Two Candidates Emerge to Succeed Christine Lagarde as ECB President

Spaniard Pablo Hernández de Cos and Dutchman Klaas Knot have applied for the post, the Eurogroup announced in a press release.

Both are former heads of their countries’ central banks. Hernández de Cos is also the current head of the BIS, the central bank for central banks.

A decision on who will replace Lagarde, who will step down early on February 7, 2027, could be made in mid-December, a source told the AFP news agency.