By letter dated 19 April 2012, the Kingdom of Spain nominated, by common accord with the Portuguese Republic, Mr Lucinio Muñoz (Chief of Staff of the Spanish Treasury's General Secretariat) for appointment as Alternate Member of the Board of Directors of the EIB to succeed Ms Carmen Laín who had tendered her resignation.
By letter dated 15 May 2012, the Board of Governors was invited to vote on the proposed appointment.
The decision to appoint Mr Lucinio Muñoz was taken on 11 June 2012, the date on which the requisite majority of Governors' votes was reached.
The term of office of Mr Lucinio Muñoz will expire in 2013 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.