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ZAFER OZBALABAN NAMED PRESIDENT OF BUHLER INDUSTRIES, IS MAKING OPERATIONAL CHANGES
Apr. 3, 2024
Source: Buhler Industries news release
Grant Adolph, Chairman of the Board of Directors of Buhler Industries Inc. ("Buhler Industries or the Company"), the manufacturer of Versatile and Farm King brands of farm equipment, has announced on Jan. 24, 2024, the appointment of Zafer Ozbalaban as President of Buhler Industries.
Zafer comes from the Agricultural and Construction Machinery Industry. He received his Mechanical Engineering degree from Yildiz Technical University and also has his an M.B.A. Zafer started on the shop floor and gained his knowledge which helped him to work his way up to Senior positions.
He serves as the Executive Board Member for Basak Traktor and is an Executive Board Member - R&D and Strategic Planning for ASKO Holding. In addition, Zafer serves as a Director on the Board of Buhler Industries. Zafer replaces Marat Nogerov as President who had been with the Company since 2018.
Buhler Industries Inc. also has made operational restructuring changes in the first quarter of 2024 that is expected to result in significant full year savings. The Company also plans to increase production in 2024 over its 2023 results further resulting in increased margins.
Başak Traktör Tarim Ziraat Ve Iş Makinalari Sanayi Ticaret A.Ş. (Basak Traktor), which recently acquired 96.7%, is fully supportive of returning the Company back to profitability and expects to see sales of both Versatile and Farm King equipment increase in the coming years. Basak Traktor is a wholly-owned subsidiary of ASKO Holding.
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