By letter dated 13 December 2013, Ireland nominated, by common accord with the Kingdom of Denmark, the Hellenic Republic and Romania, Mr Nico Petris (Treasury Specialist, National Treasury Management Agency, Department of Finance) for appointment as an Alternate Member of the Board of Directors of the EIB to succeed Mr Alf Therkildsen who had tendered his resignation.

By letter dated 23 December 2013, the Board of Governors was invited to vote on the proposed appointment.

The decision to appoint Mr Nico Petris was taken on 16 January 2014, the date on which the requisite majority of Governors' votes was reached.

The term of office of Mr Nico Petris will expire in 2018 at the end of the day either of the Annual Meeting or of the approval of the financial statements for the previous financial year, whichever is the later.