Changes in Top Management and the Board of Directors
Changes in Top Management and the Board of Directors
Set forth below is the public disclosure of material events relating to the resolution of our Board of Directors dated 19.08.2019;
The Board of Directors with its resolution dated 19.08.2019 accepted the resignation of Mr. Ali Fuat Erbil from his position as the CEO of our Bank as a result of his retirement plan. The Board further resolved to appoint Mr. Recep Baştuğ as the new CEO of the Bank. Following the completion of the necessary legal procedures Mr. Baştuğ will assume his role as the new CEO commencing on September 1, 2019. In line with the applicable Banking Laws Mr. Baştuğ will become a natural member of the Board of Directors of our Bank following his appointment as the new CEO.
*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.