European Central Bank (ECB): appointment of Benôit Coeuré as member of the Executive Board

PURPOSE: appointment of Benoît COEURÉ as a member of the Executive Board of the European Central Bank.

NON-LEGISLATIVE ACT: European Council Decision 2011/897/EU appointing a member of the Executive Board of the European Central Bank.

CONTENT: by letter dated 10 November 2011, the President of the European Central Bank, Mr Mario DRAGHI announced the decision of Mr Lorenzo BINI SMAGHI to resign from his position on the Executive Board with effect from the end of 31 December 2011. It is therefore necessary to appoint a new member of the Executive Board of the European Central Bank.

The European Council wishes to appoint Mr Benoît COEURÉ who, in its view, fulfils all the requirements set out in Article 283(2) of the Treaty.

By this Decision, Mr Benoît COEURÉ is appointed a member of the Executive Board of the European Central Bank for a term of office of eight years as from 1 January 2012.

ENTRY INTO FORCE: 19/12/2011.