ECB No. 2 Job Race Won by Vujcic in Victory for East Europe (1)

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.

“We’re on track for Boris Vujcic to take up his position at the ECB as of the 1st of June,” ...