LEADERSHIP TRANSITION AT BORUSAN GROUP

Borusan Group, one of Turkey’s most established industrial conglomerates, has announced a key leadership transition effective April 2026. Erkan Kafadar, who has been serving as the Borusan Group CEO since January 2020, will hand over the reins to Özgür Günaydın, currently CEO of Borusan Cat.

Borusan Group is undergoing a strategic leadership change. Erkan Kafadar, who assumed the role of Group CEO in January 2020, will transition his responsibilities in April 2026 to Özgür Günaydın, who currently serves as the CEO of Borusan Cat. Kafadar successfully led the Group through a period marked by numerous global and regional challenges, including the Covid-19 pandemic, geopolitical tensions, earthquake disasters, and economic crises. He spearheaded significant advancements in the Group's financial and non-financial performance indicators. Kafadar will continue to contribute to the Group as an Executive Board Member of Borusan Holding and as a Board Member across various Borusan Group Companies.

A Proven Leader from Within

Özgür Günaydın, appointed as the new Borusan Group CEO, graduated from ODTÜ (Middle East Technical University) Department of Mechanical Engineering, and began his career in 1995 as a Service Engineer at Borusan Makine ve Güç Sistemleri. Throughout his 30-year career, Özgür Günaydın has held global leadership roles in various regions. He has played a pioneering role in shaping Borusan Cat's digital transformation vision, fostering the development of agile, resilient, and sustainable organizational structures. Günaydın has been serving as the CEO of Borusan Cat since January 2017.

Kocabıyık: "We Have Full Confidence in His Leadership"

Commenting on the appointment, Borusan Holding Chairperson Ahmet Kocabıyık emphasized the significance of the transition for the Group:

"Erkan Kafadar provided outstanding leadership to our Group during his tenure, navigating us successfully despite numerous global challenges. I wholeheartedly thank him for his valuable contributions, which advanced our Group and enabled us to achieve significant progress. He will continue to support us with his experience as an Executive Board Member of Borusan Holding. Özgür Günaydın, who will be taking over as Borusan Group CEO, is a distinguished executive who has proven himself within our Group over many years. We have full confidence in his leadership to guide our vision of carrying our Group 200 years and beyond. We will continue to move forward with determination on this meaningful journey under our new CEO's leadership. I wish for this important appointment to be beneficial for the entire Borusan Group and all our stakeholders."