What happened
Turkish Airlines has disclosed a complete overhaul of its top management, with both Chairman Ahmet Bolat and CEO Bilal Ekşi retiring. They are being replaced by internal executives: Murat Şeker, formerly CFO, becomes Chairman, and Ahmet Olmuştur, formerly Chief Commercial Officer, becomes CEO. Metin Gülşen moves up to CFO and Harun Baştürk to Chief Commercial Officer. The sudden nature and lack of quotes from outgoing executives suggest a politically motivated removal given the government ownership, though the new leadership is considered highly qualified