IMF Names Christine Lagarde To Replace Strauss-Kahn

Law360, New York (June 28, 2011, 6:51 PM EDT) -- The International Monetary Fund on Tuesday chose French Finance Minister Christine Lagarde to serve as its managing director following Dominique Strauss-Kahn's May 18 resignation over claims that he tried to rape a New York hotel maid.

Lagarde, who will be the first woman to head the emergency lending body, is set to take office July 5 for a five-year term.

“The executive board looks forward to Ms. Lagarde effectively leading the International Monetary Fund as its next managing director,” the board said in announcing the decision....
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