF AN
EXTRAORDINARY LIFE
Vehbi Koç passes away on February 25, 1996 at the age of
95. His extraordinary life was marked by constant activity and
achievements.
In 1992, Koç Holding fully acquires Koç-American Bank, which
was established as a joint venture with American Express
Company in 1986. The Bank is renamed Koçbank.
2000s
A NEW VISION FOR THE NEW MILLENNIUM
Koç Group enters the new millennium with a new global vision:
“To become one of the worlds’s leading companies.”
THIRD GENERATION ASSUMES COMMAND
Rahmi M. Koç turns over the Chairmanship of the Board of
Directors to his eldest son Mustafa V. Koç on April 4, 2003.
Rahmi M. Koç becomes Honorary Chairman of Koç Holding,
a post he continues to hold.
2005-2010
LARGE INVESTMENTS IN ENERGY AND FINANCE
While continuing along its path of sustainable growth, Koç
Group acquires majority stakes in Tüpraş, Turkey’s largest
industrial enterprise and Yapı Kredi Bank, a giant of the
Turkish banking sector.
Koç Holding is Turkey’s leading investment holding
company and the Koç Group is Turkey’s largest industrial
and services group in terms of revenues, exports, taxes, share
in Borsa İstanbul’s market capitalization and employment
generation. Awarded nationally and internationally, Koç
Holding is the Turkish economy’s driving force, continually
striving to consolidate its global position. The Holding is today
the 341st largest company in the world. Koç Holding’s
foremost objective is to continue creating higher added value
for all stakeholders and to manage all its business activities
in accordance with international standards of corporate
governance, customer satisfaction, social responsibility and
environmental protection principles.
SEEING THE FUTURE,
AND THINKING OUT OF THE BOX, WITHOUT COMPROMISING
OUR ROLE AS A THE LEADING PLAYER, WE CONTINUE TO MOVE FORWARD.
WE HAVE COURAGE AND WISDOM IN OUR DNA.
2015
IF NOT US, THEN WHO?
Koç Holding’s slogan and theme for 2015 is “If not us, then
who?”; having determined the theme of 2015 as “If not
us, then who?”; Koç Group, with its 89-year history,
has differentiated itself from competitors by
achieving numerous breakthroughs in Turkey, from
industrialization to globalization, playing key roles
with its market leading positions. Today, as Turkey’s
largest group of companies, Koç Group will continue to create
value for all its shareholders.
WITH THE GOAL OF CARRYING
OUR COUNTRY’S NAME TO
KOÇ HOLDİNG ANNUAL REPORT 2014
KOÇ GROUP GROWS IN BANKING
2011-2014
TURKEY’S LARGEST...
IF NOT US, THEN
Vehbi Koç
Founder
THE CUSTOMER IS THE FOCUS OF
EVERYTHING WE DO.
TO BE “THE BEST” IS OUR ULTIMATE GOAL.
GLOBAL MARKETS WHILE AWARE OF THE FACT THAT
OUR MOST IMPORTANT ASSET IS OUR
PEOPLE.
WHAT REALLY MATTERS IS TURKEY, WE ASK:
CREATION OF WEALTH FOR CONTINUOUS
DEVELOPMENT IS OUR KEY OBJECTIVE.
KOÇ HOLDİNG SIGNS THE UN GLOBAL COMPACT
A strong sense of corporate citizenship has been an inherent
part of Koç Holding since its establishment. With the signing in
2006 of the United Nations Global Compact, this became
an official policy with an international dimension.
IF NOT US, THEN WHO?
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HONESTY, INTEGRITY AND SUPERIOR
BUSINESS ETHICS ARE THE FOUNDATIONS OF
OUR BEHAVIOR.
KOÇ HOLDİNG
ANNUAL REPORT 2014