Christine Lagarde could leave the European Central Bank almost a year before her term ends in October 2027 to become chair of the World Economic Forum, according to four people close to the organisation cited by Reuters. The WEF board, which includes Lagarde, was due to meet on November 2 and could appoint her as soon as next month, though no final decision has been made. An early exit would let EU leaders choose her successor before Macron's term ends in May, and would create a second vacancy on the six-member ECB Executive Board after Isabel Schnabel's resignation. Klaas Knot and Pablo Hernandez de Cos are seen as frontrunners to succeed her. The ECB declined to comment.
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Four people close to the WEF told Reuters that its Board of Trustees could appoint Christine Lagarde as chair as soon as next month, though no final decision has been made. She is seen as having broad board support, and the board could elect her at its meeting on November 2 or set a vote so she can appear as designated chair at Davos in January. An early exit would come almost a year before her ECB term ends in October 2027, giving EU leaders a chance to pick her successor before Emmanuel Macron's term ends in May. Her departure would open a second vacancy on the six-member Executive Board after Isabel Schnabel's resignation, and chief economist Philip Lane is also due to step down in May.
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