EBRD President quits job  | Report.az

The President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti, has quit his job after completing two full terms as President, Report informs, referring to the Bank. 

Sir Suma, a British citizen, won two competitive elections in 2012 and 2016, the first-ever in the EBRD’s history. He joined the Bank with a mandate to modernize it, and that focus has enabled the EBRD to deliver record levels of transition impact and investment in its regions and to achieve greater financial sustainability.

From 3 July, EBRD First Vice-President, Jürgen Rigterink, who joined the Bank in 2018 to lead its banking and policy operations, will become Acting President of the EBRD.

A permanent successor to Sir Suma is expected to be elected at the Bank’s Annual Meeting, which was postponed from 13-14 May to 7-8 October 2020 due to the coronavirus crisis’s impact.