Sabanci among FT's 'Top 25 businesswomen in Europe'

Türkiye Materials 12 October 2007 22:41 (UTC +04:00)

Guler Sabanci, the Executive Board President of Sabanci Holding of Turkey, ranked at the 8th position in the list of Finacial Times' Top 25 businesswomen in Europe. Last year Sabanci's rank was 9th in the list.

Regarding Sabanci FT wrote, "Sabanci is the first woman to head a major Turkish corporation. She began work at her family's tyre factory in Izmit 28 years ago and now presides over one of Turkey's biggest industrial and financial conglomerates, Sabanci Holding. Sabanci has a degree in business administration, and was president of Sabanci's tyre and tyre reinforcement materials group for five years. She took over as chairman after her uncle Sakip died in 2004. He chose Sabanci as his successor ahead of his brothers and other male family members."

There were seven new entrants in this year's top 25, where Anne Lauvergeon, chief executive of Areva, the French nuclear group, has been named Europe's top businesswoman in the FT's annual ranking.

The ranking is based on recommendations from correspondents of the Financial Times and Financial Times Deutschland, aided by Egon Zehnder, the executive search consultancy. Those recommendations were then ranked using a blend of data about the size, growth and (where relevant) share price performance of the candidates' companies, and adjusted according to the level of responsibility, recent record and perceived potential of the individual women.

For the first time this year, the ranking was revealed online in four tranches, starting on Monday October 8, with the top 10 unveiled Thursday, to coincide with the opening day of the Women's Forum in Deauville, France, where a number of the top 25 are due to speak.

As in previous years, the list has been compiled from candidates who are based in Europe (regardless of nationality) and who hold executive roles.

Sabanci also ranked at the 8th position in the list of Fortune Magazine's "50 Most Powerful Women in Business," announced this week. The magazine said Guler Sabanci had an intensive year in administration of Sabanci Holding, which is one of the biggest industry and finance powers of Turkey. ( TNA )