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Vice President of the EIB ©EIB

On the basis of a nomination from the Kingdom of Netherlands, in common accord with the Kingdom of Belgium and the Grand Duchy of Luxembourg, the Board of Directors decided on 3rd January 2012 to submit the candidature of Mr Pim van Ballekom to the Board of Governors for the post of Vice-President and Member of the Management Committee, to succeed Mr. Philippe Maystadt.

The written procedure inviting the Board of Governors to vote on this proposal was launched on 3rd January 2012.

The decision to appoint Mr Pim van Ballekom was taken on 13 January 2012, the date on which the requisite majority of votes was reached. Mr Pim van Ballekom has therefore been appointed Vice-President and Member of the Management Committee, taking up his post with effect from 16 January 2012.