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President and Justice and Development Party (AKP) Chair Recep Tayyip Erdoğan has appointed Lütfi Elvan as the new minister of treasury and finance minister, according to a presidential decree published in the Official Gazette.
The move came after Berat Albayrak, Erdoğan's son-in-law, announced his resignation on Instagram on Sunday (November 8) and Erdoğan officially accepted his resignation yesterday.
The 58-year-old Elvan served as the minister of transportation, maritime and infrastructure between 2013-2015 and the minister of development between 2016-2018.
He has been serving as chairman of Parliament's Planning and Budget Committee.
Elvan has a bachelor's degree in mining from the Istanbul Technical University Faculty of Mines, a master's degree in mining operations and research from Leeds University in the UK and a second master's degree in economics from US-based Delaware University.
He also held different positions at international institutions such as the OECD and EU. (EKN/VK)
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