WEF may appoint Lagarde chair, prompting ECB reshuffle

The World Economic Forum may appoint European Central Bank President Christine Lagarde as its next chair as soon as next month, potentially prompting her to leave the ECB before her term ends in October 2027. The WEF’s board could vote at a meeting on November 2 or set a later vote, allowing Lagarde to be named chair ahead of its January meeting in Davos, though no decision is final. An early departure would let EU leaders choose an ECB successor before France’s spring presidential election and could affect appointments to other senior ECB positions. Reports say Lagarde’s wish to give French President Emmanuel Macron a say in choosing her successor may be one factor in the timing.