OECD Race Narrows With Malmstrom, Hildebrand Still in Running

The race to see who takes over as head of the Organisation for Economic Cooperation and Development is tightening, with the field narrowing to a group of favored candidates.

Sweden’s Cecilia Malmstrom, a veteran of multilateral negotiations from her time as European Union trade commissioner, and Switzerland’s Philipp Hildebrand, vice chairman at BlackRock Inc., said they’d been chosen for the next round of the competition to replace outgoing Secretary General Angel Gurria.

Vladimir Dlouhy, a Czech, and Poland’s Michal Kurtyka are out of the race, according to an OECD document. Also still in the running is Mathias Corman, Australia’s longest serving finance minister. The Belgian-born politician is seen as a potential compromise candidate for Europe and the U.S.

OECD Race Narrows With Malmstrom, Hildebrand Still in Running

The selection committee said further consultations on candidates will take place this month and next.

The Paris-based group, established in 1961, collects economic and social statistics, and helps shape international policies and standards in areas ranging from taxation to trade and education. Gurria steps down later this year after 15 years at the OECD helm.

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