Based in the Romania Country Office, Capannelli will also serve as country manager for Hungary, the institution said.
Capannelli’s appointment became effective May 7.
Capannelli, an Italian national, joined the World Bank in 1998 as an economist in the Urban Development Department in the East Asia and Pacific Region. She has since held various positions, including manager of the Program for Private Sector Participation in Infrastructure in the Middle East and North Africa Region, and sector leader for the Sustainable Development Department in the Europe and Central Asia Region.