A Clarification

For a while, there has been gossip about my appointment to different insurance companies as an executive; I felt the need to make a clarification when it finally became news.

Sigorta Dükkanım Sigorta ve Reasürans Brokerlik A.Ş. has been in contact with investors to obtain funds for growth. We have seen in our renewed business plans that two executive managers has become too expensive for the company at this stage. Therefore, I resigned from my position as CEO as at June 30, 2012. Aycan BUL is going to resume this position following the approval of the Treasury. However, I resume my responsibilities in the company’s Board of Directors.

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This leaving issue has been brought together with some empty positions in the market and turned into incorrect news. Let alone being appointed, I have not had any talks with any insurance company about any position so far.

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