Bulgarian Kristalina Georgieva resigned Friday as vice president of the European Commission to take a job as CEO of the World Bank.
Georgieva, who was the Vice-President of the Commission responsible for Budget and Human Resources, has informed European Commission President Juncker of her decision to resign from her post in order to take up a new responsibility, as of 2 January 2017, as Chief Executive Officer (CEO) of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), known collectively as the World Bank.
"It is with great regret that I have accepted Kristalina Georgieva's decision to resign from the European Commission. The fact that she has been asked to take a leading role in the World Bank is an acknowledgment and recognition of Kristalina Georgieva's many talents and her professionalism. I sincerely congratulate her on this new role. She will be greatly missed," Juncker said.