French Finance Minister Christine Lagarde was selected Tuesday as the new managing director of the International Monetary Fund, taking on one of the most powerful positions in global finance. She is the first woman to head the IMF. Lagarde led the Chicago-based law firm Baker & McKenzie before entering French politics in 2005.

I heard Lagarde speak at the 2010 Daily Beast Women of the World Summit in New York. She was impressive, smart, no nonsense and tough. Shell certainly be able to use those traits in her new job, with the Greek debt crisis as a boiling point, and I for one will be cheering her on.