As from March 1 2022, an Executive Committee (ExCo) has been established alongside the Managing Board to ensure clear and effective communication and discussions on the bank’s business and related organization and strategy, including non-commercial matters affecting the business, such as implementation of new laws and regulations. By including the ExCo in its organizational structure, the bank aims to further safeguard and enhance the commercial and client-facing roles at the executive level. The ExCo will also create more synergy and efficiency among the bank’s major business lines.

Composition

The ExCo consists of the three CEB Managing Board members (i.e. statutory ExCo members) and the division directors of CEB’s three main business lines (i.e. non-statutory ExCo members), namely:

• Muammer Kayhan, Division Director – Corporate Banking
• Zeyno Davutoglu, Division Director – Bank Relations and Supply Chain Finance
• Besir Amcaoglu, Division Director – Treasury

Tasks

The ExCo is primarily a business platform in which the main business lines of the bank are represented together with the Managing Board. Bi-weekly ExCo meetings are being held to discuss the bank’s business and related organization and strategy. The non-statutory members of the ExCo functionally and hierarchically report to the CEO. The decision-making power remains with the Managing Board, but decisions can be adopted within both Managing Board and ExCo meetings.

Along with the statutory ExCo members, the non-statutory members will participate in the quarterly Supervisory Board meetings to provide their business updates. Through these meetings and by way of regular informal updates and contacts, the Supervisory Board will remain well informed about the main focus areas of the ExCo and all related developments.

Click here for the cvs of the ExCo members.