Chief executive of Turkey’s top mobile phone company steps down - Reuters

Kaan Terziooğlu stepped down on Friday after four years as the chief executive of Turkcell, Turkey’s top mobile company, Reuters reported. 

The company’s board of directors named Murat Erkan, the executive vice president for sales, as the new acting CEO.

One person close to the company told Reuters that the board, which praised the technology investments made under Terzioglu’s watch, agreed on the move on Thursday.

Terzioğlu was well-regarded for his role in reshaping the company’s strategy and guiding it beyond its core data and voice markets into value-added digital services, one analyst, who declined to be named, told Reuters. 

“Investors know Terzioglu very well. They may sell (shares) on uncertainty until a new (permanent) executive is identified,” Reuters quoted the analyst as saying.

Terzioğlu  was selected as the 2019 winner of the GSMA’s ‘Outstanding Contribution to the Mobile Industry Award’ in February.

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