Magdalena Álvarez Arza is appointed Member of the Management Committee
16 July 2010
On the basis of a nomination from the Kingdom of Spain, by common accord with the Portuguese Republic, the Board of Directors decided on 15 June 2010 to submit the candidature of Ms Magdalena Álvarez Arza to the Board of Governors for the post of Vice-President and Member of the Management Committee, to succeed Mr Carlos da Silva Costa, who had tendered his resignation.
The written procedure inviting the Board of Governors to vote on this proposal was launched on 15 June 2010.
The decision to appoint Ms Magdalena Álvarez Arza was taken on 29 June 2010, the date on which the requisite majority of votes was reached. Ms Magdalena Álvarez Arza has therefore been appointed as Vice-President and Member of the Management Committee, taking up her post with effect from 16 July 2010.
The Board of Governors also conferred the title of Honorary Vice-President on Mr Carlos da Silva Costa.
Following the tragedy that struck Beirut on August 4, President Hoyer will speak at the Conférence internationale d’appui et de soutien à Beyrouth et à la population libanaise (International conference on assistance and support to Beirut and the Lebanese people).
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. the Minister for Finance, Paschal Donohoe T.D and the Minister for Agriculture, Food and the Marine, Dara Calleary T.D. today (Thursday the 30th of July) launched a €500 million expansion to the Future Growth Loan, the government’s scheme to support SMEs, farmers and fishing. The additional funding will be provided by the EIB Group.
Pursuant to Article 27 of the Bank’s Rules of Procedure, Ms Beatrice DEVILLON-COHEN (former Managing Director – Head of Derivatives Trading, Société Générale, London) was proposed as a candidate to perform the duties of an observer to the Audit Committee.