European Central Bank President Christine Lagarde will resign Feb. 7, ahead of term
FRANKFURT, Germany — European Central Bank President Christine Lagarde will resign Feb. 7, nine months ahead of the end of her 8-year term, the ECB said Thursday. The resignation opens the way for European leaders to choose a successor for the ECB president and other top officials whose terms are ending next year. There had been speculation that Lagarde would leave early to enable EU leaders to…
Christine Lagarde, the European Central Bank President, will resign on February 7, nine months prior to the conclusion of her eight-year term, according to a statement from the ECB on Thursday. This move paves the way for European leaders to select a successor for the ECB president and other officials whose terms are expiring next year.
Early resignation had been speculated as a means to enable EU leaders to choose a successor while French President Emmanuel Macron was still in office, and to prevent the possibility of right-wing candidate Marine Le Pen winning the election and influencing the choice.
Lagarde, formerly the head of the International Monetary Fund, assumed her position in 2011, following Mario Draghi.
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