Delivery firm Getir’s CEO reinstated amid power struggle with founders

Rapid delivery company Getir reinstated its CEO Batuhan Gultakan following a brief dismissal, marking the latest development in an ongoing power struggle between majority shareholder Mubadala Investment Company and the company’s founders.

The reinstatement comes amid a complete overhaul of Getir’s board of directors in Türkiye, according to internal company communications reviewed by Reuters. GetirFinans CEO Yigit Caglayan has been appointed as a new board member.

Gultakan had told Reuters earlier this week that he was dismissed “without cause” by the Turkish board of directors, which consisted of founder Nazim Salur’s sons. His return to the position signals a victory for Mubadala in the continuing corporate governance dispute.

Getir majority shareholder Mubadala takes the ropes

“Mubadala, as the majority shareholder, is committed to ensuring Getir has the necessary resources to implement its 2025 strategy and execute the budget approved by the Board of Directors,” Mubadala said in a statement. “We look forward to working with all stakeholders in this new period.”

The leadership turbulence follows last month’s general assembly approval of a restructuring plan prepared by Mubadala, which was opposed by the founding partners, including Nazim Salur. The Abu Dhabi-based investment company holds a majority stake in the rapid delivery startup.

Gultakan, who joined Getir in 2015 and became CEO in June 2024, appears to have strong backing from Mubadala, according to sources familiar with the matter. Upon his reinstatement, he stated, “We will now focus on our work and continue to execute our plans with strength and enthusiasm together with my team.”

The corporate conflict has also spawned legal battles. The founders’ request for an injunction against Mubadala was recently rejected by an Amsterdam court. Salur told Turkish daily Oksijen that they plan to appeal the decision to the Dutch Supreme Court, noting that the Amsterdam court indicated that Mubadala’s alleged violations of the Division Agreement should be heard in British courts.

The previous board structure included three Getir founders, three Mubadala representatives, one representative from the Gsquared investment fund, and two independent members.