Yıldırım Demirören elected board chair of Hürriyet Gazetecilik

ISTANBUL

Yıldırım Demirören was elected as the board chairman of Hürriyet Gazetecilik as the successor of Erdoğan Demirören, who passed away at the age of 80 on June 8.

“Our board of directors decided to appoint Yıldırım Demirören as the chairman on July 16, as the situation called for after the passing of Erdoğan Demirören,” Hürriyet Gazetecilik said in a filing with the Public Disclosure Platform.

The late Erdoğan Demirören, the chairman of the Demirören Group, which owns the Demirören Media Group, was elected as the board chairman of Hürriyet Gazetecilik at the extraordinary assembly meeting held on June 6.

As per the board’s decision, Meltem Oktay was appointed vice chair while Mehmet Soysal was appointed executive director.

In a separate filing, Hürriyet Gazetecilik also announced that Mehmet Koray Yanç was appointed to the board membership.

Doğan Holding had first announced talks with Demirören Holding for the sale and transfer of its visual and print media components on March 22.

In accordance with the share sales agreement signed by the Doğan and Demirören groups on April 6, the cash total of $893 million was transferred to the bank accounts of Doğan companies as of May 16.

The payment covers the handover of media assets including dailies Hürriyet, Posta, and Hürriyet Daily News, TV channels Kanal D and CNN Türk, Doğan News Agency, the Doğan internet webcast company, Doğan Media International, and the licenses of Radyo D and CNN Türk Radyo.