On Monday, Luxembourg's Deputy Prime Minister, Minister for the Economy and Minister of Health, Etienne Schneider, announced his intention to stand down and retire from politics in the first week of February 2020.
Explaining that he would like to have "his life back", Minister Schneider is tipped to take up one or more director roles in Luxembourg's industrial sector. It is understood that two such positions will become available in Spring 2020 with ArcelorMittal.
While Dan Kersch, currently Minister of Sport and Minister of Labour, Employment and the Social and Solidarity Economy, is likely to succeed Me Schneider as Deputy Prime Minister (representing the LSAP party), his ministerial positions could be taken up by Franz Fayot who was elected party president in January this year.
The 48 year-old from Differdange started work in 2004 as a senior civil servant and then joined the government (CSV - LSAP coalition) in February 2012 when he succeeded Jeannot Krecké as Minister of the Economy and Foreign Trade following his resignation. Following the 2013 general election, he was appointed Deputy Prime Minister, Minister of the Economy, Minister of Internal Security and Minister of Defence in the 3-way coalition government (DP - LSAP - Greens) led by Prime Minister Xavier Bettel. Following the 2018 general election, he was appointed Deputy Prime Minister (shared with Francois Bausch of the Green party), Minister of the Economy and Minister of Health. His departure in February 2020 will have seen Etienne Schneider in government for 8 years.