Recommended Appointment of INED

RNS Number : 2000T

DP Eurasia N.V

20 July 2022

 

20 July 2022

DP Eurasia N.V.

("DP Eurasia" or the "Company")

Recommended Appointment of Independent Non-Executive Director

DP Eurasia (DPEU.L), the master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia, is pleased to recommend the appointment of Mr. Ahmet Fadil  Ashaboğlu to the Board as Independent Non-Executive Director. The appointment is dependent on shareholder approval at an Extraordinary General Meeting which will be held in September. A Notice of Extraordinary General Meeting will be published in due course.

Ahmet holds a BSc from Tufts University and a Master of Science from Massachusetts Institute of Technology (MIT), both in Mechanical Engineering. He began his career as a Research Assistant at MIT in 1994, and held various positions in capital markets within UBS Warburg, New York (1996-1999). After serving as a management consultant at McKinsey & Company, New York (1999-2003), Ahmet moved back to Turkey and joined Koc Holding as Finance Group Coordinator in 2003. He was appointed Group Chief Financial Officer (CFO) in 2006, serving until April 2022.

He is currently a Board director at Mavi, Yapi Kredi Bank, Hepsiburada (NASDAQ), Koc Financial Services, Koc Finansman and Sirena Marine.

It is intended that Ahmet will join the Audit Committee of the Board should shareholders approve his appointment.

Peter Williams, Chairman of DP Eurasia, commented:

"I am very pleased that someone with Ahmet's Board-level experience has agreed to join the Board of DP Eurasia and recommend that shareholders approve his appointment at our forthcoming Extraordinary General Meeting. Should he become approved, the Board will include three Independent Non-Executive Directors. Pending approval, we look forward to welcoming Ahmet onto the Board."

DP Eurasia confirms that no further disclosures are required pursuant to Listing Rule 9.6.13.

For additional details or further information, please contact Buchanan on [phone] / [e-mail] .

Enquiries

DP Eurasia N.V.
İ lknur Kocaer, Investor Relations Director	[phone]
Buchanan (Financial Communications)
Richard Oldworth / Toto Berger / Verity Parker	[phone] [e-mail]

Notes to Editors

DP Eurasia N.V. is the exclusive master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia. The Company was admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc on 3 July 2017. The Company (together with its subsidiaries, the "Group") is the largest pizza delivery company in Turkey and the third largest in Russia. The Group offers pizza delivery and takeaway/ eat-in facilities at its 816 stores (617 in Turkey, 184 in Russia, 10 in Azerbaijan and five in Georgia as of 30 April 2022) and operates through its owned corporate stores (24%) and franchised stores (76%). The Group maintains a strategic balance between corporate and franchised stores, establishing networks of corporate stores in its most densely populated areas to provide a development platform upon which to promote best practice and maximise profitability. The Group has adapted the Domino's Pizza globally proven business model to its local markets.

 

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