BOARD OF DIRECTORS

Doğuş Group is under professional management with emphasis and priority on corporate governance principles. The Group maintains equal distance to all shareholders and adheres to ethical standards in all areas of operation.
FERIT F. ŞAHENK – Chairman

Ferit F. Şahenk is the Chairman of Doğuş Group and also the Honorary President of Garanti Bank. Formerly, he served as the founder and Vice President of Garanti Securities, CEO of Doğuş Holding, Chairman of Doğuş Otomotiv and Chairman of Garanti Bank. Mr. Şahenk is a Board Member of the Foreign Economic Relations Board (DEİK) of Turkey. Previously, he served as the Chairman of the Turkish-German Business Council; the Chairman of the Turkish-American Business Council; Vice Chairman of Turkish-United Arab Emirates Business Council and Executive Board Member of Turkish-Greek Business Council of DEİK. Mr. Şahenk is an active member of the World Economic Forum and the Alliance of Civilizations Initiative. He serves on the Regional Executive Board of Massachusetts Institute of Technology (MIT) Sloan School of Management for Europe, Middle East, South Asia and Africa. Mr. Şahenk holds a Bachelor’s degree in Marketing and Human Resources from Boston College.

SÜLEYMAN SÖZEN - Vice Chairman, Board of Directors

A graduate of Ankara University Faculty of Political Sciences, Süleyman Sözen worked in the Ministry of Finance and the Undersecretariat of the Treasury as a Chief Auditor. Since 1981, he has worked in the private sector in various posts especially in financial institutions. A Certified Public Accountant, Mr Sözen has worked at Doğuş Holding since 1997 and presently serves as the Chairman of Garanti Bankası. He also sits on the boards of other Doğuş Group companies as Chairman or Vice-Chairman.

HÜSNÜ AKHAN - Board Member, CEO

Hüsnü AKHAN completed his primary and secondary education at Birecik High School (Şanlıurfa). He is a graduate of Middle East Technical University, Department of Business Administration and received his Master’s degree in Economics from University of Miami (USA). Akhan served at various positions of the Central Bank of the Republic of Turkey. He served as Representative at London Office and Assistant General Manager at the Foreign Relations Department of the Central Bank of the Republic of Turkey. He joined Doğuş Group in 1994. After serving as the Executive VP responsible for Treasury, Operations and Foreign Relations at Garanti Bank, he was assigned as the General Manager of Körfezbank in 1998. Akhan was a board member of Doğuş Holding and CFO during 2001-2005. Since January 2006, he has been a board member of Doğuş Holding and the CEO. Additionally, he currently serves as the Chairman of the Board for Doğuş Real Estate Investment Trust, Related Digital Marketing, Doğuş Photography, Körfez Aviation, Doğuş Planet Electronics & Informatics Services, as Deputy Chairman for Doğuş Data Processing & Technology Services, Ara Güler Doğuş Art & Museum, and as a board member for TÜVTÜRK and Doğuş Construction.

GÖNÜL TALU – Board Member

Aclan Acar started his career in 1974. After working for the state-owned Halkbank for three years, he joined the Central Bank of Turkey in 1978 where he served in different departments until 1990. During this period Mr. Acar undertook several managerial responsibilities including establishing trading room, managing open market account for domestic operations, reorganizing and managing foreign exchange transactions division of money markets and treasury department of the Central Bank. Mr. Acar has been continuing his career within the Doğuş Group, one of the leading conglomerates of Turkey, since September 1990. First, he started at Garanti Bank, one of the leading private banks in the country, as the Executive Vice President in charge of Treasury and Financial Institutions. At this position, he also undertook administration of international branches and representative offices of Garanti Bank. Between 1994-1996 period, he served as the President and Chief Executive Officer of Bank Ekspres, then owned by the Group. Following acquisition of Ottoman Bank, the oldest and one of the most respected banks of the country, by the Doğuş Group in June 1996, Mr. Acar was appointed as the President and Chief Executive Officer of the Bank. Since April 2000 he serves as a Member of Board and the Executive Committee of Doğuş Group. Between the years 2001-2005 he served as the Chairman of Tansaş and in the meantime as the Chairman of Garanti Insurance and Garanti Pension Company. As of January 2006 he was appointed as the Chairman of Doğuş Otomotiv.
Mr. Acar took his undergraduate degree from the Academy of Economics and Commercial Sciences in Ankara. Later on, he received his MS degree in Banking and Insurance from the same university. Between the years of 1985-1986, he attained his MA degree in Economics from Vanderbilt University, Nashville, Tennessee, USA.

ACLAN ACAR – Board Member

Aclan Acar started his career in 1974. After working for the state-owned Halkbank for three years, he joined the Central Bank of Turkey in 1978 where he served in different departments until 1990. During this period Mr. Acar undertook several managerial responsibilities including establishing trading room, managing open market account for domestic operations, reorganizing and managing foreign exchange transactions division of money markets and treasury department of the Central Bank. Mr. Acar has been continuing his career within the Doğuş Group, one of the leading conglomerates of Turkey, since September 1990. First, he started at Garanti Bank, one of the leading private banks in the country, as the Executive Vice President in charge of Treasury and Financial Institutions. At this position, he also undertook administration of international branches and representative offices of Garanti Bank. Between 1994- 1996 period, he served as the President and Chief Executive Officer of Bank Ekspres, then owned by the Group. Following acquisition of Ottoman Bank, the oldest and one of the most respected banks of the country, by the Doğuş Group in June 1996, Mr. Acar was appointed as the President and Chief Executive Officer of the Bank. Since April 2000 he serves as a Member of Board and the Executive Committee of Doğuş Group. Between the years 2001-2005 he served as the Chairman of Tansaş and in the meantime as the Chairman of Garanti Insurance and Garanti Pension Company. As of January 2006 he was appointed as the Chairman of Doğuş Otomotiv. Mr. Acar took his undergraduate degree from the Academy of Economics and Commercial Sciences in Ankara. Later on, he received his MS degree in Banking and Insurance from the same university. Between the years of 1985-1986, he attained his MA degree in Economics from Vanderbilt University, Nashville, Tennessee, USA.

ERMAN YERDELEN – Board Member

Erman Yerdelen was born in Istanbul and graduated from high school in Istanbul. He has visited Münster University, Germany, where he attended the School of Business Administration. In 1966, he graduated from the Finance and Business Administration Faculty of Istanbul School of Economy and Commerce. He received his Master’s degree in 1996 from Marmara University, Istanbul. After various managerial posts in the private sector, in 1992, Mr. Yerdelen became the Chairman of the Board of Turkish Airlines. He participated in the founding of NTV News Channel in 1996 and acted as the Chairman of the Board of Doğuş Media Group until 2018. Currently, Erman Yerdelen serves as the Board Member of Dogus Holding A.S. and the Chairman of the Board of TÜVTÜRK. Mr. Yerdelen speaks both English and German.

ŞEHMUZ AHMET SEDİD KURUTLUOĞLU – Board Member

Ahmet Kurutluoğlu obtained his undergraduate degree from Faculty of Law, his MBA degree from the Business Administration Faculty, and his Master’s degree in Labour Legislation from the Faculty of Law, Istanbul University. He joined Doğuş Group in 1981 and has been in charge for the legal affairs as the Legal Counsel for Doğuş Holding, and Doğuş Construction. Mr. Kurutluoğlu is currently a member of the Board of Directors of Doğuş Holding and in charge for the legal affairs as the Chief Legal Counsel of the Group.

E. NACİ BAŞERDEM – Board Member

Born in Aksaray - Turkey, 1957. Graduated in 1981 from Boğaziçi University, Faculty of Economics and Administrative Sciences, Department of Management. Worked at various management levels in both banks and private sector companies and participated to Dogus Group in 1998. He executed different roles at Dogus Media, Food Retail and Construction Groups. He worked on privatization process of “Vehicle Inspection Services in Turkey” and after the privatization, he was appointed as the CEO of the joint venture company between German Tüv Süd, English Bridge Point and Dogus. Naci Başerdem, is in the Doğuş Board of Management since 2014 and he is the president of Doğuş Tourism Group, Doğuş Retail Group and Doğuş Marketing Systems.

ERGUN ÖZEN – Board Member

Ergun Özen leaded one of the largest financial institutions in Turkey as the President and CEO for 15 years. Mr. Özen started his banking career at Treasury Department of Turkiye Is Bankası in 1987. He joined Garanti Bank in 1992 as a Vice President at Treasury Department, then appointed as a Senior Vice President in 1993 before being named Treasury and Investment Banking Executive in 1995. Mr. Özen was appaointed as the Chief Executive Officer and President of Garanti Bank in April 2000. Mr. Özen is now helding the following positions: Board Member of Garanti Bank Turkey, Chairman of Dogus Mobilet Dijital Hizmetler A.S., Chairman of Pozitif Muzik Yapım A.S., Chairman of Boyner Holding A.S., Board Member of Atom Bank, Board Member of Dogus Holding A.S., Board Member of Dogus Sportif Faaliyetler A.S., Board Member of Dogus Bilgi İslem ve Teknoloji Hizmetleri A.S., Board Member of , Istanbul Foundation for Culture and Arts(IKSV) and Board Member of the Trustees of Turkish Education Association. Mr. Özen was born in 1960 in Ankara, Turkey. He earned a bachelor’s degree in economy from New York State University (1985). He is a graduate of the Advanced Management Program at Harvard Business School (1997).

Ekrem Nevzat ÖZTANGUT - Board Member

After graduating from the Faculty of Economics and Administrative Sciences, Hacettepe University, Nevzat OZTANGUT joined the Capital Markets Board of Turkey and served as Auditor and Chief Auditor at the Audit Department between 1984 and 1994. Mr. OZTANGUT then continued his career as an academic member of Marmara University between 1992 and 1994, and the CEO of Garanti Securities A.S. between 1994 and 2015.

Nevzat OZTANGUT served as the Chairman of Doğuş SK Private Equity Company and the Board Member of Garanti Emeklilik A.S., Doğuş Otomotiv A.S. , Doğuş Oto A.S. , Doğuş REIT A.S., Doğuş Energy A.S. , Garanti Investment Trust A.S. and GoodYear Lastikleri T.A.Ş. (independent Board Member). He has also been the Deputy Chairman of the Settlement & Custody Bank (Takas Bank) between 2000 and 2013, Chairman of the Association of Capital Market Intermediary Institutions of Turkey between 2007 and 2011, and Chairman of the Junior Achievement Education Foundation between 2011 and 2015.

Currently, Nevzat Oztangut serves as the Chairman of d.ream (Dogus Restaurant Entertainment and Management), and Board Member of Dogus Holding A.S.

Emir Ali Bilaloğlu – Board Member

Mr. Emir Ali Bilaloğlu, after receiving his post-graduate degree at Berlin Technical University, Department of Engineering, commenced his professional career in 1991 as the Financial Control and Regional Sales Manager at Audi AG headquarters based in Germany.

Ali Bilaloğlu, rendered service in the United Arab Emirates in 2001 as AUDI AG's Founding General Manager responsible for Dubai following his function assuming responsibility for Business Development and Strategy at Doğuş Otomotiv in 2000. On his return to Turkey in 2004, Mr. Bilaloğlu was assigned as the General Manager responsible for Audi and Porsche brands within the body of Doğuş Otomotiv before he was appointed to be the Chief Executive Officer (CEO) of Doğuş Otomotiv in June 2007.

Emir Ali Bilaloğlu was unanimously elected as the Chairman of the Board at Doğuş Otomotiv's Ordinary General Assembly for the Financial Year 2017 held on March 29, 2018. Mr. Bilaloğlu who has been serving as the Chief Executive Officer of Doğuş Otomotiv continues to undertake full responsibility concerning the above mentioned function in addition to his position as the Chairman of the Board.

As for the companies operating under Doğuş Group, Mr. Bilaloğlu acts as the Chairman of the Board at Doğuş Oto and performs duty as the Board Member at various Doğuş Group companies including Doğuş Holding, Yüce Auto, D-Auto Suisse SA, Volkswagen Doğuş Finance (vdf) and Doğuş Marketing Systems.

With effect from March 2018, Ali Bilaloğlu has been the Chairman at Automotive Distributors' Association (ODD). In addition to his position as the Board Member of Turkish-German Business Council at DEIK (Foreign Economic Relations Board), which furnishes consultancy services in the area of foreign economic relations, Mr. Bilaloğlu performs an active role as the Member of the Advisory Board at Turkey: Culture of Change Initiative affiliated to Turkish Industry and Business Association (TÜSİAD), as well.

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