Fuad Behbud

Finance Director

After receiving his bachelor’s degree in Business Administration from Turkey’s Bogazici University in 1999, Fuad Behbud began his early career as an Equity Research Analyst in Nurol Securities in Istanbul. He then moved to work at Raymond James Securities, a subsidiary of USA NY stock exchange listed investment bank in Istanbul, Turkey from July, 1999 for 3 years.


In 2002, Mr. Behbud applied to a special accounting and federal taxation program in the University of California in Los Angeles, USA in order to enhance his accounting and tax knowledge and skills and completed this program successfully in 2004.


After returning back to Azerbaijan in 2004, he started to work as a staff auditor in Deloitte & Touche in Baku and then moved to BP Azerbaijan to work in the position of commercial analyst in central planning team. Meanwhile, in 2005 he successfully passed all sections of the Uniform Certified Public Accountant (CPA) examination and qualified for CPA certification from California Board of Accountancy.


In 2006, Mr. Behbud moved to Karasu Operating Company’s Azerbaijan office to the position of Deputy Finance Controller and then in 2008 year promoted to become Finance Manager.  In 2009, he started in the position of Chief Financial Officer in Norm LLC where he took a significant role in the tendering of turnkey EPC construction of the largest cement plant in South Caucasia, project financing and then production and start of sales operations. As the chief finance officer, he leaded the full financing of the external part of USD300mln total investment cost through local and international financial institutions and then repayment of the complete bank loans within 4 years after the start-up of cement production. Besides, Mr. Behbud also set-up the Finance and Procurement processes in the company from the scratch followed by acting as the sponsor for the successful implementation of an ERP system – SAP, which automated and integrated the production, maintenance, sales & distribution, finance and costing processes in the company.


On September 1, 2020, Fuad Behbud was appointed as the Finance Director of SOCAR AQS – a joint venture between SOCAR, Nobel Energy and Absheron Qazma LLC providing integrated drilling services in Oil & Gas industry and currently leads the finance function of the Company’s Azerbaijani establishment and oversea subsidiaries