Executive change at Yildiz Holding; Bilal Kaafarani retiring, handing-over responsibilities to Ali Ulker

ISTANBUL, July 10, 2013 /PRNewswire/ -- Bilal Kaafarani, who joined Yildiz Holding in 2011 as Global Innovation and Research & Development Group President, has decided to retire as he always planned to do at the age of 55. He will be handing over his duties as a Group President to Ali Ulker, Vice Chairman of the Board of Yildiz Holding. While he will be maintaining his board member responsibilities at Yildiz Holding and continue to provide strategic directions to Northstar Innovation, he will be spending more time with his family and achieving his dream of doing charity work. 

During his tenure, Bilal Kaafarani has worked for evolving the innovation spirit of Yildiz Holding's 69 year history into the corporate culture while installing related strategies. Kaafarani has delivered significant work in areas such as; building and developing capabilities in consumer technical research, packaging development and research and technology management, and improving quality processes and systems. Furthermore, he initiated and led the establishment of Northstar Innovation as its Vice Chairman and as part of the extension of the new innovation strategies. He has led the initiation and development stages for new category invention and commercialization projects, with added value potential for the Holding's revenue stream.

The robust and strong structure, leadership team and developed required capabilities, achieved in the wake of realization of the strategies developed by Bilal Kaafarani, will be fully handed-over to Yildiz Holding Vice Chairman Ali Ulker by the 2nd Quarter of 2014.

SOURCE Yildiz Holding