Board of Directors

Ali Y. KOÇChairman of the Board of Directors 

Ali Y. Koç graduated from Rice University in Business Administration and completed his MBA degree at Harvard Business School. Between 1990-1991, he attended the American Express Bank Management Trainee program. Between 1992-1994, he worked as an Analyst at Morgan Stanley Investment Bank. Between 1997-2006, Koç held various senior level positions at Koç Holding such as the New Business Development Coordinator and President of the Information Technology Group. Between 2006-2010, he was the President of the Corporate Communications and Information Technology Group. Koç has been a Board Member of Koç Holding since January 2008 and was named Vice Chairman in February 2016. He is also the Chairman of various Koç Group companies. Additionally, Koç contributes to Turkey’s social and economic development by serving as President at Fenerbahçe Sports Club, a Board Member at URAK (International Competition Research Association) and a Board Member at Endeavor Association. He is also a member at TÜSİAD (Turkish Industry and Business Association) and a Member of the Global Advisory Council of Bank of America, Harvard University and CFR. Koç has been Board Chairman of Yapı Kredi and Koç Financial Services since April 2016.

Levent ÇAKIROĞLUVice Chairman of the Board of Directors 

Levent Çakıroğlu graduated from Ankara University - Faculty of Political Sciences, Business Administration Department and received his master’s degree from University of Illinois. He started his professional career at the Ministry of Finance in 1988. Between 1997-1998, he taught as part time instructor at Bilkent University and served as Vice President of Financial Crimes Investigation Board at the Ministry of Finance. Çakıroğlu joined Koç Group in 1998 as Koç Holding Financial Group Coordinator. He was the General Manager of Koçtaş between 2002-2007, CEO of Migros between 2007-2008, CEO of Arçelik between 2008-2015 and the President of the Durable Goods Group of Koç Holding A.Ş. between 2010-2015. Çakıroğlu was appointed as the Deputy CEO of Koç Holding in February 2015 and he took over the CEO position in April 2015. As of April 2016, Çakıroğlu is also a Board Member at Koç Holding. Çakıroğlu has been a Board Member at Yapı Kredi and Koç Financial Services since April 2015 and in February 2020, he was appointed as Vice Chairman of Yapı Kredi Board. Çakıroğlu is also a Board Member in various Koç Group Companies.

Gökhan ERÜNExecutive Director and Chief Executive Officer (CEO) 

After graduating from İstanbul High school (İstanbul Erkek Lisesi), Gökhan Erün earned his undergraduate degree from İstanbul Technical University - Department of Electronics and Communications and graduate degree from Yeditepe University - Business Administration.

Erün began his career at Garanti Bank Treasury Department in 1994. Between 1999-2004, Erün served as the Senior Vice President of Commercial Marketing and Sales Department. After becoming the CEO of Garanti Pension and Life in 2004, he was appointed as Executive Vice President of Garanti Bank in September 2005. Erün began to serve as the Deputy CEO of Garanti Bank in September 2015, also in charge of Corporate Banking, Treasury, Treasury Marketing and Financial Solutions, Derivatives, Cash Management and Transaction Banking, and Financial Institutions. At the same time, he was Board Chairman and Board Member in various local and international subsidiaries of Garanti Bank.

As of January 2018, Erün has continued his career in Yapı Kredi as Executive Director in Board of Directors and Chief Executive Officer (CEO). In addition, Erün is the CEO of Koç Financial Services and holds positions in the Boards of various Yapı Kredi Group subsidiaries and Koç Finansman A.Ş.

Also as of April 2021, Erün became the President of Koç Holding’s Banking Group.

Ahmet F. ASHABOĞLUMember of the Board of Directors 

Ahmet F. Ashaboğlu holds a Bachelor of Science degree from Tufts University and a Master’s of Science degree from Massachusetts Institute of Technology (MIT) in Mechanical Engineering. In 1994, he began his career as a Research Assistant at MIT. Between 1996-1999, Ashaboğlu held various positions in capital markets within UBS Warburg, New York. Between 1999-2003, he worked as a Consultant at McKinsey & Company, New York. In 2003, Ashaboğlu joined Koç Holding as Finance Group Coordinator. Since 2006, he has been serving as the CFO of Koç Holding. In addition to being a Board Member at Yapı Kredi and Koç Financial Services since September 2005, Ashaboğlu is also a Board Member at various Koç Group Companies.

A. Ümit TAFTALIMember of the Board of Directors 

A. Ümit Taftalı earned his Bachelor of Science degree in Finance from Ball State University (Indiana) and his MBA degree from University of South Carolina. He also participated in senior executive programs at Harvard University. Taftalı is an investment banker and wealth manager with over 30 years of international experience. He has worked in executive positions in Atlanta, New York and London for Merrill Lynch & Company, Bankers Trust Company and Goldman Sachs International. Taftalı represented and advised Mrs. Suna (Koç) Kıraç between 2001-2020. He is a Member of Koç Holding Executive Committee as well as Chairman of Kare Portföy. Taftalı is or has been Board/Founding Member of various philanthropic and professional organizations such as Suna-İnan Kıraç Foundation, Educational Volunteers Foundation of Turkey (TESEV), Turkish Industrialists and Businessmen Association (TÜSİAD), Saint Joseph Educational Foundation, Educational Volunteers Foundation of Turkey (TEGV), Galatasaray Sport Club, American Finance Association (USA), Financial Management Association (USA), Museum of American Financial History (USA), Ball State University Foundation (USA), Turkish Bankers Association (UK), University of South Carolina Foundation (USA). Taftalı has been a Board Member of Yapı Kredi and Koç Financial Services since April 2016.

Wolfgang SCHILKMember of the Board of Directors 

Wolfgang Schilk graduated from University of Wien Law School in 1992 and completed his postgraduate management trainee program at Creditanstalt- Bankverein (CA-BV). Between 1994-1996, he worked at CA-BV as the Restructuring and Workout Manager responsible for Corporate Banking. Between 1996-2004, Schilk worked as the Head of Credit Unit at Bank Austria Creditanstalt. In 2004, he became the Head of Regional Office responsible for Corporate Banking. In 2006, he worked as the Head of Regional Office responsible for Private and SME segments. Between 2007-2010, he was the Head of Risk Management responsible for Private and SME segments in Bank Austria. Between 2010-2016, Schilk served as the Chief Risk Officer (CRO) of Yapı Kredi. In September 2016, he was appointed as CRO for Central and Eastern Europe (CEE) region. In addition to being a Board Member at Yapı Kredi and Koç Financial Services since October 2016, Schilk is also a Supervisory Board Member at UniCredit Bank Czech Republic & Slovakia and Zagrebacka Banka. Starting from November 2020, Schilk also took over the function of CRO for UniCredit Bank Austria.

Niccolò UBERTALLIMember of the Board of Directors 

Niccolo Ubertalli graduated from Politecnico di Torino (Turin, Italy) with a Bachelor’s Degree in Material Engineering in 1996 and received his Master’s in Business Administration from Owen Graduate School of Management at Vanderbilt University (Tennessee, USA) in 2000. During his graduate program, he worked at Teksid Aluminum Foundry as Program Manager and Process Engineer. In 2000, Ubertalli moved to Milan (Italy) and worked at McKinsey as Senior Associate until 2002. Between 2002-2004, he worked at UniCredit Clarima as Director of Major Relations Divisions. Between 2004-2006, Ubertalli worked at MBNA (USA and UK) as First Vice President. Between 2006-2009, Ubertalli relocated to Bulgaria to work at UniCredit Consumer Financing as Chairman and Executive Director. In 2009, he moved back to Italy and continued his career at UniCredit as the Chief of Staff for Group CEO and between 2011-2012, as the Head of Group Consumer Finance. In 2012, he moved to Romania and assumed the position of Deputy CEO at UniCredit Tiriac Bank. During his time there between 2012-2015, he was a Member of Management Board for UniCredit Tiriac as well as a Member of Supervisory Boards for Pioneer Investments, UniCredit Consumer Finance Bulgaria, UniCredit Consumer Finance Romania and Ergo Asigurari de Viata S.A. Romania. Between 2015-2019, he continued his career in Yapi Kredi as executive director and Deputy Chief Executive Officer. In addition, he held board positions in various Yapi Kredi Group subsidiaries. In 2019, he was appointed co-CEO Commercial Banking, CEE. He is member of the UniCredit Executive Management Committee.

Dr. Ahmet ÇİMENOĞLUMember of the Board of Directors (Independent1) 

Ahmet Çimenoğlu graduated from Department of Economics at Boğaziçi University in 1992. He started his professional life as an economist at Yapı Kredi in 1995, after completing his MA in Economics at Boğaziçi University, Istanbul. He received his PhD degree in economics at Istanbul Technical University in 2002. He worked as the Chief Economist, and Head of Strategic Planning and Research at Yapı Kredi, respectively, between July 2004 and February 2009. In March 2009, he joined Koç Holding as the Head of Economic Research. He is currently the Chief Economist of the Koç Holding. Mr. Çimenoğlu has been servingn as a Board member at Koç Financial Services and Yapı Kredi since March 2019.

Virma SÖKMENMember of the Board of Directors (Independent) 

Virma Sökmen has a Bachelor degree in Finance from LaSalle University. She began her professional career at research and investment banking departments of Körfezbank and Çarşı Menkul Degerler. Between 1993-2001, Sökmen worked at Midland Bank A.S. as a Credit Analyst. Between 2001-2010, she served as Corporate Banking Group President and an Executive Vice President of Corporate and Commercial Banking at HSBC. Sökmen managed corporate banking, commercial banking foreign trade and provision management, factoring, corporate and commercial insurance, corporate marketing and cash management units since 2010. Sökmen also served as the Assistant General Manager, responsible from Corporate and Commercial Banking, at HSBC. Since 2016, Sökmen is a Managing Partner at Credia Partners. Sökmen has been a Board Member of Yapı Kredi and Koç Financial Services since March 2019. In addition, Sökmen became an Independent Board at Sarkuysan Elektrolikit Bakır San ve Tic AŞ in June 2020.

Nevin İMAMOĞLU İPEKMember of the Board of Directors (Independent1) 

Nevin İmamoğlu İpek graduated from Ankara University, Faculty of Political Sciences, Department of Business Administration in 1993 and she earned an MBA degree at the same university in 1997. İpek also earned a Master of Accounting degree from the University of Michigan in 2001. İpek began her career at the Capital Markets Board of Turkey and served as Assistant to Expert between 1997-2005, Deputy Head of Corporate Finance Department between 2005-2006 and Head of Institutional Investors Department between 2006-2007. She joined Koç Group in 2007 and still is serving as Finance Coordinator responsible from Compliance to Securities Regulation. She is also heading the Capital Markets Working Group in TÜSİAD from 2013. Nevin İmamoğlu İpek has been a Board Member of Yapı Kredi and Koç Financial Services since February 2020.

Mehmet TIRNAKLIMember of the Board of Directors (Independent1) 

Mehmet Tırnaklı graduated from Boğaziçi University with a Bachelor’s Degree in Business Administration and received his MBA degree from Rutgers, New Jersey State University. He began his professional career at Corporate Banking department of Citibank İzmir in 1992. He worked at Citibank Türkiye as the Head of Treasury Marketing Unit between 1997-1999. After serving as the Corporate Branch Manager at Citibank İzmir between 1999 – 2001, he continued his career at Citibank İstanbul as Head of Corporate Bank Marketing Unit between 2001 – 2004. He worked at Citibank Türkiye as Head of Corporate Finance between 2004 – 2008 and the Head of Corporate Bank between 2008 – 2009. Working as a Finance Coordinator at Koç Holding A.Ş. since 2009, Mehmet Tırnaklı has been a Board member of Yapı Kredi since March 2021.

Melih POYRAZMember of the Board of Directors 

Melih Poyraz graduated from Bosphorus University with Business degree in 2001. He completed his MBA at Massachusetts Institute of Technology (MIT) and Economic Law masters degree at Galatasaray University. He then received Juris Doctor degree from Northwestern Law School in 2014. He was admitted to law practice in Illinois as of 2014.  Poyraz began his professional career as a consultant at Ernst Young Istanbul office. In 2004, he was appointed as Auditor at Turkish Ministry of Finance. He joined Arçelik as Risk Director in 2014.  In 2015, he started working at Koç Holding as Coordinator at CEO Office, which included responsibilities such as strategical, legal and financial advice to the CEO. Melih Poyraz has been serving as Koç Holding Strategy and Business Development Director at Koç Holding since January 2021. Poyraz has been Board Member of Yapı Kredi and Tofas since March 2021.

(1) Based on Capital Markets Board’s Item 6(3)a of the Communique Serial II-17.1 on Corporate Governance, Ahmet Çimenoğlu, Nevin İmamoğlu İpek and Mehmet Tırnaklı, Members of the Audit Committee are deemed as Independent Board Members.

Notes: The members of the Board of Directors each have a one-year term of duty. Appointments of members are set out annually at the Annual Shareholders’ Meeting.

Ali Y. Koç, Ahmet F. Ashaboğlu, Levent Çakıroğlu, and A. Ümit Taftalı, who are members of the Board of Directors, are also members of Board of Directors at other Koç Group companies due to their positions in Koç Holding.

Niccolò Ubertalli and Wolfgang Schilk, who are members of the Board of Directors, are also members in other UniCredit companies due to their positions in UniCredit Group.

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