Organisational Change in Sabancı Holding

08.06.2009

Sabancı Holding Financial Services Group President Akin Kozanoglu has retired. Vacated by Kozanoglu, the office of the Financial Services Group Head in charge of banking and insurance operations has been abolished by the Sabancı Holding Board of Directors’ resolution dated 08 June 2009.

Pursuant to the same Board resolution, the insurance operations have been assigned to Strategy and Business Development Group President Hakan Akbas, while Zafer Kurtul, who has been appointed as the Vice Chairman of the Board of Directors of Akbank, will also hold office in the Sabancı Holding Executive Committee as the Group President in charge of Banking Operations.