Executive Board of the European Central Bank

The Executive Board of the European Central Bank is the organ responsible for implementing monetary policy for the Eurozone in line with the guidelines and decisions taken by the Governing Council of the European Central Bank.

The executive board consists of the president, the vice-president and four other members, one of whom concurrently serves as ECB chief economist. All members are appointed by the European Council by qualified majority for a non-renewable eight-year term. As an exception, the officeholders appointed to the original board received staged terms so that one would be replaced each year. Under the ECB's rules board members do not represent a particular country, nor are they responsible for keeping track of economic conditions in one country. Instead, all board members are jointly responsible for monetary policy for the entire Euro area.

Current members The current members of the ECB Executive Board are as follows:

+Composition of the Executive BoardNameStatePositionStartEnd PresidentVice PresidentMemberChief EconomistMemberMemberMember

List of Board members The following is a list of past and present members of the Executive Board of the European Central Bank. A member serves for a non renewable term of eight year. Since the ECB was established in 1998, the following people have served as Executive Board members:

Status

Italics denotes date of term ending

NameStateStartEndDurationDeparture reasonResignedTerm endedTerm endedTerm endedTerm endedTerm endedTerm endedTerm endedTerm endedTerm endedResignedResignedTerm endedTerm endedTerm endedResignedTerm endedTerm endedResignedTerm ended Incumbent Incumbent ResignedIncumbent Incumbent Incumbent Incumbent

Succession of seats

PresidentDuisenbergTrichetDraghiLagarde

Vice PresidentNoyerPapademosConstânciode GuindosVujčić

Chief Economist(non-statutory position) IssingStarkPraetLane

Seat 1HämäläinenTumpel-GugerellPraetLane

Seat 2SolansGonzález-ParamoMerschElderson

Seat 3Padoa-SchioppaBini SmaghiCœuréPanettaCipollone

Seat 4IssingStarkAsmussenLautenschlägerSchnabel

See also ECB Supervisory Board

References

External links European Central Bank: Executive Board