By letter dated 14 December 2017, the Republic of Slovenia nominated Mr Andrej KAVČIČ for appointment as a Full Member of the Board of Directors of the EIB to succeed Mr Anton ROP, who had tendered his resignation.

By letter dated 4 January 2018, the Board of Governors was invited to vote on the proposed appointment.

The decision to appoint Mr Andrej KAVČIČ was taken on 23 January 2018, the date on which the requisite majority of Governors' votes was reached.

The term of office of Mr Andrej KAVČIČ 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.

Mr KAVČIČ is currently Head of International Finance Department within the Ministry of Finance. He holds a B.A. in Economics from the University of Ljubljana.