Hepsiburada Announces Changes to its Board Committees’ Composition
October 06 2023 - 8:30AM
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 announced the
Board of Directors’ decision to make certain changes to the
composition of its Audit Committee and Corporate Governance
Committee.
The Board of Directors (recently appointed by
the General Assembly of Shareholders of the Company on August 25,
2023) has decided to compose its Audit Committee, Risk Committee
and Corporate Governance Committee with the participation of the
following members, effective immediately:
- Audit Committee: Mr. Tayfun
Bayazıt, Mr. Ahmet F. Ashaboğlu and Mr. Stefan Gross-Selbeck.
- Risk Committee: Mr. Ahmet F.
Ashaboğlu, Mr. Tayfun Bayazıt and Mr. Tolga Babalı.
- Corporate Governance Committee: Mr.
Ahmet F. Ashaboğlu, Mr. Tayfun Bayazıt and Mr. Tolga Babalı.
Each committee will subsequently appoint a
committee chairperson.
The Board of Directors has determined that
Messrs. Bayazıt, Ashaboğlu and Gross-Selbeck are independent
directors, and, as a result, all of the members of the Audit
Committee, are independent directors who satisfy the “independence”
requirements set forth in Rule 10A-3 under the Securities Exchange
Act of 1934, as amended (the “Exchange Act”) and Nasdaq’s listing
rules. The new members of our Audit Committee meet the requirements
for financial literacy under the Exchange Act and Nasdaq’s listing
rules. Moreover, the Board of Directors has determined that each of
Messrs. Bayazıt, Ashaboğlu and Gross-Selbeck is an audit committee
financial expert as defined under the applicable rules of the U.S.
Securities and Exchange Commission and has the requisite financial
sophistication as defined under the applicable rules and
regulations of Nasdaq.
About Hepsiburada
Hepsiburada is a leading e-commerce technology
platform in Türkiye, connecting over 59 million members with
approximately 195 million stock keeping units across over 30
product categories. Hepsiburada provides goods and services through
its hybrid model combining first-party direct sales (1P model) and
a third-party marketplace (3P model) with 101,300 merchants.
With its vision of leading the digitalization of
commerce, Hepsiburada acts as a reliable, innovative and
purpose-led companion in consumers’ daily lives. Hepsiburada’s
e-commerce platform provides a broad ecosystem of capabilities for
merchants and consumers including: last-mile delivery and
fulfilment services, advertising services, on-demand grocery
delivery services, and payment solutions offered through Hepsipay,
Hepsiburada’s payment companion and BNPL solutions provider.
HepsiGlobal offers a selection from international merchants through
its inbound arm while outbound operations aim to enable merchants
in Türkiye to make cross-border sales.
Since its founding in 2000, Hepsiburada has been
purpose-led, leveraging its digital capabilities to develop the
role of women in the Turkish economy. Hepsiburada started the
‘Technology Empowerment for Women Entrepreneurs’ programme in 2017,
which has supported over 45.4 thousand female entrepreneurs
throughout Türkiye to reach millions of customers with their
products.
Investor Relations
Contactir@hepsiburada.com
Media
Contactcorporatecommunications@hepsiburada.com
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