The European Central Bank has extended a deadline for filling three top jobs at ...
FRANKFURT - The European Central Bank has extended a deadline for filling three top jobs at its bank supervision arm after it failed to hire any women for the roles, two sources said, illustrating the bank’s long struggle to attract female talent for senior positions.
With only one woman on its 25-member Governing Council and just a handful of women on the Supervisory Board, the ECB has long been criticized by European lawmakers for fostering a culture that favors men, with males holding over three quarters of senior managerial positions. The ECB, which oversees 117 of the euro zone’s biggest banks with 21 trillion euros in assets, will now seek applications for the three internal Supervisory Board vacancies until June 12 instead of the original May 15 deadline.While the ECB is under no legal obligation to find women for the jobs, picking only men would put it in a politically untenable position and would likely hold up the approval of board member Yves Mersch to become the vice chair of the supervisory board, the sources said.
The sources said that ideally there should be at least two women filling the six internal Supervisory Board seat to diffuse political tension over gender inequality.
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