Hepsiburada Announces a Change to its Board of Directors

Rhea-AI Summary

Hepsiburada (NASDAQ: HEPS) announced changes to its Board of Directors. Mr. Hikmet Ersek, who served as an independent board member and member of the Corporate Governance Committee, will step down from his position effective December 27, 2024. The Board has appointed Mr. Tayfun Bayazıt, another independent board member, to replace Mr. Ersek on the Corporate Governance Committee.

ISTANBUL, Dec. 26, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announces a change to the composition of its Board of Directors.

Effective December 27, 2024, Mr. Hikmet Ersek, an independent member of the Company’s Board of Directors and a member of the Corporate Governance Committee, stepped down from his position.

The Board of Directors decided to appoint Mr. Tayfun Bayazıt, an independent member of the Board of Directors, as new member of the Corporate Governance Committee to replace Mr. Hikmet Ersek.

About Hepsiburada

Hepsiburada is a leading e-commerce technology platform in Türkiye, operating through a hybrid model that combines first-party direct sales (1P) and a third-party marketplace (3P) with approximately 100 thousand merchants.

With its vision of leading the digitalization of commerce, Hepsiburada serves as a reliable, innovative and purpose-driven companion in consumers’ daily lives. Hepsiburada’s e-commerce platform offers a broad ecosystem of capabilities for merchants and consumers including last-mile delivery, fulfilment services, advertising solutions, cross-border sales, payment services and affordability solutions. Hepsiburada’s integrated fintech platform, Hepsipay, provides secure payment solutions, including digital wallets, general-purpose loans, buy now pay later (BNPL) and one-click checkout, enhancing shopping convenience for consumers across online and offline while driving higher sales conversions for merchants.

Since its founding in 2000, Hepsiburada has been purpose-driven, leveraging its digital capabilities to empower women in the Turkish economy. In 2017, Hepsiburada launched the ‘Technology Empowerment for Women Entrepreneurs’ program, which has supported nearly 57.5 thousand female entrepreneurs across Türkiye in reaching millions of customers.

Investor Relations Contact
ir@hepsiburada.com

Media Contact
corporatecommunications@hepsiburada.com

FAQ

When will Hikmet Ersek step down from Hepsiburada's (HEPS) Board of Directors?

Hikmet Ersek will step down from Hepsiburada's Board of Directors effective December 27, 2024.

Who is replacing Hikmet Ersek on Hepsiburada's (HEPS) Corporate Governance Committee?

Tayfun Bayazıt, an independent board member, will replace Hikmet Ersek on the Corporate Governance Committee.

What positions did Hikmet Ersek hold at Hepsiburada (HEPS)?

Hikmet Ersek served as an independent member of the Board of Directors and was a member of the Corporate Governance Committee.

What is Tayfun Bayazıt's current role at Hepsiburada (HEPS)?

Tayfun Bayazıt is an independent member of Hepsiburada's Board of Directors and will now also serve on the Corporate Governance Committee.