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Gerlando Genuardi, EIB Vice-President from January 2003 to August 2007 ©EIB

Mr Gerlando Genuardi was reappointed Vice-President of the EIB by the Bank's Board of Governors, the Finance Ministers of the EU Member States, during their annual meeting today in Luxembourg.

Mr Genuardi was nominated Vice President of the Bank in 2001. His first term expired today.

Mr Genuardi's responsibilities within the EIB's Management Committee include:

  • Financing operations in Italy, Greece, Cyprus and Malta as well as in the south-west Balkan countries;
  • Budget;
  • Accountancy and financial risk control;
  • Information technologies.

Mr Genuardi, born in Palermo (Italy) in 1948, holds a Diploma of Higher Studies in Economics and Business from the University of Palermo. He joined the EIB in 1980 and worked in the General Secretariat of the Bank. In 1996 he became Director of the Human Resources Department. In 2000 he was appointed member of the Board of the London-based European Bank for Reconstruction and Development (EBRD) on behalf of the EIB, which is a shareholder of the EBRD.

The Management Committee is the Bank's permanent collegiate executive body. It has nine members. Under the authority of the President and the supervision of the Board of Directors, it oversees day-to-day running of the EIB, prepares decisions for Directors and ensures that these are implemented. The members of the Management Committee are appointed by the Board of Governors for a renewable period of six years.