CMB Chairman Mahmut Sütçü Has Submitted His Resignation! Reason Announced

Mahmut Sütçü, the Chairman of the Capital Markets Board (SPK), which is responsible for regulating and supervising capital markets in Turkey, has submitted his resignation letter to step down from his post.

According to information made public on October 19, 2026, the reason for Sütçü's decision to resign was cited as health issues.

He Had Taken Office in May

Mahmut Sütçü was appointed as the Chairman of the CMB on May 9, 2026. Having served as the second chairman of the institution since November 2024, Sütçü had previously held various high-level positions within the Revenue Administration.

Following Sütçü's submission of his resignation letter after serving as the CMB Chairman for about five months, developments in the institution's management have once again come to the fore.

Who is Mahmut Sütçü?

Born in the Bafra district of Samsun in 1968, Mahmut Sütçü graduated from Ankara University, Faculty of Political Sciences, Department of Finance in 1990.

Starting his career in 1991 as an Assistant Accountant, Sütçü went on to undertake duties such as head of tax office and Vice President of the Revenue Administration in subsequent years.

He was appointed as the CMB Second Chairman in 2024 and as the CMB Chairman in May 2026.

Who Will Be the New CMB Chairman?

Following Sütçü's submission of his resignation letter, all eyes have turned to the new management of the institution.

Initial statements did not share definitive information regarding whether the resignation acceptance process has been completed and who will be appointed in his place.

Another Departure in Economic Management

It was reported that on the same day, Deputy Minister of Treasury and Finance Osman Çelik also submitted his retirement letter to Minister of Treasury and Finance Mehmet Şimşek.

With these two developments, changes in the administration of the economy have been brought to the public agenda.