Werner Hoyer, President of the EIB
On the basis of a nomination from the Federal Republic of Germany, the Board of Directors decided on 12 December 2011 to submit the candidature of Mr Werner Hoyer to the Board of Governors for the post of President and Member of the Management Committee, to succeed M. Philippe Maystadt, whose term of office ends on 31 December 2011 and to propose the conferral of the title of Honorary President on Mr Philippe Maystadt and of the title of Honorary Vice-President on Mr Matthias Kollatz-Ahnen.
The written procedure inviting the Board of Governors to vote on this proposal was launched on 13 December 2011.
The decision to appoint Mr Werner Hoyer was taken on 20 December 2011, the date on which the requisite majority of votes was reached. Mr Werner Hoyer has therefore been appointed as President and Member of the Management Committee, taking up his post with effect from 1 January 2012.
The Board of Governors also conferred the title of Honorary President on Mr Philippe Maystadt and the title of Honorary Vice-President on Mr Matthias Kollatz-Ahnen.