Margrethe Vestager is set to remain EU competition chief for another five years

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Margrethe Vestager is set to remain EU competition chief for another five years
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Margrethe Vestager has been named as the next head of competition policy for the EU, meaning she will continue to oversee investigations into major technology firms.

to repay 13 billion euros back to the Irish government; to name just a few of her most well-known investigations over the last five years.

Despite her experience in the role, the Danish politician will have plenty of challenges ahead. These include addressing increasing concerns over data privacy and data use as well as a potential reform of competition rules. Vestager decided earlier this year to block a major rail merger between a French and a German firm — a move that upset their respective governments, which argued that Europe needed bigger players to fight on the international landscape. It led to a call for changes for EU competition rules.

Adding to her responsibilities, Vestager will also be taking over as the vice president for digitization. Tuesday's announcement came as Ursula von der Leyen, the incoming president of the European Commission, presented her new team — due to take over on November 1. The appointments still need to be cleared by European lawmakers.

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