VavaCars has appointed Cem Yıldız as its new chief financial officer, as the Turkey-based company continues to make C-suite appointments to strengthen its used car buying and digital auto retail operations. The CFO’s appointment follows the hiring of a COO last week.

Cem Yıldız

Yıldız has almost two decades of experience dealing with corporate financial matters.

His immediate past position was also CFO Turkey at energy drinks maker Red Bull, where he served for two years. Prior to that, he performed various roles in accounts and finance departments at beverage maker Pepsi Co. for nine years.

The finance expert also worked as tax auditor for multinational professional services network Ernst & Young. He is a graduate in business administration and management from Boğaziçi University.

“I am starting to work as chief financial officer in VavaCars. I am happy and excited to be part of a new industry and culture,” he said, announcing his new job in a LinkedIn post.

VavaCars said Yıldız would lead the firm’s financial processes.

“We believe that Cem will bring great value and energy to VavaCars with his extensive experience, fresh ideas and great attitude. We are excited to extend a warm welcome to Cem and very happy to have him along for the ride,” added the company.

One year after its launch in Turkey in 2019, the auto start-up entered Pakistan. With Turkey being its priority market at the start of the lifecycle, VavaCars — backed by the world’s leading energy and commodities trader Vitol — earmarked $200 million in infrastructure investment.

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