Raad eens over benoeming Fransman in raad van bestuur van de ECB (en)

COUNCIL OF THE EUROPEAN UNION

Brussels, 30 November 2011

PRESSE 459

Council recommends the nomination of Benoit Coeuré to the executive board of the European Central Bank

The Council today¹ adopted a recommendation on the nomination of Benoït Coeuré (France) to the executive board of the European Central Bank for a term of eight years as of 1 January 2012

If appointed, he will succeed Lorenzo Bini Smaghi (Italy), who has announced his resignation. Mr Bini Smaghi has agreed to remain in office until his successor takes up his responsibilities

The Council's recommendation will be submitted for a decision to the European Council, after consulting the European Parliament and the ECB's governing council

The executive board of the ECB is responsible for implementation of monetary policy for the euro area, as laid down by the governing council. It is composed of the President, a vice-president and four other members, all nominated for a non-renewable term of eight years. The governing council is composed of the six members of the executive board and the governors of the national central banks of the member states of the euro area

Annex: Curriculum Vitae of Benoït Coeuré

The decision was taken at a meeting of the Economic and Financial Affairs Council

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Benoït Coeuré

Born 17 March 1969 in Grenoble, France. Nationality: French Education

1985 Baccalauréat, Lycée Stendhal, Grenoble 1990 Ecole Polytechnique

1992 Ecole Nationale de la Statistique et de T Administration Économique

M.A. in Economic Analysis and Policy, EHESS, Paris

B.A. in Japanese, Paris 7 University Professional career

1992-1995 Economist, Macroeconomic Policy and Growth Division, INSEE

1995-1997 Economist, Foreign Exchange Policy and Balance of Payment Unit, French Treasury

1997-2002 Economic adviser of the Director of the Treasury

1999-2001 Head of Foreign Exchange Policy and Economic Policy Unit, French Treasury

Other official positions

Co-chair of the Paris Club (2007-2009)

G7-G8 Deputy-Deputy and Finance Sous-sherpa for France (2007-2009)

Co-chair of the G-20 Working Group on Reforming the World Bank and the Other Multilateral Development Banks (2009) and of the G-20 sub-Working Group on Global Liquidity Management (2011)

Member of Working Party No. 3 of the OECD (2009-2011)

Member of the EU sub-Committee on Bills and Bonds and of the Steering Committee of the OECD Working Group on Debt Management (2002-2007)

Member of the Boards of CADES (2002-2007) and French Development Agency (2007-2009)

Member of the French Council of Economic Analysis, Pensions Orientation Council and Employment Observation Council (2009-2011)

Decorations

Médaille de la défense nationale (1988) Médaille d'outre-mer (1988) Chevalier de l'Ordre National du Mérite (2009) Academic awards

Nominated for best young French economist (2005)