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Ambroise Fayolle, Vice-President of the EIB ©EIB

On the basis of a nomination from the French Republic, the Board of Directors decided on 3 February 2015 to submit the candidature of Mr Ambroise Fayolle to the Board of Governors for the post of Vice-President and Member of the Management Committee, to succeed Mr Philippe de Fontaine Vive Curtaz, whose term of office will expire on 23 February 2015.

The written procedure inviting the Board of Governors to vote on this proposal was launched on 4 February 2015. The decision to appoint Mr Ambroise Fayolle was taken on 18 February 2015, the date on which the requisite majority of votes was reached. Mr Ambroise Fayolle has therefore been appointed as Vice-President and Member of the Management Committee, taking up his post with effect from 24 February 2015. The Board of Governors also conferred the title of Honorary Vice-President on Mr Philippe de Fontaine Vive Curtaz.