There are four new names on the list for ministries of EU relations, customs and trade, and two deputy prime minister posts.
Davutoglu, foreign minister in the previous Cabinet, is replaced by Mevlut Cavusoglu, who formerly served as the EU affairs minister.
Yalcin Akdogan -- former Prime Minister Erdogan's former top political adviser -- and Numan Kurtulmus are the new deputy prime ministers.
Volkan Bozkir, the former head of the Turkish parliament's Foreign Affairs Committee, replaced Mevlut Cavusoglu to fill in the position of top EU-affairs official.
Nurettin Canikli, former deputy head of ruling Justice and Development Party's parliamentary group, is the new minister of customs and trade, replacing Hayati Yazici.
Davutoglu, who has been serving as foreign minister since 2009, was elected chairman of the ruling Justice and Development Party at an extraordinary congress Wednesday.
Turkey's 12th president, Erdogan, was elected on August 10, garnering around 52 percent of the vote. He was sworn in Thursday.
- Below is the list of the members of the new Cabinet:
Prime Minister Ahmet Davutoglu
Deputy Prime Minister Bulent Arinc
Deputy Prime Minister Ali Babacan
Deputy Prime Minister Yalcin Akdogan
Deputy Prime Minister Numan Kurtulmus
Foreign Minister Mevlut Cavusoglu
EU Affairs Minister and Chief Negotiator Volkan Bozkir
Minister of Family and Social Policies Aysenur Islam
Minister of Justice Bekir Bozdag
Minister of Science, Industry and Technology Fikri Isik
Minister of Customs and Trade Nurettin Canikli
Minister of Environment and Urban Planning Idris Gulluce
Minister of Economy Nihat Zeybekci
Minister of Youth and Sports Akif Cagatay Kilic
Minister of Internal Affairs Efkan Ala
Minister of Transport, Maritime and Communication Lutfi Elvan
Minister of Labour and Social Security Faruk Celik
Minister of Energy and Natural Resources Taner Yildiz
Minister of Food, Agriculture and Livestock Mehmet Mehdi Eker
Development Minister Cevdet Yilmaz
Minister of Culture and Tourism Omer Celik
Minister of Finance Mehmet Simsek
Minister of National Education Nabi Avci
Minister of National Defence Ismet Yilmaz
Minister of Forest and Water Management Veysel Eroglu
Minister of Health Mehmet Muezzinoglu