DR.CELAL METİN, SABANCI HOLDİNG CEO TO LEAVE IN MAY

18-03-2005
Haci Omer Sabancı Holding, A.S. announced today that its CEO, Dr. Celal Metin, has resigned effective May 12, 2005. He will also leave his positions on the Board of Directors and the Board's Executive Committee. Ahmet Dördüncü, currently the Strategic Planning Group President, will replace Dr.Metin on May 12, 2005.

Dr. Metin first joined Sabancı Holding in 1975 and began serving as CEO in April 2003. From 1988 until his appointment as CEO he served as Chairman and CEO of various publicly-listed and privately-held companies with operations around the globe.

"We respect his decision and understand his desire to return to his own business interests. He helped us through the transition after Chairman Sakip Sabancı's death last year, and has made lasting contributions to Sabancı Holding," said Guler Sabancı, Sabancı Holding Chairman. "Also, I wish Dr. Metin, who will always be remembered as a friend of the Sabancı community all the success he merits as well as to his successor Mr. Dorduncu."

"It has been a great privilege and honor to lead Sabancı Holding these past two years. This is a world-class organization with strong management, a clear growth strategy, and people with the ability to achieve top results. I am proud of Sabancı Holding and confident of its promising future," said Dr. Celal Metin.

With over 35,000 employees and interests in chemicals and fibers, food, retailing, textiles, energy, cement, automotive, tires and tire reinforcement materials, telecommunications, paper and packaging, trading, and financial service grouped under 6 core business units, Sabancı Holding is one of the largest industrial concerns in Turkey. As a global company, Sabancı Holding has operations in more than a dozen countries and its products are sold worldwide. Quoted on the Istanbul Stock Exchange, as well as 12 companies in which it has a controlling interest, Sabancı Holding has an aggressive strategy of sustainably profitable growth through acquisitions and the organic growth of its existing businesses.

Biography of Mr. Ahmet Dördüncü

Having graduated from the University of Mannheim, Faculty of Business Administration, Mr. Ahmet Dördüncü began his career in 1981 in Germany. Upon his return to Turkey he continued his career in the automotive industry. He joined our group in 1987 and has attained various managerial posts at Kordsa A.Ş. between 1987-1999. After serving as the Chairperson and the General Manager of Dusa Argentina and Dusa Brasil between 1999-2004 he assumed responsibility of all operations of Dusa International in North America as the General Manager. He has been working as Executive Vice President / Business Development and Strategic Planning of Sabancı Holding since August 2004. Being 52 years old, Mr. Ahmet Dördüncü is married and has 2 children.