ECB No. 2 Job Race Won by Vujcic in Victory for East Europe

Croatia’s central-bank chief, Boris Vujcic, is set to become the next European Central Bank vice president — and the first person from eastern Europe to join the institution’s Executive Board.

In a decision that kicks off a two-year shake-up of the six-member panel, the 61-year old policymaker secured backing from euro-region finance ministers on Monday to succeed Luis de Guindos after he leaves at the end of May, according to Eurogroup President Kyriakos Pierrakakis.