WEF could appoint Lagarde as early as November: Report
A vote could set Lagarde up to replace Klaus Schwab, with her exit likely triggering a wider reshuffle at the European Central Bank.
- On November 2, the World Economic Forum Board of Trustees could elect European Central Bank President Christine Lagarde as its next chair, requiring her to step down early from her current central bank role.
- Lagarde's desire to give French President Emmanuel Macron influence over her successor choice drove the timing, positioning an early exit to trigger a wider reshuffle at the European Central Bank's six-member Executive Board.
- European Union leaders aim to finalize appointments before the French presidential election, with concerns mounting that far-right leader Marine Le Pen could win and complicate negotiations over the central bank's leadership succession.
- Former central bank governors Klaas Knot and Pablo Hernandez de Cos are seen as frontrunners for the presidency, while Chief Economist Philip Lane steps down in May and France targets his post.
- Lagarde, attending International Monetary Fund and World Bank meetings in Bangkok this week, has confirmed she will remain at the ECB until next year. The board may use November's meeting to designate her for January's Davos summit.
32 Articles
32 Articles
Lagarde may leave the post of head of the European Central Bank ahead of time - what Christine Lagarde will do may be elected as the head of the WEF as early as November, which will entail an early change of the ECB<p>'s leadership. Final decision yet no.</p>
The fact that Christine Lagarde will remain head of the ECB until the end of her term of office is considered unlikely. Soon, the WEF could take an important step in terms of its future.
The Davos Forum ready to crown the banker already next month. The early part would trigger the reorganization in Frankfurt to armor monetary policy. On the table a package agreement for three key appointments: Knot and Cos in pole for the succession
WEF could appoint Lagarde as early as November, sources say
By Dave Graham and Francesco Canepa ZURICH/BANGKOK, Oct 15 (Reuters) - The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down ear...
EXCLUSIVE: WEF could appoint Lagarde as early as November, sources say
The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down early as European Central Bank chief and trigger a wider reshuffle at the top of the ECB.
The possibility that the World Economic Forum (WEF) will select Christine Lagarde as its next president as early as next month is generating interest and discussion.
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