Berat Albayrak was born in Istanbul on February 21, 1978.
Mr. Albayrak began his professional life in 1996. Following his graduation from the Business School at Istanbul University, he joined Çalık Holding in 1999. During 2001 economic crisis in Turkey, Mr. Albayrak restructured the majority of Company’s risks into long-term tenors. He was appointed as the Financial Director of Holding’s US Office in 2002. He has undertaken various initiatives towards additional lines of business in the textile and energy sectors. In 2006 Albayrak returned to the headquarters as the CFO.
In 2007, the Group successfully managed a Eurobond issuance in the amount of US$ 200 million, for which the approximate demand was US$ 1 billion. Having made significant contribution the Holding’s various companies, Albayrak was appointed as CEO in 2007.
Holding’s accomplishments in the energy utilities sector attracted foreign investors and between in 2008 the Group sold its majority shares in Bursagaz and Kayserigaz, valued over 35x EBITDA to EWE; the highest ranking sale in Turkey. In 2007-2008, the Group attracted US$ 1 billion of foreign direct investment (FDI) to Turkey. Having left private sector in the end of 2013, Mr. Albayrak started writing a column for Sabah (Turkish Daily) and taught Banking and Finance at Marmara University.
He received a Master’s degree from New York Pace University, Lubin School of Business and completed his PhD in the field of Banking and Finance with dissertation about “Financing Renewable Energy Resources”.
Mr. Albayrak is a member of Central Executive Board of the Justice and Development Party (AK Party) and was elected as Member of Parliament from Istanbul for the 25th and 26th terms. He was appointed as the Minister of Energy and Natural Resources of the 64th and 65th Government of the Republic of Turkey.
Mr. Albayrak continues to assume various responsibilities at different NGOs on education and youth. He is married with 3 children.