CNB’s Tůma ends term seven months early

tuma-zdenek

Zdeněk Tůma, the governor of the Czech National Bank, on Thursday resigned seven months before his term was due to end in a bid to avoid over half the central bank's board changing at the same time.

Tůma, who delivered his resignation letter to Czech President Václav Klaus on Tuesday afternoon, will resign with effect of 30 June 2010. Tůma's second six-year term was slated to end in February 2011.

The terms of office of three other Board members, one vice governor and two other Board members, ar

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