Georgieva resigned from the Commission at very short notice

Martin Selmayr [L] and Jean-Claude Juncker. [Commission]

European Commission President Jean-Claude Juncker only learned that his deputy Kristalina Georgieva would take a job at the World Bank on the same day she resigned from the EU executive (28 October), a source close to Juncker told

Reportedly, Juncker was unaware of Georgieva’s job hunting, or at least he was not informed about her plan to return to the World Bank, where she was previously vice president.

Last Friday Georgieva informed Juncker that as of 2 January she will take up a new responsibility, 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.

Georgieva resigns to join World Bank

Commission Vice-President Kristalina Georgieva resigned on Friday (28 October) to take a job at the World Bank. EURACTIV France reports.

On the same day the Commission published a press release, in which Juncker congratulated Georgieva on her new role and expressed regret at her decision to leave the Commission.

It is arguable whether Georgieva’s return to the World Bank can be seen as a promotion compared to the post of Commission Vice President responsible for the budget and human resources.

Georgieva was a candidate for the job of UN Secretary General which ultimately went to Portugal’s António Guterres.

Breaking: Portugal’s Guterres elected UN Secretary-General by a landslide

The UN Security Council elected former Portuguese PM António Guterres as UN Secretary-General today (5 October). According to leaked information from the secret vote, he received 13 votes in favour from the 15 members of the Council, and two “without opinion”.

In the case of her UN bid, Georgieva had informed Juncker, as his spokesperson Margaritis Schinas confirmed in November 2015.

Georgieva to run for UN Secretary-General

EXCLUSIVE/ Commission Vice-President Kristalina Georgieva plans to run for the job of UN Secretary-General, to replace Ban Ki-moon, whose second term expires on 31 December 2016.

After her UN setback, it was rumoured that Georgieva had plans to seek other international positions, which clearly indicated she had the intention of leaving the Commission.

The website quoted a source saying that Georgieva considers Martin Selmayr, Juncker’s chief of cabinet, to have a “poisonous” influence on the Commission, and that she had reached the limits of her patience working in such an environment.

EURACTIV invited Selmayr to comment on the circumstance of Georgieva’s departure, but received no answer.

Georgieva will stay in the Commission possibly until 31 December 2016, depending on the development of the ongoing budgetary negotiations with the European Parliament.

EURACTIV repeatedly asked Commission spokespersons if the Code of Conduct of Commissioners allows them to be job hunting, but received no answer.

It is also unclear whether there is a conflict of interest in Georgieva continuing to work for the Commission, before taking her World Bank job. The Commission is an important financial contributor to the World Bank.

Subscribe to our newsletters