Mustafa Koç Dies of Heart Attack

*Kaynak: Hürriyet Daily News ©

Mustafa Koç Dies of Heart Attack

Vehbi Koç Foundation American Hospital in Istanbul announced earlier today that Mustafa Koç, the head of Turkey’s largest enterprise, had passed away.

The Beykoz State Hospital said Koç suffered a heart attack on the morning of January 21st. First aid was provided and he was immediately transported by helicopter to the Vehbi Koç Foundation American Hospital.

Koç Holding has expressed their “deepest sorrow” at this loss through their Twitter account. Funeral prayers will be given near the family grave on January 24th.

President Recep Tayyip Erdoğan has reportedly called Rahmi Koç and Ali Koç to offer his condolences to the family.

Koç was born in 1960 and graduated from George Washington University in 1984. Mustafa Koç was the grandson of Koç Holding’s founder, Vehbi Koç, and took over Koç Holding in 2003, replacing his retired father, Rahmi Koç. Koç lead the High Advisory Council of Turkey’s top business organization, TÜSİAD, from 2005 to 2010 and was honorary member of the Foreign Economic Relations Board (DEİK).

Koç Holding owns businesses from oil refineries to automotive and home appliances manufacturing; toping Turkey’s list of major exporters. 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.

According to Fortune Magazine Global, Koc Holding owns 113 companies, employ 90,000 people, and 14,000 dealers making it the 341st largest company in the world, and the only Turkish company on the Fortune 500 list.

Independent Turkey

Independent Turkey, “Mustafa Koç Dies of Heart Attack”, Independent Turkey, 21 January 2016, London: Centre for Policy and Research on Turkey (Research Turkey). Original link: http://researchturkey.org/?p=10484

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