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last mo.

Banque de France Chief Villeroy de Galhau Announces Early Resignation Effective June

His exit triggers a mid-term succession at France’s central bank within the ECB’s policymaking ranks.

Frankreichs Zentralbankchef François Villeroy de Galhau hat seinen Rücktritt angekündigt. Er werde seinen Posten Anfang Juni räumen, erklärte Villeroy de Galhau am Montag in einer Mitteilung der Zentralbank.

Overview

  • Villeroy de Galhau, 66, said he will leave his post in early June, more than a year before his mandate was expected to end in 2027.
  • He will take on an unpaid role as chair of Apprentis d’Auteuil, a foundation that supports disadvantaged children and families.
  • He said he made the decision in full personal independence and notified President Emmanuel Macron, the French government and ECB President Christine Lagarde a few days earlier.
  • Lagarde and Bundesbank chief Joachim Nagel publicly praised his service, citing his realism, European commitment and contributions to financial stability.
  • The departure initiates a selection process in which Macron can nominate a successor subject to approval by the National Assembly’s finance committee.