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.
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]
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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 Contents 1 Current members 2 List of Board members 3 Succession of seats 4 References 5 External linksCurrent members EditThe current members of the ECB Executive Board are as follows 1 Composition of the Executive Board Name Position Terms of officeExecutive 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 Fabio Panetta Member 1 January 2020 31 December 2027 Isabel Schnabel Member 1 January 2020 31 December 2027 Frank Elderson Member 15 December 2020 14 December 2028List of Board members EditThe 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 Denotes a current member Italics denotes date of term endingName State Term start Term end Tenure length Departure reasonWim Duisenberg Netherlands 1 June 1998 31 October 2003 5 years 152 days ResignedChristian Noyer France 1 June 1998 31 May 2002 3 years 364 days Term endedSirkka Hamalainen Finland 1 June 1998 31 May 2003 4 years 364 days Term endedEugenio Domingo Solans Spain 1 June 1998 31 May 2004 5 years 365 days Term endedTommaso Padoa Schioppa Italy 1 June 1998 31 May 2005 6 years 364 days Term endedOtmar Issing Germany 1 June 1998 31 May 2006 7 years 364 days Term endedLucas Papademos Greece 1 June 2002 31 May 2010 7 years 364 days Term endedGertrude Tumpel Gugerell Austria 1 June 2003 31 May 2011 7 years 364 days Term endedJean Claude Trichet France 1 November 2003 31 October 2011 7 years 364 days Term endedJose Manuel Gonzalez Paramo Spain 1 June 2004 31 May 2012 7 years 365 days Term endedLorenzo Bini Smaghi Italy 1 June 2005 31 December 2011 6 years 213 days ResignedJurgen Stark Germany 1 June 2006 31 December 2011 5 years 213 days ResignedVitor Constancio Portugal 1 June 2010 31 May 2018 7 years 364 days Term endedPeter Praet Belgium 1 June 2011 31 May 2019 7 years 364 days Term endedMario Draghi Italy 1 November 2011 31 October 2019 7 years 364 days Term endedJorg Asmussen Germany 1 January 2012 8 January 2014 2 years 7 days ResignedBenoit Cœure France 1 January 2012 31 December 2019 7 years 364 days Term endedYves Mersch Luxembourg 15 December 2012 14 December 2020 7 years 365 days Term endedSabine Lautenschlager Germany 27 January 2014 31 October 2019 5 years 277 days ResignedLuis de Guindos Spain 1 June 2018 31 May 2026 4 years 211 days IncumbentPhilip R Lane Ireland 1 June 2019 31 May 2027 3 years 211 days IncumbentChristine Lagarde France 1 November 2019 31 October 2027 3 years 58 days IncumbentFabio Panetta Italy 1 January 2020 31 December 2027 2 years 362 days IncumbentIsabel Schnabel Germany 1 January 2020 31 December 2027 2 years 362 days IncumbentFrank Elderson Netherlands 15 December 2020 14 December 2028 2 years 14 days IncumbentSuccession of seats EditPresidentDuisenberg 1 June 1998 31 October 2003Trichet 1 November 2003 31 October 2011Draghi 1 November 2011 31 October 2019Lagarde 1 November 2019 present Vice PresidentNoyer 1 June 1998 31 May 2002Papademos 1 June 2002 31 May 2010Constancio 1 June 2010 31 May 2018de Guindos 1 June 2018 present Chief Economist non statutory position Issing 1 June 1998 31 May 2006Stark 1 June 2006 31 December 2011Praet 1 January 2012 31 May 2019Lane 1 June 2019 present Seat 1Hamalainen 1 June 1998 31 May 2003Tumpel Gugerell 1 June 2003 31 May 2011Praet 1 June 2011 31 May 2019Lane 1 June 2019 present Seat 2Solans 1 June 1998 31 May 2004Gonzalez Paramo 1 June 2004 31 May 2012Mersch 15 December 2012 14 December 2020Elderson 15 December 2020 present Seat 3Padoa Schioppa 1 June 1998 31 May 2005Smaghi 1 June 2005 31 December 2011Cœure 1 January 2012 31 December 2019Panetta 1 January 2020 present Seat 4Issing 1 June 1998 31 May 2006Stark 1 June 2006 31 December 2011Asmussen 1 January 2012 8 January 2014Lautenschlager 27 January 2014 31 October 2019Schnabel 1 January 2020 presentReferences Edit Members of the Executive Board ecb europa eu December 15 2020 Retrieved December 14 2020 Executive Board members terms of office ecb europa eu December 15 2020 Retrieved December 14 2020 External links EditEuropean Central Bank Executive Board This article about the European Union is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Executive Board of the European Central Bank amp oldid 1124232996, wikipedia, wiki, book, books, library,
