YUSUF ERTAÇ

Neo Golpark Evleri, Koca Yusuf Caddesi, 122-6, Bolluca Arnavutkoy, Istanbul

Tel: (90-532-***-**-**; (90-532-***-**-** E-mail: ablmz2@r.postjobfree.com

Date and Place of Birth :1 May 1971, Nicosia Cyprus

Marital Statue : Married, two children

Education

William E. Simon Graduate School of Business Administration

University of Rochester, Rochester, NY

• Master of Business Administration (MBA), June 1995

• Concentrations in Finance and Corporate Accounting

State University of New York at Buffalo, Buffalo, NY

• Bachelor of Science, Business Administration, June 1993

• Concentrations in Public Accounting and Finance

Experience

4 Element Renewable Energy Invest. Inc., Istanbul TURKEY

CEO, September 2009-

• 4 ELEMENT engages in renewable energy and energy efficiency investment

projects as well as distributing, marketing and assembling the renewable energy

products in Turkey and the neighboring countries.

• 4 ELEMENT has the vision to become the first and one of the leading distributors,

installers and financial investors in the Turkish renewable energy sector.

• 4 ELEMENT is the distributor of Panasonic (Japan) solar panels and solution

partner to AS Solar GmbH Germany for the wholesale of renewable energy products

in Turkey.

Synergy Global Energy Ltd., Istanbul TURKEY

CEO, April 2007-

• Established a consulting firm that provides financial, legal, strategic and technical

consultancy and audit works for both domestic and international clients.

• Developed the concept of "Outsourced CFO" for small to medium size energy

project investors in order to finance the power and oil & gas projects.

• Financed 50 million US$ 64 MW gas-fired power plant for Palmet Group’s Delta

Enerji project in Luleburgaz in late January 2009.

• Advised international investors for the development of 3*800 MW gas-fired

power plants in the Republic of Turkey.

• Advised Soyak Group’s 207 MW Konaktepe hydropower project during its

mandate stage with Unicredit.and Yapi Kredi Bank.

• Financed 56 million US$ 122 MW gas-fired power plant for Bursa Organized

Industrial Zone’s Bosen Enerji in early 2011.

• Financed 55 million US$ 62 MW gas-fired power plant for Palmet Group’s Ales

Enerji project in Aydin in March 2012.

Zorlu Energy Group, Istanbul TURKEY

Chief Financial Officer, October 2000 – April 2007

• Responsible from all of the financing and accounting activities of Zorlu Energy

Group of Companies such as cash flow management, local and international bank

relations, investor relations, reporting to Capital Market Board (CMB) and Istanbul

Stock Exchange (ISE).

• Obtained 300 million US$ long-term export credit from various export-credit

agencies (US-Exim, Hungarian Exim, Belgium OND, Danish EKF, Czech EGAP,

Slovak Eximbanka) for Zorlu Energy’s Ankara and Kayseri Organized Areas 243

MW combined-cycle power plants.

• Won Deal of the Year award by Trade Finance for the financing of Kayseri Power

plant in Turkey in 2005.

• Acquisition of Amity Oil Australia oil & gas exploration and production company

for 37 million US$

• Involved in the tender and investment financing of two city gas distributions

project in Turkey (Thrace & Antep) with an investment amount of 200 million US$.

• Dealt with project financing of power plant projects in Russian Federation, Israel,

Ukraine and Bulgaria for an amount of over 1 billion US$.

• Implemented a carbon credit program for Moscow projects.

• Involved in the tender of two green-field hydro projects by DSI, initiated

Osmaniye wind farm in Turkey and a wind farm in Pakistan.

Vestel Group of Companies, Istanbul TURKEY

V.P. Finance, June 1996 – October 2000

• Involved in the secondary and third offering of Vestel Elektronik shares in 1997

and 2000 for an amount of 40 million US$ and 150 million US$ respectively.

• Engaged in a 5-year EURO-bond issuance of Vestel Elektronik for an amount of

200 million US$.

• Actively participated in the acquisition of Denizbank from the Privitization

Agency at a value of $66.5 million in 1997.

• Played a part in the acquisition of Bel Air Industries SA’s shares (French textile

Company) by Zorlu Holding in early 1998.

• Involved in many project finance transactions for Zorlu Textile and Vestel Group

of Companies such as Korteks, Zorlu Linen, Vestel White, Vestel Komunikasyon

and Vestelnet.for an amount exceeding 300 million US$.

• Actively engaged in the rating process of Fitch, S&P and Moodys.

• The Equitable Life Assurance Society, Rochester NY

Investment Advisor, March 1995 – May 1996

• Manufacturers and Traders Trust Bank (M&T Bank), Buffalo, NY

Home Equity Line of Credit Analyst, Intern, Fall 1992

• Languages: Turkish, English, German, French

• Computer Skills: SAP, Office, user of both PC and MAC, various

simulation programs.

• Hobbies: Fitness, basketball, tennis.

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