Steven Maijoor to step down as ESMA chair 15 July 2020Paris Reporter: Rebecca Delaney
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The European Securities and Market Authority's (ESMA) current chair Steven Maijoor is set to step down on 31 March 2021, after serving the maximum ten-year term permitted under ESMA regulations.
Maijoor’s successor will be confirmed by the European Parliament and formally appointed by the Council of the European Union.
Based in Paris, the position is a full-time independent professional as the head and external representative of ESMA, with responsibilities including development of the authority’s long-term strategy and objectives.
In addition, the role appoints the chair of ESMA as chair and voting member of the board of supervisors and the management board.
During the application process, which closes on 2 September, candidates will be interviewed by both the selection board and the board of supervisors before the commission forms a shortlist.
Following council confirmation, Maijoor’s successor will begin on 1 April 2021 under a five-year contract.
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