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Marti Technologies, Inc. Appoints New Interim Chief Financial Officer

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Marti Technologies (NYSE American: MRT), Türkiye's leading mobility super app, has appointed Deniz Terlemez as Interim Chief Financial Officer, effective November 1, 2024, succeeding Oguz Erkan. Terlemez, previously serving as Finance Director, brings over 15 years of executive finance experience. His background includes roles at Reef Technology as Senior Finance Manager, Vestel Companies as Group Reporting and Audit Manager, and Seaboard as Financial Controller. The transition comes as the company continues to scale its ride-hailing business monetization efforts, building upon the infrastructure established under Erkan's leadership.

Marti Technologies (NYSE American: MRT), l'app di mobilità leader in Turchia, ha nominato Deniz Terlemez come Direttore Finanziario ad Interim, con effetto dal 1° novembre 2024, succedendo a Oguz Erkan. Terlemez, che in precedenza ha ricoperto il ruolo di Direttore Finanziario, porta con sé oltre 15 anni di esperienza dirigenziale nel settore finanziario. La sua carriera include ruoli presso Reef Technology come Senior Finance Manager, presso Vestel Companies come Group Reporting and Audit Manager, e presso Seaboard come Financial Controller. Il passaggio avviene mentre l'azienda continua a sviluppare i suoi sforzi di monetizzazione nel settore del ride-hailing, costruendo sulle basi stabilite sotto la guida di Erkan.

Marti Technologies (NYSE American: MRT), la aplicación de movilidad líder en Turquía, ha nombrado a Deniz Terlemez como Director Financiero Interino, con efecto a partir del 1 de noviembre de 2024, sucediendo a Oguz Erkan. Terlemez, que anteriormente se desempeñaba como Director de Finanzas, aporta más de 15 años de experiencia ejecutiva en finanzas. Su trayectoria incluye puestos en Reef Technology como Gerente Financiero Senior, en Vestel Companies como Gerente de Reporte y Auditoría del Grupo, y en Seaboard como Controlador Financiero. La transición se produce mientras la empresa continúa ampliando sus esfuerzos por monetizar el negocio de transporte compartido, basándose en la infraestructura establecida bajo el liderazgo de Erkan.

Marti Technologies (NYSE American: MRT), 터키의 선도적인 모빌리티 슈퍼 앱이 Deniz Terlemez를 2024년 11월 1일부로 임시 최고 재무 책임자로 임명했습니다. 그는 Oguz Erkan의 후임으로 취임합니다. Terlemez는 이전에 재무 이사로 재직했으며, 15년 이상의 경영 재무 경험을 보유하고 있습니다. 그의 경력에는 Reef Technology에서 선임 재무 관리자, Vestel Companies에서 그룹 보고 및 감사 관리자, Seaboard에서 재무 통제자로 근무한 경력이 포함됩니다. 이 전환은 회사가 Erkan의 지도 하에 구축된 인프라를 바탕으로 운송 서비스의 수익화 노력을 계속 확대하는 가운데 이루어졌습니다.

Marti Technologies (NYSE American: MRT), l'application de mobilité leader en Turquie, a nommé Deniz Terlemez au poste de Directeur Financier par intérim, à compter du 1er novembre 2024, succédant à Oguz Erkan. Terlemez, qui était auparavant Directeur Financier, apporte plus de 15 ans d'expérience exécutive dans le domaine financier. Son parcours inclut des rôles chez Reef Technology en tant que Responsable Financier Senior, chez Vestel Companies en tant que Responsable du Reporting et de l'Audit de Groupe, et chez Seaboard en tant que Contrôleur Financier. La transition se produit alors que l'entreprise continue de développer ses efforts de monétisation dans le domaine du transport, s'appuyant sur l'infrastructure établie sous la direction d'Erkan.

Marti Technologies (NYSE American: MRT), die führende Mobilitäts-Super-App in der Türkei, hat Deniz Terlemez mit Wirkung zum 1. November 2024 zum Interims-Finanzvorstand ernannt, als Nachfolger von Oguz Erkan. Terlemez, der zuvor als Finanzdirektor tätig war, bringt über 15 Jahre Führungserfahrung im Finanzbereich mit. Sein Werdegang umfasst Positionen bei Reef Technology als Senior Finance Manager, bei Vestel Companies als Gruppenleiter für Berichterstattung und Audit sowie bei Seaboard als Finanzcontroller. Der Übergang erfolgt, während das Unternehmen weiterhin seine Monetarisierungsbemühungen im Bereich der Fahrdienstvermittlung ausweitet und auf der Infrastruktur aufbaut, die unter Erkan's Leitung geschaffen wurde.

Positive
  • Internal promotion maintains continuity with previous Finance Director stepping up
  • New CFO brings 15 years of relevant executive finance experience
  • Strong background in international operations and public company reporting
Negative
  • None.

ISTANBUL--(BUSINESS WIRE)-- Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye’s leading mobility super app, today announced that it has appointed Deniz Terlemez as its new Interim Chief Financial Officer (“CFO”), effective November 1, 2024. Deniz Terlemez succeeds Oguz Erkan, the Company’s former CFO. Mr. Terlemez served as the Company’s Finance Director before his appointment as Interim CFO.

“We would like to thank Oguz Erkan for his integral contributions to the Company at a critical juncture. Oguz was instrumental in setting up the ride-hailing monetization capabilities of our organization. We are currently building on these strong foundations as we scale the monetization of our ride-hailing business. We wish him success in his future endeavours,” said Oguz Alper Oktem, Marti’s CEO. “We welcome Deniz in his new role at the Company. He has been a key figure at the Company, with a proven track record of delivering results in dynamic, high-growth environments during his tenure as Marti’s Finance Director. His responsibilities have included overseeing our financial planning and analysis, audit, accounting, and reporting functions.”

Mr. Erkan said, “I am proud to have served as Marti’s CFO at an important milestone for the Company, building the team as well as the infrastructure capabilities necessary to monetize Marti’s ride-hailing business. I believe the strong foundations we laid will support the Company’s strategic goals moving forward.”

Deniz Terlemez brings over 15 years of experience in executive finance roles across industries including manufacturing, advisory, and services. His extensive background includes audit, financial management, and controllership roles. Before joining Marti, Mr. Terlemez served as Senior Finance Manager for Reef Technology, overseeing the Middle East operations from 2022 to 2024. In this role, he acted as a key liaison between the finance, financial planning and analysis, and strategy teams across the Middle East and the US, while also supporting the financial controlling activities of Reef’s US operations. Prior to his tenure at Reef, Mr. Terlemez was Group Reporting and Audit Manager for Vestel Companies, where he was responsible for public financial reporting, financial controlling, accounting, and M&A activities for the group’s operations in Türkiye, Europe, and the Middle East from 2019 to 2022. From 2014 to 2019, he served as Financial Controller for Seaboard Corporation’s (NYSE American: SEB) investments in Türkiye, leading the controlling and financial budgeting teams. Earlier in his career, Mr. Terlemez worked as a financial auditor at KPMG Türkiye from 2009 to 2014. Known for his expertise in optimizing financial processes and leading cross-functional teams, Mr. Terlemez has demonstrated strong leadership in managing complex financial operations across international markets. His ability to align strategic goals with financial performance has been instrumental in driving operational efficiency across the companies he served.

About Marti:

Founded in 2018, Marti is Türkiye’s leading mobility app, offering multiple transportation services to its riders. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers, and operates a large fleet of rental e-mopeds, e-bikes, and e-scooters. All of Marti’s offerings are serviced by proprietary software systems and IoT infrastructure. For more information, visit www.marti.tech.

Cautionary Note Regarding Forward-Looking Statements:

Certain statements made in this press release constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements related to the Interim Chief Financial Officer appointment and the Company’s expectation with respect to its future performance and the timing of occurrence related to any of the foregoing. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including the risks discussed in the Company’s filings with the SEC, including the Company’s Annual Report on Form 20-F. Marti undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law.

Investor Contact

Marti Technologies, Inc.

Turgut Yilmaz

Investor.relations@marti.tech

Source: Marti Technologies, Inc.

FAQ

Who is the new interim CFO of Marti Technologies (MRT)?

Deniz Terlemez has been appointed as the new interim CFO of Marti Technologies (MRT), effective November 1, 2024.

What is Deniz Terlemez's previous experience before joining Marti (MRT)?

Before Marti, Terlemez was Senior Finance Manager at Reef Technology (2022-2024), Group Reporting Manager at Vestel Companies (2019-2022), and Financial Controller at Seaboard (2014-2019).

Who did Deniz Terlemez replace as CFO at Marti Technologies (MRT)?

Deniz Terlemez replaced Oguz Erkan, who served as CFO and was credited with setting up the company's ride-hailing monetization capabilities.

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