February 6, 2017 / 7:39 AM / a year ago

BRIEF-Bizim Toptan appoints new General Manager and CFO

Feb 6 (Reuters) - Bizim Toptan Satis Magazalari AS :

* Said Om Friday Bayram Ali YILDIRIM, General Manager of the Company, resigned from his position and Hüseyin BALCI has been appointed as General Manager

* Sadullah AYDIN, Financial Affairs Director (CFO) of the Company, resigned from his position and Özden EROL DUNDAR has been appointed as Financial Affairs Director (CFO)

* To request up to 40.0 million lira ($10.88 million) as capital advance, from the controlling shareholder Yldz Holding A.., to be used for a future capital increase, in order to support the company’s growth strategy and to support a share buy-back program up to that amount

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