The European Council (the heads of state or government of the member states) elects its President by qualified majority for a two-and-a-half-year term, renewable once (TEU Article 15(5)). The President chairs European Council meetings and does not hold a national office.
On June 27, 2024 the European Council elected António Costa as its President for the period from December 1, 2024 to May 31, 2027.
The term may be renewed once. Pending: no decision has been announced.
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Sources: European Council — role of the President · European Council minutes, Jun 27, 2024 (PDF) · TEU (EUR-Lex) · all sources