The European Investment Bank (EIB) is expected to announce on Tuesday that it has tapped Finnish-born, German-trained Marjut Santoni to take over as its new secretary-general beginning March 1.
A veteran of EU affairs dating back to the late 1990s, Santoni promotion from her current position as deputy secretary-general will see her replace Klaus Trömel, who announced his retirement earlier this year.
Santoni becomes the first woman to fill the EIB’s top role. Her appointment comes after the world’s largest multilateral borrower and lender was investigated late last year for widespread gender discrimination, earning it a sharp rebuke from the European Union’s General Court for blocking the promotion of female employees.
Based in Luxembourg, the EIB is a key cog in the European Commission’s efforts to prop up the bloc’s economy, having invested €138 billion into private and public-sector projects under the “Juncker Plan” – the Commission’s €315 billion flagship investment strategy for Europe.