OREANDA-NEWS. By letter dated 27 October 2015, the Italian Republic nominated, Mr Filippo Giansante (Director, International Financial Relations, Department of the Treasury, Ministry of Economy and Finance) for appointment as a Full Member of the Board of Directors of the EIB to succeed Mr Carlo Monticelli, who had tendered his resignation with effect from 27 October 2015.

By letter dated 3 November 2015, the Board of Governors was invited to vote on the proposed appointment.

The decision to appoint Mr Filippo Giansante was taken on 24 November 2015, the date on which the requisite majority of Governors’ votes was reached.

The term of office of Mr Filippo Giansante 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.