Subj : EU Competition Commissioner Margrethe Vestager to step down after
To   : All
From : TechnologyDaily
Date : Tue Aug 20 2024 17:15:04

EU Competition Commissioner Margrethe Vestager to step down after nearly a 
decade

Date:
Tue, 20 Aug 2024 16:01:44 +0000

Description:
Margrethe Vestager to leave office after spending 10 years in top EU post.

FULL STORY
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EU Competition Commissioner Margrethe Vestager is to be replaced as a nominee 
after two terms in the role. 

As one of the EUs three Executive Vice Presidents, Vestagers responsibility 
was in delivering a Europe Fit for the Digital Age. 

The change comes after poor results for the commissioners Social Liberal 
Party in Denmarks 2022 election, as the party is no longer part of the ruling 
coalition. Worlds next top trustbuster 

As the EUs most powerful antitrust official, Vestager delivered blows to 
numerous US tech giants such as Apple, Alphabet, and Meta. Landmark cases 
forced tech companies to make big changes in order to become fairer and 
invite competition, as was the case with the Google anticompetition case . 
Vestager also oversaw the handing out of hefty fines, which combined total to 
over $20 billion (although many are still being contested). 

The bureaucrat was the target of significant criticism during her decade 
tenure, most famously from Donald Trump, who branded her the EUs tax lady, 
and from Tim Cook, who labelled one of her rulings as total political crap. 

The line of succession is unclear for this position, but its reported that 
European Commission President Ursula von der Leyen will start the interview 
process next week. Commissioners are nominated by member states in 
consultation with the commission president. 

It is reported that Copenhagan is still deciding its candidate, but all three 
front-runners are men from the ruling Social Democrat party -  climate 
minister Dan Jrgensen, business minister Morten Bdskov and finance minister 
Nicolai Wammen. 

Via Financial Times More from TechRadar Pro Apple Pay branded 
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Link to news story:
https://www.techradar.com/pro/eu-competition-commissioner-to-step-down


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