By letter dated 26 February 2016, the Republic of Poland nominated, Mr Piotr Nowak (Undersecretary of State, Ministry for Finance) for appointment as a Full Member of the Board of Directors of the EIB to succeed Mr  Artur Radziwiłł, who had tendered his resignation.

By letter dated 4 March 2016, the Board of Governors was invited to vote on the proposed appointment.

The decision to appoint Mr Piotr Nowak was taken on 18 March 2016, the date on which the requisite majority of Governors' votes was reached.

The term of office of Mr Piotr Nowak 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.