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László Baranyay, EIB Vice-President from September 2013 to September 2016 ©EIB

On the basis of a nomination from Hungary, by common accord with the Republic of Bulgaria, the Czech Republic, the Republic of Croatia, the Republic of Cyprus, the Republic of Malta, the Republic of Poland, the Republic of Slovenia and the Slovak Republic, the Board of Directors decided, on 26 July 2013, to submit a proposal to the Board of Governors for the appointment of Mr László Baranyay as Vice-President and Member of the Management Committee, to succeed Mr Anton Rop, who had tendered his resignation with effect on 31 August 2013.

The written procedure inviting the Board of Governors to vote on the proposed appointment was launched on 6 August 2013.

The decision to appoint Mr Baranyay was taken on 29 August 2013, the date on which the requisite majority of votes was reached. Mr László Baranyay has therefore been appointed as Vice-President and Member of the Management Committee, taking up his post with effect from 1 September 2013.

The Board of Governors also conferred the title of Honorary Vice-President on Mr Anton Rop.