Marti Technologies, Inc. Announces Appointment of New Interim CFO

Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye’s premier mobility super app, has announced the appointment of Deniz Terlemez as its Interim Chief Financial Officer (“CFO”), effective November 1, 2024. He takes over from Oguz Erkan, the former CFO of the Company. Prior to this role, Mr. Terlemez was the Finance Director at Marti.

“We extend our gratitude to Oguz Erkan for his vital contributions during a pivotal time for the Company. He played a key role in establishing our ride-hailing monetization capabilities. We are building upon these strong foundations as we expand our ride-hailing monetization efforts. We wish him all the best in his future endeavors,” said Oguz Alper Oktem, Marti’s CEO. “We are pleased to welcome Deniz to his new position. He has been an invaluable asset to the Company, consistently delivering results in fast-paced, high-growth environments during his time as Finance Director. His oversight has included financial planning and analysis, auditing, accounting, and reporting functions.”

Reflecting on his time with Marti, Mr. Erkan stated, “I am honored to have served as CFO at such a significant time for the Company. Together, we built a team and established the infrastructure necessary to monetize Marti’s ride-hailing business. I am confident that the robust foundations we created will support the Company’s strategic objectives moving forward.”

Deniz Terlemez brings over 15 years of executive finance experience across various sectors, including manufacturing, advisory, and services. His extensive expertise encompasses audit, financial management, and controllership roles. Before joining Marti, Mr. Terlemez was the Senior Finance Manager for Reef Technology, where he managed operations in the Middle East from 2022 to 2024. In this position, he served as a key liaison among finance, financial planning and analysis, and strategy teams across the Middle East and the US, while also supporting financial control activities for Reef’s US operations.

Previously, Mr. Terlemez worked as the Group Reporting and Audit Manager for Vestel Companies, where he handled public financial reporting, financial controlling, accounting, and M&A activities for operations in Türkiye, Europe, and the Middle East from 2019 to 2022. He also served as Financial Controller for Seaboard Corporation’s investments in Türkiye from 2014 to 2019, leading the controlling and budgeting teams. Earlier in his career, he was a financial auditor at KPMG Türkiye from 2009 to 2014.

Known for optimizing financial processes and leading cross-functional teams, Mr. Terlemez has exhibited strong leadership in managing complex financial operations across international markets. His ability to align strategic objectives with financial performance has been critical in enhancing operational efficiency across the organizations he has worked with.

Marti is Türkiye’s leading mobility app, offering multiple transportation services to its riders. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers, and operates a large fleet of rental e-mopeds, e-bikes, and e-scooters. All of Marti’s offerings are serviced by proprietary software systems and IoT infrastructure. For more information, visit www.marti.tech.

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