Lagarde may become WEF president soon

Christine Lagarde, currently president of the European Central Bank (ECB), may be named to lead the World Economic Forum (WEF) as early as November, according to four sources close to the organization. This would require her to leave her current position before her term ends in 2027.

WEF board to consider the move

The WEF’s board of directors, which includes Lagarde as a member, is set to meet on November 2. The sources suggest the board could elect her as president at that meeting, though no final decision has been made. The sources requested anonymity due to the sensitive nature of the discussions.

Early departure raises political implications

Lagarde’s term as ECB president is scheduled to end in October 2027. If she leaves earlier, EU leaders could choose her successor before the 2027 French presidential election. This timing might also help reach agreements on other high-level ECB positions. The ECB has not commented on the reports, and the WEF has not yet responded to requests for comment.

Political tensions over ECB leadership

The potential change comes amid political discussions about ECB leadership. In an interview with the Financial Times, Marine Le Pen, leader of France’s National Rally, was asked about talks between French President Emmanuel Macron and German Chancellor Friedrich Merz regarding Lagarde’s successor. She did not directly oppose the idea of an agreement but warned about German influence in EU institutions.

Lagarde’s term and successor timeline

Lagarde has been president of the ECB since November 1, 2019, and her term is set to end on October 31, 2027. The president of the ECB serves an 8-year, non-renewable term. If a successor is named in 2026, they could serve until 2034, extending beyond the next French presidential term.