Iceland’s ruling coalition has named Sigurdur Ingi Johannsson as the new PM, with early elections to be held in the autumn.
Johannsson, 53, is agriculture and Fisheries Minister and Deputy Leader of the Progressive Party (PP).
The move comes after PM and PP chairman Sigmundur Gunnlaugsson stepped down in the wake of the leaked Panama Papers.
The leaks, from Panama law firm Mossack Fonseca, showed Gunnlaugsson owned an offshore firm with his wife.
It was not declared when he became an MP. Gunnlaugsson says he sold his shares to his wife and denies any wrongdoing. But he is accused of concealing millions of dollars’ worth of family assets, reports the BBC.
Gunnlaugsson is one of dozens of high-profile global figures mentioned in the 11.5 million leaked financial and legal records, which were first published on Sunday.
Pressure on Gunnlaugsson to step down had been building since then, with thousands of people protesting outside the parliament building in the capital Reykjavik on Monday and opposition parties tabling a confidence motion.
Earlier on Tuesday, Gunnlaugsson had asked President Olafur Ragnar Grimsson to dissolve parliament and call an early election, although the president said he would need to talk to parties.
