According to CoinMeta, the Netherlands and Spain have nominated their former central bank governors, Klaas Knot and Pablo Hernández de Cos, respectively, to succeed Christine Lagarde as the President of the European Central Bank (ECB), who is expected to step down next February. Currently, these two are the only officially nominated candidates. The Eurogroup will assess the candidates on November 9th, but other candidates may emerge during subsequent political consultations. The final appointment will be decided by the leaders of European countries, with coordination between German Chancellor Angela Merkel and French President Emmanuel Macron being key. In addition, there will be vacancies for the positions of ECB Executive Board member Jens Weidmann and Chief Economist Philip Lane, meaning that the ECB's senior management restructuring could involve multiple positions. European leaders are expected to further discuss these arrangements at an informal summit on November 13th and a special summit from November 26th to 27th.