DP Eurasia N.V Directorate Change (6749V)
April 06 2023 - 9:07AM
UK Regulatory
TIDMDPEU
RNS Number : 6749V
DP Eurasia N.V
06 April 2023
6 April 2023
DP Eurasia N.V.
("DP Eurasia" or the "Company")
Directorate Change
DP Eurasia (DPEU.L), the master franchisee of the Domino's Pizza
brand in Turkey, Russia, Azerbaijan and Georgia, is pleased to
announce the appointment of Mr. Ahmet Fadil Ashabo lu as Chairman
of the Board. He is an existing Independent Non-Executive Director,
having been appointed to the Board in September 2022, and will
replace Mr. Peter Williams who has made the decision not to stand
for re-election after six years as Chairman. Mr. Ashabo lu's
appointment as Chairman will be effective immediately following the
2023 AGM and is conditional upon shareholder approval of his
re-appointment to the Board at the AGM, which will be held in June
2023.
Mr. Ashabo lu holds a Bachelor of Science 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), he 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.
DP Eurasia is continuing to look to strengthen its Board with an
additional Independent Non-Executive Director to ensure it has the
best skills, experience and capabilities, as well as complying with
best practice corporate governance.
Peter Williams, outgoing Chairman, commented:
"I am very pleased that Ahmet accepted the position as Chairman.
He has already made a significant contribution to the Board since
his appointment in September 2022 and I have no doubt that he will
be a very capable Chairman. I wish him and the business well for
the future."
Ahmet Ashabo lu, incoming Chairman, commented:
"I would like to thank Peter for his work over the last six
years and am pleased to be taking up the role, pending
re-appointment, of Chairman of DP Eurasia at this pivotal time.
Since joining in September, I have thoroughly enjoyed getting to
know the business. I have been impressed with the resilience of its
performance through significant inflationary challenges in the
Turkish economy. I firmly believe that we have an opportunity to
drive sustainable and profitable growth and create an exciting
future for the benefit of our people, our franchisees and our
shareholders, as well as the customers and communities we are
privileged to serve."
Enquiries
DP Eurasia N.V.
İ lknur Kocaer, Investor Relations
Director +90 212 280 9636
Buchanan (Financial Communications)
Richard Oldworth / Toto Berger / Verity +44 20 7466 5000
Parker dp@buchanan.uk.com
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 830 stores (655 in Turkey, 159
in Russia, 10 in Azerbaijan and 6 in Georgia as of 31 December
2022) and operates through its owned corporate stores (18%) and
franchised stores (82%). In addition to its pizza delivery
business, the Group also has its own coffee brand, COFFY, which
trades from 29 stores at period-end, 19 of which are franchised.
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOANKABKNBKDPQK
(END) Dow Jones Newswires
April 06, 2023 09:07 ET (13:07 GMT)
Dp Eurasia N.v (LSE:DPEU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Dp Eurasia N.v (LSE:DPEU)
Historical Stock Chart
From Jul 2023 to Jul 2024