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Germany to Name Joachim Nagel as Central Bank Head

December 20, 2021 at 05:18 am EST

By Maria Martinez

Joachim Nagel is to succeed Jens Weidmann as head of the German Bundesbank, according to Germany's Federal Government.

This was announced by Finance Minister Christian Lindner on Monday with the following tweet: "Chancellor Olaf Scholz and I propose Joachim Nagel as the new chief of the Bundesbank."

"Taking into account inflation risks, the importance of a stability-oriented monetary policy is growing," the finance minister said in his tweet.

"He is an experienced person who will ensure the continuity of the Bundesbank," Mr. Lindner said.

Write to Maria Martinez at maria.martinez@wsj.com

(END) Dow Jones Newswires

12-20-21 0518ET

Maria Martinez

Maria Martinez is on the board of McKesson Corp., Silicon Valley Education Foundation, Genesys Works and Declara, Inc. and EVP, Chief Operating & Customer Experience Officer at Cisco Systems, Inc. Ms. Martinez previously was President & Chief Executive Officer of Embrace Networks, Vice President-Worldwide Services at Microsoft Corp., President-Global Customer Success at salesforce.com, inc., Principal at AT&T, Inc. and Vice President at Motorola, Inc. She received an undergraduate degree from the University of Puerto Rico and a graduate degree from The Ohio State University.

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