Azerion announces the expansion of its Executive Committee and new responsibilities

Amsterdam, May 30, 2024 – After a year focused on the successful consolidation and integration of previous acquisitions, the sale of its social card portfolio, the refinancing of listed bonds and the simplification of its existing capital structure, Azerion is pleased with the progress it is making in driving efficiencies across the group, delivering growth through its Platform and becoming Europe’s largest digital advertising platform.

Looking ahead, Azerion sees significant opportunities in the market to further develop and expand its Platform, both organically and through strategic partnerships. With this opportunity in mind, Azerion is pleased to announce the expansion of its Executive Committee and new responsibilities for its members.

After two years as Chief Financial Officer (CFO), Ben Davey will now take on the role of Chief Investment Officer, with a particular focus on external growth and related financing opportunities. As part of this transition, Azerion is pleased to announce that, effective the end of June 2024, Julie Duong Ferat will become Azerion’s new Chief Financial Officer. Ms. Duong Ferat has served as Azerion’s Vice President of Finance for the past 4 years and has worked closely with Mr. Davey during this time.

As part of her new role, Ms. Duong Ferat will join Azerion’s Executive Committee, as will Azerion’s Chief People Officer (CPO), Gönenç Tarakcioglu. Ms. Tarakcioglu has been with Azerion for 10 years and previously served as Azerion’s Chief Data Protection Officer and Chief Compliance Officer.

Following the new appointments, Azerion’s Executive Committee will include current members Umut Akpinar (CEO), Ben Davey (CIO), Sebastiaan Moesman (Chief Strategy Officer), Joost Merks (Director of M&A and Corporate Development) and new members Julie Duong Ferat (CFO)) and Gönenç Tarakcioglu (CPO).

Commenting on the expanded Executive Committee, Azerion CEO Umut Akpinar commented: “I am very pleased with the progress Azerion has made in executing its strategy in 2023 and that we have created a strong foundation to accelerate our growth in 2024 and beyond. With this opportunity in mind, we are delighted to be able to develop and promote our strong internal talent into leadership roles and onto our Executive Committee, while enabling our senior team to focus on the exciting growth opportunities ahead of us.

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About Azerion
Founded in 2014, Azerion (EURONEXT: AZRN) is one of Europe’s largest digital advertising and entertainment media platforms. Azerion provides advertisers with a global audience easily and cost-effectively, delivered through our proprietary technology in a secure, high-quality, immersive environment, leveraging our strategic portfolio of content owned and operated by entertainment and other digital publishing partners.

With roots in Europe and headquarters in Amsterdam, Azerion has sales teams located in over 26 cities around the world to closely support our clients and partners in finding and implementing creative ways to make a real impact through advertising.

More information can be found at: www.azerion.com

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RESERVATION

This announcement may contain forward-looking statements. All statements other than statements of historical fact are or may be deemed to be forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding Azerion’s potential exposure to market risk and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. Words and phrases such as goals, ambitions, anticipates, believes, can, estimates, expects, goals, intends, may, milestones, goals, prospects, plans, projects, risks, schedules, seeks, should, goal, will, or other similar words or phrases are typically used to identify forward-looking statements. Forward-looking statements are statements about future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks, uncertainties and other factors that are difficult to predict and that may cause actual results, performance or events to be differ materially from any future results expressed or implied by the forward-looking statements contained in this release. Readers should not place undue reliance on forward-looking statements. Any forward-looking statements reflect Azerion’s current views and assumptions based on information currently available to Azerion’s management. Forward-looking statements speak only as of the date they are made and Azerion undertakes no obligation to update or revise such statements, whether as a result of new information, future events or other information, except as required by law.