On 1 November 2014 the new European Commission formally began its five-year term and one of the most powerful positions was handed to the Danish politician Margrethe Vestager. Vestager will lead DG Competition and be responsible for punishing cartels, controlling mergers and prohibiting illegal State subsidies. She inherits a challenging portfolio.
Vestager joins the Commission having served since 2011 as Denmark’s Deputy Prime Minister and Minister for Economic and Interior Affairs. She also led the centre-left Danish Social Liberal Party. Her former post has given her some exposure to EU affairs including a position on ECOFIN (the Economic and Financial Affairs Council), composed of the economics and finance ministers of the 28 EU Member States, which she chaired during Denmark’s Presidency of the EU in 2012. Vestager is an economist by background and worked in industry before entering politics in 2001.