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[edit]

The current members of the ECB Executive Board are as follows:^[1]

Composition of the Executive Board

	Name	Position	Terms of office
Executive Board	Christine Lagarde	President	1 November 2019	31 October 2027
	Luis de Guindos	Vice President	1 June 2018	31 May 2026
	Philip R. Lane	Member Chief Economist	1 June 2019	31 May 2027
	Isabel Schnabel	Member	1 January 2020	31 December 2027
	Frank Elderson	Member	15 December 2020	14 December 2028
	Piero Cipollone	Member	1 November 2023	31 October 2031

List of Board members[edit]

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:^[2]

Status

• Italics denotes date of term ending

Name	State	Term start	Term end	Tenure length	Departure reason
Wim Duisenberg	Netherlands	1 June 1998	31 October 2003	5 years, 152 days	Resigned
Christian Noyer	France	1 June 1998	31 May 2002	3 years, 364 days	Term ended
Sirkka Hämäläinen	Finland	1 June 1998	31 May 2003	4 years, 364 days	Term ended
Eugenio Domingo Solans	Spain	1 June 1998	31 May 2004	5 years, 365 days	Term ended
Tommaso Padoa-Schioppa	Italy	1 June 1998	31 May 2005	6 years, 364 days	Term ended
Otmar Issing	Germany	1 June 1998	31 May 2006	7 years, 364 days	Term ended
Lucas Papademos	Greece	1 June 2002	31 May 2010	7 years, 364 days	Term ended
Gertrude Tumpel-Gugerell	Austria	1 June 2003	31 May 2011	7 years, 364 days	Term ended
Jean-Claude Trichet	France	1 November 2003	31 October 2011	7 years, 364 days	Term ended
José Manuel González-Paramo	Spain	1 June 2004	31 May 2012	7 years, 365 days	Term ended
Lorenzo Bini Smaghi	Italy	1 June 2005	31 December 2011	6 years, 213 days	Resigned
Jürgen Stark	Germany	1 June 2006	31 December 2011	5 years, 213 days	Resigned
Vítor Constâncio	Portugal	1 June 2010	31 May 2018	7 years, 364 days	Term ended
Peter Praet	Belgium	1 June 2011	31 May 2019	7 years, 364 days	Term ended
Mario Draghi	Italy	1 November 2011	31 October 2019	7 years, 364 days	Term ended
Jörg Asmussen	Germany	1 January 2012	8 January 2014	2 years, 7 days	Resigned
Benoît Cœuré	France	1 January 2012	31 December 2019	7 years, 364 days	Term ended
Yves Mersch	Luxembourg	15 December 2012	14 December 2020	7 years, 365 days	Term ended
Sabine Lautenschläger	Germany	27 January 2014	31 October 2019	5 years, 277 days	Resigned
Luis de Guindos	Spain	1 June 2018	31 May 2026	5 years, 308 days	Incumbent
Philip R. Lane	Ireland	1 June 2019	31 May 2027	4 years, 308 days	Incumbent
Christine Lagarde	France	1 November 2019	31 October 2027	4 years, 155 days	Incumbent
Fabio Panetta	Italy	1 January 2020	31 October 2023	3 years, 303 days	Resigned
Isabel Schnabel	Germany	1 January 2020	31 December 2027	4 years, 94 days	Incumbent
Frank Elderson	Netherlands	15 December 2020	14 December 2028	3 years, 111 days	Incumbent
Piero Cipollone	Italy	1 November 2023	31 October 2031	155 days	Incumbent

Succession of seats[edit]

See also[edit]

• ECB Supervisory Board

References[edit]

External links[edit]

• European Central Bank: Executive Board

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