>@EIB

Mr Dario Scannapieco has been nominated by the Italian Government to succeed Mr Gerlando Genuardi as Vice President of the European Investment Bank (EIB). He will take over Mr. Genuardi’s portfolio, supervising financing operations in Italy, Greece, Cyprus, Malta and in the Western Balkans, as well as overseeing the EIB’s Structured Finance Facility, Budget, Accounting and Information Technology services. The new Italian VP will also represent the EIB as a Governor of the European Bank for Reconstruction and Development (EBRD).

Prior to joining the Bank, Mr. Scannapieco was active in the Ministry of Economy and Finance of Italy. Since 2002 he has held the position of Director General of the Privatisation and Finance Department, and from 1997 to 2002 he acted as Advisor to the Director General. Mr Scannapieco began his career in 1992 in Strategic Planning and Control of Telecom Italia.

In addition, Mr Scannapieco has sat on a number of Boards of Directors and Strategic Committees in his home country, Italy. Recently, he has been a member of Inter-Governmental Committees in charge of structuring the financing and defining key aspects of two Trans-European Network priority projects.

Over the course of his career, he has authored various articles on Privatisation and Corporate Governance and is a Lecturer on a programme on “Corporate Governance for State Owned Enterprises” at the University of Rome.

Mr. Scannapieco, an economist by training, studied at the Harvard Graduate School of Business Administration in Boston (1995-1997) and Libera Università Internazionale degli Studi Sociali in Rome (1987–1992).

Background:

The Management Committee is the EIB’s permanent collegiate executive body, consisting of a President and eight Vice Presidents. The members of the Management Committee are appointed by the Board of Governors - the Finance Ministers of the 27 EU Member States - for a renewable period of six years.

Under the authority of the President, it collectively oversees the day-to-day running of the EIB as well as preparing and ensuring the implementation of the Board of Directors' decisions, notably regarding borrowing and lending operations.