D-MARKET Electronic Services & Trading announced certain changes to its Board of Directors and its executive management team. Dr. Stefan Gross-Selbeck is appointed as an independent board member following the resignation of Cemal Ahmet Bozer, who completed a term of six years as a board member, being the maximum term allowed under Turkish laws. The appointment of Mr. Gross-Selbeck will be submitted to the approval of Hepsiburada's shareholders at the Company's annual general assembly to be held in 2023.

Dr. Stefan Gross-Selbeck has over twenty years of experience in senior leadership roles including as a chief executive officer (“CEO”) and held a number of board memberships. Dr. Gross-Selbeck is a Senior Partner and Managing Director of the Boston Consulting Group. Since April 2018, he has been serving as the Global Managing Partner of BCG Digital Ventures, the corporate venture arm of Boston Consulting Group.

He previously served as Managing Partner for their European operations. Prior to joining BCG Digital Ventures in 2014, Dr. Gross-Selbeck served as CEO of New Work SE (formerly known as XING AG), a leading social network for professionals in Europe, between 2009 - 2013. He also had different management roles at eBay, ProSiebenSat1 and Boston Consulting Group GmbH.

Dr. Gross-Selbeck is a member of the advisory boards of the German Startup Association and several ventures built by BCG Digital Ventures. Dr. Gross-Selbeck holds an MBA from INSEAD and has a PhD in law from University of Konstanz, Germany. He studied law and economics at the Universities of Freiburg, Lausanne, Montpellier and Cologne.

In connection with his appointment to the Board of Directors, Mr. Gross-Selbeck will receive compensation as an independent director in accordance with Hepsiburada's director compensation policy. The responsibilities of the Chief Information Officer and the Chief Technology Officer were merged and streamlined under the Chief Technology Officer role which is currently held by Mr. Alexey Shevenkov. Hepsiburada would like to thank Mr. Gürkan Coşkuner who decided to pursue other career opportunities.

Mr. Coşkuner has been an instrumental leader in building Hepsiburada's outstanding technology architecture which underpins Hepsiburada's business. The responsibilities of the Chief People & Culture Officer are expanded to include customer experience and customer services functions under a new title, Chief Customer Experience and People Officer. Ms. Esra Beyzadeoğlu will continue as the Company's Chief Customer Experience and People Officer.