Overview
- Euro-area finance ministers selected Croatian central bank governor Boris Vujcic to succeed Luis de Guindos, whose term ends in May.
- Under the selection rules, a candidate needs backing from at least 16 of 21 countries representing 65% of the euro-area population.
- The European Central Bank and the European Parliament will be consulted next, and EU leaders will make the final appointment in March.
- Vujcic has led Croatia’s central bank since 2012 and guided the country’s smooth entry into the euro in 2023, a record seen as a steady, continuity choice.
- This nomination starts a broader reshuffle of the ECB’s executive board through 2027, culminating with the presidency as Christine Lagarde’s term ends in October next year.