Mr Mihai Tănăsescu has resigned from the EIB’s Management Committee and the EIB due to serious health problems. Mihai Tănăsescu was appointed by the Board of Governors of the EIB as Vice President and member of the Management Committee in 2012. He was the Management Committee lead for EIB operations in Romania, Bulgaria, the Former Yugoslav Republic of Macedonia, Greece, Cyprus, and EFTA countries, as well as for risk management, energy, and economics until October 2014, when he took leave of absence. The Management Committee of the EIB thanked Mr Tănăsescu for his contribution to the Bank’s work during his tenure.