Feridun Gecgel is a self-made Turkish businessman, the Chairman of Astor Enerji (BIST: ASTOR), Turkey's largest manufacturer of transformers and switching products.

Gecgel started his first business in furniture production. He entered the transformer industry in 2005 by purchasing Astor for $3 million. He owns nearly 80% of the company.

• Core Company: Astor Enerji (BIST: ASTOR), Turkey's largest manufacturer of transformers.
• Ownership: Owns nearly 80% of Astor Enerji.
• Early Career: Started with furniture production and sales of electrical materials.

Feridun Gecgel's career is defined by his strategic acquisition and scaling of industrial assets. After success in furniture, he pivoted to the electrical sector, a move culminating in the purchase of Astor in 2005. Under his leadership, Astor became the country's largest producer of transformers and switching products, securing a crucial position in domestic and regional power infrastructure.

He became a billionaire after the company's IPO in Istanbul in 2023. His wealth is further supported by the company's investments in solar power plants with an installed power of over 100 MW.